GEGujarat Energy539336Reclassification update

Gujarat Energy receives NSE and BSE no-objection for GSEG reclassification from Promoter to Public

Gujarat Energy Ltd got no-objection letters from NSE and BSE for reclassifying Gujarat State Energy Generation Limited (GSEG) from "Promoter" to "Public Shareholder" category.

By ScoutQuest · Wed 14 Oct 2026, 1:55 PM IST · 2 min read

Shares held by GSEG

13,32,235 shares

Shareholding percentage

0.14% of the shareholding

Reclassification

Pre-reclassification: Promoter. Post-reclassification: Public.

What has been announced

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) has told the stock exchanges that it has received No-objection Letters from NSE and BSE for reclassifying Gujarat State Energy Generation Limited (GSEG) from the "Promoter" category to the "Public Shareholder" category.

• NSE letter reference: NSE/LIST/COMP/GUJENERGY/630/2026-2027, dated 13th October, 2026
• BSE letter reference: LIST/COMP/MB/239/2026-27, dated 13th October, 2026
• The application to the exchanges was dated August 13, 2026
• The company's disclosure to the exchanges is dated 14th October, 2026
• This follows the company's earlier intimations dated 3rd August, 2026, 11th August, 2026 and 13th August, 2026 on the proposed reclassification

Scale of the change

• GSEG holds 13,32,235 shares, which is 0.14% of the shareholding
• Category pre-reclassification: Promoter
• Category post-reclassification: Public

Promoter versus public shareholder

A promoter is a person or entity that is in control of the company or is identified as part of the promoter group. Shares held by promoters are shown separately from shares held by the public. When an entity is reclassified as a public shareholder, its shares are counted in the public shareholding category instead.

This kind of reclassification is done under Regulation 31A of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, and requires a no-objection from the stock exchanges. The exchanges have now granted that no-objection for GSEG.

The exchanges have also asked the company to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

What a reader may watch for

• The disclosure records the shares and the percentage held by the entity being reclassified, so the size of the shift from promoter to public category can be seen: 13,32,235 shares, or 0.14%
• The change is a category change for one entity; the promoter and public shareholding percentages as a whole would move accordingly.

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