Gujarat Energy539336Dividend news update

Highest Ever Dividend Paid to Government of Gujarat in a Single Financial Year

The company says it paid Rs. 324 Crores as dividend to the Government of Gujarat for FY 2025-26 — the highest ever by any single State PSU to the Government of Gujarat in a single financial year.

By ScoutQuest · Wed 14 Oct 2026, 6:26 PM IST · 2 min read

about 38%+32 pp

Beforeabout 6%Postabout 38%

Government of Gujarat holding in the company the Scheme: about 6% (Before) and about 38% (Post). A difference of 32 percentage points.

Dividend paid to Government of Gujarat (FY 2025-26): Rs. 324 Crores
Government of Gujarat shareholding change: rose from about 6% to about 38%
Scheme of Arrangement effective date: 1st May 2026

What was announced

The company said it has paid Rs. 324 Crores as dividend to the Government of Gujarat for financial year 2025-26, which it describes as the highest ever dividend paid by any single State PSU to the Government of Gujarat in a single financial year.

The reorganisation behind the payout

A Scheme of Amalgamation & Arrangement involving the GSPC group of companies was approved by the Government of Gujarat, the Board of Directors, the shareholders and received final regulatory approval from the Ministry of Corporate Affairs.
The Scheme of Arrangement came into effect from 1st May 2026.
Under the Scheme, Gujarat Gas Limited was rechristened Gujarat Energy Limited, upon amalgamation of GSPC into GGL.
The Gas Transmission Business that was earlier carried on by GSPL is now carried on by GSPL Transmission Limited.
As a result, the Government of Gujarat's holding in the company rose from about 6% before the Scheme to about 38% after it. It also came to hold about 38% in GSPL Transmission Limited.

How the numbers compare

For FY 2025-26, the company paid Rs. 324 Crores to the Government of Gujarat, on 36.40 crore Government of Gujarat shares, at Rs. 8.90 per share.
GSPL Transmission Limited separately paid Rs. 60.67 Crores to the Government of Gujarat for the same year, so the two together paid Rs. 384.67 Crores.
Over the three financial years FY 22-23 to FY 24-25, before the Scheme became effective, the total dividend paid by Gujarat Gas to the Government of Gujarat aggregated to approximately Rs. 81.55 Crores.

In the company's words

Shri M. K. Das, Chief Secretary, Government of Gujarat and Chairman of both GEL and GTL, described the payout as a defining moment for the two companies. Smt. Avantika Singh, Managing Director of GEL and Vice Chairperson of GTL, said the company's ability to maximise dividend payout to the Government of Gujarat had been limited by the older corporate structure, and that the Scheme of Arrangement has proved to be the turning point, allowing the company to contribute more robustly to the State's growth and development initiatives.

The occasion

Dividend Payment Cheques were presented on behalf of GEL and GTL to the Hon'ble Chief Minister of Gujarat on 14th October 2026, in the presence of the Hon'ble Minister of Energy & Petrochemicals and the Hon'ble Minister of State for Energy & Petrochemicals, along with senior Government officers.

Point to note

This announcement describes dividend paid to the Government of Gujarat, which is a shareholder in the company, and sets out how the group's structure changed — with the gas transmission business now housed in GSPL Transmission Limited and the Government of Gujarat's direct shareholding in the company changing after the Scheme.

38%Government of Gujarat holding in the company the Scheme

Government of Gujarat holding in the company the Scheme: about 38%.

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