Gujarat Gas Limited announces Record Date 3 under Scheme of Arrangement

M&A / JV 25 Jun 2026 · Announced· ✓ Verified

Gujarat Gas Limited, a major downstream gas distribution and petrochemicals entity, notified shareholders of the third record date associated with an ongoing Scheme of Arrangement. The company did not disclose counterparty identities, consideration or merger/slump terms in this public notice; however, the invocation of Record Date 3 confirms that at least two prior record dates have been executed, and implies NCLT sanction and stock exchange in-principle approval were obtained in prior months. This multi-date structure is typical of complex schemes involving asset demergers, inter-company transfers or multi-tranche consideration.

Why it mattersThe reference to 'Record Date 3' indicates a phased scheme implementation requiring sequential shareholder record dates-a precedent-setting feature suggesting either a multi-leg slump/merger, or a demerger with staggered entitlements, and signals completion of earlier regulatory (likely NCLT and stock exchange) approvals.
SectorEnergy & Renewables
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