Gujarat State Petronet Limited
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity…
What Gujarat files
- Others57
- Important20
- Updates11
- Board Meeting5
- Dividend/Bonus3
- JV/Acquisition2
GSPL announced its amalgamation into Gujarat Gas (GGL). Shareholders will receive 10 GGL shares (INR 2/- each) for every 13 GSPL shares (INR 10/- each). Trading in GSPL shares will be suspended. Post-merger, a gas transmission business demerges into GSPL Transmission.
The Composite Scheme of Arrangement is effective. GSPC, GSPL, and GSPC Energy have amalgamated into Gujarat Gas. The Gas Transmission Business demerged into GSPL Transmission. This significantly reorganizes the group structure.
MCA approved GSPL's group restructuring: GSPC, GSPL, GEL to merge into Gujarat Gas (GGL). GGL's gas transmission business demerges to GSPL Transmission (GTL), which sees its authorized capital increase by **Rs 700 Cr**. Share exchange ratios are set for GSPC, GSPL, and GGL shareholders.
Gujarat State Petronet (GSPL) received a tax rectification order for FY 2023-24. Its assessed income changed from Rs. 1,683 Cr to Rs. 1,435 Cr. The company confirmed this adjustment has no financial impact.
GSPL received an Income Tax order with an erroneous demand of Rs. 77.76 Cr, resulting from a calculation error where total income was overstated by Rs. 248 Cr. The company expects this demand to be nullified via rectification.