| 21 May 2015 14:11 | Suspension of trading in equity shares |
Members of the Exchange are hereby informed that the trading in equity shares of Gujarat Gas Company Limited shall be suspended w.e.f. May 27, 2015 (i.e closing hours of trading on May 26, 2015) on account of Scheme of Amalgamation with GSPC Distribution Networks Limited (Gujarat Gas Limited). |
| 19 May 2015 11:48 | Record Date |
Gujarat Gas Limited has informed the Exchange that the Company has fixed Record Date as May 28, 2015 for the purpose of determining the names of the shareholders of Gujarat Gas Company Limited the erstwhile Gujarat Gas Financial Services Limited and erstwhile GSPC Gas Company Limited, who would be entitled to receive equity shares of Gujarat Gas Limited (formerly known as GSPC Distribution Networks Limited) for their equity shares held, pursuant to the Scheme . |
| 19 May 2015 11:05 | Scheme of Arrangement |
Gujarat Gas Company Limited has informed the Exchange that the Composite Scheme of Arrangement in nature of amalgamation of erstwhile GSPC Gas Company Limited, erstwhile Gujarat Gas Company Limited, erstwhile Gujarat Gas Financial Services Limited and erstwhile GujaratGas Trading Company Limited with Gujarat Gas Limited (formerly known as GSPC Distribution Networks Limited and Restructuring of share capital of Gujarat Gas Limited (the "Scheme"): 1. The Scheme has come in to operation from the Effective Date, being May 14, 2015 and pursuant to the provisions of the Scheme, with effect from May 15, 2015, the name of GSPC Distribution Networks Limited, the Amalgamated Company, has been changed to Gujarat Gas Limited with the permission of the Registrar of Companies, Ahmedabad and Gujarat Gas Limited has achieved the consummation of Amalgamation. |
| 18 May 2015 03:29 | Scheme of Arrangement |
Gujarat Gas Company Limited has informed the Exchange vide letter dated May 15, 2015, that on May 14, 2015, the Company has filed with the Registrar of Companies, Ahmedabad, in E-form INC -28, the Order of the Honorable High Court of Gujarat at Ahmedabad, sanctioning the Composite Scheme of Arrangement in nature of amalgamation of GSPC Gas Company Limited , Gujarat Gas Company Limited, Gujarat Gas Financial Services Limited and Gujarat Gas Trading Company Limited with GSPC Distribution Networks Limited and Restructuring of share capital of GSPC Distribution Networks Limited (the "Scheme") under Sections 391 to 394 read with Section 100 to 103 and other applicable provisions of the Companies Act, 1956. With the above stated filing, the merger of Gujarat Gas Company Limited along with other Transferor Companies , in to GSPC Distributions Networks Limited (GDNL), the transferee/surviving entity, has been consummated. |
| 12 May 2015 12:45 | Resignation of Director |
Gujarat Gas Company Limited has informed the Exchange that Mr. M.K. Das, IAS has resigned as Director from the Board of Directors of the Company. |
| 8 May 2015 10:50 | Updates |
Gujarat Gas Company Limited has informed the Exchange that under Company's Employee Stock Option Plan 2008, as per the exercise mandate from the Option holder for Options Vested, IDBI Trusteeship Services Limited (ITSL), the Trustee of the Company Employee Welfare Stock Option Trust, as per the said mandate, has sold total of 12,500 Equity Shares of the face value of Rs.2/- each of the company as on May 7, 2015. |
| 23 Apr 2015 13:53 | Financial Result Updates |
Gujarat Gas Company Limited, Gujarat Gas Company Limited has submitted to the exchange the standalone & consolidated financial results along with the Auditors Report for the period ended 31-Mar-2015. |
| 22 Apr 2015 07:17 | Updates |
Gujarat Gas Company Limited has informed the Exchange vide letter dated April 22, 2015 that "This is in furtherance to our letter dated March 31, 2015, intimating therein about the oral order passed by the Honorable High Court of Gujarat at Ahmedabad, sanctioning the Composite Scheme of Arrangement in nature of amalgamation of GSPC Gas Company Limited, Gujarat Gas Company Limited, Gujarat Gas Financial Services Limited and Gujarat Gas Trading Company Limited with GSPC Distribution Networks Limited and Restructuring of share capital of GSPC Distribution Networks Limited (the "Scheme") under Sections 391 to 394 read with Section 100 to 103 and other applicable provisions of the Companies Act, 1956". |
| 15 Apr 2015 11:39 | Trading Window |
Gujarat Gas Company Limited has informed the Exchange that , the Trading Window for transactions in the equity shares of the Company has been closed from April 01, 2015 to April 24, 2015 (both days inclusive) inter alia, for the purpose of announcement by the Company of the audited financial results. |
| 15 Apr 2015 03:23 | Updates |
Gujarat Gas Company Limited has informed the Exchange that "Pursuant to the letter dated April 01, 2015 from PNGRB , received by GGCL on April 10, 2015 granting GGCL an authorisation to lay, build, operate, or expand city or local natural gas distribution network ("CGD network") for the geographical area of Thane (excluding areas already authorized), GGCL has accepted the authorisation in Schedule D of the PNGRB vide a confirmation letter to PNGRB, on April13, 2015. As per the provisions of the PNGRB (Exclusivity for City or Local Natural Gas Distribution Networks) Regulation, 2008, GGCL has been granted 300 months of infrastructure exclusivity i.e. valid up to April 01, 2040 and 60 months of marketing exclusivity valid up to April 01, 2020 for the CGD network. Further, the Authorised area for laying, building, operating or expanding the proposed CGD Network shall cover a geographical area of 8,683 sq. km." |
