Gail (India) Ltd

⚖️ GAIL's Subsidiary KLL Restructures Equity Share Capital – NCLT Approves Scheme

- Konkan LNG Limited (KLL), a subsidiary of GAIL (India) Limited, filed a Scheme for Reduction of Equity Share Capital in June 2025.

- The scheme involves the cancellation of 14,81,10,440 equity shares of KLL.

- The shares were held by GAIL and MSEB Holding Company Limited (MSEB) – 7,40,55,220 equity shares each.

- The National Company Law Tribunal (NCLT) approved the scheme on 3rd June 2026.

- Post-implementation, MSEB's stake in KLL will be reduced to Nil, and GAIL's shareholding will increase to 100%.