What was filed
GAIL (India) Limited told the exchanges that the Scheme for Reduction of Equity Share Capital of its subsidiary Konkan LNG Limited (KLL) has been implemented, following the National Company Law Tribunal (NCLT) order dated 3 June 2026 approving the scheme. Per the filing, consideration was remitted to GAIL on 6 July 2026, and KLL informed that consideration was also remitted to MSEB Holding Company Limited (MSEB) on the same date.
What changed at Konkan LNG
On payment of consideration to shareholders, a block of equity shares held jointly by GAIL and MSEB in KLL was cancelled and extinguished. The company said MSEB's holding in KLL has reduced to nil, while GAIL's shareholding has risen to 100% of KLL's equity share capital. In effect, KLL moves from a co-held structure to a wholly owned subsidiary of GAIL.
Context from the filing
The disclosure continues an earlier communication of the same reference dated 10 June 2026, and is made under Regulation 30 of the SEBI LODR Regulations. The filing does not state the amount of consideration remitted to either GAIL or MSEB.