News ArticleGAIL India Ltd Transfers Six CGD Areas to GAIL Gas Ltd via Slump Sale Effective January 2027
Board approval obtained on October 30, 2026, for transferring Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha CGD geographical areas to its wholly owned subsidiary
GAIL India Ltd. approved the transfer of six City Gas Distribution (CGD) geographical areas—Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha—to its wholly owned subsidiary, GAIL Gas Ltd. The business transfer will occur through a slump sale agreement effective from January 1, 2027, as disclosed on October 30, 2026.
GAIL India Ltd
Corporate Action
GAIL India Ltd announced the transfer of six City Gas Distribution geographical areas to its wholly owned subsidiary GAIL Gas Ltd, effective January 1, 2027, through a slump sale agreement.
The six CGD geographical areas being transferred are Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha.
The Board of Directors of GAIL India Ltd approved the transfer in their meeting held on October 30, 2026, which started at 11:00 a.m. and concluded at 2:25 p.m.
The transfer will be executed by a Business Transfer Agreement on a going concern basis, effective from January 1, 2027.
This transaction is a related party transfer from GAIL India Ltd to its wholly owned subsidiary, GAIL Gas Ltd.
The disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Highlights
- Six CGD geographical areas approved for transfer by GAIL India Ltd Board on October 30, 2026.
- Effective date of the business transfer set as January 1, 2027.
- Transfer executed via slump sale and Business Transfer Agreement on going concern basis.
- GAIL Gas Ltd is a wholly owned subsidiary of GAIL India Ltd.
- Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha CGD areas included in the transfer.
Key Data Snapshot
What happened
- GAIL India Ltd Board approved the transfer of six CGD geographical areas to its wholly owned subsidiary GAIL Gas Ltd on October 30, 2026.
- The transfer is through a slump sale and Business Transfer Agreement on a going concern basis.
- The transfer will take effect from January 1, 2027.
Key details
- Six CGD geographical areas involved: Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha.
- The transaction is categorized as a related party transaction, given the transfer is from GAIL India Ltd to its wholly owned subsidiary.
- The Board meeting for approval lasted from 11:00 a.m. to 2:25 p.m. on October 30, 2026.
- The disclosure is in compliance with SEBI (LODR) Regulations, 2015.
Regulatory and governance context
- Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015.
- Involves related party transfer due to entity ownership structures.
Highlights
- Six CGD geographical areas approved for transfer by GAIL India Ltd Board on October 30, 2026.
- Effective date of the business transfer set as January 1, 2027.
- Transfer executed via slump sale and Business Transfer Agreement on going concern basis.
- GAIL Gas Ltd is a wholly owned subsidiary of GAIL India Ltd.
- Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha CGD areas included in the transfer.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Transfer to wholly owned subsidiary GAIL Gas Ltd
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