Redesignation of Mr. Suresh P Manglani from Executive Director & Chief Executive Officer to ''Executive Director'' w.e.f. closure of business hours on May 21. 2026 and Appointment of Mr. ....
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Adani Total Gas Limited announced a leadership transition effective May 21-22, 2026. Mr. Suresh P. Manglani has been redesignated from Executive Director & Chief Executive Officer to Executive Director, stepping down from the CEO role after approximately 8 years with the company (since September 2018). Mr. Sanjay Pandita has been appointed as the new CEO effective May 22, 2026. The company stated this is part of succession planning. Mr. Pandita brings over 25 years of experience in the energy sector, including roles at RIL/Jiobp Mobility Solutions, Mahanagar Gas Limited, Gujarat Gas Limited, and Nayara Energy. Mr. Manglani remains on the board as Executive Director with unchanged terms, and the company confirmed he is not debarred from holding any directorship.
This is a planned leadership transition rather than an abrupt departure, which is generally viewed positively by markets. The incoming CEO brings extensive energy sector experience, which could provide continuity in the company's strategic direction. Shareholders should monitor whether the new leadership maintains the company's growth trajectory.