GAIL (India) Limited has informed the Exchange regarding Change in Director(s) of the company.

Multiple Ind Directors ResignedManagement Changes View source PDF

GAIL · price

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Price reaction · full curve 14 horizons · vs prior close

+2.9%1-day move

₹136.91

prior close

₹135.89

base price

After-mkt

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AI summary

GAIL (India) has informed the exchanges that four Non-Official Independent Directors — Shri Akhilesh Jain, Shri Sanjay Kashyap, Smt. Kangabam Inaocha Devi, and Shri Yajurvendra Anil Mahajan — ceased to be on the Board effective March 28, 2026, upon completion of their tenure. These directors were appointed by the Ministry of Petroleum & Natural Gas, Government of India. The disclosure is made under SEBI Listing Regulations. The company is a Maharatna PSU, and these positions will likely be filled by the government through the usual appointment process.

Likely market impact

This is a routine governance update — no business impact expected. However, with four independent directors exiting simultaneously, there may be a temporary gap in board committee composition (audit, nomination, etc.) until new appointees are named, which shareholders should monitor.