Please refer to the attached letter please

GAIL reported FY2026 standalone revenue of Rs 1,38,696.52 crore (up 1% YoY) but net profit fell 38% to Rs 6,968.30 crore from Rs 11,312.32 crore in FY2025. Consolidated net profit declined 39% to Rs 7,581.52 crore. The profit decline is partly due to FY2025 including a one-time exceptional income of Rs 2,440.03 crore from LNG supplier settlement, but also reflects operational challenges including geopolitical disruptions in West Asia affecting LNG supplies in March 2026. The company declared force majeure by Petronet LNG further impacted operations. The Board recommended a final dividend of Rs 0.50 per share (5%) in addition to Rs 5.00 interim dividend already paid. Auditors issued unmodified opinion with emphasis on contingent liabilities including Rs 3,768 crore CESTAT demand (disputed) and pending subsidy recovery of Rs 163.46 crore from Nagarjuna Fertilizers.