Shri Manoj Kumar Sharma appointed as Additional Director (Projects) of GAIL

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GAIL · price

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹172.10

prior close

₹172.96

announcement price

In-mkt

timing

Nifty 100market+0.5%+0.5% vs market

Gas peers, median of 8sector · industry level+1.6%-0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.6 pts less than its Gas peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+1.0+0.5+0.5+1.6-0.6

Next day

+0.4+0.7-0.4+1.1-0.7

-0.2+0.4-0.6-0.3+0.1

+0.8+1.0-0.2+1.8-1.0

+1.0-0.7+1.7+0.5+0.6

+0.3-0.3+0.6+0.5-0.2

-1.2-2.4+1.2-1.0-0.2

15d

-3.0-3.9+0.9-3.5+0.5

-2.8-2.0-0.8-3.6+0.8

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UpDownMarket · Nifty 100Sector · Gas peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GAIL Board approved appointment of Shri Manoj Kumar Sharma (DIN 08821234) as Additional Director (Projects) on 18.09.2026. He was nominated by the Ministry of Petroleum and Natural Gas, Government of India, from Indian Oil Corporation where he is Executive Director. Sharma holds a Masters in Mechanical Engineering from DCE and a PGDBM from XIMB, with 30+ years across oil and gas pipeline projects. Tenure runs till 30.04.2031 or further orders. No inter-se relation with other directors.

Likely market impact

Routine government nomination bringing senior PSU pipeline expertise to GAILs board. Likely neutral for shareholders with no immediate financial implications.