Declaration of Voting Results of Postal Ballot and Scrutinizer''s Report
MGL · price
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Mahanagar Gas Ltd shareholders have approved two key appointments through postal ballot voting that concluded on May 19, 2026. Mr. Deepak Gupta, nominee of GAIL (India) Limited, was appointed as Non-Executive Non-Independent Director and designated Chairman with 92.73% shareholder approval. Mr. Praveer Kumar Srivastava was appointed Managing Director with 94.78% approval. Both resolutions were Ordinary Resolutions and passed with the requisite majority under the Companies Act, 2013. Total voter turnout was 83.35% of outstanding shares across both resolutions. The scrutinizer, M/s Umesh Pawaskar & Co., confirmed all votes were valid with no invalid votes recorded.
The appointments bring continuity to Mahanagar Gas leadership with strong shareholder backing. The GAIL nominee taking the Chairman role signals continued parentage influence, while the Managing Director appointment provides clarity on executive leadership.