Mahanagar Gas Limited has informed the Exchange regarding appointment of Shri Deepak Gupta (DIN: 09503339), as an Additional Director in the category of Non-Executive Non-Independent Director designated as Chairman of the Company with effect from March 01, 2026, until further orders from GAIL (India) Limited, subject to approval of shareholders of the Company.
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Mahanagar Gas Limited announced a change in its Chairman position effective March 1, 2026. The existing Chairman, Shri Sandeep Kumar Gupta, will cease to be Director and Chairman following GAIL (India) Limited's withdrawal of his nomination on February 27, 2026. In his place, Shri Deepak Gupta (DIN: 09503339) has been appointed as Additional Director in the Non-Executive Non-Independent category, designated as Chairman, until further orders from GAIL. Deepak Gupta is a mechanical engineer with 35 years of experience in the Oil & Gas sector, a certified Project Management Professional, and has led major projects including the $19 billion Dangote Refinery in Nigeria. His appointment is subject to shareholder approval. GAIL (India) Limited is the promoter of Mahanagar Gas, so this represents a routine promoter-nominated leadership change.
This is a routine succession change at the board level initiated by the promoter GAIL (India) Limited. Since the Chairman role is non-executive and both outgoing and incoming directors are GAIL nominees, there is no material disruption expected to operations or strategy. Investors should note the appointment is subject to shareholder approval.