Mahanagar Gas Limited has informed the Exchange regarding Cessation of Mr. Sanjay Shende as Deputy Managing Director of the company with effect from the close of business hours on August 22, 2025.
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Mahanagar Gas Limited has informed stock exchanges that Mr. Sanjay Shende (DIN: 09172642) ceased to be the Deputy Managing Director of the company with effect from close of business hours on August 22, 2025. The reason is the withdrawal of his nomination by GAIL (India) Limited, the promoter of MGL, as per the Articles of Association of the company. As a result, he also ceases to be a Director and chairman/member of various board committees. This is not a personal resignation but a promoter-driven board change.
This is a board-level change at the promoter level — GAIL, the promoter, has recalled its nominee from MGL's board. Investors should watch for an official announcement regarding the appointment of a new GAIL nominee as Deputy Managing Director. Short-term governance continuity may be a concern until a replacement is named.