Mahanagar Gas Limited has submitted the Exchange a copy Srutinizers report of 30th Annual General Meeting held on August 22, 2025. Further, the company has informed the Exchange regarding voting results.
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Mahanagar Gas Limited (MGL) has filed the voting results and Scrutinizer's report for its 30th AGM held on August 22, 2025, through video conferencing. All six resolutions were passed with the required majority. Shareholders approved the adoption of the FY25 audited financial statements (standalone and consolidated), a final dividend of Rs. 18 per share (taking the total FY25 dividend to Rs. 30 per share along with the already-paid interim Rs. 12 per share), and the reappointment of Mr. Ashu Shinghal as a director, who retires by rotation. Other approvals included the appointment of M/s M P Sanghavi & Associates LLP as Secretarial Auditors for five years (FY26 to FY30), ratification of the Cost Auditor's remuneration for FY26, and approval of material related party transactions with GAIL (India) Limited.
Routine AGM outcomes with a positive shareholder takeaway in the form of the final dividend of Rs. 18 per share. The reappointment of Mr. Shinghal saw about 7% dissent from public institutional shareholders, while the promoter group abstained entirely from voting on the GAIL related-party transaction because of their interest, reducing effective turnout on that resolution to around 41% of outstanding shares — both are worth tracking but unlikely to materially affect the stock.