Mahanagar Gas: Praveer Kumar Srivastava appointed MD from Apr 30, 2026

Ceo ResignedCeo Appointed ExternalManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+0.4%1-day move

₹1073.00

prior close

₹1060.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.7-0.6-0.9-1.2+0.4+2.0+5.3+6.1+6.6+6.5+9.0-2.5+6.0+3.4

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AI summary

Mahanagar Gas announced Mr. Praveer Kumar Srivastava's appointment as Managing Director for 5 years starting April 30, 2026, replacing Mr. Ashu Shinghal who ceases as MD on the same date. The change follows GAIL (India) Limited's nomination withdrawal for Mr. Shinghal. Mr. Srivastava, currently Executive Director (Western Region) at GAIL, brings 30+ years of experience in gas processing, pipeline operations, and clean energy projects. Appointment is subject to shareholder approval.

Likely market impact

Parent GAIL-driven MD transition; smooth changeover expected with strategic continuity in city gas operations.