Adani Total Gas Limited has responded to queries from both BSE and NSE regarding significant movement in its stock price, clarifying that the fluctuation is purely market driven with no company-specific developments behind it.

Stock Exchange Query Response

The company issued its clarification on March 13, 2026, in response to emails from both major stock exchanges. The communication addressed surveillance queries from BSE (Reference No. L/SURV/ONL/PV/APJ/2025-2026/3434) and NSE (Reference No. NSE/CM/Surveillance/16573), both dated March 13, 2026.

Management's Position on Price Movement

The management emphasized that the price movement in the company's scrip is purely due to market conditions and absolutely market driven. The company specifically stated that management neither has any control nor knowledge of the reasons for the significant movement in the stock price.

This clarification follows standard regulatory practice where stock exchanges seek explanations from companies when their shares experience unusual price movements or trading volumes.

Regulatory Compliance Commitment

Adani Total Gas reaffirmed its commitment to regulatory compliance and transparency. The company stated that it has made and will continue to make all relevant disclosures in compliance with its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also confirmed its adherence to agreements with stock exchanges, ensuring that all material information affecting the company is disclosed in a timely manner to maintain market transparency and investor confidence.

Adani Total Gas has officially reported significant operational challenges stemming from Middle East geopolitical developments that have impacted its gas supply chain. The company confirmed that some gas suppliers have curtailed supply due to recent escalation of geopolitical developments in the Middle East region, which has directly affected supplies to industrial customers.

Government Regulatory Response

The Ministry of Petroleum and Natural Gas has issued the Natural Gas (Supply Regulation) Order, 2026 dated March 9, 2026, establishing priority allocations for gas supply amid ongoing Middle East disruptions. The order addresses supply constraints caused by disrupted liquefied natural gas shipments through the Strait of Hormuz, where suppliers have invoked force majeure clauses.

Priority Allocation Framework

The government order establishes four priority sectors for natural gas allocation. Priority Sector I includes domestic piped natural gas supply and compressed natural gas for transport, both receiving 100% of their past six months average consumption. Priority Sector IV covers industrial and commercial consumers supplied through city gas distribution networks, who will receive 80% of their historical consumption levels.

Company Response and Coordination

Adani Total Gas has confirmed it is actively assessing the impact of these developments and taking necessary steps to mitigate effects through coordination with respective authorities. The company appreciates the government's prompt efforts in issuing the regulatory order that accords priority for gas supplies to domestic PNG and CNG customers, as well as supply of PNG to industrial and commercial customers.

Market Impact and Implementation

The regulatory order provides an overriding effect on existing contractual arrangements and establishes a pooled pricing mechanism for diverted natural gas supplies. Gas marketing entities and city gas distribution companies must ensure priority allocations are maintained subject to operational availability. The order requires immediate compliance from all entities involved in natural gas production, import, marketing, transportation, and supply, with coordination through Gas Authority of India Limited and the Petroleum Planning and Analysis Cell.