Adani Total Gas held its 21st Annual General Meeting (AGM) on June 25, 2026, via video conferencing, where all six resolutions on the agenda were passed with the requisite majority. The meeting addressed the adoption of financial statements for FY26, the declaration of dividend, and the re-appointment of directors. The remote e-voting facility was available from June 21, 2026, to June 24, 2026, with votes unblocked on June 25, 2026, at 6:15 p.m. in the presence of witnesses.

Voting Results Summary

Ravi Kapoor of Ravi Kapoor & Associates, the scrutinizer for the meeting, submitted a consolidated report confirming the outcomes. The resolutions included the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, and the declaration of dividend for FY26. Shareholders also approved the re-appointment of Mr. Gautam S. Adani and Dr. Sangkaran Ratnam as directors, who retire by rotation. Additionally, the remuneration payable to M/s. N D Birla & Co., Cost Auditors for FY27, was ratified.

Resolution Details

Shareholder Participation

The total number of shareholders on the record date, June 18, 2026, was 6,15,889. The voting participation included 588 members voting in favour across various resolutions via remote e-voting and e-voting during the AGM. Promoters and the promoter group held 822,663,480 shares, while public institutions held 209,729,044 shares. The detailed voting results have been uploaded to the company's website and the National Securities Depository Limited (NSDL) e-voting portal.

Adani Total Gas Limited has fixed Friday, June 12, 2026 as the record date to determine the entitlement of members eligible to receive the final dividend for FY 2025-26, pending approval at its upcoming Annual General Meeting. The company has also fixed Thursday, June 18, 2026 as the cut-off date for ascertaining the names of shareholders entitled to cast their votes electronically in respect of the businesses to be transacted at the AGM. The 21st Annual General Meeting (AGM) will be held on Thursday, June 25, 2026 at 5:00 p.m. IST through Video Conferencing and Other Audio-Visual Means, convened pursuant to the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key AGM Dates

The following table summarises the key dates associated with the 21st AGM:

The electronic copy of the notice convening the 21st AGM, which includes procedures for e-voting and the Integrated Annual Report for FY 2025-26, will be sent to members whose email IDs are registered with the company or depository participants. Members holding shares in demat form can register their email addresses with their depository participants, while those holding physical shares must register with the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or via email.

FY 2025-26 Financial Performance

Adani Total Gas delivered steady financial results for FY 2025-26 despite a challenging global energy environment marked by the West Asia conflict and elevated LNG prices. The following table presents the key standalone financial highlights:

On a consolidated basis, revenue from operations rose 18% to ₹6,408.53 crore from ₹5,411.68 crore in FY 2024-25, while consolidated EBITDA increased 6% year-on-year to ₹1,232.47 crore. Gas cost pressures, up approximately 23% year-on-year, meant that PAT saw a marginal moderation of 2% on a standalone basis. The cash profit for the year stood at ₹924 crore, up 3% year-on-year. Net Fixed Assets expanded by ₹703 crore to ₹5,969 crore, while gross debt increased by a contained ₹422 crore to ₹2,168 crore. Net Debt to EBITDA remained at a healthy 1.11x.

Operational Highlights

FY 2025-26 sales volume grew 14% year-on-year to 1,133 MMSCM, driven primarily by strong momentum in the CNG segment, where volumes rose 18% to 782 MMSCM. PNG volumes grew nearly 6% to 351 MMSCM. Across new geographical areas, volumes grew 32% year-on-year, with the newer GA volume mix improving to 38% from 32% in FY 2024-25. The following table summarises key operational metrics:

The company added nearly 1.4 lakh new PNG connections and 58 CNG stations during the year. Nine new City Gate Stations and one new LCNG station were commissioned during FY 2025-26. The company's credit rating was upgraded to AA+ (Stable) by ICRA, CRISIL, and CareEdge, reflecting financial discipline and balance sheet strength.

Dividend and AGM Business

The Board of Directors has recommended a final dividend of ₹0.25 (25%) per equity share of face value ₹1 each for FY 2025-26, subject to shareholder approval at the ensuing AGM. If approved, the dividend would involve a cash outflow of ₹27.5 crore. The dividend will be paid on or after June 26, 2026. The AGM notice was signed by Anil Agrawal, Company Secretary of Adani Total Gas Limited, on May 29, 2026.