Adani Total Gas Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the re-appointment of Mr. Suresh P Manglani (DIN: 00165062) as Whole Time Director designated as Executive Director of the Company. The resolution was declared passed as an Ordinary Resolution on May 6, 2026, pursuant to the Postal Ballot Notice dated April 6, 2026. The e-voting facility was provided through National Securities Depository Limited (NSDL), with the voting window open from 9:00 a.m. IST on Tuesday, April 7, 2026, to 5:00 p.m. IST on Wednesday, May 6, 2026.

Postal Ballot Process Overview

The postal ballot was conducted in accordance with Section 110 and other applicable provisions of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Postal Ballot Notice was sent electronically to all members whose names appeared in the register of members as on Friday, April 3, 2026, the record date. In line with applicable MCA Circulars, no physical ballot notice was dispatched; all voting was conducted exclusively through the remote e-voting system. The Company also published a newspaper advertisement in Indian Express (English) and Financial Express (Gujarati) regarding dispatch of the Notice of Postal Ballot along with remote e-voting information on April 7, 2026.

Key details of the postal ballot process are summarised below:

Voting Results: Resolution No. 1

Mr. Raimeen Maradiya, Partner, Chirag Shah and Associates, Practicing Company Secretary, was appointed as the Scrutinizer to oversee the postal ballot process in a fair and transparent manner. Based on the Scrutinizer's report, the resolution received strong shareholder support. The following table presents the detailed voting outcome:

Since ~99.89% of total votes polled were cast in favour of the resolution and 0.11% were cast against, the resolution has been duly passed as an Ordinary Resolution with requisite majority.

Category-Wise Voting Breakdown

The Scrutinizer's report also provides a detailed breakdown of voting participation across shareholder categories. The Promoter and Promoter Group voted entirely in favour of the resolution, while Public Institutional and Non-Institutional shareholders also recorded majority support.

Notably, the Promoter and Promoter Group cast 100.0000% of their votes in favour of the resolution. Public Institutional shareholders recorded 98.7845% votes in favour on votes polled, while Public Non-Institutional shareholders voted 93.5666% in favour on votes polled.

Declaration and Compliance

The results were submitted by Scrutinizer Raimeen Maradiya (FCS No. 11283, CP No. 17554) and countersigned by Anil Agrawal, Company Secretary and Compliance Officer of Adani Total Gas Limited. The resolution outcome was communicated to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All registers, papers, and relevant records relating to the e-voting process will remain in the Scrutinizer's custody until the Chairman approves and signs the Minutes of the Resolution passed by way of Postal Ballot.

Adani Total Gas Limited delivered a robust operational and financial performance for the fourth quarter (January–March 2026) and the full fiscal year 2025-26, as highlighted during its Q4 FY26 Earnings Conference Call held on April 28, 2026. The company navigated a challenging global energy environment marked by geopolitical tensions in West Asia, supply chain disruptions, and currency volatility, while maintaining uninterrupted gas supply to consumers and sustaining volume growth across its core business segments.

Financial Performance: Q4 FY26 and Full Year FY26

Adani Total Gas posted consistent growth across key financial metrics for both the quarter and the full fiscal year. The following table summarises the reported financial highlights:

Executive Director and CEO Suresh P. Manglani noted that Q4 FY26 marked the company's highest-ever quarterly EBITDA, attributing this to the expanded operational footprint rather than growth from existing geographical areas alone. The full-year PBT was marginally lower by 1% to ₹863 crores, reflecting the impact of higher gas costs during the geopolitical crisis period.

Operational Highlights: Volume Growth and Network Expansion

The company reported strong volume momentum across both CNG and PNG segments during Q4 FY26 and the full fiscal year. Key operational metrics are presented below:

Of the 705 CNG stations, 140 are categorised as company-owned dealer-operated or dealer-owned dealer-operated (CODO/DODO) branded stations. The company serves 53 geographical areas in total — 34 directly and 19 through its 50-50 joint venture, IndianOil-Adani Gas Private Limited (IOAGPL). Management highlighted that on a daily basis, the company connects over 400 homes, 2 new businesses, lays approximately 3 kilometres of pipeline, and commissions 1 new CNG station every week.

Volume Segment Mix and Gas Sourcing

Management provided a detailed breakdown of volume composition and gas sourcing for Q4 FY26. In terms of volume segment mix, CNG and domestic PNG together accounted for approximately 78% of total volumes, while industrial volumes constituted approximately 20% and commercial approximately 2.5%.

On the sourcing side, Head of Gas Sourcing and Business Development Ravindra Desai outlined the following for CNG transport volumes during Q4 FY26:

The gas pool mechanism introduced by the government designated GAIL as the nodal agency and included APM gas, non-APM gas, HPHT gas, Vedanta gas, volumes redirected from fertilisers and ONGC consumption, and contracted LNG in later periods. The gas pool price for March 2026 was reported at $12.42 per MMBtu.

Consolidated Network with JV Partner IOAGPL

Including the IOAGPL joint venture, the combined nationwide network as reported by management stands as follows:

E-Mobility Business: ATEL Scales Rapidly

Adani Total Gas's e-mobility subsidiary, ATEL, continued to expand its EV charging infrastructure during the period. Key highlights include:

• 5,100 EV charge points operational across 26 states and union territories
• Coverage spanning 226 cities
• Supported by approximately 54 megawatts of installed capacity
• Target of 10,000 EV charging points identified as a near-term ambition

ESG Recognition and FY27 Outlook

Adani Total Gas received a CareEdge-ESG rating of 83 out of 100, placing it among top performers in its peer group. The company's NSE Sustainability score improved to 73 from 67. The company also received recognition at the National Process Safety Honors 2026 with the award for Excellence in City Gas Distribution.

On the outlook for FY27, Interim CFO Preyash Jhaveri indicated that the company expects revenue growth in line with FY26 levels, with newer geographical areas expected to contribute incrementally. The company is targeting EBITDA of approximately ₹1,500 crores for FY27, with EBITDA growth expected to track volume growth.