GAIL Director Mittal ceases to be Director w.e.f. May 16

0 min read     Updated on 21 May 2026, 10:12 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

GAIL (India) Limited has informed the exchanges that Shri Kushagra Mittal has ceased to be a Government Nominee Director effective May 16, 2026, following the completion of his three-year tenure.

powered bylight_fuzz_icon
40755490

*this image is generated using AI for illustrative purposes only.

GAIL (India) Limited has informed the exchanges regarding a change in its directorate. Shri Kushagra Mittal, who served as a Government Nominee Director, has ceased to be a Director of the company. The cessation of his directorship is effective from May 16, 2026.

The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the change pertains specifically to the Government Nominee Director position held by Mittal.

Director Details

The following table outlines the key details of the director who has ceased to hold the position:

Name DIN Position Cessation Date
Shri Kushagra Mittal 09831741 Government Nominee Director May 16, 2026

GAIL (India) Limited is a Government of India undertaking and holds the status of a Maharatna company. The registered office is located at GAIL Bhawan, 16 Bhikaji Cama Place, R.K. Puram, New Delhi.

Historical Stock Returns for GAIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.95%+1.99%+0.31%+0.11%-13.76%+49.28%

Who will the Government of India appoint as the new Nominee Director on GAIL's board, and what profile or background might the replacement bring?

How might the temporary vacancy in the Government Nominee Director position influence key strategic decisions or board approvals at GAIL in the near term?

Could this directorate change signal a broader reshuffling of government-appointed positions across other Maharatna PSUs in the coming months?

GAIL (India) Ltd. Records Rs. 16.50 Crore Block Trade on NSE at Rs. 161.78 Per Share

0 min read     Updated on 15 May 2026, 06:18 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

GAIL (India) Ltd. recorded a block trade on the NSE involving approximately 1,019,741 shares at Rs. 161.78 per share, aggregating to a total transaction value of Rs. 16.50 crores. Block trades of this scale are typically associated with institutional participation and are executed outside the open market to limit price impact. The transaction highlights notable activity in GAIL (India) Ltd. shares on the NSE.

powered bylight_fuzz_icon
40394880

*this image is generated using AI for illustrative purposes only.

GAIL (India) Ltd. was at the centre of a notable block trade executed on the National Stock Exchange (NSE), with the transaction valued at Rs. 16.50 crores. The deal involved approximately 1,019,741 shares transacted at a price of Rs. 161.78 per share.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded for GAIL (India) Ltd. on the NSE:

Parameter: Details
Exchange: NSE
Trade Value: Rs. 16.50 crores
Number of Shares: ~1,019,741
Trade Price: Rs. 161.78 per share

Transaction Overview

Block trades are large, privately negotiated securities transactions that are executed outside of the open market to minimize the impact on the prevailing market price. The GAIL (India) Ltd. block trade on the NSE, encompassing approximately 1,019,741 shares at Rs. 161.78 apiece, aggregated to a total deal size of Rs. 16.50 crores. Such transactions are typically associated with institutional investors and are a key indicator of significant interest in the stock at the traded price level.

Historical Stock Returns for GAIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.95%+1.99%+0.31%+0.11%-13.76%+49.28%

Which institutional investor was behind the GAIL block trade, and does their history of investments signal a long-term bullish stance on India's energy sector?

How might this block trade influence GAIL's stock price trajectory in the near term, particularly if additional large institutional positions are accumulated?

Could this transaction be linked to anticipated policy changes or regulatory developments in India's natural gas distribution sector that may benefit GAIL?

More News on GAIL

1 Year Returns:-13.76%