Indraprastha Gas Limited has appointed Shri Ajai Tyagi as the Head of Department (Business Development & Corporate Strategy) effective June 01, 2026. Tyagi succeeds Shri Sanjeev Kumar Bhatia, who previously held the position. The change in senior management was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Transition Details

The appointment marks a structural change within the company's business development and corporate strategy functions. The transition is effective immediately from the specified date, ensuring continuity in the company's strategic operations.

The company has complied with the necessary regulatory disclosure requirements to inform the market of this leadership change.

Indraprastha Gas Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, certified by Agarwal S. & Associates, confirms that the company has complied with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations during the review period.

Compliance Status and Observations

The practicing company secretary reported that the listed entity has largely adhered to regulatory requirements. However, the report highlighted specific observations regarding the company's adherence to certain regulations. Notably, the company's Related Party Transactions (RPT) Policy was last updated on April 29, 2022, and has not been reviewed within the mandated three-year period under Regulation 23(1) of the SEBI LODR Regulations. The company informed the certifiers that the review process is currently underway.

Previous Non-Compliances and Remedial Actions

The report detailed actions taken to address observations from the previous fiscal year. Specifically, the company had faced monetary penalties from the National Stock Exchange (NSE) and BSE for non-compliance with Regulation 17(1) of the SEBI LODR Regulations regarding board composition. The fines were levied due to a shortfall in the required number of independent directors during specific quarters in 2024.

To rectify the situation, the company appointed Smt. Namita Pradhan and Dr. Manish Sitaram Dabhade as Independent Directors on August 16, 2024. Following these appointments, the Board composition was brought into compliance with SEBI Listing Regulations.

Key Compliance Metrics

The report verified the status of several other critical compliance parameters. The company confirmed that all applicable policies under SEBI Regulations have been adopted by the Board. Furthermore, the entity maintains a functional website with accurate web-links for corporate governance reports and preserves documents as prescribed.