Indraprastha Gas Limited has appointed Shri Kumar Shanker as its new Managing Director, effective June 05, 2026, replacing Shri Kamal Kishore Chatiwal. The leadership change follows a nomination by promoter GAIL (India) Limited. Shanker takes charge immediately, while Chatiwal has ceased to be a Managing Director & Director of the company and has been repatriated to GAIL.

Shri Kumar Shanker brings over 31 years of experience in the natural gas industry, covering commissioning, operations, project management, and regulatory functions. His expertise spans the City Gas Distribution (CGD) sector, regulatory matters, and corporate strategy. He previously served as the Managing Director of Maharashtra Natural Gas Limited (MNGL).

The appointment was made under Regulation 30 of the listing regulations. The company confirmed that Shanker has no relationship with other Directors and is not debarred from holding the office of Director by any SEBI order or other authority. A Board meeting regarding the matter was held on June 05, 2026, commencing at 04:30 PM and concluding at 05:30 PM.

Shanker has played a key role in policy and regulatory changes in the Indian natural gas sector over the past two decades. He has presented on policy matters to the Ministry of Petroleum & Natural Gas, NITI Aayog, and the Petroleum and Natural Gas Regulatory Board (PNGRB). Notably, he contributed to the introduction of the Unified Tariff for the National Gas Grid System.

Prior to joining Indraprastha Gas Limited, Shanker worked across various business verticals of GAIL in locations including Gujarat, Maharashtra, Madhya Pradesh, Uttar Pradesh, and New Delhi. He was instrumental in launching an online Pipeline Open Access Portal for booking common carrier capacity in GAIL's gas pipelines.

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.