Indraprastha Gas Limited has announced a comprehensive restructuring of its senior management with the appointment of seven new Heads of Department (HODs) across key operational areas. The appointments, disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, will take effect from April 01, 2026.

New Leadership Appointments

The company has strategically positioned experienced professionals across critical operational divisions to strengthen its management structure. All seven appointees bring substantial experience in the City Gas Distribution (CGD) sector, with tenure ranging from 19 to 29 years in oil and gas operations.

Professional Backgrounds

The newly appointed HODs represent a diverse mix of engineering expertise and specialized qualifications. Shri Manoj Kumar Gupta, taking charge of CNG and LNG Marketing & Gas Sourcing, brings the most extensive experience with 29 years in the Oil & Gas sector, including previous tenure at BPCL since 1996. His educational background includes a degree in Electrical Engineering from Birla Institute of Technology, Mesra, Ranchi.

Shri Deep Chand Jain, appointed as HOD - Projects, contributes 26 years of CGD sector experience, having joined IGL in 2000. Several appointees, including Shri Bhudev Singh (PNG O&M) and Shri Hemant Singh (Fire & Safety), hold Mechanical Engineering degrees and have been with the company since the early 2000s.

Strategic Organizational Structure

The appointments reflect IGL's focus on operational excellence across its core business segments. The segregation of responsibilities includes dedicated leadership for Piped Natural Gas (PNG) operations and marketing, Compressed Natural Gas (CNG) operations and marketing, project management, and safety protocols. Shri Amandeep Singh Narang's appointment to PNG Marketing, Customer Care & Advocacy brings specialized expertise with his MBA in Marketing and PG Diploma in Journalism.

Regulatory Compliance

The disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30 pertaining to changes in senior management. The announcement was signed by Vivek Sahay, Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 31, 2026.

This management restructuring positions Indraprastha Gas Limited with experienced leadership across all major operational verticals as the company continues its operations in the CGD sector. The appointments become effective from April 01, 2026, marking a new phase in the company's organizational structure.

Indraprastha Gas Limited has announced a postal ballot notice dated February 20, 2026, seeking shareholder approval for material related party transactions totaling Rs. 21,700 crores for Financial Year 2026-27. The company has engaged KFin Technologies Limited to provide remote e-voting facility to its members.

E-Voting Schedule and Process

The remote e-voting period is scheduled to commence on Monday, March 02, 2026 at 09:00 hours IST and will conclude on Tuesday, March 31, 2026 at 17:30 hours IST. The postal ballot notice will be sent electronically only to members whose email addresses are registered with the company or depositories.

Material Related Party Transaction with GAIL (India) Limited

The company seeks approval for transactions worth Rs. 17,732 crores with GAIL (India) Limited for Financial Year 2026-27. GAIL, one of the promoters holding 22.50% equity stake in IGL, serves as the sole supplier of domestic gas authorized by the Ministry of Petroleum and Natural Gas.

The major transactions include:

• Purchase of Term RLNG, Domestic Gases (APM, NAPM, NWG, CBG), and Spot RLNG: Rs. 17,450 crores
• Transportation of natural gas: Rs. 182 crores
• Connectivity charges and other reimbursements: Rs. 100 crores

Material Related Party Transaction with BPCL

The second resolution seeks approval for transactions worth Rs. 3,968 crores with Bharat Petroleum Corporation Limited for Financial Year 2026-27. BPCL, also a promoter company holding 22.50% equity stake, engages in refining crude oil and marketing petroleum products.

The proposed transactions comprise:

• Sale of CNG: Rs. 2,127 crores
• Purchase of RLNG from BPCL: Rs. 292 crores
• Reimbursements and facility charges: Rs. 80 crores

Regulatory Compliance and Justification

Both transactions qualify as material related party transactions under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as they exceed 10% of the company's annual consolidated turnover. The GAIL transaction represents 107.68% of IGL's annual consolidated turnover, while the BPCL transaction accounts for 24.09%.

The Audit Committee and Board of Directors have reviewed and approved these transactions, confirming they are conducted at arm's length basis and are essential for the company's day-to-day business operations. All related parties will abstain from voting on the respective resolutions.

Corporate Governance Framework

The postal ballot notice is available on the company's website at www.iglonline.net and on KFin Technologies' e-voting portal. Members holding shares as of the cut-off date of February 19, 2026, are eligible to participate in the voting process. The company has appointed M/s Agarwal S. & Associates as scrutinizers to ensure a fair and transparent voting process.