Mahanagar gas Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026. The submission was made on April 07, 2026, addressing regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Atul Prabhu signed the submission, ensuring proper documentation of the quarterly compliance requirements.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate. The registrar confirmed adherence to prescribed procedures for handling securities received from depository participants during the quarter.

Quarter Activity Summary

The registrar's certificate revealed no dematerialisation requests were received from shareholders during the quarter ended March 31, 2026. Despite the absence of such requests, the certificate was issued at the company's request to fulfill compliance obligations.

The confirmation covers several key aspects of the dematerialisation process:

• Securities received from depository participants were properly confirmed to depositories
• All security certificates received were mutilated and cancelled after verification
• Depository names were substituted in the register of members within prescribed timelines
• Listed securities maintained compliance with stock exchange requirements

Corporate Governance

This submission demonstrates Mahanagar Gas Limited's commitment to maintaining regulatory compliance and transparent corporate governance practices. The quarterly certificate ensures adherence to SEBI regulations governing depositories and participants, maintaining investor confidence through proper documentation and procedural compliance.

Mahanagar Gas has announced curtailment of gas supply to its industrial and commercial (I&C) customers following government directives prioritizing domestic and transport sectors. The company filed a regulatory intimation under SEBI Listing Regulations citing geopolitical developments impacting global energy markets and subsequent government orders affecting gas distribution priorities.

Government Order Details

The Ministry of Petroleum and Natural Gas issued the Natural Gas (Supply Regulation) Order, 2026 dated March 09, 2026, establishing a priority framework for natural gas distribution. The order prioritizes supply to Domestic Pipeline Natural Gas (DPNG) and Compressed Natural Gas (CNG) sectors while advising curtailment of gas supply to industrial and commercial customers.

Supply Disruption Context

The regulatory filing indicates that geopolitical developments in the Middle East have disrupted liquefied natural gas shipments through the Strait of Hormuz. Gas suppliers have invoked force majeure clauses, leading to supply curtailments that have impacted the company's ability to serve industrial and commercial customers at normal levels.

Company Response and Compliance

Mahanagar Gas confirmed it has initiated necessary steps to align its gas supply distribution in accordance with the prescribed government directions. The company is currently assessing the impact of these developments and monitoring the situation closely for material updates.

The company stated it will inform stock exchanges of any material updates or developments as the situation evolves. This curtailment represents a significant operational adjustment as industrial and commercial segments typically constitute substantial portions of city gas distribution networks.