Mahanagar Gas Limited has announced the retirement of Mr. Rajesh Wagle, Senior Vice President, Marketing, effective June 01, 2026. The retirement is due to superannuation, marking the end of his tenure as a Senior Management Personnel of the company. This leadership change impacts the marketing division of the natural gas distributor operating primarily in Mumbai and its surrounding areas.

Regulatory Compliance

The disclosure was submitted to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing specifically addresses the change in the senior management of the company. Additionally, the communication references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full procedural adherence.

Details of the Change

The following table summarizes the key details regarding the management change:

The company confirmed that Mr. Wagle's cessation from the role is effective immediately upon his retirement date. The notification was signed by Atul Prabhu, Company Secretary & Compliance Officer of Mahanagar Gas Limited, on May 31, 2026.

Mahanagar Gas (MGL) has announced a hike in compressed natural gas (CNG) prices by ₹2 per kg in the Mumbai Metropolitan Region. The latest revision adds to a broader pattern of upward price movements by the company across its operating areas.

CNG Price Hike in Mumbai Metropolitan Region

The price increase of ₹2 per kg in the Mumbai Metropolitan Region marks the latest in a series of CNG price revisions carried out by Mahanagar Gas. The hike is expected to impact consumers and commercial users relying on CNG as a fuel source in the region.

Recent Price Revisions Across Delhi

In addition to the Mumbai Metropolitan Region hike, CNG prices in Delhi have also seen repeated upward revisions, with four consecutive hikes of ₹2 per kg each recorded within a span of two weeks. These successive increases have cumulatively impacted consumers in the Delhi market who depend on CNG as a primary fuel.

Subsidies for Commercial Users

Alongside the price revisions, Mahanagar Gas has also been reported to offer subsidies for commercial users. This measure appears aimed at providing some relief to the commercial segment amid the rising CNG prices. The combination of retail price hikes and targeted subsidies for commercial consumers reflects a differentiated pricing approach by Mahanagar Gas in the current environment.