Shekhar Madhukar Nagwekar has resigned from the position of Chief Financial Officer at Southern Gas Ltd , effective August 14, 2026. The resignation, submitted on July 15, 2026, was attributed to personal reasons and the pursuit of new professional opportunities. Nagwekar will be relieved from his duties at the close of business hours on the effective date.

The company disclosed the development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that Nagwekar served as a Key Managerial Personnel (KMP) and that his resignation has been accepted by the Board of Directors.

Nagwekar stated there are no material reasons for his departure other than those disclosed and confirmed no other matters require reporting under applicable laws. He pledged full cooperation to ensure a smooth transition and orderly handover of responsibilities to the designated personnel.

Resignation Details

Southern Gas Limited reported a 49.3% rise in net profit for the financial year ended March 31, 2026, to ₹270.42 crore, compared to ₹181.16 crore in the previous year. Revenue from operations for the year increased to ₹3,684.49 crore from ₹3,571.20 crore in FY25. The board recommended a final dividend of ₹60 per equity share, subject to shareholder approval at the ensuing Annual General Meeting.

The standalone financial results were approved by the Board of Directors during its meeting held on May 28, 2026. For the quarter ended March 31, 2026, the company posted a net profit of ₹72.33 crore, up from ₹41.70 crore in the corresponding quarter of the previous year. Total revenue from operations for the quarter stood at ₹948.69 crore.

Financial Performance

The company’s total income for FY26 rose to ₹3,795.38 crore from ₹3,692.51 crore in the prior year. Total expenses for the year were reported at ₹3,428.02 crore, slightly lower than the ₹3,457.39 crore recorded in FY25. Profit before tax for the year increased to ₹367.36 crore from ₹235.12 crore.

Dividend and Appointments

The Board recommended a final dividend of ₹60 per equity share, having a face value of ₹100 each, for FY26. The dividend will be paid or dispatched within 30 days from the date of the Annual General Meeting. Additionally, the Board re-appointed M/s. M.B. Rama Bhat & Associates as Internal Auditors for the Karnataka Unit and M/s. S B R V and Co as Internal Auditors for the Kerala Unit for the financial year 2026-27.

Auditor's Report

M/s. M. R. Hegde & Associates, Chartered Accountants, the Statutory Auditors, issued an audit report with an unmodified opinion on the audited standalone financial results for the year ended March 31, 2026. The auditors confirmed that the financial results present a true and fair view in conformity with Indian Accounting Standards.