Mahanagar Gas Receives NCLT Approval for Subsidiary Amalgamation
Mahanagar Gas Limited (MGL) has received NCLT approval for the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL). The NCLT order was pronounced on July 9, 2025, and MGL received the certified copy on July 23, 2025. The scheme will become effective upon filing with the Registrar of Companies. This development follows previous disclosures made by the company regarding the amalgamation scheme.

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Mahanagar Gas Limited (MGL), a leading city gas distribution company, has reached a significant milestone in its corporate restructuring efforts. The company recently announced that it has received the certified true copy of an order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL), with itself.
Key Details of the Amalgamation
- The NCLT pronounced the order on July 9, 2025, and MGL received the certified copy on July 23, 2025.
- The scheme will become effective upon filing the order with the Registrar of Companies, Maharashtra at Mumbai by both the transferor (UEPL) and transferee (MGL) companies.
- This development follows previous disclosures made by the company on October 24, 2024, November 11, 2024, and July 9, 2025, regarding the amalgamation scheme.
Implications and Next Steps
The amalgamation is expected to streamline operations and potentially lead to improved operational efficiency for Mahanagar Gas Limited. The company will now proceed with the necessary filings to complete the amalgamation process.
About Mahanagar Gas Limited
Mahanagar Gas Limited is one of the largest city gas distribution companies in India, with a strong presence in Mumbai and its adjoining areas. The company provides Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) services to various customer segments.
Recent Financial Performance
While not directly related to the amalgamation news, it's worth noting that MGL has recently reported its financial results for the quarter ended June 30, 2025:
Metric | Value (₹ crore) | YoY Change |
---|---|---|
Revenues | 1,975.92 | +24.30% |
EBITDA | 485.36 | +15.98% |
PAT | 324.32 | +13.98% |
EPS | 32.83 | +14.00% |
Operational Highlights
As of the latest reported data:
- MGL serves over 2.85 million PNG household connections
- The company operates 385 CNG stations
- It caters to approximately 1.13 million CNG vehicles
- MGL's pipeline network extends over 7,539 kilometers
The amalgamation of Unison Enviro Private Limited with Mahanagar Gas Limited marks a significant step in the company's corporate strategy. As the process moves forward, stakeholders will be keenly watching how this consolidation impacts MGL's operations and market position in the city gas distribution sector.
Historical Stock Returns for Mahanagar Gas
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.41% | -8.70% | -4.55% | +9.66% | -21.26% | +37.72% |