Mahanagar Gas Limited has announced that its Board of Directors will convene on February 07, 2026, to review the company's quarterly financial performance and consider dividend distribution to shareholders. The meeting has been scheduled in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address two primary matters of significant importance to stakeholders:

Trading Window Restrictions

In compliance with regulatory requirements, Mahanagar Gas Limited has implemented trading restrictions for designated persons. The company has closed the trading window for all designated persons and their immediate relatives from January 01, 2026. This restriction will remain in effect until 48 hours after the declaration of the unaudited standalone and consolidated financial results to the stock exchanges.

The trading window closure aligns with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and the Code of Practice and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. These codes have been adopted pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Compliance

The announcement demonstrates Mahanagar Gas Limited's commitment to maintaining transparency and adhering to regulatory frameworks. The formal notification was communicated to both major stock exchanges where the company's shares are listed.

The company secretary and compliance officer, Atul Prabhu, has formally communicated this information to the listing compliance departments of both exchanges, ensuring proper regulatory disclosure and maintaining investor confidence through transparent communication practices.

Mumbai's compressed natural gas (CNG) supply faced a significant disruption due to damage to GAIL's main gas pipeline, affecting transportation services across the city and neighboring areas. The incident, which occurred inside the RCF compound, has led to widespread impact on various modes of public transport.

Impact on Transportation

The pipeline damage has resulted in:

• Disruption of CNG supply to Mahanagar Gas 's (MGL) City Gate Station at Wadala
• Affected majority of autorickshaws and taxis, including popular ride-hailing services Ola and Uber
• Impacted some public transport buses across Mumbai, Thane, and Navi Mumbai

Residential Gas Supply

Despite the widespread disruption to transportation services, MGL has prioritized residential piped gas supply, ensuring minimal impact on household consumers.

Cause of Disruption

The CNG supply interruption was attributed to third-party damage to GAIL's main gas pipeline within the RCF compound. The exact nature and extent of the damage, as well as the timeline for repairs, were not immediately available.

Implications for Commuters

This disruption is likely to cause significant inconvenience for daily commuters who rely on CNG-powered vehicles for their transportation needs. The affected areas include:

Commuters are advised to seek alternative transportation options or expect potential delays and reduced availability of CNG-powered vehicles until the situation is resolved.

As the city grapples with this unexpected disruption, authorities and gas supply companies are likely working to address the issue and restore normal CNG supply. However, no official statement regarding the expected timeline for resolution has been provided at this time.