Adani Total Gas has announced the appointment of Mr. Preyash Jhaveri as Interim Chief Financial Officer, effective December 22, 2025. The appointment was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee, in compliance with SEBI listing regulations.

Board Meeting and Regulatory Compliance

The Board of Directors approved the appointment during their meeting held on December 22, 2025, which commenced at 11:30 a.m. and concluded at 12:10 p.m. This appointment has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

Professional Background and Qualifications

Mr. Jhaveri brings extensive qualifications to his interim role, holding a B.Com, LL.B., and is a Qualified Chartered Accountant with a Post Graduate Diploma in Business Management (PGDBM). He is a seasoned finance executive with over 30 years of rich and varied experience across Energy, Gas, Healthcare, Wind Power, Chemical, Textile, and Pharma sectors.

Currently serving as Financial Controller at Adani Total Gas since joining the company in 2007, Mr. Jhaveri has been responsible for finalization of accounts, statutory and audit compliances, managing cash flow to minimize finance cost, monitoring budgeting, and ensuring compliance of applicable tax laws.

Career Experience and Expertise

Prior to joining Adani Total Gas, Mr. Jhaveri worked with several prominent organizations including Torrent Pharmaceuticals, Enercon (India) Limited, The Arvind Mills Limited, India Gum Limited, and Core Healthcare Limited during the period from July 1995 to July 2007.

Key Managerial Personnel Update

Following this appointment, the company has updated its list of Key Managerial Personnel authorized to determine materiality of events and make disclosures to stock exchanges. The updated KMP list includes Mr. Suresh Manglani as Whole Time Director & CEO, Mr. Preyash Jhaveri as Interim Chief Financial Officer, and Mr. Anil Agrawal as Company Secretary & Compliance Officer.

This interim appointment ensures continuity in the company's financial leadership while the organization conducts a comprehensive search for a permanent Chief Financial Officer, maintaining operational stability during the transition period.

Adani Total Gas Limited (ATGL) has been assigned an Environmental, Social, and Governance (ESG) rating of 73 by NSE Sustainability Ratings & Analytics Limited, according to a recent disclosure by the company.

Key Highlights

• ESG Rating: 73
• Rating Agency: NSE Sustainability Ratings & Analytics Limited
• Assessment Basis: Publicly available data

Independent Assessment

NSE Sustainability conducted this evaluation independently, without any engagement from Adani Total Gas. The rating reflects the company's performance across Environmental, Social, and Governance parameters, based solely on information available in the public domain.

Company's Stance

Adani Total Gas has clarified that it did not engage NSE Sustainability for the evaluation or issuance of this ESG rating. The company emphasized that the report was prepared independently by NSE Sustainability using data accessible to the public.

Significance of ESG Ratings

ESG ratings are increasingly important in the corporate world, as they provide investors and stakeholders with insights into a company's sustainability practices and overall corporate responsibility. These ratings can influence investment decisions and reflect a company's commitment to sustainable business practices.

Regulatory Compliance

The disclosure of this ESG rating by Adani Total Gas is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This demonstrates the company's adherence to regulatory requirements and commitment to transparency in its ESG performance reporting.

As ESG factors continue to gain prominence in investment decisions and corporate strategies, such ratings provide valuable insights into a company's non-financial performance and long-term sustainability outlook.