Adani Total Gas Limited (ATGL) has announced a significant change in its top management. Parag Parikh, the Chief Financial Officer (CFO) and Key Managerial Personnel of the company, has resigned from his position.

Resignation Details

According to a regulatory filing by Adani Total Gas, Mr. Parikh's resignation will take effect from the closure of business hours on September 30, 2025. The company stated that Mr. Parikh is stepping down to pursue external professional opportunities.

Company's Response

In its statement, Adani Total Gas expressed its appreciation for Mr. Parikh's contributions during his tenure as CFO. The company said, "We place on record our deep sense of appreciation for the services rendered by Mr. Parikh during his tenure as Chief Financial Officer (Key Managerial Personnel) of the Company."

Next Steps

ATGL has informed that it is in the process of appointing a new Chief Financial Officer. The company has committed to making an announcement regarding the new appointment in the coming days.

Additional Management Changes

In a separate announcement on the same day, Adani Total Gas also disclosed the superannuation of Mr. Ram Ballabha Singh, who held the position of Joint President - Project Management Office. Mr. Singh, designated as Senior Management Personnel (SMP), will also be leaving the company effective September 30, 2025.

About Adani Total Gas Limited

Adani Total Gas Limited, formerly known as Adani Gas Ltd, is a key player in the Indian natural gas distribution sector.

These management changes come at a time when the energy sector is facing dynamic challenges and opportunities. Stakeholders will be keenly watching how these transitions impact ATGL's strategic direction and operational efficiency in the coming months.

Gautam Adani, Chairman of Adani Group, has issued a letter to shareholders of Adani Total Gas Limited , addressing the aftermath of the Hindenburg report and celebrating recent regulatory clearance. The letter marks a significant moment for the conglomerate following a period of intense scrutiny.

SEBI Dismissal and Validation

Adani emphasized that the Securities and Exchange Board of India (SEBI) has dismissed the allegations against the group, calling it a "powerful validation of the transparency, governance and purpose" with which the company has operated. This regulatory clearance comes after a challenging period that began when Hindenburg's report sparked controversy and market turbulence.

Financial Performance and Growth

Despite the challenges, Adani highlighted the group's robust financial performance:

The group's portfolio EBITDA grew at a compound annual growth rate (CAGR) of 25% over two years, while the gross block expanded by nearly ₹2 lakh crores.

Key Infrastructure Achievements

Adani outlined several transformative projects completed during this period:

• Commissioning of India's first container transshipment port at Vizhinjam
• Addition of 6 GW of renewable capacity, including the world's largest single-location renewable project at Khavda
• Launching of the world's largest copper smelter and metallurgical complex
• Expansion of the energy network with 7,000 circuit kms of transmission lines and 4 GW of new thermal capacity

Future Commitments

Looking ahead, Adani promised to:

1. Further strengthen governance standards
2. Accelerate innovation and sustainability efforts
3. Continue investing in infrastructure to support India's long-term growth

Shareholder Appreciation and Closing Remarks

Adani expressed gratitude to shareholders, lenders, suppliers, and partners for their support during the challenging period. He concluded with a quote from Shri Sohan Lal Dwivedi, emphasizing resilience and determination in the face of adversity.

Market Movement Clarification

In a separate filing, Adani Total Gas Limited responded to a query from BSE Limited regarding share price movement. The company clarified that the price movements were purely market-driven and that management had no control or knowledge of the reasons behind these fluctuations. The company reaffirmed its commitment to making all relevant disclosures in compliance with SEBI regulations.

As Adani Group moves forward from this regulatory clearance, the focus remains on strengthening its position in India's infrastructure landscape and continuing its ambitious growth trajectory.