Adani Total Gas Limited has issued a clarification to BSE Limited regarding significant volume movement in its shares, responding to an inquiry received on January 2, 2026. The company addressed concerns about unusual trading activity in its scrip code 542066.

Company's Response to Volume Inquiry

The natural gas distribution company received an email from BSE at 1:17 PM on January 2, 2026, questioning the significant increase in trading volume. In its formal response, Adani Total Gas attributed the movement entirely to prevailing market conditions.

Management Position on Volume Movement

The company's management clarified that they have neither control over nor specific knowledge regarding the reasons behind the volume surge. Company Secretary Anil Agrawal, in the official communication, emphasized that the trading activity is "absolutely market driven" and purely due to market conditions.

The response highlighted that such volume movements are common market phenomena that occur independently of company-specific developments or management actions.

Regulatory Compliance Commitment

Adani Total Gas reaffirmed its commitment to regulatory transparency and compliance. The company stated it has made and will continue to make all relevant disclosures in accordance with:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Stock exchange agreements and requirements
• Regulation 30 compliance obligations

The company assured stakeholders that it maintains full compliance with disclosure requirements and will continue to do so as situations warrant.

Corporate Communication Details

The official clarification was digitally signed by Company Secretary Anil Agrawal (Membership No. A14063) and submitted to BSE's surveillance department. The company operates from its corporate office at Inspire Business Park, Ahmedabad, and maintains its registered office at Adani Corporate House in the same city.

This clarification demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining transparent communication with stock exchanges regarding unusual market activity.

Adani Total Gas Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. K Jairaj as an Independent Director. The notice, dated December 19, 2025, outlines the company's proposal to appoint Mr. Jairaj (DIN: 01875126) as a Non-Executive Independent Director through a special resolution.

Appointment Details and Voting Process

The Board of Directors had earlier appointed Mr. K Jairaj as an Additional Director with effect from November 3, 2025, for a first term of three years. The appointment now requires shareholder approval in accordance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

The company has engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting to enable members to cast their votes electronically. In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice is being sent only in electronic mode to eligible shareholders.

E-Voting Schedule and Process

The remote e-voting process has been structured to ensure maximum participation from eligible shareholders. The voting will be conducted exclusively through electronic means, with no physical postal ballot forms being dispatched.

The cut-off date for determining eligible voters is Friday, December 19, 2025. Only members whose names appear in the Register of Members or List of Beneficial Owners and who have registered email addresses with the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, and depositories will be eligible to participate in the e-voting process.

Director Profile and Qualifications

Mr. K Jairaj brings extensive experience in infrastructure, energy, transport, and urban development sectors. He is a member of the 1976 batch of the Indian Administrative Service and has held distinguished appointments including Additional Chief Secretary, Energy Department and Chairman, BESCOM.

Key qualifications and experience include:

• Bachelor of Arts (Honours) degree from Bangalore University
• Master of Arts degree in Economics from Delhi School of Economics
• M.P.A. from Woodrow Wilson School of Public and International Affairs, Princeton University
• M.P.A. from Kennedy School of Government, Harvard University
• Former Managing Director of Bangalore International Airport Ltd
• Former Managing Director of Karnataka Power Corporation Ltd
• Former President of All India Management Association (AIMA)

Mr. Jairaj has confirmed that he meets the criteria for independence under Section 149(6) of the Companies Act and Regulation 16(1)(b) of the SEBI Listing Regulations. He is not disqualified from being appointed as Director and has provided necessary declarations regarding his independence.

Age-Related Approval Requirement

In accordance with Regulation 17(1A) of the SEBI Listing Regulations, the company is also seeking approval for Mr. Jairaj's continuation as Independent Director after he attains the age of 75 years on May 24, 2027. This approval is being sought proactively to ensure continuity in his directorship.

Scrutinizer and Result Declaration

The Board has appointed Mr. Chirag Shah (Membership No.: FCS: 5545; CP No.: 3498) or failing him Mr. Raimeen Maradiya (Membership No. 11283; CP No. 17554), Partners of Chirag Shah and Associates, Practicing Company Secretary, as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner.

The results of the postal ballot, along with the Scrutinizer's Report, will be displayed on the company's website at www.adanigas.com , NSDL's website at www.evoting.nsdl.com , and communicated to the stock exchanges where the company's equity shares are listed. The proposed resolution, if approved by the requisite majority, will be deemed to have been duly passed on January 23, 2026.

The Board has recommended the special resolution for approval by the members, noting that except for Mr. K Jairaj and his relatives, no other Directors or Key Managerial Personnel have any financial interest in the proposed resolution.