GAIL (India) Limited has announced a major leadership transition with the retirement of its Chairman and Managing Director Shri Sandeep Kumar Gupta. The Maharatna company, which is a Government of India undertaking, informed both NSE and BSE about this significant change in directorship through an official communication dated March 1, 2026.

Leadership Transition Details

The company disclosed that Shri Sandeep Kumar Gupta ceased to be Chairman and Managing Director effective March 1, 2026, consequent upon his superannuation on February 28, 2026, from GAIL's services. This marks the completion of his tenure at the top leadership position of India's premier natural gas company.

Regulatory Compliance

The announcement was made in strict compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Mahesh Kumar Agarwal signed the official communication, which was digitally authenticated on March 1, 2026.

The disclosure was simultaneously sent to both major stock exchanges where GAIL shares are listed:

• NSE Limited: Scrip Code GAIL-EQ
• BSE Limited: Scrip Code 532155

Company Profile

GAIL (India) Limited operates as a Maharatna company under the Government of India, with its registered office located at GAIL Bhawan, 16 Bhikaji Cama Place, R.K. Puram, New Delhi. The company maintains its leadership position in India's natural gas sector and continues its operations across the energy value chain.

The leadership transition represents a routine change following the completion of the executive's tenure, with the company maintaining its commitment to regulatory transparency through timely disclosure to stakeholders and stock exchanges.

GAIL (India) Limited has announced a significant change in its key managerial personnel structure with the appointment of Shri Deepak Asija as the new Company Secretary and Compliance Officer. The appointment, effective from March 6, 2026, was approved by the company's Board of Directors during their meeting held on February 27, 2026.

Board Approval and Transition Details

The Board meeting, which commenced at 4:00 p.m. and concluded at 5:30 p.m. on February 27, 2026, approved the appointment considering the operational requirements of the company. Asija will assume his new role replacing Shri Mahesh Kumar Agarwal, who currently serves as Company Secretary.

Professional Background and Qualifications

Shri Deepak Asija brings substantial expertise to his new role, with comprehensive educational qualifications and extensive industry experience. He holds a commerce degree from Delhi University and is a qualified Company Secretary. Additionally, he is a Law Graduate, providing him with a well-rounded professional foundation.

Asija's career with GAIL spans over two decades, having joined the organization in 2004. His most recent significant role was serving as Company Secretary of GAIL Gas Limited, a wholly owned subsidiary of GAIL, from 2016 until April 2025. This experience has provided him with deep insights into the company's operations and regulatory requirements.

Career Progression and Experience

Prior to his long tenure with GAIL, Asija gained valuable experience in the secretarial domain working with HUDCO (Housing and Urban Development Corporation) for approximately six years, where he served as Deputy Company Secretary. This diverse experience across different organizations has equipped him with comprehensive knowledge of corporate governance and compliance requirements.

Regulatory Compliance

This appointment announcement has been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about this key managerial personnel change, ensuring full transparency with all stakeholders.

The transition represents GAIL's commitment to maintaining strong corporate governance standards while ensuring continuity in its secretarial and compliance functions. With over two decades of experience in the secretarial domain, Asija is well-positioned to support the company's operational and regulatory requirements in his new capacity.