Mahanagar Gas Limited (MGL), a leading city gas distribution company, has announced significant changes to its leadership team, appointing two industry veterans to key positions on its Board of Directors.

New Deputy Managing Director

Ajay Sinha has been appointed as the Deputy Managing Director of Mahanagar Gas Limited for a five-year term, effective August 23, 2025. Sinha brings over three decades of experience in the Oil and Gas industry to his new role.

An Electrical Engineer from the University of Roorkee with an MBA from IIT Delhi, Sinha has a diverse background in the City Gas Distribution (CGD) sector. His expertise spans:

• Marketing
• Engineering and planning
• Business development
• Regulatory affairs
• Corporate communication
• Project development

Prior to joining MGL, Sinha served as the Head of Marketing at GAIL Gas Limited, a wholly-owned subsidiary of GAIL (India) Limited. He has also held the position of Joint Adviser in the Petroleum and Natural Gas Regulatory Board, where he played a crucial role in developing and implementing regulations for CGD and natural gas pipelines.

New Independent Director

In a parallel move, Pankaj Kuchhal has been appointed as a Non-Executive Independent Director for a three-year term, also starting from August 23, 2025. Kuchhal brings 38 years of downstream Oil & Gas experience to the board.

Kuchhal's most recent role was as CEO of IHB Limited, where he led the implementation of India's longest cross-country LPG pipeline. His expertise includes:

• Automation of retail outlets
• POL terminals/depots
• Contracts & procurement for city gas distribution and cross-country pipelines

Board Approval and Shareholder Ratification

Both appointments were approved by MGL's Board of Directors on August 22, 2025, based on recommendations from the Nomination and Remuneration Committee. These appointments are subject to shareholder approval at the company's next general meeting.

Leadership Transition

The new appointments come as MGL bids farewell to Sanjay Shende, who ceased to be the Deputy Managing Director due to the withdrawal of his nomination by GAIL (India) Limited, as per the company's Articles of Association.

Company's Future Direction

These strategic appointments align with Mahanagar Gas Limited's focus on strengthening its leadership team with experienced industry professionals. The diverse expertise of Sinha and Kuchhal is expected to contribute significantly to MGL's growth strategies and operational excellence in the evolving energy landscape.

Mahanagar Gas Limited continues to demonstrate its commitment to delivering clean, reliable, and affordable energy solutions. The company recently completed three decades of operations and has been expanding its gas pipeline networks, CNG infrastructure, and industrial and commercial volumes.

As MGL moves forward with these new additions to its leadership, the company appears well-positioned to navigate the challenges and opportunities in the city gas distribution sector, focusing on sustainability, digital transformation, and long-term value creation for its stakeholders.

Mahanagar Gas Limited (MGL), a prominent player in the natural gas distribution sector, has announced the successful completion of its merger with its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL). The amalgamation, which became effective on August 16, 2025, marks a significant corporate restructuring for the company.

Merger Details

The merger scheme, sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, was finalized with the filing of the certified copy of the order with the Registrar of Companies, Mumbai, Maharashtra. This strategic move results in the dissolution of UEPL, which has now been fully integrated into MGL's operations.

Capital Restructuring

As part of the merger process, MGL has substantially increased its authorized share capital. The company's latest filing reveals:

This represents a significant expansion of MGL's capital structure, potentially providing the company with greater financial flexibility for future growth and operations.

Regulatory Compliance

MGL has meticulously followed the regulatory procedures throughout the merger process. The company made a series of disclosures to the stock exchanges, dating back to October 24, 2024, and culminating in the final announcement on August 16, 2025. This transparency aligns with the requirements set forth by the Securities and Exchange Board of India (SEBI) Listing Regulations.

Management Statement

Atul Prabhu, Company Secretary & Compliance Officer of Mahanagar Gas Limited, officially communicated the merger's completion to the BSE Limited and the National Stock Exchange of India Limited. The statement emphasized the company's adherence to regulatory requirements and the successful conclusion of the amalgamation process.

The merger of UEPL into MGL is expected to streamline operations and potentially create synergies within the organization. Stakeholders will be keen to observe how this corporate restructuring impacts MGL's market position and operational efficiency in the coming months.