Mahanagar Gas Limited (MGL), a prominent player in the city gas distribution sector, has initiated a postal ballot process to seek shareholder approval for two significant director appointments. The company aims to strengthen its leadership team with the proposed appointments of Mr. Ajay Sinha as Deputy Managing Director and Mr. Pankaj Kuchhal as an Independent Director.

Key Appointments and Terms

Deputy Managing Director

Mr. Ajay Sinha, nominated by GAIL (India) Limited, is proposed to be appointed as a Whole-Time Director designated as Deputy Managing Director. His appointment, if approved, would be for a five-year term from August 23, 2025, to August 22, 2030, or until further orders from GAIL, whichever is earlier.

Independent Director

Mr. Pankaj Kuchhal is proposed to be appointed as an Independent Director for a three-year term from August 23, 2025, to August 22, 2028.

Voting Process and Timeline

Mahanagar Gas has outlined the following key dates for the postal ballot process:

• E-voting Period: October 19, 2025, to November 17, 2025
• Cut-off Date for Eligible Voters: October 10, 2025
• Results Declaration: On or before November 19, 2025

Profiles of Proposed Directors

Mr. Ajay Sinha

• Over three decades of experience in the Oil and Gas industry
• Electrical Engineer from University of Roorkee with an MBA from IIT, Delhi
• Extensive experience in City Gas Distribution (CGD) sector
• Previously served as Head of Marketing at GAIL Gas Limited and Joint Adviser in Petroleum and Natural Gas Regulatory Board

Mr. Pankaj Kuchhal

• Over 38 years of cross-functional experience in the downstream Oil & Gas industry
• Electronics & Communication Engineering graduate from Regional Engineering College, Kurukshetra
• Expertise in automation engineering, contracts & procurement, and pipeline operations
• Former CEO of IHB Limited, leading India's longest cross-country LPG pipeline implementation

Remuneration Structure for Mr. Ajay Sinha

The current salary structure for Mr. Ajay Sinha includes:

Additional perquisites and benefits will be provided as per GAIL's and MGL's policies.

Importance of Shareholder Approval

The appointments require shareholder approval in compliance with the Companies Act, 2013, and SEBI regulations. The postal ballot notice emphasizes the importance of these appointments in strengthening Mahanagar Gas Limited's leadership and governance structure.

Shareholders are encouraged to participate in the e-voting process to exercise their right in these crucial appointments that may shape the future direction of the company.

A fire incident at Oil and Natural Gas Corporation's (ONGC) Uran gas processing plant has led to significant disruptions in gas supply to Mumbai, affecting Mahanagar Gas Limited's (MGL) operations and potentially impacting CNG availability across the city.

Fire Incident and Immediate Response

The fire broke out at ONGC's Uran plant at approximately 3:00 PM and was successfully extinguished after a two-hour battle. Fortunately, no injuries were reported during the incident. However, the event has had cascading effects on the gas supply chain in Mumbai.

Impact on Mahanagar Gas Limited

The fire incident has directly impacted Mahanagar Gas Limited's gas supply to its city gate station at Wadala. In response to the supply disruption, MGL has implemented the following measures:

1. Prioritizing PNG Supply: MGL is focusing on maintaining uninterrupted supply to domestic PNG (Piped Natural Gas) consumers, ensuring that households continue to receive gas for cooking and other essential needs.

2. CNG Availability Warning: The company has cautioned that CNG (Compressed Natural Gas) availability may be affected across Mumbai due to low pipeline pressure resulting from the supply disruption.

3. Advisory to Industrial and Commercial Customers: MGL has urged its industrial and commercial customers to switch to alternative fuels temporarily to manage the gas shortage.

Expected Resolution

MGL has stated that full restoration of gas supplies is anticipated once ONGC resumes normal operations at its Uran plant. However, no specific timeline for the resumption of full services has been provided.

The incident highlights the vulnerability of urban gas supply chains to disruptions at key processing facilities. It also underscores the importance of prioritizing essential services, such as domestic PNG supply, during such emergencies.

Consumers in Mumbai, particularly CNG users and industrial customers, are advised to stay updated on further announcements from MGL regarding the restoration of normal gas supply and any potential adjustments they may need to make in the interim.