Mahanagar Gas (MGL) — Board Meeting

📢 Key Event
MGL AGM approves all resolutions including final dividend and director appointment

🔄 What Changed
Declaration of final dividend of Rs 18 per share and appointment of director

💡 Investor Takeaway
Shareholders approved all key governance and financial proposals, including dividend payout, signaling continued confidence in company operations.

Mahanagar Gas Limited (MGL) held its 31st Annual General Meeting on August 25, 2026 via video conference, where shareholders approved all six proposed resolutions, including adoption of audited financial statements for FY2026, declaration of a final dividend of Rs 18 per share, appointment of a new director, ratification of cost auditor remuneration, approval of related party transactions with GAIL, and payment of commissions to independent directors. Voting was conducted entirely through e-voting mechanisms, with remote participation from 75 public shareholders and one promoter shareholder. The meeting recorded high approval rates across resolutions, with final dividend declared at Rs 18 per share and all resolutions passed with requisite majority.

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About Mahanagar Gas Limited (MGL)

Oil Gas & Consumable Fuels · Gas Distribution · Listed on NSE

Market Cap: ₹10,666.02 Cr P/E: 14.9 ROE: 11.1% ROCE: 15.3% Div Yield: 2.78%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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