Indraprastha Gas Ltd

AGM Details

• AGM held on 24 September 2026 at 10:00 AM via VC/OAVM.
• Voting cut-off date: 17 September 2026.
• Shareholders on record date: 381,243.

Key Resolutions

• Adopt audited financial statements for FY ended March 31, 2026.
• Declare final dividend of Rs 1.50 per equity share.
• Re-appoint Mohit Bhatia as director, retires by rotation.
• Board to fix remuneration of the statutory auditor.
• Ratify remuneration of the cost auditor for FY 2026-27.

Voting Results

• Resolution 1 passed: 99.9972% in favour; 0.0028% against.
• Resolution 2 passed: 99.9993% in favour; 0.0007% against.
• Resolution 3 passed: 98.5719% in favour; 1.4281% against.
• Resolution 4 passed: 99.9976% in favour; 0.0024% against.
• Resolution 5 passed: 99.9991% in favour; 0.0009% against.

Director Changes

• Director Mohit Bhatia re-appointed after retirement.

Auditors

• Remuneration of statutory auditor to be fixed by Board.
• Cost auditor remuneration ratified for FY 2026-27.

Indraprastha Gas Ltd trading window to remain closed from Oct 1, 2026 till 48 hours after the Unaudited Financial Results for quarter ending September 30, 2026 are made public after the Board meeting

AGM Details

• 24 September 2026, 10:00 AM, via Video Conferencing (VC).

Key Resolutions

• Adopt Audited Financial Statements and Consolidated Financial Statements for year ended March 31, 2026.
• Declare final dividend of Rs 1.5 per share for year ended March 31, 2026.
• Re-appoint Mohit Bhatia as director, retiring by rotation.
• Authorize Board to fix remuneration of Statutory Auditor under Section 142.
• Ratify Cost Auditor remuneration for FY 2026-27.

Voting Results

• Voting results to be filed with stock exchanges within prescribed time and posted online.

Meeting Details

• Date: 21 September 2026; Time: 02:30 PM onwards; Type: One-to-One; Mode: Physical; Venue: New Delhi.

Participants

• Organizer: Morgan Stanley.
• Company participants not disclosed.

Purpose

• Purpose: Analyst/institutional investor meeting.

Additional Notes

• No recording or transcript indicated.

Meeting Details

• Date/time: 21 Sept 2026, 2:30 PM onwards; One-to-One meeting; Physical; Venue: New Delhi; Organizer: Morgan Stanley.

Participants

• Company participants: not disclosed.

Purpose

• Purpose: Analyst/institutional investor meeting.

Appointment of Statutory Auditor

• CAG appoints M/s PSMG & Associates as IGL statutory auditor for FY 2026-27.
• Annexure-II lists PSMG & Associates as the statutory auditor.
• Appointment follows SEBI LODR Regulation 30; letter dated 07 September 2026.
• Holding company audits to cover Consolidated Financial Statements.
• Remuneration for 2026-27 to be intimated after 2025-26 finalization.

Key investor updates

• 27th AGM of Indraprastha Gas Limited scheduled for 24 September 2026 via VC/OAVM.
• Soft copy of the Annual Report 2025-26 including BRR, hosted on iglonline.net.
• Separate web link for complete AR details for shareholders without registered email under LODR.
• Remote e-voting window: Sep 20–23, 2026; cut-off Sep 17, 2026.
• Ordinary business includes adoption of FY2025-26 financials, final dividend, Mohit Bhatia's re-appointment, and auditor remuneration approvals.
• Special resolution to ratify Cost Auditor remuneration for FY2026-27: Rs 2,92,000 plus out-of-pocket, cap 10%.
• Governance changes: Subhankar Sen appointed Chairman Apr 2026; Kumar Shanker appointed MD Jun 2026.
• Niharika Rai appointed Director Aug 19, 2025.

AGM Details

• 27th AGM scheduled for Sep 24, 2026 at 10:00 AM via VC/OAVM.

Dividend record date

• Record date for Final Dividend FY2025-26: Oct 1, 2026.

Dividend proposal

• Final dividend is subject to member approval at the AGM.

Financial performance

• Net Sales and Other Income: Rs 16,650.96 Cr (FY2025-26).
• Gross turnover: Rs 17,785 Cr (FY2025-26).
• Standalone PAT: Rs 1,364.10 Cr; Consolidated PAT: Rs 1,543.51 Cr.
• Earnings per share: Rs 9.74 (FY2025-26).
• Gas business margins: Operating margin 7.48%; Net profit margin 7.64%.
• Avg gas sales: 9.39 MMSCM/day; total gas sales: 3427.21 MMSCM.
• Gas volume growth supported by 70 new CNG stations; total 1024 stations.
• PNG connections grew to 34.40 lakh households; 13,078 CID/Commercial customers.
• Dividend declared: interim Rs 3.25 per share; final Rs 1.50 per share.
• Capital expenditure: Rs 1,120 Crores in FY2025-26.
• Renewable energy program targets 2 GWp; solar PV initiatives underway.

Operational performance

• Gas volumes sold: 3427.21 MMSCM; average daily 9.39 MMSCM.
• 1024 CNG stations; 70 stations commissioned in year.
• PNG drive 2.0 expanded to accelerate PNG adoption; 34.40 lakh PNG connections.
• IGL Genesis Technologies meter plant commissioned; mass production started.
• Two LNG/LCNG stations operational; two more under construction.
• IGL's PNG network serves 23 Lakh+ vehicles and 34.4+ lakh households.
• Advanced digital initiatives: spot-billing rollout; e-bill adoption nearing 100%.

Dividend and capital allocation

• Interim dividend Rs 3.25 per share; final dividend Rs 1.50 per share for FY2025-26.
• Record date for final dividend: Oct 1, 2026.
• Dividend payout timing: payments within 30 days of declaration.
• 1:1 bonus issue completed in 2025; authorized capital increased to Rs 1,000 Cr.
• Total dividend distribution policy aligned with SEBI LODR.

Governance & leadership

• Subhankar Sen appointed Chairman w.e.f. Apr 1, 2026.
• Kamal Kishore Chatiwal transitioned from MD to other role; Kumar Shanker appointed MD w.e.f. Jun 5, 2026.
• Ms. Niharika Rai appointed Director w.e.f. Aug 19, 2025.
• KFin Technologies appointed Registrar for VC/OAVM AGM and e-voting.
• Board and committees uphold governance standards; independence confirmations received.

CSR & ESG performance

• CSR expenditure: Rs 10.32 Cr; administrative overhead Rs 1.88 Cr.
• CSR spend vs. target: Rs 39.49 Cr required; Rs 40.36 Cr spent.
• CSR impact: 22+ CSR projects across states; emphasis on health, education, skill development.
• Certifications: ISO 45001, ISO 9001, ISO 14001, ISO 50001.
• IGL’s CSR and ESG governance audited; risk management and ERDMP drills conducted.

Outlook and risks

• Risks: fuel allocation fluctuations; PNGRB penalties for MWP shortfalls; EV competition.
• Opportunities: 2 GWp renewable capacity; expansion into LNG/LCNG and CBG ecosystems.
• Strategic pivot: potential acquisitions of CGD companies to expand footprint.
• CBG supply from 16 plants; plan for 10 more CBG plants under JV.
• PNGRB/ Govt policy support for PNG expansion to meet energy mix goals.

Audit, controls and risk management

• CAG supplementary audit conducted; no material fraud detected.
• Sixteen disclosure points on internal controls; SAP ERP control weaknesses flagged and actioned.
• ERM policy revised; risk management committee active; vigil mechanism updated.
• Independent secretarial, cost and statutory audits completed; adherence to LODR norms.