GAIL (India) Limited — Important, 23-01-2025: Disclosure of material issue

A material price movement was observed in GAIL (India) Limited's share price recently, attributed to market-driven factors with no specific events or announcements triggering it. Notably, GAIL has signed a non-binding Memorandum of Understanding (MoU) with Argentina’s YPF and two other Indian firms. This agreement aims to establish a cooperative framework to enhance collaboration in the energy sector, focusing on LNG exports and the mining sector. The partnership also seeks to strengthen ties in hydrocarbon exploration and production for international markets, positioning GAIL for potential growth opportunities in these areas.