Indraprastha Gas Limited — Important, 13-01-2025: Disclosure of material issue

Changes in the Board of Directors at Indraprastha Gas Limited include the appointment of Shri Sukhmal Kumar Jain as Additional Director and Chairman, effective January 14, 2025. He succeeds Shri R.K. Jain, who will cease to be Chairman and Director on the same date. Additionally, Shri Sanjay Kumar has been appointed as an Additional Director, while Shri Pankaj Kumar will step down as Director.

Shri Sukhmal Kumar Jain brings extensive experience from his role at Bharat Petroleum Corporation Limited (BPCL), where he led significant marketing initiatives and has been instrumental in the company’s growth. Conversely, Shri Sanjay Kumar has over 30 years at GAIL, holding various positions that deepened his expertise in the gas and LNG sectors. Both appointments are expected to positively influence the company's strategic direction and operational capabilities. Investors should monitor these changes closely as they could shape the firm's future performance.