Mahanagar Gas Limited — Important, 09-01-2025: Disclosure of material issue

Mahanagar Gas Limited (MGL) has disclosed a significant update regarding its domestic gas allocation. GAIL (India) Limited has informed MGL that the domestic gas at the APM price will see an increase of 26% starting 16th January 2025. This adjustment raises the allocation for CNG from 37% to 51%. The enhanced allocation is expected to positively influence MGL's profitability, presenting a favorable outlook for the company's financial performance. Investors should watch closely for developments stemming from this increase, as it could lead to improved margins and overall growth potential for MGL.