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

Mahanagar Gas Limited (MGL) has received communication from GAIL (India) Limited indicating a 26% increase in the allocation of domestic gas at APM prices, effective January 16, 2025. This change will raise the allocation for CNG from 37% to 51%. Such a substantial increase is expected to positively impact the profitability of MGL, enhancing its operational performance in the coming periods. Investors should view this as a favorable development, warranting attention as it may lead to improved financial outcomes and increased market competitiveness.