Adani Total Gas Limited — Others, 17-10-2024: Effect(s) on listed entity due to changed regulatory framework applicable

Adani Total Gas Limited has received a 16% reduction in its allocated Administered Price Mechanism (APM) domestic gas for supplying Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG). This industry-wide reduction, effective October 16, 2024, may adversely impact the company’s profitability. Adani Total Gas is working with stakeholders to resolve this issue and plans to adjust retail prices to mitigate the impact while ensuring uninterrupted gas supply to consumers.