Indraprastha Gas Limited — Important, 15-04-2025: Disclosure of material issue

Indraprastha Gas Limited has disclosed a significant reduction in its domestic gas allocation, which will take effect from April 16, 2025. The new allocation is approximately 20% lower than previously allocated volumes, impacting the company’s ability to meet the PNG (D) and CNG sales requirements. However, the company will receive an additional 125% of the reduced volume through New Well Gas (NWG), priced at 12% of the Indian Crude Basket. This change is expected to affect the company's profitability, and investors should monitor the situation closely for potential implications on financial performance.