Mahanagar Gas seeks shareholder nod for director appointments

Mahanagar Gas Limited (MGL) has issued a postal ballot notice to its shareholders dated October 16, 2025, seeking approval for the appointment of two new directors. The company proposes to appoint Ajay Sinha as whole-time director, designated as deputy managing director, for five consecutive years, effective from August 23, 2025, to August 22, 2030. Additionally, Pankaj Kuchhal is proposed for appointment as an independent director for a three-year term, commencing August 23, 2025, and concluding August 22, 2028.

The e-voting period for these resolutions will commence on Sunday, October 19, 2025, at 09:00 a.m. (IST) and will close on Monday, November 17, 2025, at 05:00 p.m. (IST). The results of the e-voting are scheduled to be declared on or before Wednesday, November 19, 2025.

Sinha's current salary structure includes a basic salary of Rs. 2,44,520.00 per month, with additional allowances aggregating to Rs. 2,80,417.20 per month. Kuchhal, as an independent director, will receive remuneration by way of sitting fees and commission as decided by the board, within statutory limits. Both appointments require shareholder approval to take effect.