Amendments to the ''Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'' of the Company

Ref: MGL/CS/SE/2026/734 Date: November 03, 2026 Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 539957 Symbol: MGL Dear Sir / Madam, Sub: Intimation under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 – Amendments to Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information Pursuant to the provisions of Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, we wish to inform that the Board of Directors at their meeting held today i.e. Tuesday, November 03, 2026, has approved the amendments to the ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’ (‘Fair Disclosure Code’) of the Company and the same is enclosed herewith. Further, the said Fair Disclosure Code is also being updated on the website of the Company at www.mahanagargas.com. You are requested to take the above information on your records. Thanking you, Yours sincerely, For Mahanagar Gas Limited Atul Prabhu Company Secretary & Compliance Officer Encl.: As above Regd. Office: MGL House, Block G-33, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051 T + 91 22 6678 5000 | E info@mahanagargas.com | W www.mahanagargas.com | CIN L40200MH1995PLC088133 An ISO 9001, 14001 & 45001 Certified Company CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION Page 1 of 9 CODE OF PRACTICES AND PROCEDURES FOR FAIR TITLE OF DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE DOCUMENT INFORMATION DATE DOCUMENT FAIR DISCLOSURE CODE 2026 OF NOVEMBER 03, 2026 NUMBER ISSUE VERSION NO 4.0 AUTHORED BY ATUL PRABHU APPROVED BY BOARD OF DIRECTORS CUSTODIAN COMPANY SECRETARY AND VIGILANCE OFFICER VERSION CONTROL Revision Date of Approved Change in Brief Authored By Version Approval By 1.0 30.06.2015 Amendments pursuant to applicability of Company Secretary Board of SEBI (PIT) Regulations, 2015 Directors 2.0 07.02.2020 Modifications pursuant to amendments in Company Secretary Board of SEBI (PIT) Regulations, 2015 dated & Compliance Directors December 31, 2018 Officer 3.0 29.06.2022 Modifications pursuant to amendments in Company Secretary Board of SEBI (PIT) Regulations, 2015 & Compliance Directors Officer 4.0 03.11.2026 Modifications pursuant to amendments in Company Secretary Board of SEBI (PIT) Regulations, 2015 upto & Compliance Directors September 30, 2026 Officer This document is approved by Board of Directors vide its resolution dated November 03, 2026 This document supersedes all the previous versions of Policy/ communication on this subject. Page 2 of 9 CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION 1. Introduction: As a part of constant endeavor towards achieving the highest standards of Company’s commitment and to bring transparency and robust good governance practices, the Code of Practice and Procedures for Fair Disclosure of Unpublished Price Sensitive Information has been framed pursuant to Regulation 8(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015, with an objective of preserving the confidentiality of Unpublished Price Sensitive Information (UPSI) and to ensure fairness in disclosure of UPSI. 2. Objective: The Code intends to formulate a framework and policy for fair disclosure of events and occurrences that could impact price discovery in the market for its securities and to ensure timely and adequate disclosure of UPSI. 3. Governing Laws: The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended (PIT Regulations), mandates every listed company to formulate and publish on its official website, a code of practices and procedures for fair disclosure of the events and occurrences in the nature of UPSI that it would follow in order to adhere to each of the principles set out in Schedule A to the PIT Regulations. 4. Definitions: “Board” in relation to a company, means the collective body of the Directors of the Company. “Chief Investors Relations Officer” (‘CIRO’) shall be the Compliance Officer and the Chief Financial Officer of the Company or in his/her absence, a senior officer appointed by the Managing Director of the Company to deal with dissemination of information and disclosure of UPSI. “Company” or “MGL” shall be construed as reference to Mahanagar Gas Limited. “Compliance Officer” for the purpose of this Code shall means the Company Secretary of the Company, or in his/her absence, such other Senior Officer of the Company as may be authorised by the Managing Director of the Company, who is financially literate and is capable of discharging the duties of Compliance Officer under this Code. Page 3 of 9 “Connected person” means, - (i) any person who is or has been during the six months prior to the concerned act, associated with a company, in any capacity, directly or indirectly, including by reason of frequent communication with its officers or by being in any contractual, fiduciary or employment relationship or by being a director, officer or an employee of the company or holds any position including a professional or business relationship, whether temporary or permanent, with the company that allows such person, directly or indirectly, access to unpublished price sensitive information or is reasonably expected to allow such access. (ii) Without prejudice to the generality of the foregoing, the persons falling within the following categories shall be deemed to be connected persons unless the contrary is established, - (a) A relative of connected persons specified in clause (i); or (b) A holding company or associate company or subsidiary company; or (c) An intermediary as specified in section 12 of the the Securities and Exchange Board of India Act, 1992 or an employee or director thereof; or (d) An investment company, trustee company, asset management company or an employee or director thereof; or (e) An official of a stock exchange or of clearing house or corporation; or (f) A member of board of trustees of a mutual fund or a member of the board of directors of the asset management company of a mutual fund or is an employee thereof; or (g) A member of the board of directors or an employee, of a public financial institution as defined in section 2(72) of the Companies Act, 2013; or (h) An official or an employee of a self-regulatory organization recognised or authorized by the Board; or (i) A banker of the company; or (j) A concern, firm, trust, Hindu undivided family, company or association of persons wherein a director of a company or his/her relative or banker of the company, has more than ten per cent. of the holding or interest; (k) a firm or its partner or its employee in which a connected person as specified in (i) is also a partner; or (l) a person sharing household or residence with a connected person as specified in (i). “Generally available information” means information related to Mahanagar Gas Limited that is accessible to the public on a non-discriminatory basis and shall not include unverified event or information reported in print or electronic media. “Legitimate Purpose” shall include sharing of UPSI in the ordinary course of business by an insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations. Page 4 of 9 “Insider” means any person who is: (i) A connected person; or (ii) in possession of or having access to unpublished price sensitive information. “Unpublished Price Sensitive Information” or “UPSI” means any information, relating to the company or its securities, [Showing first 8,000 characters — download PDF for full document]