Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026

MAHANAGAR GAS LIMITED MAHANAG AR Ref: MGL/CS/SE/2026/710 Date: July 30, 2026 Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Bandra-Koria Complex, Dalal Street, Bandra (East), Mumbai-400 001 Mumbai - 400 051 Scrip Code: 539957 Symbol: MGL Dear Sir / Madam, Sub: Outcome of Board Meeting held on Thursday, July 30. 2026 In continuation to our letter dated July 24, 2026 and pursuant to Regulations 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Schedule III of the Listing Regulations, we are attaching herewith Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with Independent Auditor's Limited Review Report thereon. The said Financial Results were duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meetings held today. The Board Meeting commenced at 1100 hours and concluded at I g 5 0 hours. The above information is also available 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 I E info@mahanagargas.com I W www.mahanagargas.com I CIN l40200MH1995PLC088133 An ISO 9001, 14001 & 4S001 Certified Company Deloitte Chartered Accountants Commerz Ill, 30th & 31st floors Haskins & Sells LLP International Business Park Oberoi Garden City Off. Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF MAHANAGAR GAS LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of MAHANAGAR GAS LIMITED ("the Company"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 Of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Pallavi Sharma (Partner) (Membership No. 113861) UDIN: 2Gll '3861PKOfON2.7 .lf2. Place: Mumbai Date: July 30, 2026 Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Ro;;id (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 MAHANAGAR GAS LIMITED ON: L40200MH1995PLC088133 Registered Office: MGL House, G-33 Block, Bandra-Kurla Complex, Bandra (East), Mumbai -400051 Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2026 (' in Crore) fot three months ended For the year Sr. ended Partlculars 30.06.2026 31.03.2026 30.06.2025 No. 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from Operations 2,597.89 2,258.07 2,280.44 9,059.77 II Other Income 30.37 28.99 31.93 119.20 Ill Total Income (I+ II) 2,628.26 2 287.06 2,312.37 9,178.97 IV Expenses: Purchase of Natural Gas and Traded Items 1,733.38 1,481.56 1,310.07 5,632.24 Changes in Inventories (0.91) (0.57) (0.36} {1.05) Excise Duty 226.18 206. .8 5 199.06 819.56 Employee Benefits Expense 46.34 42.98 37.07 176.36 Finance Costs 5.73 4.77 4.49 20.57 Depreciation and Amortisation Expenses 108.55 106.08 95.93 409.18 Other Expenses 249.92 266.91 233.89 981.59 Total Expenses 2,369.19 2,108.58 1,880.15 8,038.45 V Profit Before Tax for the period (111· IV) 259.07 178.48 432.22 1,140.52 VI Income Tax Expense : {i) Current Tax 48.02 24.30 93.71 232.92 (ii) Excess Provision for earlier years (0.22) - (0.22) (iii) Deferred Tax 17.35 22.48 18.95 61.00 Total Income Tax Expense (i+ii+iii) 6S.37 46.56 112.66 293.70 VII Profit After Tax for the period {V • VI) 193.70 131.92 319.56 846.82 VIII Other Comprehensive Income/ (Loss) Items that will not be reclassified to profit or loss 1.78 5.47 (0.71) 7.11 Income tax relating to items that will not be reclassified to profit or loss {0.45) {1.39) 0.18 (1.80) Total Other Comprehensive Income/ (Loss) 1.33 4.08 (0.53) 5.31 IX Total Comprehensive Income for the period {VII + VIII) 195.03 136.00 319.03 852.13 X Paid up Equity Share Capital 98.78 98.78 98.78 98.78 (Equity Shares of U0 each fully paid up) Other Equity Excluding Revaluation Reserve 6,335.48 XI Earnings per equity share (EPS) (Face value of~ 10/-each) Basic and Diluted (~)• 19.61 13.35 32.35 85.73 • Not annualised for the interim periods There were no exceptional item(s) and discontinued operation(s) during the periods presented. Notes to Standalone Financial Results Notes: 1. The above standalone financial results are submitted by the Company pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements} Regulations, 2015. The above standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at ~heir meeting held on July 30, 2026. 2. The above standalone financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013 read with rule 3 of the Companies {Indian Accounting Standards) Rules, 2015 as amended. 3. The Company is in the business of selling and distribution of natural gas. There are no separate reportable segments, other than selling of natural gas, as per IND AS 108 - "Operating Segments". 4. GAIL (lndla) Limited (GAIL) raised demand in April 2014 for transpo [Showing first 8,000 characters — download PDF for full document]