Prudential plc reduces shareholding in Mahanagar Gas Limited to 2.41%

Mahanagar gas has received a substantial acquisition disclosure from Prudential plc and its subsidiary companies under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a reduction in shareholding through a market sale transaction completed on 6th April 2026.

Transaction Details

The transaction involved the sale of 728,763 shares, representing 0.74% of Mahanagar Gas Limited's total share capital. This sale was executed through market sale mechanism, with the disclosure filed by Eastspring Investments (Singapore) Limited on behalf of Prudential plc.

Transaction Parameter: Details Shares Sold: 728,763 Percentage Sold: 0.74% Transaction Mode: Market sale Transaction Date: 6th April 2026 Filing Date: 8th April 2026

Shareholding Changes

The transaction resulted in a significant reduction in Prudential plc's stake in Mahanagar Gas Limited. Prior to this sale, the entity held 3,115,890 shares representing 3.15% of the company's total voting capital.

Shareholding Position: Before Transaction After Transaction Change Number of Shares: 3,115,890 2,387,127 -728,763 Percentage Holding: 3.15% 2.41% -0.74% Voting Rights: 3.15% 2.41% -0.74%

Company Information

Mahanagar Gas Limited's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The company's equity share capital remained unchanged at INR 987,777,780 both before and after the transaction. Prudential plc does not belong to the promoter or promoter group of Mahanagar Gas Limited.

Regulatory Compliance

The disclosure was signed by Siew May Lim, Director of Global Shareholder Reporting, acting for and on behalf of Eastspring Investment (Singapore) Limited. The filing was submitted to both stock exchanges where Mahanagar Gas Limited shares are traded, ensuring full regulatory compliance with SEBI takeover regulations.

Mahanagar gas Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026. The submission was made on April 07, 2026, addressing regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Atul Prabhu signed the submission, ensuring proper documentation of the quarterly compliance requirements.

Exchange Details: Information BSE Scrip Code: 539957 NSE Symbol: MGL Submission Date: April 07, 2026 Quarter Period: March 31, 2026

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate. The registrar confirmed adherence to prescribed procedures for handling securities received from depository participants during the quarter.

Registrar Details: Information Company: MUFG Intime India Pvt. Ltd. Signatory: Ashok Shetty, Vice President-Corporate Registry Certificate Date: April 07, 2026 Contact: mumbai@linkintime.co.in

Quarter Activity Summary

The registrar's certificate revealed no dematerialisation requests were received from shareholders during the quarter ended March 31, 2026. Despite the absence of such requests, the certificate was issued at the company's request to fulfill compliance obligations.

The confirmation covers several key aspects of the dematerialisation process:

Securities received from depository participants were properly confirmed to depositories

All security certificates received were mutilated and cancelled after verification

Depository names were substituted in the register of members within prescribed timelines

Listed securities maintained compliance with stock exchange requirements

Corporate Governance

This submission demonstrates Mahanagar Gas Limited's commitment to maintaining regulatory compliance and transparent corporate governance practices. The quarterly certificate ensures adherence to SEBI regulations governing depositories and participants, maintaining investor confidence through proper documentation and procedural compliance.

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