Buy Mahanagar Gas; target of Rs 980: Sharekhan
Sharekhan is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 980 in its research report dated August 26, 2022.27-08-2022
27-08-2022
Mahanagar Gas Ltd - 539957 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform that, Government of Maharashtra ('GOM') have informed the Company vide letter dated 26th August 2022 regarding withdrawal of GOM, Nominee Director - Mr. Baldev Singh from the Board of Mahanagar Gas Limited on account of his superannuation as Additional Chief Secretary (Industries), GOM. Accordingly, Mr. Baldev Singh has ceased to hold the office of Non- Executive, Non-Independent Director of Mahanagar Gas Limited w.e.f. 26th August, 2022.26-08-2022
Mahanagar Gas Ltd - 539957 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, given below is the schedule of meeting with Analyst/ Institutional Investors. (1) 5th September, 2022: Spark Capital Investor Conference, Meeting Type: Conference (2) 6th September, 2022: Ashwamedh - Elara India Dialogue 2022, Meeting Type: Conference Note: The above meeting schedule is subject to change. Changes may happen due to exigencies, logistical disorders and last minute conflicts on the part of investors and/or the Company.26-08-2022
Mahanagar Gas Ltd - 539957 - Intimation Of Appointment Of Statutory Auditor Of The Company At The 27Th Annual General Meeting
Pursuant to Reg. 30 of SEBI (LODR) Reg., 2015 & in continuation to our letter dated 08.02.2022, we wish to inform that the shareholders at 27th AGM held through VC on 24.08.2022, approved the Appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants (FRN: 117366W/W100018) as the Statutory Auditors of the Company for a term of 5 consecutive years commencing from conclusion of 27th AGM up to conclusion of 32nd AGM of the Company. The brief profile is as under: M/s Deloitte Haskins & Sells LLP, Chartered Accountants is registered with the Institute of Chartered Accountants of India (Registration No. 117366W/W100018). The Firm has around 2,500 professionals and staff. M/s Deloitte Haskins & Sells LLP has offices in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Ahmedabad, Hyderabad, Coimbatore, Kochi, Pune, Jamshedpur & Goa. The registered office of the Firm is One International Center, Tower 3, 27th to 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 40001326-08-2022
Mahanagar Gas Ltd - 539957 - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Mahanagar Gas Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here26-08-2022
Mahanagar Gas Ltd - 539957 - Shareholder Meeting / Postal Ballot-Disclosure Of Voting Results Of 27Th AGM (Pursuant To Regulation 44(3) Of SEBI (LODR) Regulations, 2015)
Pursuant to Regulation 44(3) of the Listing Regulations, and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, we enclose herewith the following, in respect of the 27th Annual General Meeting (AGM) of the Company held on Wednesday, August 24, 2022 at 11:00 a.m. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. 1. Disclosure of the voting results of the businesses transacted at the 27th AGM as required under Regulation 44(3) of the SEBI Listing Regulations. 2. Combined report of the Scrutinizer on Remote e-voting and e-voting conducted at the 27th AGM, dated August 25, 2022, pursuant to Section 108 of the Companies Act, 2013. Request you to kindly take the same on record.25-08-2022
Mahanagar Gas Ltd - 539957 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Pursuant to Regulation 44(3) of the Listing Regulations, and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, we enclose herewith the following, in respect of the 27th Annual General Meeting (AGM) of the Company held on Wednesday, August 24, 2022 at 11:00 a.m. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. 1. Disclosure of the voting results of the businesses transacted at the 27th AGM as required under Regulation 44(3) of the SEBI Listing Regulations. 2. Combined report of the Scrutinizer on Remote e-voting and e-voting conducted at the 27th AGM, dated August 25, 2022, pursuant to Section 108 of the Companies Act, 2013. Request you to kindly take the same on record.25-08-2022
Mahanagar Gas Ltd - 539957 - Shareholder Meeting / Postal Ballot-Outcome of AGM
In continuation to our letter dated 25th July, 2022, we wish to inform you that pursuant to the circulars issued by the Ministry of Corporate Affairs ('MCA') and Securities and Exchange Board of India (SEBI) and in compliance with the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the 27th Annual General Meeting of the members of the Company was held today i.e. on Wednesday, August 24, 2022 at 11.00 A.M. through Video Conferencing, to transact the business as stated in the AGM Notice. We submit herewith the Proceedings of the 27th Annual General Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.24-08-2022
Mahanagar Gas cuts PNG and CNG prices on higher supply from govt
The price of PNG has been reduced by Rs 4 per standard cubic metre to Rs 48.50 per SCM, while that of CNG by Rs 6 a kilogram to Rs 80 per kg, as per an official statement16-08-2022
Mahanagar Gas Ltd - 539957 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the transcript of the Earnings Conference Call on Unaudited Financial Results for the quarter ended June 30, 2022 held on August 08, 2022.s The transcript of the Earnings Conference Call uploaded on the website of the Company can be accessed through the web link: https://www.mahanagargas.com/UploadAssets/UploadedFiles/_q1-fy23-earning-call-transcript_93ca1f53f2.pdf The Earnings Conference Call was attended by following attendees on behalf of the Company: Name of Management Attendees Designation Mr. Sanjib Datta, Managing Director Mr. Sanjay Shende, Deputy Managing Director Mr. Rajesh Patel, Chief Financial Officer Further, we wish to inform that no unpublished price sensitive information was shared/ discussed in the call.16-08-2022