GAIL : TO BECOME 100% OWNER OF KONKAN LNG AFTER NCLT APPROVAL ⚡🔥

• 🏛️ NCLT has approved Konkan LNG's equity capital reduction scheme • 📑 Scheme involves cancellation of 14.81 crore equity shares held by GAIL and MSEB Holding Company • ❌ MSEB Holding Company's stake in Konkan LNG will be reduced to Nil • ✅ GAIL's shareholding in Konkan LNG will increase to 100% • 📅 NCLT order dated June 3, 2026; certified copy received on June 10, 2026 • 🏭 Konkan LNG is a subsidiary of GAIL and operates LNG infrastructure assets 🟢 Impact: Positive (GAIL gains full ownership and control of Konkan LNG, simplifying ownership structure and strengthening its LNG business portfolio.)

GAIL (INDIA) LTD

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