Mahanagar Gas FY26: ₹30 Dividend, AGM on Aug 25

What Mahanagar Gas has announced

Mahanagar Gas Limited (MGL) has scheduled its 31st Annual General Meeting (AGM) for Tuesday, August 25, 2026 at 3:00 p.m. IST. The company said the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Alongside the AGM schedule, MGL also released its Integrated Annual Report for FY 2025-26.

The key shareholder decision on the agenda is the final dividend for FY 2025-26. The Board of Directors has recommended a final dividend of ₹18 per equity share, subject to shareholder approval at the AGM. MGL also highlighted that it had already paid an interim dividend of ₹12 per share in February 2026, which takes the total dividend for FY 2025-26 to ₹30 per equity share if the final dividend is approved.

AGM format, hosting platform, and filing details

MGL stated that the AGM will be held via VC/OAVM, aligning with the company’s electronic meeting format. The meeting will be hosted by Central Depository Services (India) Limited (CDSL), as per the information provided in the AGM communication.

The company said the AGM notice was filed on August 03, 2026 pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing reference mentioned is MGL/CS/SE/2026/716.

Dividend proposal: ₹18 final dividend, ₹30 total for FY26

The Board has recommended a final dividend of ₹18 per equity share for FY 2025-26. This final dividend remains subject to shareholder approval at the AGM. If approved, the final dividend will add to the interim dividend of ₹12 per share that was already paid in February 2026.

That combination takes the total dividend for FY 2025-26 to ₹30 per equity share. In a separate dividend statement dated May 14, 2026, the company reiterated that the Board approved the final dividend proposal (subject to AGM approval) and confirmed the ₹30 per share total when combined with the interim dividend.

Record date and cut-off date: who is eligible

MGL has set Tuesday, August 18, 2026 as the key date for shareholders. The company said this date serves both as:

• the record date for the final dividend, and
• the cut-off date for e-voting eligibility.

Voting eligibility is based on shareholders whose names appear in the Register of Members as of the cut-off date. The company also urged shareholders to update KYC details for dividend processing.

Remote e-voting window and voting rules

MGL has provided a defined remote e-voting window ahead of the AGM:

• Remote e-voting start: Saturday, August 22, 2026, 9:00 a.m. IST
• Remote e-voting end: Monday, August 24, 2026, 5:00 p.m. IST

The company noted that once a vote is cast, it cannot be changed. Shareholders who have already voted remotely may still attend the AGM, but they cannot vote again on resolutions already voted on through remote e-voting.

MGL said the voting results will be declared within two working days of the conclusion of the AGM.

FY 2025-26 financial performance disclosed so far

MGL reported that its revenue from operations increased by 13.58% to ₹9,059.77 crore for FY 2025-26. The company also reported EBITDA of ₹1,451.07 crore and Profit After Tax (PAT) of ₹846.82 crore for the fiscal year ended March 31, 2026.

The company also stated that it maintained a consistent dividend track record, declaring a total dividend of ₹30 per equity share for FY 2025-26, combining interim and proposed final dividends.

Prior-year AGM reference and continuity

The provided information also references MGL’s 30th Annual General Meeting, which was held on Friday, August 22, 2025 at 3:00 p.m. IST. The mention of earlier AGM proceedings and voting outcomes helps place the FY 2025-26 AGM schedule in the context of the company’s regular shareholder meeting cadence.

Separately, the material notes that a transcript is “not yet available,” without specifying the related event. Investors typically track such updates for management commentary and additional disclosures.

Key dates and facts at a glance

Market impact: what shareholders typically track from this update

For shareholders, the immediate takeaways are the dividend quantum and the eligibility timeline. The record date and the e-voting cut-off date being the same (August 18, 2026) makes it a single, clear reference point for entitlement and participation.

The FY 2025-26 financial numbers provide additional context for dividend capacity. MGL’s reported revenue from operations of ₹9,059.77 crore, EBITDA of ₹1,451.07 crore, and PAT of ₹846.82 crore frame the dividend decision that will be placed before shareholders.

Why this matters: governance process and payout clarity

AGM schedules and voting windows are operational disclosures, but they matter because they define the timeline for shareholder participation. In this case, MGL has clearly stated the remote e-voting window, the rule on vote finality, and when results will be announced.

On capital returns, the separation of interim and final dividends is also important for tracking total annual payouts. MGL has explicitly tied the proposed ₹18 final dividend to the already-paid ₹12 interim dividend to present the ₹30 total payout for FY 2025-26.

Conclusion

Mahanagar Gas will hold its 31st AGM on August 25, 2026 via VC/OAVM, with August 18, 2026 set as the record date for the proposed final dividend and the cut-off date for e-voting. Shareholders will vote on the ₹18 per share final dividend, which would take the FY 2025-26 total dividend to ₹30 per share including the interim dividend already paid. The company has said remote e-voting will run from August 22 to August 24, and voting results will be declared within two working days after the AGM concludes.