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GAIL (India) Limited announced the implementation of the National Company Law Tribunal (NCLT) Order dated 03.06.2026, approving a Scheme for Reduction of Equity Share Capital of Konkan LNG Limited (KLL). Pursuant to this, KLL remitted consideration to GAIL and MSEB Holding Company Limited (MSEB) on 06.07.2026. An aggregate of 14,81,10,440 equity shares of ₹10 each in KLL, including 7,40,55,220 shares held by GAIL and 7,40,55,220 shares held by MSEB, were cancelled, resulting in MSEB's holding in KLL reducing to Nil and GAIL's shareholding increasing to 100%.
| Date | 13 Aug 2026 |
| Time | 07:15:44 |
| Category | Miscellaneous |
| ID | 5394Q |
Sub: Reduction of Share Capital of Konkan LNG Limited pursuant to implementation of Hon'ble NCLT Order dated 03.06.2026
This is in continuation of our letter of even no. dated 10.06.2026.
It is informed that pursuant to the implementation of the Hon'ble National Company Law Tribunal (NCLT) Order dated 03.06.2026 approving the Scheme for Reduction of Equity Share Capital of Konkan LNG Limited (KLL), the consideration was remitted to GAIL (India) Limited (GAIL) and MSEB Holding Company Limited (MSEB) by KLL on 06.07.2026.
Accordingly, upon payment of the consideration to the respective shareholders by KLL, an aggregate of 14,81,10,440 equity shares of ₹10 each, including 7,40,55,220 equity shares held by GAIL and 7,40,55,220 equity shares held by MSEB in KLL stand cancelled and extinguished i.e. MSEB holding in KLL reduced to Nil and GAIL shareholding increased to 100% of the equity share capital of KLL.
This disclosure is in compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.