Mahanagar Gas Limited Announces Cessation of Venkatraman Srinivasan and Rajeev Bhaskar Sahi as Independent Directors and Chairman / Member of Various Committees
Mahanagar Gas Limited announced based on recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on August 23, 2024, considered, noted and approved cessation of Mr. Venkatraman Srinivasan as an Independent Director of the Company upon completion of his first term of 3 consecutive years with effect from on August 23, 2024 and consequently cessation as a chairman /member of various committees of the Board and cessation of Mr. Rajeev Bhaskar Sahi as an Independent Director of the Company upon completion of his first term of 3 consecutive years with effect from on August 23, 2024 and consequently cessation as a chairman /member of various committees of the Board.
Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.
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Mahanagar Gas Limited Announces Cessation of Venkatraman Srinivasan and Rajeev Bhaskar Sahi as Independent Directors and Chairman / Member of Various Committees
