Mahanagar Gas Limited (MGL) has announced Tuesday, August 18, 2026, as the record date for determining eligible shareholders for its proposed final dividend of ₹18 per equity share for the financial year 2025-26.
The company informed the stock exchanges that the dividend recommendation, announced by its Board of Directors on May 7, 2026, remains subject to shareholders’ approval at the Annual General Meeting (AGM) scheduled for August 25, 2026.
₹18 Final Dividend Proposed for FY26
MGL has proposed a final dividend of ₹18 per equity share with a face value of ₹10 each, representing a 180% payout for FY26.
If approved by shareholders during the AGM, the dividend will be paid within 30 days from the date of the meeting.
August 18 Fixed as Record Date
Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has fixed August 18, 2026, as the record date to determine the eligibility of shareholders for receiving the final dividend.
Shareholders whose names appear in the company’s Register of Members or in the records maintained by depositories as of the close of business on the record date will be entitled to receive the dividend, subject to shareholder approval.
Dividend Subject to Tax Deduction
The company also clarified that the final dividend, if approved, will be paid after deduction of tax at source (TDS) at the applicable rates, in accordance with prevailing tax regulations.
Key Highlights
- Company: Mahanagar Gas Limited (MGL)
- Record Date: August 18, 2026
- AGM Date: August 25, 2026
- Proposed Final Dividend: ₹18 per equity share
- Face Value: ₹10 per share
- Dividend Rate: 180%
- Payment Timeline: Within 30 days of AGM approval
- Tax Treatment: Subject to applicable TDS
