Indraprastha Gas Ltd Directors Report

To

The Members,

Your Directors have pleasure in presenting the twenty-seventh Annual Report and the Companys audited financial statements for the Financial Year ended March 31, 2026.

Physical Performance

During the year, the Company recorded sales as under:

Figures in Million Standard Cubic Meters (MMSCM)

Product	For the Year 31 March 2026	For the Year 31 March 2025	% Change (YoY)
Compressed Natural Gas (CNG)	2532.94	2432.50	4.13
Piped Natural Gas (PNG)	894.27	848.37	5.41
Total	3427.21	3280.87	4.46
Average Sales / per day (mmscmd)	9.39	8.99

Financial Results

The Companys financial performance for the year ended March 31, 2026 is summarised below:

The Companys financial performance for the year ended March 31, 2026 is summarised below:
		( H in Crores)
Items	For the Year 31 March 2026	For the Year 31 March 2025
Net Sales & Other Income	16,650.96	15,369.07
Profit before Depreciation & Tax	2,320.16	2,410.97
Depreciation	514.61	474.07
Profit before tax	1,805.55	1,936.90
Provision for tax	441.45	469.31
Profit after tax	1,364.10	1,467.59
Other comprehensive income	3.58	(0.31)
Total comprehensive income	1,367.68	1,467.28
Retained Earnings – opening balance	8,700.52	8,108.24
Add : Profit for the period	1,364.10	1467.59
Profit available for appropriations	10,064.62	9575.83
Appropriations:
Dividends	665.00	735.00
Transferred to general reserve	-	-
Bonus shares	-	140.00
Other comprehensive income recognised directly in retained earnings	3.58	(0.31)
Retained Earnings – closing balance	9,403.20	8,700.52

Financial Reviews

During the year, the gross turnover of the Company has increased from H 16,399.70 Crores in FY 2024-25 to H 17,785.36 Crores in FY 2025-26 showing an increase of 8%.

The Profit After Tax (PAT) decreased by 7% from H 1,467.59 Crores in FY 2024-25 to H 1,364.10 Crores in FY 2025-26.

The Company has prepared the Consolidated Financial Statements which includes Companys share in net profit/loss of the Subsidiary and also includes the Companys share of profit in its Associates combined on an equity method in accordance with Ind AS 28 - "Investment in Associates and Joint Ventures". The Consolidated PAT during FY 2025-26 is H 1,543.51 Crores against H 1713.01 Crores in the previous year.

Dividend

Your Company is pleased to recommend a final dividend of 75% (H 1.5/- per share). The proposed dividend would absorb H 210 Crores.

Your Company had also declared interim dividend of 162.5% i.e. (H 3.25/- per share) paid during financial year 2025-26.

The Company has Dividend Distribution Policy in terms of the requirement of SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015. The Policy is available on the website of the Company under the web-link: https://www. iglonline.net/detailPage/policies

Performance Highlights

Compressed Natural Gas Business

During the year, your Company augmented CNG infrastructure in its Geographical Areas. The Company achieved a new milestone by setting up 1024th CNG station in FY 2025-26. In FY 2025-26, 70 new CNG stations were commissioned. CNG capacity enhancement/ upgradation was done at 09 CNG stations and 23 stations were converted from Daughter Booster to Online in FY 2025-26. With these achievements, the Company has achieved total compression capacity of 129.81 lacs kgs per day and is catering to around 23 Lacs vehicles.

Your Company provides prepaid card facility for its CNG customers in order to promote digital payments. Till now more than 2,10,000 prepaid cards are under circulation catering to approx. 2 lacs vehicles. In line with Digital India, Company has done forecourt payment automation at its CNG stations which will increase the customer satisfaction and transparency in CNG billing. Company has taken more initiatives in Digital Payments at CNG stations for the benefit of customers, wherein UPI payment can be made at CNG stations through wallet payments mode. The Company has also tied up with Bhim UPI for enabling UPI payments collection from all modes of payment. The combined effort towards digital payment collection has helped in a growth of 12% in digital payment collection this year vis-?-vis last year.

Your Company has conducted joint promotion activities with Maruti Suzuki India Limited, Tata Motors, Bajaj, Mahindra and Hyundai at the CNG stations. Due to constant interactions with the car manufacturers, they have launched company fitted CNG variants, which are becoming popular among the customers and thus boosting the sales of CNG.

Consistent follow-ups with State Transport Units (STUs) have yielded positive results, with UPSRTC & UTC added 100 new CNG buses in FY 2025-26.

Piped Natural Gas Business

PNG - Domestic Connections

PNG continued to be focus area of the Company during FY 2025-26. The Company provided more than 3.70 lacs new connections during the year 2025-26. In order to create the PNG awareness further amongst target customers, a successful campaign was run during the year. A significant growth of 24.22 MMSCM i.e. around 9.5% in PNG domestic sale have been achieved in FY 2025-26, resulting in total sale of 279.25 MMSCM in FY 2025-26 as against total sale of 255.03 MMSCM in FY 2024-25. Your Company increased its steel pipeline network from 2347 kms in FY 2024-25 to 2602 kms in FY 2025-26 and its MDPE network from 27,399 kms in FY 2024-25 to 29,734 kms in FY 2025-26.

Shri Sanjay Khanna, CMD, BPCL & Shri Sandeep Kumar Gupta, CMD GAIL, inaugurating the IGL Pavilion at India Energy Week 2026 in the presence of IGL officials.

Your Company has truly embraced innovation to drive PNG adoption, deploying a comprehensive strategy that spans low-cost promotional campaigns and e-rickshaw promotions for urban villages, engaging womens meets, utilizing modern channels like QR codes on promotional boards in residential societies, bulk messaging and WhatsApp group advertisements to reach potential customers. To further encourage conversion, your Company also promotes easy registration via its website and call-centres, and critically, offers customer-centric financial schemes such as the Fixed Daily Charges (FDC) Scheme, where customers pay a nominal daily charge instead of an upfront installation security deposit, and the Equated Monthly Instalment (EMI) Scheme, which allows customers to pay the refundable security deposit in convenient bi-monthly instalments. These initiatives collectively demonstrate IGLs commitment to making PNG accessible and appealing across diverse customer segments.

In new GAs like Ajmer, Pali, Karnal, Kaithal, Muzaffarnagar, Meerut, Kanpur, Fatehpur, etc. an overall growth of approx. 32% in new billable customers have been registered so far as on 31.03.2026. Spot billing has been fully implemented in all GAs, enabling 100% accurate retail bill generation in real time with immediate hand-to-hand delivery leading to a notable improvement in reading output of more than 80%. Keeping in pace with digitalization and to use the social media platforms effectively, your Company is promoting self-billing option through conveniently designed short videos. These short videos are sent along with the PNG bills sent on SMS/ WhatsApp to educate customers on self- billing, empowering customers to generate accurate bills at their convenience.

Your Company has also started the digital transformation by launching a WhatsApp Chatbot, providing 24/7 instant customer interaction, service request handling, bill delivery, and payment collection, all through the same platform for added convenience. Your company has once again achieved the significant milestone of 2 million electronic bill delivery subscribers. Further, to enhance bill readability and customer convenience, the PDF copy of the invoice is being shared with all domestic customers through WhatsApp. With consistent and firm efforts an average of 85% monthly actual/retail meter reading collection have been achieved during FY 2025-26 with 100% billing of all moved-in PNG-Domestic customers. The remarkable 97% adoption rate for online payments clearly demonstrates the convenience and ease of IGLs digital payment options. This high engagement reflects a strong customer preference for seamless, online transactions, underscoring the success of the Companys efforts in promoting and facilitating digital payments for its services in all GAs of the Company. Also, your Company has expanded and strengthened cash collection infrastructure in rural areas by partnering with Common Service Centres (CSCs), significantly improving accessibility and convenience for customers in remote locations. IGLs commitment to operational excellence and customer satisfaction is evident in its impressive service metrics. Beyond the 97% online payment adoption rate, the Company also achieved a 96% success rate in hardcopy bill delivery for approximately 3.4 lakh customers. These accomplishments collectively underscore IGLs dedication to leveraging technology and customer-centric solutions, ensuring an exceptional and seamless experience for its valued customers.

The Company had a total of more than 34.4 Lakhs connections in Delhi & other geographical areas as on March 31, 2026.

PNG – Commercial & Industrial

During the year, your Company continued its thrust on the Commercial & Industrial segment which is one of the potential growth areas in the upcoming years. In Industrial Segment, your Company achieved sales volume growth of around 4% i.e. from 322.53 MMSCM in FY 2024-25 to 335.88 MMSCM in FY 2025-26 and in Commercial segment, your Company achieved a growth of around 9% in sales volume i.e. from 88.43 MMSCM in FY 2024-25 to 96.74 MMSCM in FY 2025-26.

In terms of number of customers, the industrial customer base increased from 5265 in March 2025 to 5502 in March 2026 and commercial customer base increased from 6876 in March 2025 to 7576 in March 2026.

In Delhi, Delhi Pollution Control Committee (DPCC) has banned all other industrial fuels except PNG and has advised all industrial customers (wherever PNG is available) to switchover to PNG. The Commission for Air Quality Management (CAQM) has also directed switching over of DG sets to PNG and Dual fuel (PNG and Diesel) mode in Delhi and NCR. Your Company has efficiently co-ordinated to implement the mandate given by DPCC and the CAQM by facilitating customers for smooth switchover to PNG supply. In this regard, your Company has been able to convert all polluting industries located in NCT of Delhi to PNG supply. In order to curb down air-pollution levels and to increase natural gas volumes, your Company has targeted power generation, manufacturing etc. wherein PNG is replacing usage of polluting fuels. IGLs PNG network is widely available among various Industrial & Commercial clusters of Delhi and NCR towns of Ghaziabad, Gautam Budh Nagar, Hapur, Muzzaffarnagar, Gurugram, Rewari, Karnal.

Your Company is working with a focused approach to further expand/ strengthen pipeline network by providing last mile connectivity to the Industrial & Commercial establishments in existing areas where pipeline grid is available and expand pipeline network to cater to other industrial areas.

In Industrial & Commercial segment 1523 new registrations were completed during the FY 2025-26 and pipeline laying was started in new areas like Hapur, YEIDA in Uttar Pradesh, Connaught Place, Bakoli, Okhla Phase 3 & Paharganj in Delhi. Your Company is also expanding its network to new Geographical Areas (GAs) like Muzzaffarnagar, Meerut & Shamli, Kanpur (other than area already authorized), Fatehpur & Hamirpur, Ajmer, Rajsamand & Pali and Banda & Chitrakoot to cater the demand of Industrial & Commercial segment. Natural gas is a vital component of modern industry and commerce, offering a clean-burning, efficient, and reliable source of energy. Industrial and commercial connections to natural gas networks enable businesses to harness this valuable resource, driving growth, productivity, and sustainability. Your Company is also working in a collaborative and participatory approach with UPSIDA, NEA, Udyog Bandhu, YEIDA, F&S department so as to work out an action plan to convert all industrial and commercial units to PNG (wherever IGLs PNG network is available). To further expand its footprint, your Company has been able to execute Gas Sale Agreements (GSA) with Industrial & Commercial Customers in Muzzaffarnagar, Jewar industrial area, Hapur, Rewari, Kanpur, Pali & Ajmer Geographical Areas (GAs) and also started supplying PNG which would facilitate increase in consumption of Natural Gas (NG) volumes.

As part of the Companys continued focus on expanding PNG penetration and accelerating customer conversion, PNG Drive 2.0, implemented from January 2026, focused on customer outreach through RWAs and residential societies, awareness campaigns,simplifiedregistrationprocesses,customerincentive schemes, and rollout of Spot Billing across all geographical areas. The initiative also promoted digital registrations and enhanced customer engagement through targeted on-ground activities. During the last quarter of FY 2025–26, the initiative resulted in over 1.65 lakh new connections, significantly strengthening the customer acquisition momentum across IGLs operational geographies. The initiative also enabled the release of more than 400 commercial PNG connections during January–March 2026.

The Company also faced challenges due to fluctuations and reduced availability of domestically allocated natural gas. To ensure uninterrupted PNG/CNG supply, particularly to priority sectors, the Company optimised its gas sourcing portfolio by procuring additional gas from alternate sources, strengthened supply planning and demand management, and enhanced operational efficiencies across its network. These measures enabled the Company to maintain reliable gas supply with minimal disruption to customers. Except as stated above, no material changes and commitments affecting the financial position of the Company have occurred between the end of the financial year and the date of this Report.

Associate Companies

Central U. P. Gas Limited (CUGL)

CUGL is engaged in City Gas Distribution in the cities of Kanpur, Bareilly, Jhansi and Unnao in Uttar Pradesh. Your Company holds 50% of the paid-up equity share capital of CUGL.

CUGL achieved a gross turnover of H 747.76 Crores and Profit After Tax of H 63.11 Crores for the financial year ended March 31, 2026.

Maharashtra Natural Gas Limited (MNGL)

MNGL is in City Gas Distribution business in Pune, Pimpri, Chinchwad, Chakan, Talegaon and Hinjewadi, Nasik GA (Nasik, Dhule & part of Valsad), Sindhudurg GA in the state of Maharashtra and Ramanagara GA in the state of Karnataka. Your Company holds 50% of paid-up equity share capital of MNGL.

MNGL achieved a gross turnover of H 4,324.20 Crores and Profit After Tax of H 538.90 Crores for the financial year ended March 31, 2026.

The statement containing the salient features of the financial statements of Companys Associates and Subsidiary pursuant to the first proviso to sub-section (3) of Section 129, is appended as Annexure 1 to this Report.

Future Outlook

In line with its mission and vision, your Company is actively pursuing strategic initiatives to strengthen its position in an increasingly dynamic and competitive environment. The growth strategy includes both organic and inorganic approaches, with a focus on enhancing the core City Gas Distribution (CGD) business while also diversifying into new areas beyond the core business.

Renewable Space

Your Company is exploring usage of Renewable Energy (RE) in place of conventional grid power, which will be a step towards carbon emission reduction and net zero. Your Company is in process of short-term procurement of RE power for one CNG station in Delhi under Green Energy Open Access of Delhi Electricity Regulatory Commission (DERC). Upgradation of electrical infrastructure for this pilot project is under discussions with concerned electricity DISCOM.

Your Company has signed a Joint Venture Agreement with Rajasthan Vidyut Utpadan Nigam Limited (RVUNL) for setting up a greenfield Solar power plant of 500 MWp capacity with an estimated equity investment of around H 450 Crores. Name of the Joint Venture Company has been reserved as IGL Rajasthan Renewables Ltd. with Ministry of Corporate Affairs and registration of Joint Venture Company is in process.

Your Company has also floated a tender for setting up a Solar plant of 200 MW in the state of Rajasthan.

Your Company has installed Solar panels at the canopy of IFC-V CNG Station and the same has been commissioned.

Your Company has a target of achieving a total of 2 GWp capacity of Renewable Energy in the near future.

LNG/LCNG

Currently, Two LNG/LCNG stations are operational, one in Ajmer and the other one at Container Corporation of India (CONCOR) Terminal, Dadri. Two additional stations, one each in Rewari and Greater Noida along the Golden Quadrilateral highway are under construction.

Compressed Biogas (CBG)

Your Company is actively contributing to the SATAT (Sustainable Alternative Towards Affordable Transportation) and CBG-CGD Synchronization initiatives by the Ministry of Petroleum and Natural Gas. At present, your Company is off taking CBG from sixteen plants, including direct pipeline injection from six of them.

Badminton training by Team IGL

Additionally, a 100 TPD Municipal Solid Waste (MSW) based CBG plant is commissioned at Ghoga Dairy, Narela, New Delhi, a 250 TPD Spent wash plus Pressmud-based CBG plant is commissioned at Kaithal and a 300 TPD Municipal Solid Waste (MSW) based CBG plant is under planning stage at IFC Complex, Ghazipur, Delhi, wherein a land parcel admeasuring ~10 acres is already handed over by MCD to IGL, as part of your Companys plan to invest in 10 CBG plants based on various feed stocks.

Joint Venture

The meter manufacturing facility under the Joint Venture Company between IGL and Genesis Gas Solutions Private Limited, named as IGL Genesis Technologies Limited, has been commissioned and is in operation. The facility is located at an industrial shed in Sector 145, Noida, taken on a long-term lease.

Acquisition and Investment in other companies

We continue to explore potential acquisitions of complementary CGD companies and assess strategic investment opportunities as they emerge in the market.

Your Company is also exploring International opportunities for CGD expansion and other related business segments.

Information Technology

Your Company has continued the journey of digital transformation while strengthening the vision of establishing a robust technological roadmap with focus on customer-centricity, service delivery, cybersecurity and operational modernization. ERP & IT department as business enablers has joined hands with business and senior leadership to undertake various initiatives aimed at achieving faster service, better customer access, improved transparency, and more reliable digital experiences for the customers and employees.

Your Company has augmented the customer service portfolio of applications through the rollout of Spot- Billing application, enhancements in self-billing related functionalities, launch of Dealer Owned Dealer Operated (DODO) portal and Kickoff of Advanced Sales Force CRM system. Roll-out of Spot-Billing in IGL GAs had enabled on-the-spot bill generation and instant payments, improving convenience for customers while supporting faster revenue realization. The self-billing capability was also expanded to the web interface in addition to the mobile application, increasing accessibility and enabling more customers to manage billing digitally through their preferred channel. Roll-out of DODO portal for automation & streamlining the process of inviting & evaluating EOI for setup of CNG stations with the integration of an online payment gateway has further supported the transparency and ease in payment collection.

The implementation of the Advanced Salesforce CRM project had also started through Project Navdrishti, which represents a strategic customer-focused milestone aiming to build stronger customer relationship management capabilities, better service coordination, and more structured engagement across touchpoints. As a follow-on project, proposal was also initiated for a new cloud-based contact centre solution for the IGL call centre, designed as an omni-channel platform with enhanced calling experience and call analytics.

Your Company had implemented e-office application which has significantly reduced paperwork and time. This has increased transparency & traceability and at the same time shortened the response cycles and also has improved internal coordination. Enhanced organizational readiness for future digital service expansion through the development of new low-code/no-code platform has also been ensured in your company. Various existing applications viz. IGL intranet shall also be migrated to this new platform shortly along with development of new employee-centric applications to enhance the operational efficiency.

Your Company has undertaken many other foundational investments in network security, resilience, and modernization of existing SAP ERP system that has improved service continuity and customer confidence.

The implementation of EBRS, the Electronic Bank Reconciliation System in your Company has improved reconciliation speed, accuracy, and cash-flow visibility, which supports more reliable financial operations and fewer delays in payment tracking. Additional EMI and discount schemes for PNG domestic customers in SAP, demonstrates a direct affordability and retention-oriented customer initiative.

Your Company has continued to appreciate the necessity of having a robust technological foundation built on seamless network connectivity, secure cyber security posture and reliable storage/server infrastructure for which a number of measures and initiatives were undertaken. Advanced email security was rolled out for employees and third-party staff to ensure secure communication. A leading Endpoint Detection

& Response solution with integrated identity protection was deployed to improve endpoint defence, AI-driven threat detection, and incident response capability. Your Company had engaged a specialist cybersecurity consultancy to strengthen data protection governance, compliance posture, and control frameworks. Cybersecurity awareness and training program (Cyber Olympics) was launched at the IGL Corporate Office to boost employee engagement and overall cyber resilience. Your Company has also been conducting an independent annual third party audit of cybersecurity controls which was completed to identify gaps, validate controls, and define maturity improvements.

Core network infrastructure is considered as a backbone of robust communication system for your company has again set up secure SD WAN connectivity at 189 IGL sites for enhanced network security, performance and centralized management. Your Company has also enhanced and augmented the existing SAN (Storage Area Network) infrastructure with additional storage along with implementation of "Safeguard copy" feature as an additional initiative for strengthening cyber resilience through ensuring protection from Ransomware by creating a tamperproof immutable copy of production data.

Human Resources

Your Company recognizes that future challenges can be most effectively addressed through a competent and motivated workforce. We therefore place strong emphasis on developing, engaging, and empowering our human resources to drive sustained success. Your Company undertakes a range of initiatives aimed at enhancing the value of human resource. The Company periodically reviews HR Policies and employee benefit programs to ensure they remain competitive and aligned with best industry practices. Your Company accords highest priority to employee wellness and well-being. In line with this commitment, Mediclaim insurance coverage, conduct of yoga programs, medical consultation programs were conducted for the employees.

UpskillingofemployeesformsanintegralpartofyourCompanys Policy towards accomplishing organizational goal. Continuous training, both technical and non-technical, is essential for the personal and professional growth of employees. During the year, our employees were provided with high quality technical training programs such as Burckhardt Compressor Training, Gas Engine Training, Coriolis Mass Flow Meters & Diagnosis etc. The employees were also provided with other best of trainings viz. Virtual AI Capability Building Program, online training through Coursera, Customer Service Excellence, Business Communication & Corporate Etiquette, Emotional Intelligence

& Self-awareness, Prevention of Sexual Harassment (POSH), Power-Up IGL, Labour Laws & Statutory Compliances.

During the year, your Company successfully operationalized the World Trade Centre (WTC) Office, New Delhi and Noida Office, reinforcing the Companys infrastructure capabilities while contributing to long-term cost optimization and business expansion.

Employee engagement and organizational culture remained a key priority. The publication of in-house Human Connect magazine, the successful celebration of Foundation Day, and the expansion of the IGL Ladies Club strengthened employee and family connect while reinforcing the Companys values of inclusivity, collaboration, and social responsibility.

The Company also undertook large-scale sports and wellness initiatives, engaging employees for Chess, Cricket, Carrom, Badminton, and Table Tennis tournaments, fostering teamwork, camaraderie and a culture of well-being. A standout achievement was the successful hosting of the prestigious PSPB Chess Tournament at Karnail Singh Stadium, Delhi, featuring participation from 21 Grand Masters and earning widespread appreciation for its flawless planning, professional execution, and exceptional hospitality.

Your Company inducted a number of young, talented and experienced professionals to infuse knowledge and expertise into the organization. A comprehensive induction training program was also imparted to these newly inducted professionals.

Your Company continues to maintain harmonious, cordial and healthy relations among all level of employees. It deeply values and recognizes the contribution of its workforce, which have been instrumental in driving the growth and success of your company.

Health Safety and Environment (HSE)

Your Company continued to make notable progress in the domain of Health, Safety and Environment (HSE) during the year, reflecting its unwavering focus on strengthening safety culture, enhancing operational reliability, and driving excellence across all areas of operations.

The safety and well-being of frontline workforce continued to remain a critical priority for the Company. Accordingly, all the field staff undergo mandatory Safety and Technical Competency (STC) training before deployment at operational sites. While all routine operations are executed in strict adherence to established Standard Operating Procedures (SOPs), non-routine and critical activities are closely supervised and controlled through an app-based Safety Work Permit system to ensure safe execution and regulatory compliance.

To further build and enhance employee competencies, specialized training programmes on Process Safety Management (PSM) were conducted for employees to strengthen technical capabilities and process safety awareness across the organization.

Your Companys strong commitment towards emergency preparedness and response is reflected through its robust safety management practices. In order to evaluate the effectiveness of the Emergency Response and Disaster Management Plan (ERDMP), more than 500 on-site mock drills were conducted during FY 2025–26, including participation in more than 100 off-site mock drills organized in coordination with district administration and external emergency response agencies, demonstrating effective inter-agency coordination and preparedness.

As part of its sustained efforts towards public and consumer safety awareness, the Company conducted over 575 safety awareness camps for PNG consumers at customer premises and for CNG customers at CNG stations. In addition, safety awareness messages were disseminated extensively through FM radio, digital media, and social media platforms to promote safe handling and usage of natural gas among the wider community.

To strengthen awareness among key stakeholders, dedicated safety awareness programmes were organized for CNG Transport Associations and CNG Retro-fitment Centres, with emphasis on the importance of periodic hydrostatic testing of CNG cylinders and its role in enhancing operational safety at CNG stations. Furthermore, under the "Dial Before Dig" campaign, multiple workshops were conducted with various agencies and district authorities to safeguard the integrity of the gas pipeline network and prevent third-party damages. Specialized safety awareness sessions were also organized for officials of State Fire Services to familiarize them with critical safety and emergency response aspects associated with City Gas Distribution (CGD) operations.

Your Companys steadfast commitment to Health, Safety, and Environment (HSE) excellence was recognized with the prestigious Petroleum and Natural Gas Regulatory Board Excellence Award 2025 for outstanding performance in Safety, Integrity, and Technical Excellence. In addition, the Company was conferred with the India HSE Summit & Awards 2025 in the Best Emergency Preparedness & Response category and received a Certificate of Appreciation for the year 2025 from the National Safety Council, India. These recognitions reinforce the Companys continued pursuit of best-in-class safety standards and operational excellence.

The Companys commitment towards continual improvement and adoption of global best practices is further demonstrated through its internationally recognized management system certifications, including ISO 45001:2018 for Occupational Health & Safety Management, ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 50001:2018 for Energy Management Systems.

These certifications collectively reflect your Companys enduring commitment towards maintaining the highest standards of safety, sustainability, and operational excellence through implementation of world-class HSE practices that consistently exceed statutory and regulatory requirements.

Corporate Social Responsibility

Your Company remains steadfast in its dedication to CSR, channelling efforts to create a meaningful and positive impact on society. For FY 2025-26, we strategically expanded our core pillars: Health & Sanitation, Skill Development & Livelihood Enhancement with a emphasis on Women Empowerment, and Education & Community Infrastructure Development across IGLs Geographical Areas.

In Health & Sanitation, active projects include conducting eye care and cataract surgery camps at IGL CNG stations, the ‘Jan Arogyam initiative in Nithari, stray animal welfare in Noida, and rural health infrastructure upgrades in Pali. We are deploying an Advanced Life Support (ALS) Paediatric Ambulance at AIIMS, Delhi, alongside cancer patient rehabilitation at Safdarjung Hospital. Expanding healthcare outreach, upcoming rollouts include a Mobile Medical Unit, a Mobile Dental Research centre at Guru Gobind Singh Indraprastha University (GGSIPU), the PM Divyasha Kendra in Chitrakoot, a Mental Wellness Centre in Ghaziabad, and planned school sanitation blocks in Fatehpur.

Skill Development and Women Empowerment remain pivotal to our strategy. Beyond completed and ongoing skill programs across Delhi, Ghaziabad, and Banda, preparations are underway to launch a specialized Apparel Skill Training project aimed at sustainable womens livelihood generation.

In an innovative step towards community empowerment, we successfully converted community halls into libraries in Delhi, provided specialized mobile education and transport vehicles, and completed extensive solar illumination across Bikaner, Meerut, and Kanpur. Ongoing initiatives continue to support 333 Ekal Vidyalayas, smart classes for neurodiverse needs, and school & sports stadium renovations in Rewari. Furthermore, our developmental pipeline is set to construct new classrooms in rural Kaithal, establish computer labs in Ajmer and install solar street lights across Karnal & Kaithal.

These initiatives underscore our profound commitment to societal advancement and our sustained dedication to CSR, as elaborated in the annual report on CSR activities appended as Annexure 2 to this report.

Directors Responsibility Statement

Pursuant to the provisions of Section 134 (5) of the Companies Act, 2013, your Directors hereby confirm that:

I. In the preparation of Annual Accounts for the financial year ended March 31, 2026, the applicable accounting standards have been followed;

II. They have selected such accounting policies and applied them consistently except where otherwise stated in the Notes to Accounts and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

III. They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

IV. They have prepared the Annual Accounts for the Financial Year ended March 31, 2026 on a going concern basis;

V. They have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

VI. They had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

REPORTING OF FRAUDS BY AUDITORS

The Auditors in their report for the year have not reported any instance of fraud committed by the officers/employees of the Company.

Directors

Shri Sukhmal Kumar Jain, Nominee of BPCL, ceased as Chairman and Director of the Company w.e.f. May 01, 2025. Shri Raj Kumar Dubey, nominee of BPCL, was appointed as a Director and Chairman of the Company w.e.f. May 01, 2025. He ceased as Chairman and Director of the Company w.e.f. April 01, 2026 and in his place Shri Subhankar Sen, nominee of BPCL, was appointed as a Director and Chairman of the Company w.e.f. April 01, 2026.

Shri Kumar Shanker, Nominee of GAIL, was appointed as the Managing Director of the Company w.e.f. June 05, 2026, in place of Shri Kamal Kishore Chatiwal who ceased as the Managing Director and as a Director of the Company w.e.f. June 05, 2026.

Ms. Niharika Rai, Nominee of NCT of Govt. of Delhi, was appointed as a Director of the Company w.e.f. August 19, 2025 in place of Shri Prashant Goyal who ceased as a Director of the Company w.e.f. August 19, 2025.

Tenure of Dr. Shyam Agrawal, Independent Director of the Company, was extended as an Independent Director for a period of one year w.e.f. December 06, 2025.

Shri Manjeet Singh Gulati, was designated as Chief Financial Officer (CFO) w.e.f. May 21, 2026. Shri Sanjay Kumar, ceased as CFO, w.e.f. May 21, 2026, as he was repatriated to BPCL, Promoter Company of IGL.

The Board takes this opportunity to place on record its appreciation for valuable contribution made by Shri Sukhmal Kumar Jain, Shri Raj Kumar Dubey, Shri Kamal Kishore Chatiwal Prashant Goyal and Shri Sanjay Kumar during their tenure as the Chairman, Managing Director, Director and CFO of the Company, respectively.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as provided under Section 149(6) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as the "Listing Regulations").

The details of programmes for familiarization of Independent Directors with the Company are put up on the website of the Company, i.e., https://www.iglonline.net/uploads/files/ Familiarisation%20Programmes%20for%20Independent%20 Directors_05_05_2026.pdf

Chairman (Non-Executive) of the Board of IGL is appointed on a rotational basis for a term of two years by GAIL and BPCL, Promoter Companies of IGL. The Managing Director and Director (Commercial) are nominated by GAIL (India) Limited (GAIL) and Bharat Petroleum Corporation Limited (BPCL), respectively and the terms and conditions of their appointment including remuneration are advised by their parent organizations. The Nomination & Remuneration Committee considers various criteria such as Knowledge/skill required, experience, Minimum educational qualification, age, role in this Company, gender, other requirements as per Companies Act, 2013 and SEBI Listing Regulations while recommending the name of the Independent Directors.

The Board of Directors carried out the evaluation of Directors, Committees of Board and the Board as a whole, based on the laid down criteria of performance evaluation.

In the opinion of the Board of Directors, Independent Directors have required integrity, expertise and experience.

There were no significant or material orders passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future and there is no proceeding pending under the Insolvency and Bankruptcy Code, 2016.

Corporate Governance

As per the requirement of the Listing Regulations, a detailed Report on Corporate Governance and certificate regarding compliance of conditions of Corporate Governance are annexed as part of the Annual Report.

The Auditors Certificate on Corporate Governance for FY 2025-26 of M/s Agarwal S. & Associates, Practicing Company Secretaries is self-explanatory and does not call for any further comments.

The Company has followed the applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

Business Responsibility and Sustainability Report

Detailed Report on Business Responsibility and Sustainability Report is annexed as part of the Annual Report.

Deposits

During the financial year 2025-26, your Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014.

Particulars of Loans, Guarantees or Investments

During the financial year 2025-26, your Company has granted loans amounting to H 12.75 Crores to IGL Genesis Technologies Limited (Subsidiary Company).

During the financial year 2025-26, your Company has not given any guarantee.

Amount which the Company proposes to carry to any Reserves, if any

For the financial year 2025-26, your Company has not transferred any amount to the general reserve of the Company.

Number of Meetings of the Board and Audit Committee

The details of the number of meetings of the Board and Audit Committee held during the financial year ended March 31, 2026 and composition of Audit Committee are given in Corporate Governance Report.

Related Party Transactions

Policy on materiality of Related Party Transactions and on dealing with Related Party Transactions has been disclosed on the website of the Company at:- https://www.iglonline.net/ detailPage/policies

Details of transactions with related parties are being disclosed separately in the Annual Report. As per Regulation 23 of Listing Regulations, prior approval of Shareholders has been taken for Material Related Party Transactions for the Financial Year 2026-27.

Prevention of Sexual Harassment at Workplace

As per the requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 and Rules made thereunder, your Company has constituted Internal Complaints Committee (ICC). During the FY 2025-26, status of complaints is as under:

1. Number of Sexual Harassment Complaints received – 0

2. Number of Sexual Harassment Complaints disposed off – 0

3. Number of Sexual Harassment Complaints pending beyond 90 days. – 0

MATERNITY BENEFIT ACT

Your Company has complied with all applicable provisions of the Maternity Benefit Act, 1961 and subsequent amendments.

Risk Management and Internal Financial Control Adequacy

Your Company has Risk Management System in place including the Risk Policy & identification of the Risks which are reviewed periodically. The Company has also Risk Management Committee as per the requirement of the Listing Regulations. During the Financial year 2025-26, the Enterprise Risk Management (ERM) Policy was revised by the Company. Your Company has laid down a set of standards, processes and structure for internal financial control across the organization and ensures that the same are adequate and operating effectively.

Vigil Mechanism

The Company has a well-defined Vigilance framework which provides a platform to the employees, directors, vendors, suppliers and other stakeholders of the Company to come forward and raise their genuine concerns without any fear of retaliation and victimization. Besides Whistle Blower Policy, the Company has also framed Vigil Mechanism Policy. The stakeholders can lodge their complaint(s) to Chief Ethics & Vigilance Officer of the Company. During the Financial year 2025-26, the Vigil Mechanism and Whistle Blower policies were revised by the Company. The details of the revised Whistle Blower Policy are available on the website of the Company: https://www.iglonline.net/detailPage/policies

Cost Auditors

Your Company had appointed M/s Ramanath Iyer & Co., New Delhi as Cost Auditors for the FY 2025-26. As per Section 148 read with Companies (Audit & Auditors) Rules, 2014 and other applicable provisions, if any, of the Companies Act, 2013, the Board of Directors of your Company has appointed M/s Ramanath Iyer & Co., New Delhi, as the Cost Auditors of the Company for the FY 2026-27. The remuneration proposed to be paid to the Cost Auditors is subject to the ratification by the members at the ensuing Annual General Meeting of the Company.

Your Company is maintaining cost records as specified by the Central Government under Section 148 of the Companies Act, 2013.

Secretarial Auditors and Secretarial Audit Report

During the Financial year, the Members approved the appointment of M/s Agarwal S. & Associates, Practising Company Secretaries, (Firm Registration No. P2003DE049100), as the Secretarial Auditors of the Company for a term of five consecutive years commencing from financial year 2025-26 till financial year 2029-30. The Report of Secretarial Auditor for the FY 2025-26 is appended as Annexure 3 to this report. Remarks referred to in the Secretarial Auditors Report for FY 2025-26 of M/s Agarwal S. & Associates, Practicing Company Secretaries are self-explanatory and do not call for any further comments.

Disclosures Regarding Remuneration

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) and 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is appended as Annexure 4 to this report.

Extract of Annual Return

The Annual Return of the Company as on March 31, 2026, in Form MGT 7, in accordance with the Section 92 (3) of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014 is available on the website of the Company at https://www.iglonline.net/

Statutory Auditors and CAG Audit

In exercise of powers conferred by Section 139 of the Companies Act, 2013, the Comptroller and Auditor General of India (CAG) has to appoint Statutory Auditors of the Company for the FY 2026-27.

The Notes on financial statements referred to in the Auditors Report for FY 2025-26 of M/s PSMG & Associates, Chartered Accountants are self-explanatory and do not call for any further comments.

CAG Conducts supplementary audit of Financial Statements of your Company. For the FY 2025-26, CAG has given Nil comments and the same forms part of the Financial Statements.

Conservation of Energy and Technology Absorption, Foreign Exchange Earnings and Outgo

The information in accordance with the provisions of Section 134 (3) (m) of the Companies Act, 2013 read with Rule (8) of the Companies (Accounts) Rules, 2014 is appended as Annexure 5 to this report.

Acknowledgements

YourDirectorsexpresstheirgratitudetotheCentralGovernment, State Governments of NCT of Delhi, Uttar Pradesh, Haryana

& Rajasthan, Ministry of Petroleum & Natural Gas, Petroleum and Natural Gas Regulatory Board and Promoter Companies (GAIL & BPCL) for their continuous guidance & support throughout the year.

The Directors also acknowledge the support of all Statutory & Local Authorities, Bankers, Media, Station Operators & their employees, contractors, vendors and suppliers.

The Directors place on record their deep appreciation towards IGLs valued customers for their continued patronage support and look forward to the continuance of this relationship in future also.

The Directors wish to express their gratitude to all the shareholders for their continued trust and support.

The Directors also sincerely acknowledge the contributions made by all the employees of IGL for their dedicated services to the Company.

For and on behalf of Board of Directors

Sd/-	Sd/-
Kumar Shanker	Mohit Bhatia
Managing Director	Director (Commercial)
Place: Gurugram
Date: September 01, 2026