Indraprastha Gas Bonus Issue Record Date
“This is further to our previous letters dated December 10, 2024 and January 16, 2025 intimating the approval by the members for issue of bonus shares in the ratio of 1:1. In this regard, this is to inform that the Bonus Issue Committee has fixed Friday, January 31, 2025, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares. Accordingly, the deemed date of allotment shall be Monday, February 03, 2025 for the purpose of allotment of said Bonus Shares of the Company (ISIN No.: INE203G01027),” said IGL in a stock exchange filing.
Indraprastha Gas Q3 Result Date
“This is to inform that meeting of the Board of Directors is scheduled to be held on January 27, 2025, inter-alia to consider and approve the Unaudited Financial Results for the quarter ended December 31, 2024,” Indraprastha Gas said in a regulatory filing.
“Pursuant to Regulation 30 of the Listing Regulations, 2015, this is to inform that Conference Call to discuss Unaudited Financial Results for quarter ended December 31, 2024 is scheduled to be held on Tuesday, January 28, 2025 at 4:00 PM (1ST),” informed IGL to stock exchanges.
Indraprastha Gas News
With effect from January 16, 2025, IGL’s domestic gas allocations have been increased by 31%, raising the domestic gas share in the CNG segment from 37% to 51%. With one of the main suppliers, the company has also committed to additional RLNG volumes on a term basis at reasonable pricing (about 1.0 MMSCMD). The company’s profitability is going to rise as a result of the aforementioned modification and the contracting of additional volumes.
Indraprastha Gas Share Price Target
“Indraprastha Gas stock price is bearish on the Daily charts with strong resistance at 398. A Daily close below support of 377 could lead to a target of 341 in the near term,” commented A R Ramachandran, Independent Research Analyst.
Disclaimer
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