MGL

Expansion of CNG infrastructure

1. Stable growth in CNG and PNG demand MGL continues to witness healthy demand for both Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) across its operating regions. Rising adoption of cleaner fuels is supporting long-term volume growth. 2. Expansion of CNG infrastructure The company is steadily increasing the number of CNG stations to improve accessibility and support the growing population of CNG vehicles. 3. PNG customer additions MGL continues to expand its domestic, commercial and industrial PNG customer base, providing a stable source of recurring revenue. 4. Focus on operational efficiency Management remains focused on reducing operating costs, improving gas distribution efficiency and maintaining reliable supply to customers. 5. EV transition being monitored While electric vehicles pose a long-term challenge, CNG continues to be viewed as an important transition fuel for commercial vehicles, taxis and public transport. 6. Healthy financial position MGL maintains a strong balance sheet with low debt, robust cash generation and healthy profitability, allowing it to fund expansion while maintaining shareholder returns. 7. Dividend remains a key attraction The company has a consistent track record of rewarding shareholders through regular dividend payouts, making it attractive for income-focused investors.