GAIL (India) Ltd.

Gail (India) has informed that GAIL Board at its meeting held on 20.12.2024 has accorded approval for formation of Wholly Owned Subsidiary of GAIL to operate as a Finance Company in International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (Gift City), Gujarat for undertaking Ship Leasing activities and/or Global/Regional Corporate Treasury Centres activities or any other permissible activities under the regulatory frameworks.

The above information is a part of company’s filings submitted to BSE.