Shares of Mahanagar Gas are poised for increased investor attention as the city gas distributor recommends a hefty Rs 18 per share final dividend, contingent on shareholder approval, with the ex-dividend date set for August 18, 2026.
Shares of Mahanagar Gas Ltd are set to draw attention ahead of next week’s ex-dividend date, after the Mumbai-based city gas distributor said it has recommended a final dividend of Rs 18 a share for the year. On a face value of Rs 10, that works out to 180% of face value. The stock will trade ex-dividend on Tuesday, August 18, 2026, and investors who want to qualify need to own the shares by Monday, August 17, under the T+1 settlement cycle.
The payout still needs shareholder approval at the company’s annual general meeting, which is scheduled for Tuesday, August 25, 2026. If approved, the dividend is expected to be paid within 30 days of the AGM, with tax deducted at source where required. Mahanagar Gas said shareholders whose names appear in the register of members, or in depository records by the record date, will be eligible.
Dividend trackers from Moneycontrol and Goodreturns show that Mahanagar Gas has regularly returned cash to shareholders, including a Rs 12 dividend in February 2026 and Rs 18 in August 2025. The company’s latest quarterly results also showed a mixed picture: according to its filing, first-quarter FY27 net profit rose 46.83% sequentially to Rs 193.70 crore, while revenue from operations, excluding excise duty, increased 15.62% to Rs 2,371.71 crore. Even so, profit remained lower than a year earlier, and EBITDA margins were softer than in the same period last year.
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