Indraprastha Gas Limited CC-Mar25.pdf · 2025-04-28
Good afternoon and thanks for the opportunity. Sir, instead of 2 questions, I have just one suggestion. So this is given by me as a long -term investor in IGL and is done keeping in mind the interests of the company. So please allow me a couple of minutes to make these points . Periodically, we have seen that IGL has been affected by a negative perception that arises in the minds of some people in the investment community. Sometimes it is about reduced allocat ion of APM gas. Sometimes it is about the proposed EV policy and its assumed side effects. In each case, sir, the response of IGL has been one of silence. I think, it is the duty of the company's management to set the record straight when such misperceptions are doing the rounds. I am not suggesting that IGL responds every day. But when there is a serious misperception about the company, I think the company should set the record straight. The solution is to put out the facts. In October 2024, during a conference call, I did suggest that the company put out a presentation on its website giving details about how the previous sharp rises in APM costs have been handled by the company and how in the long term the company's profitability was not affected by sharp rises in gas costs. I am disappointed that IGL has chosen to remain silent. It is high time that IGL appointed a full -time and reputed public relations agency through whom the correct information more than what is statutorily required is periodically transmitted to the investment community so that such misperceptions are erased to the extent possible. I am not seeking any future guidance from the company, sir, but I am only suggesting that IGL does its best in erasing the opinion that the company is more vulnerable than what it actually is. I really do think that it is part of the management's duty to be proactive about dispelling wrong opinions and misperceptions about the company without being excessively optimistic. Thank you very much.
Yes, it is essential, sir, because if the understanding about the company is wrong, then that leads to wrong decisions in the investment community. I think it is important that IGL strengths are well understood by everybody.