GAIL (India) Limited Sponsored GDR Reg S represents a global depository receipt for shares of GAIL (India) Limited, India's leading natural gas company and a Maharatna Central Public Sector Undertaking under the Ministry of Petroleum & Natural Gas. Incorporated in 1984, GAIL maintains a diversified presence across the natural gas value chain, including transmission, marketing, liquefied petroleum gas (LPG) production, polymer manufacturing, city gas distribution, LNG sourcing, regasification, renewable energy, and upstream exploration. It operates an extensive network of approximately 18,000 km of natural gas pipelines, holding about 65% of India's gas transmission market and 47% of domestic natural gas marketing. GAIL supplies significant gas volumes to fertilizer and power sectors, manages a large LNG portfolio of 16.57 MMTPA from global sources, and pioneers city gas distribution with presence in 72 geographical areas serving millions of customers. With international operations in the USA, Singapore, Myanmar, and elsewhere through subsidiaries, the GDR facilitates global investor access to GAIL's pivotal role in India's energy infrastructure and clean energy transition.