THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the Updated Draft Red Herring Prospectus - I and the Draft Abridged Prospectus of Torrent Gas Limited (the “Company”), each dated September 08, 2026 (together, the “Updated Draft Red Herring Prospectus - I”) filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website, in relation to the initial public offering of the equity shares of face value ₹10 (“Equity Shares”) of the Company by way of offer for sale of up to 335,000,000 Equity Shares (“Issue”). In accessing the Updated Draft Red Herring Prospectus - I, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The Updated Draft Red Herring Prospectus - I is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the Updated Draft Red Herring Prospectus - I, is not for publication or distribution, directly or indirectly, in or into the United States. No part of the contents of the Updated Draft Red Herring Prospectus - I shall be copied or duplicated in any form by any means, or redistributed.
The Updated Draft Red Herring Prospectus - I has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company, Axis Capital Limited, Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited (“BRLMs”) nor any of their respective affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.
The Updated Draft Red Herring Prospectus - I does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) within the United States solely to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act, and (b) outside the United States in “offshore transactions” as defined in and in reliance upon Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales occur.
Any person into whose possession the Updated Draft Red Herring Prospectus - I comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Updated Draft Red Herring Prospectus - I, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Updated Draft Red Herring Prospectus - I for any investment decision. Any potential investor should note that investment in the securities involves a high degree of risk. For details, potential investors should refer to the red herring prospectus to be filed with the Registrar of Companies, Gujarat at Ahmedabad (“RoC”) including the section titled “Risk Factors”, when available.
Any decision on whether to invest in the securities described in the Updated Draft Red Herring Prospectus - I may only be made after a red herring prospectus has been filed with the RoC and SEBI and must be made solely on the basis of such red herring prospectus, as there may be material changes in the Red Herring Prospectus compared to the Updated Draft Red Herring Prospectus - I.
Neither the Company, the BRLMs nor any of their respective affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company, the BRLMs and their respective affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Updated Draft Red Herring Prospectus - I beyond the date of the Updated Draft Red Herring Prospectus - I.
The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
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The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
NOT FOR ACCESS IN OR BY, OR DISTRIBUTION OR TRANSMISSION IN, INTO OR TO, DIRECTLY OR INDIRECTLY, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS), ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED(“SEBI ICDR REGULATIONS”).
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the audio visual film of Torrent Gas Limited (the “Company”) dated September 08, 2026 (the “IPO AV”), in relation to the initial public offering of the equity shares (the “Equity Shares”) of the Company (the “Offer”). The Company is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed an updated draft red herring prospectus-I dated September 08, 2026 (the “UDRHP-I”) and draft abridged prospectus dated [●] (“Draft Abridged Prospectus”) with the Securities and Exchange Board of India (the “SEBI”), the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with the BSE, the “Stock Exchanges”). The UDRHP-I is available on the website of SEBI at www.sebi.gov.in, on the websites of the Stock Exchanges, i.e., the BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at [●]; and on the websites of the book running lead managers appointed in relation to the Offer (the “Book Running Lead Managers” or the “BRLMs”), i.e., Axis Capital Limited, Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited at www.axiscapital.co.in, https://www.citigroup.com/global/about-us/global-presence/india/disclaimer and https://investmentbank.kotak.com, respectively.
THE IPO AV IS BEING MADE AVAILABLE ON THIS WEBSITE IN ACCORDANCE WITH THE MASTER CIRCULAR BEARING REFERENCE HO/49/14/14(2)2026-CFD-POD2/I/4518/2026 ON DATED FEBRUARY 9, 2026, ISSUED BY THE SECURITIES AND EXCHANGE BOARD OF INDIA. Our Company has taken all necessary steps to ensure that the contents of the IPO AV as appearing on this website are identical to the UDRHP-I and Draft Abridged Prospectus filed with the SEBI. You are advised to read this disclaimer carefully before reading, accessing or making any other use of the IPO AV. In accessing the IPO AV, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The IPO AV is directed at, and is intended for distribution to, and use by, residents of India only. The information in the IPO AV, is not intended for, and may not be accessed in or by, or distributed or transmitted in, into or to, directly or indirectly, the United States or any other jurisdiction where it is unlawful to do so. All persons residing outside of the United States who wish to access the IPO AV contained on the following page of this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website or require registration or approval for any acquisition of securities by them. The Company and the BRLMs have taken all necessary steps to ensure that the contents of the IPO AV as appearing on this website are identical to the UDRHP-I and Draft Abridged Prospectus filed with the SEBI. No part of the contents of the IPO AV shall be copied or duplicated in any form by any means or redistributed.
The IPO AV is posted solely to comply with Indian legal and regulatory requirements. Neither the Company nor the Promoters (including the Promoter Selling Shareholder) is seeking an investment from you based on the IPO AV. The IPO AV does not amount to, or is intended to be, a prospectus or an offer document, in terms of the Companies Act, 2013, and the SEBI ICDR Regulations, and nothing in the IPO AV constitutes an offer or an invitation by or on behalf of either the Company or any of the members of the syndicate to subscribe for or purchase any of the securities described therein. The IPO AV does not constitute an offer to sell, or the solicitation of an offer to purchase or acquire, any securities of the Company in the United States or in any other jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The equity shares of the Company (the “Equity Shares”) have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States absent registration under the U.S. Securities Act or except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (b) outside the United States in offshore transactions in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
The IPO AV and other information contained on this website or within the IPO AV does not constitute, and should not be construed as, “general solicitation” or “general advertising” as defined under Regulation D of the U.S. Securities Act, or “directed selling efforts” under Regulation S of the U.S. Securities Act.
Any person into whose possession the IPO AV comes is required to inform himself or herself about and to observe any such restrictions.
The Company, the Promoters (including the Promoter Selling Shareholder), the Book Running Lead Managers and their respective affiliates, directors, officers, agents, representatives, advisers and employees do not accept any liability whatsoever, direct or indirect, that may arise from the use of the information contained on this website. The information in the IPO AV is as of the date thereof and neither the Company, the Promoters, the Book Running Lead Managers nor their respective affiliates, directors, officers, agents, representatives, advisers or employees are under any obligation to update or revise the IPO AV to reflect circumstances arising after the date thereof. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company, the Promoters, the Book Running Lead Managers nor any of their respective affiliates, directors, officers, agents, representatives, advisers or employees accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of the IPO AV in electronic format.
Any potential investor should note that investment in equity shares involves a high degree of risk. Potential investors should refer to the red herring prospectus (the “Red Herring Prospectus”) which may be filed with the Registrar of Companies, Gujarat at Ahmedabad(the “RoC”), the SEBI and Stock Exchanges in the future, including the section titled “Risk Factors” for details of such risks. Any decision on whether to invest in the securities described in the UDRHP-I may only be made after a Red Herring Prospectus has been filed with the RoC, the SEBI and Stock Exchanges and must be made solely on the basis of the Red Herring Prospectus and the price band advertisement. The IPO AV provides only the salient features of the Offer and accordingly, potential investors should not rely on the IPO AV.
Investors are advised not to rely on any other document, content or information provided in respect to the Offer on the internet/ online websites/ social media platforms/ micro-blogging platforms and by influencers/ micro-influencers/ finfluencers since the same is not authorised/ approved/ commissioned/ paid by the Company or its Promoters/ Directors/ KMPs or SMPs in any manner. Any such posts, including on social media platforms, may be illegal in certain jurisdictions and only certain categories of persons may be authorised to access such information. Such posts, including on social media platforms, do not constitute an offer or solicitation of an offer, or any advice or recommendation to purchase, sell or transact in any of the Company’s securities. Investors are advised to rely only on the information contained in the Red Herring Prospectus and the price band advertisement for making an investment decision.
You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses. Neither the Company, Promoters (including the Promoter Selling Shareholder), the Book Running Lead Managers nor their respective affiliates, directors, officers, agents, representatives, advisers or employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of this website or the IPO AV.
The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the Company since such date. This document may be updated from time to time and there is no undertaking the Company or the BRLMs or any of their affiliates to post any such amendments or supplements on this website.
Failure to comply with this disclaimer may result in a violation of the applicable laws of India and other jurisdictions. Any other information contained in, or that can be accessed via this website does not constitute a part of the IPO AV.
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To access this information, you must confirm, by pressing on the button marked “I Confirm”, that at the time of access, you are located in India. If you cannot make this confirmation, you must press the button marked “I Do Not Confirm”.
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.