Petronet LNG seeks shareholder approval for director tenure extensions

Petronet LNG Limited announced a postal ballot to secure shareholder approval for extending the tenures of two key directors. The company's managing director & ceo, Akshay Kumar Singh, is proposed for a one-off final extension from February 1, 2026, to May 12, 2027. Similarly, Pramod Narang, director (technical), is also sought for a one-off final extension for two years, from November 26, 2025, to November 25, 2027.

The remote e-voting period for these resolutions will commence on Friday, December 12, 2025, at 9:00 a.m. (IST) and conclude on Saturday, January 10, 2026, at 5:00 p.m. (IST). Voting rights will be determined based on shareholdings as of the cut-off date, Friday, December 5, 2025. The results of the postal ballot are expected to be announced on or before Tuesday, January 13, 2026.

These extensions are deemed crucial for continuity, given the directors' significant contributions to the company's growth, including a 96% turnover increase from Rs. 26,023 crore in FY 2020-21 to Rs. 50,980 crore in FY 2024-25, and a 66% growth in net worth to Rs. 19,382 crore over the same period. Both directors have been instrumental in various expansion projects and strategic initiatives.