PETRONETNSEPetronet LNG Limited· GasMediumNeutral
Announced Wed, 18 Mar · 20:28 IST

Petronet LNG Limited has informed the Exchange regarding Appointment of Mr Deepak Gupta as Non- Executive Director of the company w.e.f. March 18, 2026.

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Price reaction · full curve 14 horizons · vs prior close
-11.6%1-day move
₹290.70
prior close
₹283.60
base price
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-3.1-2.4-1.8-2.2-11.6-18.3-16.9-13.7-15.3-11.9-7.0-6.6-9.0-0.8
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AI summary

Petronet LNG has appointed Mr. Deepak Gupta as a Non-Executive Director on its board with effect from March 18, 2026. He joins as a Nominee Director representing GAIL (India) Limited, one of Petronet's promoter companies, where he currently serves as Chairman & Managing Director. Mr. Gupta is a Mechanical Engineer with over 35 years of experience across the oil and gas value chain, including senior roles at Engineers India Limited and GAIL. He is not debarred by SEBI or any other authority and holds no equity shares in Petronet LNG. The appointment was approved by the board on the recommendation of the Nomination and Remuneration Committee.

Likely market impact

This is a routine promoter-nominee appointment and is unlikely to have any material impact on the stock price or shareholder value. It strengthens inter-company coordination between Petronet LNG and its key promoter GAIL.