Petronet LNG Limited has informed the Exchange regarding Notice of Postal Ballot, evoting and cut-off dates.
PETRONET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Petronet LNG is conducting a Postal Ballot via remote e-voting to seek shareholder approval for two director appointments. Item 1 is the regularization of Shri Saurav Mitra (DIN: 07684414) as Director (Finance) & Chief Financial Officer for a five-year term effective April 22, 2025; he is a former IOCL and Lanka IOC finance leader with 30+ years of experience. Item 2 is the regularization of Shri Sanjay Khanna (DIN: 09485131), Director (Refineries) and additional charge C&MD of BPCL, as BPCL's Nominee Director effective May 19, 2025, since BPCL holds 12.5% stake in Petronet. The cut-off date to be eligible to vote is May 23, 2025, e-voting runs from May 30, 2025 (9:00 AM) to June 28, 2025 (5:00 PM) via NSDL, and results will be announced on or before July 1, 2025. This is a procedural compliance step under SEBI LODR, which requires shareholder approval within three months of a director's appointment.
Routine governance matter with no material business or financial impact. Shareholders only need to vote if they wish to weigh in; these appointments are largely a formality and unlikely to move the stock price.