Petronet LNG Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Petronet LNG Limited has announced the results of a Postal Ballot conducted between December 12, 2025 and January 10, 2026, covering two ordinary resolutions. Resolution 1 sought approval to extend the tenure of MD & CEO Shri Akshay Kumar Singh from February 1, 2026 to May 12, 2027 as a one-off final extension, and it was passed with 98.55% votes in favor (1,255,927,957 shares) and only 1.45% against. Resolution 2 sought a two-year extension for Director (Technical) Shri Pramod Narang from November 26, 2025 to November 25, 2027, and it was passed with 81.94% in favor (1,044,263,125 shares) and 18.06% against. Promoters holding 750 million shares voted 100% in favor of both resolutions, while institutional investors showed strong support for Resolution 1 (96.49%) but were more divided on Resolution 2 (56.04% in favor, 43.96% against). The Scrutinizer has confirmed both resolutions were passed with the requisite majority.
Both key executive tenure extensions have been approved by shareholders, providing leadership continuity at Petronet LNG. The strong support for the MD & CEO extension signals shareholder confidence, while the notable dissent (18%) from institutional investors on the Director (Technical) extension is a mild watchpoint but not material to operations.