Petronet LNG Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025. Further, the company has informed the Exchange regarding voting results.
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Petronet LNG Limited submitted the voting results and scrutinizer's report for its 27th AGM held on September 24, 2025 via video conferencing. Out of 451,495 shareholders on record, 144 attended the meeting through VC. Seven resolutions were passed with the required majority, including adoption of audited financial statements for FY25 (99.95% in favor), declaration of final dividend for FY25 (99.99% in favor), and approval of related party transactions for FY27 (99.99% in favor). Reappointment of Shri Pankaj Jain as Chairman passed with 82.38% in favor, while institutional investors notably dissented (43.56% against). Reappointment of Shri Milind Torawane as Nominee Director saw the highest dissent at 28.98% overall, with institutional investors voting 71.64% against. Appointments of the Secretarial Auditor (5-year term) and ratification of Cost Auditor remuneration also passed with near-unanimous support.
All seven resolutions were approved, confirming the final dividend for FY25 and continuity of the board and auditors. Shareholders should note the significant institutional investor dissent on director reappointments (especially Resolution 4 at ~29% against), which may signal governance concerns regarding nominee director appointments from promoter-affiliated entities. No material negative impact expected for shareholders as the dividend and core resolutions were overwhelmingly approved.