Postal Ballot notice is attached. Cut-off date - 01.05.2026, E-voting start date - 08.05.2026, E-voting end date - 06.06.2026.
PETRONET · price
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Petronet LNG is conducting a postal ballot for shareholders to approve the appointment of Shri Deepak Gupta as Nominee Director representing GAIL (India) Limited. Deepak Gupta, who is Chairman & Managing Director at GAIL, was already appointed as Additional Director on the Petronet LNG Board effective March 18, 2026, and this postal ballot seeks to regularize his appointment as per SEBI regulations requiring shareholder approval within three months. GAIL holds 12.50% stake in Petronet LNG, entitling it to nominate a director under the company's Articles of Association. Voting runs from May 8 to June 6, 2026, with results expected by June 9, 2026.
This is a routine governance item confirming GAIL's nominee on Petronet LNG's board. The appointment has no direct financial impact on the company or its stock. Shareholders should vote to confirm the nominee director representing one of the four promoter entities.