Petronet LNG Limited has appointed Shri Deepak Gupta as the Nominee Director representing GAIL (India) Limited following a postal ballot vote that concluded on June 6, 2026. The resolution to appoint the Chairman and Managing Director of GAIL (India) Limited received the requisite majority, with 74.58% of the total votes cast in favor. The outcome impacts the board composition of the company, which operates in the natural gas sector.

The remote e-voting period commenced on May 8, 2026, at 9:00 a.m. IST and concluded on June 6, 2026, at 5:00 p.m. IST. A total of 1,27,81,69,243 valid votes were cast electronically during this period. The voting process was scrutinized by Ragini Chokshi, Partner of M/s. Ragini Chokshi & Co., Practicing Company Secretaries, in accordance with Section 110 of the Companies Act, 2013 and Regulation 44 of the SEBI (LODR) Regulations, 2015.

Voting Results Summary

The resolution saw significant participation from both institutional and non-institutional shareholders. While the Promoter & Promoter Group cast 750,000,000 votes entirely in favor, the public shareholders showed a divided response.

Procedural Details

The notice for the postal ballot was dispatched electronically on May 4, 2026, to members whose names appeared in the Register of Members as of the cut-off date of May 1, 2026. Physical copies of the notice were not sent. The company utilized the services of National Securities Depository Limited (NSDL) as the e-voting agency to facilitate the remote e-voting process.

The scrutinizer's report confirms that the e-voting results were downloaded from the NSDL website in the presence of two independent witnesses, Mr. Harshit Dave and Mr. Ashish Paryani. The resolution was declared passed on the last date of the voting period, June 6, 2026.

Oil and Natural Gas Corporation Limited disclosed its shareholding in Petronet LNG Limited for the financial year ended March 31, 2026. The state-owned energy major held 18,75,00,000 equity shares in the liquefied natural gas marketer, representing 12.50% of the total paid-up share capital.

The disclosure was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. ONGC, classified as a promoter of Petronet LNG, confirmed that there were no encumbrances directly or indirectly on these shares during the financial year.

Shareholding Details

The filing provides a snapshot of ONGC's investment status as of the close of FY26. The holding remains significant given ONGC's role as a promoter in the company.

The disclosure was signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer of Oil and Natural Gas Corporation Limited. A copy of the letter was forwarded to the Company Secretary of Petronet LNG Limited for placement before its Audit Committee.