Petronet LNG Limited has appointed Sanjay Kumar as Managing Director and Chief Executive Officer, effective from the date of vacancy on May 13, 2027. The decision was taken by the Board during its meeting held on October 2, 2026.

Kumar currently serves as Director (Marketing) at GAIL (India) Limited. His appointment follows the recommendation of the Nomination and Remuneration Committee of the Board. This leadership transition is scheduled to take place over seven months after the announcement.

Regulatory compliance and disclosure

The company intimated this development to both the Bombay Stock Exchange and the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Petronet LNG stated that detailed disclosures regarding the appointment will be sent to the stock exchanges once Kumar assumes charge as Managing Director and CEO.

The Board meeting commenced at 4:00 pm and concluded at 4:15 pm. Rajan Kapur, GGM and President - Company Secretary, signed the intimation digitally on October 2, 2026.

Petronet LNG Limited shareholders approved a final dividend of ₹3 per equity share for FY26 at the 28th Annual General Meeting held on September 28, 2026. This payout complements the interim dividend of ₹7 per share distributed in December 2025.

The meeting, conducted via video conferencing, saw the adoption of audited financial statements and the reappointment of nominee directors. While routine items passed with overwhelming support, the reappointment of Shri Arun Kumar Singh (ONGC) and Shri Arvinder Singh Sahney (IOCL) attracted notable dissent from public shareholders.

Voting outcomes on key resolutions

The following table summarizes the voting results for the principal agenda items transacted during the meeting:

Governance and voting process

The Company Secretary briefed members on the remote e-voting process, which was open from September 24 to September 27, 2026. M/s Ragini Chokshi & Co., a practicing company secretary firm, served as the scrutinizer to ensure fair and transparent vote counting. Results were disseminated to stock exchanges and hosted on the National Securities Depository Limited website.

During the proceedings, specific protocols were followed for director reappointments. Shri Akshay Kumar Singh, Managing Director & CEO, chaired the session for the reappointment of Shri Arvinder Singh Sahney to avoid conflict of interest, as Sahney was the presiding chairman for other agenda items.

What the numbers show

A distinct divergence emerged between promoter and public shareholder sentiment regarding board composition. While promoters voted unanimously in favor of all resolutions, public institutions cast approximately 30% dissenting votes against the reappointment of Shri Arun Kumar Singh and roughly 25% against Shri Arvinder Singh Sahney. In contrast, the final dividend and financial statement adoption received near-unanimous support from public institutions, with dissent rates below 1%. This suggests that while public shareholders endorsed the company's financial performance and payout policy, they expressed reservations specifically regarding the continuity of these two nominee directors.