Petronet LNG Limited’s Board of Directors reviewed a regulatory non-compliance notice issued by the National Stock Exchange and BSE Limited during its meeting on September 17, 2026.

The exchanges had flagged a breach of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company was required to place the matter before the Board and disseminate comments as per a SEBI Master Circular dated January 30, 2026.

Regulatory Context

The Board took note of the notices received from both exchanges on August 25, 2026. The NSE letter, reference number NSE/LIST-SOP/COMB/FINES/0954, and the BSE email, reference SOP-CReview/QTR-Jun-26, identified specific compliance lapses.

Rajan Kapur, General Manager and President – Company Secretary, confirmed that the Board acknowledged the issue in its September meeting. The company informed the exchanges of the Board’s comments for dissemination.

What the Numbers Show

This filing is procedural, relating to corporate governance compliance rather than financial performance. The absence of financial data indicates no immediate impact on revenue or profit metrics from this specific disclosure.

Petronet LNG Limited approved the incorporation of a 50:50 joint venture with Gruner Renewable Energy Private Limited to establish 10 compressed biogas (CBG) plants, involving an estimated capital outlay of ₹1,200 crore.

The Board of Directors sanctioned the proposal during its meeting held on September 17, 2026. The new entity will be structured as a Private Limited Company.

Joint venture details

The partnership aims to deploy renewable energy infrastructure across India. Each of the 10 planned CBG plants will have a capacity of 18 metric tonnes per day.

The following table summarises the key parameters of the announced joint venture:

Strategic context

Compressed biogas is produced from organic waste and serves as a renewable alternative to conventional natural gas. The move aligns Petronet LNG's existing gas infrastructure expertise with the growing domestic focus on cleaner fuel sources. The joint venture represents a diversification into the renewable energy space for the company.

Further details regarding the joint venture company will be intimated to stock exchanges upon its formal incorporation, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.