Petronet LNG Limited has established a new wholly-owned subsidiary company to drive innovation and entrepreneurship in India's energy sector. The company announced the incorporation of MC2 Foundation, marking a strategic move to support startup ecosystem development aligned with national energy transition goals.

Corporate Structure and Legal Framework

MC2 Foundation was incorporated on 3rd April 2026 as a Section 8 company, limited by guarantee. The Ministry of Corporate Affairs issued the Certificate of Incorporation on 17th April 2026, completing the formal establishment process.

Strategic Objectives and Focus Areas

MC2 Foundation has been established to serve as a dedicated institutional mechanism for strengthening innovation and sustainable entrepreneurship. The foundation will focus on fostering, incubating, mentoring, accelerating and promoting startups across the energy sector in alignment with India's national development and energy transition priorities.

The foundation's operational scope encompasses several key areas:

• Innovation infrastructure and shared facilities development
• Industry-led mentorship and advisory services
• Research translation and commercial scale-up support
• Capital mobilization and financial participation
• Ecosystem integration and policy leadership

Board Composition and Leadership

The foundation's initial board comprises senior executives from leading energy sector companies, ensuring strategic oversight and industry expertise.

Regulatory Compliance and Documentation

The incorporation follows Petronet LNG Limited's earlier communication dated 21st March 2026 and complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both the Bombay Stock Exchange and National Stock Exchange of India regarding this corporate development through official regulatory filing dated 17th April 2026.

The formal intimation was signed by Rajan Kapur, General Manager & President – Company Secretary, confirming the completion of all regulatory requirements for the subsidiary's establishment.

This strategic initiative positions Petronet LNG Limited to actively participate in India's energy sector transformation through systematic support for innovative startups and sustainable entrepreneurship ventures.

Petronet LNG Limited has issued a formal request to its shareholders to register or update their email addresses to facilitate electronic communication for an upcoming postal ballot process. The company published this notice in leading newspapers on 20th April 2026, complying with regulatory disclosure requirements.

Postal Ballot for Director Appointment

The company is conducting a postal ballot to obtain shareholder approval for the appointment of a director on its board. This process follows the provisions of Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Under SEBI Regulation 17(1) requirements, shareholder approval for director appointment or re-appointment must be obtained either at the next general meeting or within three months from the date of appointment, whichever is earlier.

Email Registration Process

The company has outlined specific procedures for shareholders to register or update their email addresses based on their shareholding mode:

For Dematerialized Shareholders:

• Register or update email addresses with their respective Depository Participants
• Ensure contact information is current with the demat account provider

For Physical Shareholders:

• Submit Form ISR-1 (available on company website www.petronetlng.in )
• Include requisite supporting documents
• Send to Bigshare Services Pvt. Ltd. at Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093

Regulatory Compliance Framework

The initiative follows multiple MCA circulars issued between 2020 and 2025, including General Circular nos. 14/2020, 17/2020, 10/2021, 20/2021, 3/2022, 11/2022, 08/2023, 09/2024, and 03/2025. These circulars mandate companies to provide email registration processes and communicate this requirement through public notices.

The company secretary Rajan Kapur, serving as GGM & President - Company Secretary, signed the regulatory filing submitted to BSE Limited and National Stock Exchange of India Ltd. on 20th April 2026. The notice was published simultaneously in Hindustan Times (English) and Amar Ujala (Hindi) to ensure broad shareholder awareness and compliance with regulatory disclosure requirements.