Petronet LNG announced its Annual General Meeting (AGM) for the financial year 2025-26 will be conducted through Video Conferencing or Other Audio Visual Means, in compliance with Ministry of Corporate Affairs circulars. The company has also fixed the record date for determining shareholder entitlement to the final dividend.

The AGM will take place without physical presence of members at a common venue. Pursuant to applicable regulations, shareholders will not have the facility to appoint proxies. Instead, voting will be conducted entirely through an electronic voting system.

Dividend and Record Date Details

The Board of Directors recommended a final dividend for FY26. The company fixed Friday, June 12, 2026 as the record date for determining member entitlement.

Dividends will be payable within thirty days of declaration to members whose names appear on the register as on the record date. For shares held in physical mode, payment requires furnishing PAN, nomination details, bank account information, and specimen signatures. All payments are subject to Tax Deducted at Source (TDS) at applicable rates.

E-Voting and Participation

Shareholders holding shares in dematerialised or physical mode can cast votes via remote e-voting. Login credentials will be sent via email to registered addresses. Those without registered emails may generate credentials using instructions in the AGM notice.

Members who vote remotely cannot vote again during the meeting but may attend via video conference. Shareholders attending the AGM who have not voted remotely will have the option to vote electronically during the session.

Document Availability

The notice of the AGM, along with standalone and consolidated financial statements for FY26, reports of directors, and independent auditors' reports, will be sent electronically to registered members. These documents are also available on the company website and stock exchange portals.

Petronet LNG reported a net profit of ₹11.32 billion for the first quarter, down from ₹13.38 billion in the preceding quarter. The company’s revenue fell significantly to ₹55.54 billion compared to ₹94.42 billion in the prior period.

Despite the decline in top-line figures, operational efficiency improved during the quarter. EBITDA stood at ₹15.31 billion, down from ₹18.6 billion previously, but the EBITDA margin expanded notably to 27.58% from 19.7%.

Financial Performance

The key financial metrics for the quarter are detailed below:

What the Numbers Show

The divergence between revenue and margin trends indicates improved cost management or favorable input pricing relative to output volumes. While revenue contracted by nearly 40%, the EBITDA margin expanded by over 7 percentage points. This suggests that the decline in revenue was not matched by a proportional increase in operating costs, allowing the company to maintain higher profitability per unit of sales despite lower overall volume or value realization.