News Corporate Actions Petronet LNG Limited Initiates Postal Ballot for Director Appointments with E-voting Period March 6-April 4, 2026Petronet LNG Limited Initiates Postal Ballot for Director Appointments with E-voting Period March 6-April 4, 2026
Petronet LNG Limited has initiated a postal ballot process for shareholder approval of two director appointments. The company seeks to appoint Shri Neeraj Mittal as Director and Chairman, and Ms. Avantika Singh Aulakh as Nominee Director (GMB/GoG), both initially appointed on January 16, 2026. The remote e-voting period runs from March 6, 2026 at 9:00 a.m. to April 4, 2026 at 5:00 p.m., with results expected by April 7, 2026. The process complies with regulatory requirements mandating shareholder approval within three months of director appointments.
*this image is generated using AI for illustrative purposes only.
Petronet LNG Limited has issued a postal ballot notice to shareholders for the appointment of two directors, following regulatory compliance requirements under the Companies Act, 2013 and SEBI LODR Regulations, 2015.
Director Appointments Under Consideration
The postal ballot seeks shareholder approval for two key appointments made by the Board of Directors on January 16, 2026:
| Position: | Nominee | DIN | Background |
|---|---|---|---|
| Director and Chairman | Shri Neeraj Mittal | 05216366 | Secretary, Ministry of Petroleum and Natural Gas |
| Nominee Director (GMB/GoG) | Ms. Avantika Singh Aulakh | 07549438 | Managing Director, Gujarat State Petroleum Corporation Limited |
Both directors were appointed as Additional Directors and hold office until the next General Meeting or three months from appointment date, whichever is earlier. The appointments require shareholder approval within three months as mandated by Regulation 17(1C) of SEBI LODR, 2015.
E-voting Timeline and Process
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities to shareholders. The voting process follows a structured timeline:
| Parameter: | Details |
|---|---|
| Cut-off Date: | Friday, February 27, 2026 |
| E-voting Commencement: | Friday, March 6, 2026 at 9:00 a.m. (IST) |
| E-voting Conclusion: | Saturday, April 4, 2026 at 5:00 p.m. (IST) |
| Results Announcement: | Latest by Tuesday, April 7, 2026 |
| Scrutinizer: | M/s Ragini Chokshi & Co., Company Secretaries |
Voting rights will be proportionate to shares held in the paid-up equity share capital as on the cut-off date. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company or depositories.
Leadership Profiles
Shri Neeraj Mittal - Proposed Chairman
Dr. Neeraj Mittal brings extensive administrative experience as a senior IAS officer of the Tamil Nadu cadre since 1992. His qualifications include:
- B.Tech in Electrical Engineering from IIT Kanpur
- MBA from Cranfield University, UK
- Ph.D from Ohio State University, USA in Management Information Systems
His career highlights include serving as Secretary in the Department of Telecom, instrumental roles in LPG Cash Transfer program and 'Give It Up' campaign, and positions as CEO of Tamil Nadu Industrial Guidance and Export Promotion Bureau and Senior Advisor to Executive Director at World Bank, Washington DC.
Ms. Avantika Singh Aulakh - Proposed Nominee Director
Ms. Aulakh, a 2003 batch IAS officer, was nominated by Gujarat Maritime Board through Gujarat State Petroleum Corporation (GSPC) under the Dahej LNG Port Terminal Concession Agreement. Her credentials include:
- B.E. (Instrumentation & Control Engineering) from Netaji Subhas Institute of Technology, Delhi
- Masters in Public Administration from Harvard University's John F. Kennedy School of Government
She has served as District Collector in multiple Gujarat districts, received Best District Collector awards for Vadodara (2015-16) and Bharuch (2012-13), and currently holds managing director positions at Gujarat Gas Limited, Gujarat State Petroleum Corporation Limited, and other prominent companies.
Regulatory Compliance and Shareholder Communication
The postal ballot process complies with various MCA circulars issued between 2020-2025, allowing electronic-only communication to registered email addresses. Physical copies are not being distributed in line with regulatory exemptions.
Shareholders can access the postal ballot notice on the company's website at www.petronetlng.in and NSDL's e-voting portal at www.evoting.nsdl.com . The company has provided detailed instructions for e-voting across different shareholding modes - demat accounts with NSDL/CDSL and physical share certificates.
The resolutions, if passed with requisite majority, will be deemed passed on April 4, 2026. Both proposed directors will be liable to retire by rotation upon appointment.
Source: None/Company/INE347G01014/8cfc92d1-1946-4e6c-8539-7a060453fef9.pdf
Historical Stock Returns for Petronet LNG
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.56% | +0.65% | +11.15% | +14.83% | +3.47% | +22.77% |
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