Petronet LNG has officially announced the cessation of Shri Pankaj Jain as Director and Chairman of the company effective January 1, 2026. The leadership change follows Jain's superannuation from his position as Secretary, Ministry of Petroleum & Natural Gas, Government of India on December 31, 2025.

Official Communication Details

The company informed stock exchanges through an official communication under Regulation 30 of SEBI (LODR) Regulations, 2015 on January 2, 2026. The notification was based on Letter No. L-11013/2/99-GP-II (E:41073) dated January 2, 2026, received from the Ministry of Petroleum & Natural Gas, Government of India.

Regulatory Compliance

The announcement was made in compliance with regulatory requirements, with the company secretary Rajan Kapur (GGM & President - Company Secretary) signing the official communication. The notification was sent to both the Bombay Stock Exchange and National Stock Exchange of India as per standard disclosure norms.

Company Profile

Petronet LNG operates as a major player in India's gas distribution sector, classified as a large-cap entity with significant presence in energy infrastructure. The company maintains its registered office in New Delhi and operates key LNG terminals at Dahej in Gujarat and Kochi in Kerala.

Corporate Governance Impact

This leadership transition represents a natural change in the company's governance structure following the completion of Jain's tenure in government service. Such changes are part of regular corporate governance processes in companies with government representation on their boards.

Petronet LNG has announced changes to its Board of Directors following official communication from Gujarat State Petroleum Corporation Limited (GSPC). The company received a letter dated December 30, 2025, detailing the withdrawal and nomination of directors as part of routine corporate governance procedures.

Director Withdrawal Details

The company has been notified of the withdrawal of Shri Milind Torawane, IAS from his position as Director on the Board of Petronet LNG Limited. The withdrawal became effective from December 24, 2025, marking the end of his tenure with the company.

New Director Nomination

Simultaneously, GSPC has nominated Ms. Avantika Singh Aulakh, IAS as the replacement director. She will serve as a Nominee Director (GoG/GMB) on Petronet LNG's Board, taking over the position previously held by Shri Milind Torawane.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. Petronet LNG has indicated that comprehensive details regarding Ms. Avantika Singh Aulakh will be shared following her formal appointment to the Board.

The company stated that additional information about the new director will be provided in accordance with the provisions of the Companies Act, 2013, ensuring full transparency and regulatory compliance throughout the transition process.