Petronet LNG Limited has announced significant changes to its board composition following communication from GAIL (India) Limited regarding director nominations. The company notified stock exchanges on 2nd March 2026 about the cessation and appointment of nominee directors as per regulatory requirements under SEBI (LODR) Regulations, 2015.

Director Changes Overview

The board changes stem from leadership transitions at GAIL (India) Limited, which directly impact Petronet LNG's nominee director positions. The company received official communication from GAIL dated 1st March 2026 detailing the director changes.

Cessation of Shri Sandeep Kumar Gupta

Shri Sandeep Kumar Gupta's tenure as nominee director on Petronet LNG's board concluded following his superannuation as Chairman & Managing Director of GAIL (India) Limited on 28th February 2026. His cessation as nominee director became effective from 1st March 2026, marking the end of his representation of GAIL's interests on the Petronet LNG board.

Appointment of Shri Deepak Gupta

GAIL has nominated Shri Deepak Gupta as the new nominee director to represent the company's interests on Petronet LNG's board. Shri Deepak Gupta currently serves as Chairman & Managing Director of GAIL (India) Limited. The company has indicated that detailed information about Shri Deepak Gupta will be provided following his formal appointment to the board in accordance with the Companies Act, 2013.

Regulatory Compliance

The notification was made under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. The company communicated these changes to both the Bombay Stock Exchange and National Stock Exchange of India to ensure full regulatory compliance and transparency with stakeholders.

Petronet LNG Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, providing shareholders with an opportunity to convert their physical securities to electronic format. The initiative addresses regulatory requirements and aims to enhance investor convenience and security.

Special Window Details

The company has opened a special window for transfer and dematerialisation of physical securities that were sold or purchased prior to April 1, 2019. This initiative follows SEBI Circular no. ICD/2014/12/2025-MRSD-PDF/POD/19750/2026 dated January 30, 2026.

Process and Requirements

The special window will accommodate transfer requests that were previously submitted but were rejected, returned, or not processed due to document deficiencies or procedural issues. Investors must submit their requests with the company's Registrar & Share Transfer Agent (RTA) before the window closes.

Key Requirements:

• Valid demat account
• Complete documentation as specified in SEBI circular dated January 30, 2026
• Legally valid transfer documents
• No ownership disputes

Transfer Conditions and Restrictions

All securities transferred through this special window will be mandatorily credited to the transferee only in demat mode. The transferred securities will be subject to specific restrictions during the lock-in period.

Lock-in Restrictions:

• Securities cannot be transferred during the one-year lock-in period
• Lien marking is prohibited during lock-in
• Pledging is not allowed during the restriction period

Securities that have been transferred to the Investor Education and Protection Fund (IEPF) will not be considered under this window for processing.

Additional Shareholder Services

The company has urged shareholders to update their KYC records and claim unpaid or unclaimed dividends to avoid transfer to IEPF as per statutory requirements. This initiative is part of the "Saksham Niveshak" campaign, a 100-day program aimed at improving investor services.

Shareholders requiring assistance can contact the company at investors@petronetlng.in for support with the transfer process and documentation requirements.