Petronet lng has completed its regulatory compliance procedures following penalties totaling ₹3.48 lakh paid to stock exchanges for violating SEBI listing regulations. The company's Board of Directors reviewed the penalty matter in their meeting held on March 18, 2026, as mandated by exchange requirements.

Regulatory Violation Details

The company was penalized for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 for the quarter ended December 31, 2025. Both NSE and BSE imposed identical penalties on the company for this regulatory breach, with penalty notices received on February 27, 2026.

Penalty Payment Breakdown

The company made penalty payments to both major stock exchanges on March 12, 2026:

The payments were processed through HDFC Bank with unique transaction IDs HDFCH00862584598 and HDFCH00862585549 for BSE and NSE respectively.

Board Meeting and Compliance Actions

Following the penalty payments, Petronet LNG fulfilled additional compliance requirements:

The company had earlier informed promoters about the regulatory non-compliance through email communication dated March 5, 2026, ensuring all stakeholders were aware of the situation.

Corporate Governance Impact

This penalty highlights the importance of strict adherence to SEBI's listing obligations and corporate governance norms. The violation of Regulation 17(1) pertains to board composition and related governance requirements that listed companies must maintain throughout each quarter. The completion of board review and formal communication to exchanges demonstrates the company's commitment to regulatory compliance and transparency in corporate governance matters.

Petronet LNG Limited announced the appointment of Shri Deepak Gupta as Nominee Director - GAIL, effective March 18, 2026. The Board of Directors approved this appointment during their meeting held on March 18, 2026, following the recommendation of the Nomination and Remuneration Committee.

Board Appointment Details

The appointment follows the company's earlier communication dated March 2, 2026, and was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The Board meeting commenced at 2:30 P.M. and concluded at 3:45 P.M.

Professional Background and Expertise

Shri Deepak Gupta is a Mechanical Engineer from Delhi College of Engineering with more than 35 years of comprehensive experience across the Oil & Gas value chain. His expertise encompasses multiple critical areas including:

• Project & Construction Management
• Contracts & Global Procurement
• Technology Selection
• Business Development
• Operations & Maintenance

Leadership at GAIL

Since joining GAIL as Director (Projects) in February 2022, Shri Gupta has been leading the execution of multiple high-impact initiatives. His responsibilities include overseeing Natural Gas & LPG Pipelines, Gas Processing Units, critical SCADA infrastructure, and Green Energy initiatives to achieve Net-Zero goals.

Under his leadership, GAIL completed the Dabhol Breakwater Project of Konkan LNG Limited, a subsidiary of GAIL, enabling all-weather operations. He has also pioneered digital transformation initiatives that enhance operational agility and transparency across business areas.

Board Experience and Strategic Roles

Shri Gupta brings extensive board-level experience from his roles in various GAIL joint ventures:

• Chairman: Talcher Fertilizers Ltd. (India's maiden Coal Gasification based Fertilizer Complex)
• Director: ONGC Petro-additions Limited (OPaL)
• Director: South-East Asia Gas Pipeline Company Limited (SEAGP)
• Former Chairman: Green Gas Limited and Maharashtra Natural Gas Limited

In these positions, he has played pivotal roles in strategic goal setting, stakeholder alignment, corporate governance, and future-ready business planning.

Previous Career Achievements

During his 32-year career at Engineers India Limited, Shri Gupta led large cross-functional teams to execute landmark projects under complex conditions. Notable projects include:

• World's largest single-train Dangote Refinery & Petrochemical Complex in Nigeria
• HMEL's Mega Petrochemical Complex at Bathinda
• GAIL's Petrochemical expansion at Pata
• First greenfield refinery project in Mongolia

As a thought leader and prolific writer, he has authored several technical papers on critical packages and project execution acceleration. His innovative ideas on project acceleration, digitization, and excellence have been institutionalized as best practices.

Compliance and Independence

The company confirmed that Shri Deepak Gupta is not debarred from holding the office of director by virtue of any SEBI order or order of any other authority. He does not have any inter-se relationship with other Directors of the Company and does not hold any equity shares in Petronet LNG Limited.