Petronet LNG has informed that pursuant to provisions of Section 161 of the Companies Act, 2013 read with rules made thereunder, an Additional Director at any time shall hold office up to the date of the next annual general meeting. Since, 21st Annual General Meeting of the Company was held on Tuesday, 27th August, 2019, therefore, Dr. Ashutosh Karnatak ceased to be Director of the Company with effect from 28th August, 2019. However, the Board of Directors of the Company has approved the appointment of Dr. Ashutosh Karnatak as Additional Director (Nominee Director of GAIL) with effect from 29th August, 2019 through resolution passed by circulation on the recommendation of Nomination and Remuneration Committee of the Board. His brief profile and inter-se relationship with the other Directors of the Company will remain same as informed vide its letter dated 7th August, 2019.
The above information is a part of company’s filings submitted to BSE.