HALF YEARLY RESULTS

On behalf of the Board of Directors, it is our privilege and honour to present the twenty-eighth Annual report along with
Audited Standalone and Consolidated Financial Statements and Independent Auditors' Report thereon for the Financial
Year (FY) ended 31^st March 2026.

The financial year 2025-26 reflected a dynamic evolution
in global LNG markets, marked by resilience in the face
of emerging challenges. The year began on a stable and
encouraging note, supported by balanced supply conditions
and steady demand across key consuming regions. As per
GIIGNL Annual Report 2026, Global LNG trade expanded
from approximately 406 million tonnes in 2024 to about
428 million tonnes in 2025, underscoring the continued
structural growth of natural gas as a transition fuel.

LNG markets remained stable in the early part of the year
(financial year 2025-26), supported by subdued European
demand and adequate supply, but turned increasingly
volatile toward year-end amid escalating geopolitical
tensions in the Middle East. Disruptions to critical shipping
routes, particularly the Strait of Hormuz, led to force majeure
declarations by key suppliers, tightening LNG availability
and driving a sharp escalation in energy prices. These supply
constraints moderated LNG imports into India, although
overall natural gas consumption remained broadly stable,
supported by sustained CGD demand. With a strong
foundation and strategic focus on long-term growth, your
Company remains well-positioned to capitalize on emerging
opportunities in the global LNG landscape while continuing
to contribute to India's energy security.

Despite this challenging environment, your Company
demonstrated strong operational resilience, ensuring
uninterrupted operations at Dahej and Kochi terminals and
achieving a throughput of 901.12 TBTU in FY 2025-26, with
the Dahej terminal maintaining a high-capacity utilization
of 91.9% and the Kochi terminal recording its highest
capacity utilization since commencement of operations
(in year 2013) at 26.3%. Operations at both the plants have
been safely carried out throughout the year, ensuring
100% availability for both the plants. This performance
highlights the Company's robust infrastructure, operational

excellence and ability to adapt effectively to evolving
market conditions.

Your Company's unwavering commitment to Health, Safety
and Environment (HSE) and wellbeing has continued to set
industry benchmarks. Both Dahej and Kochi LNG Terminals
have successfully retained their "Five Star Rating" in 2026 in
the globally renowned British Safety Council Occupational
Health and Safety Audit for 4^th consecutive year.

As a responsible corporate, your company is consistently
adopting sustainable practices as a result, your company
has been awarded rank 1 in the category of "Most
Sustainable Company in the Oil & Gas Sector" by BW
Businessworld, reaffirming its position as an industry leader
with sustainable and responsible growth. This achievement
reflects PLL's focused efforts towards environmental
stewardship, operational excellence and long-term value
creation through future ready business practices. The
robust and efficient operations are being showcased
through sustainability report which your company is
publishing every year.

Dahej LNG Terminal

While West Asia Conflict has impacted your Company's long
term LNG sourcing, however, Dahej terminal demonstrated
encouraging performance and strong operational resilience
for the financial year 2025-26. Dahej terminal name plate
capacity was expanded from 17.5 MMTPA to 22.5 MMTPA
in the month of March 2026. The terminal operated at 91.9
% capacity utilization and achieved a throughput of 16.09
MMTPA during financial year 2025-26, compared to 96.6%
capacity utilization and a throughput of 16.91 MMTPA in
the previous financial year. The Terminal achieved a total
energy send-out of 832.91 TBTUs in 2025-26, against
875.78 TBTUs in 2024-25. Specific power consumption
stood at 0.250 kWh/MMBtu for the financial year 2025-26,
compared to 0.254 kWh/MMBtu in the previous financial
year. The terminal unloaded 247 LNG ships in 2025-26,
as compared to 258 ships in 2024-25. On the LNG truck
loading front, terminal loaded a record 13,508 LNG trucks

in this financial year, up from 12,411 trucks in the previous
financial year i.e., 8.8% increment. Notably, the terminal
recorded its single day highest ever 56 LNG Truck fillings
on 22^nd December 2025 and highest ever 1251 LNG Truck
fillings in a month of January 2026.

Further, large storage capacity of 12,72,000 m³ of LNG
at Dahej Terminal provides sustainable operations and

operational flexibility during supply disruptions due to
geopolitical conflicts and bad weather etc.

In order to cater to increasing LNG demand for supply
through trucks, your Company has enhanced truck loading
capacity by doubling the truck loading bays from four
numbers to eight numbers.

Kochi LNG Terminal

The Kochi Terminal, with a nameplate capacity of 5 MMTPA,
operated at highest ever capacity utilization at 26.3% with
a total sendout of 1.31 MMTPA in financial year 2025-26,
compared to 22.6% capacity utilization and with a total
sendout of 1.13 MMTPA in the previous financial year. The
terminal achieved a highest ever sendout of 68.21 TBTUs in
financial year 2025-26, surpassing the previous best of 58.63
TBTUs in the previous financial year. The Kochi terminal also
reached highest ever daily, monthly, quarterly and yearly
capacity utilization of 40.6%, 33.7%, 29.2%, 26.3% on 23^rd
January 2026, January 2026, Q3 FY 2025-26 and FY 2025-26
respectively.

On the LNG truck loading front, Kochi terminal achieved
highest ever yearly LNG Truck filling of 3,236 numbers in

financial year 2025-26, which is around 17.3 % higher than
2,758 trucks filled in the previous financial year.

In order to cater to increasing LNG demand for supply
through trucks, your Company has enhanced truck loading
capacity by doubling the truck loading bays from two
numbers to four numbers .

Furthermore, leveraging Kochi's strategic geographical
location, the terminal has been uniquely positioned in the
country to offer a package of associated niche services
at a single location. These include GUCD, LNG bunkering
and LNG reloading operations. Following a successful
upgrade of the GUCD facility in 2025 and subsequently
demonstrating its efficiency, the LNG bunkering and
reloading infrastructure is also being revamped to align
with the highest global standards.

LNG Sourcing

Your Company has three long-term LNG contracts. The first
contract is with QatarEnergy (RasGas), Qatar for sourcing
7.5 MMTPA LNG on long term basis for 25 years, under
which LNG supplies commenced in 2004. These volumes
of LNG are imported on Free on Board (FOB) basis, from
Ras Laffan, Qatar through its three long-term-chartered
LNG vessels primarily at Dahej Terminal. Your Company has
back-to-back sales arrangements - Gas Sales and Purchase
Agreement (GSPA) with GAIL (India) Limited (GAIL), Indian
Oil Corporation Limited (IOCL) and Bharat Petroleum
Corporation Limited (BPCL) in the RLNG off take ratio of
60:30:10, respectively.

Armed conflict and related hostilities in the Middle East
region broke out on 28^th February 2026, resulting in
significant disruption to maritime navigation through the
Strait of Hormuz and LNG loading operations in the region.
Consequently, your Company issued Force Majeure notice
to QatarEnergy under the SPA on 2^nd March 2026, to the
owners of the three chartered vessels under the respective
charter agreements on 3^rd March 2026 and to its customers
under the relevant GSPAs on a back-to-back basis on 3^rd
March 2026. QatarEnergy also invoked Force Majeure
under the SPA and served notice to the company on 4^th
March 2026, consequently to which the company served
Force Majeure notice to its customers on 5^th March 2026, as
a result, LNG cargoes loading from Qatar remained largely
disrupted from 3^rd March 2026 onwards. Further, one LNG
cargo loaded prior to the disruption, arrived on 19^th June
2026 at Dahej LNG Terminal, became first Indian LNG carrier
to transit the Strait of Hormuz following its reopening.

As you are already aware, your Company has executed
LNG Sale & Purchase Agreement (LNG SPA) for purchase
of around 7.5 MMTPA LNG with QatarEnergy on long¬
term basis on 6^th February 2024 for another twenty years.
Under the new agreement, LNG supplies will be made on
delivered (DES) basis commencing from 2028 till 2048.
Similar to existing agreement of 1999, the LNG volumes
under the new SPA shall also be off taken by GAIL (60%),
IOCL (30%) and BPCL (10%) after regasification primarily
from Dahej Terminal.

Further, your Company has a contract with Mobil Australia
Resources Company Pty Ltd (MARC - a subsidiary of Exxon
Mobil) for 1.425 MMTPA of LNG supply on long term basis

for 20 years. The LNG is supplied by MARC from its global
portfolio mostly from Australia and Oman, primarily at
Kochi Terminal on delivered basis. The LNG supply of 1.425
MMTPA under MARC contract commenced in Financial
Year 2016-17. Your Company has back-to-back sales
arrangements - Gas Sales and Purchase Agreement (GSPA)
with BPCL, IOCL and GAIL, in the RLNG off take ratio of
40:30:30, respectively with validity till November 2035.

Your Company signed another LNG Sales and Purchase
Agreement (SPA) with Exxon Mobil Asia Pacific Pte. Ltd.
(EMAPPL - a subsidiary of Exxon Mobil) in 2017 for purchase
of approx. 1.2 MMTPA of LNG for a duration of 15 years.
The supplies under this SPA have commenced in April'26.
Similar to MARC SPA, the LNG volumes under this SPA shall
also be off taken by BPCL (40%), IOCL (30%) and GAIL (30%).

Small Scale LNG

Your Company is committed to reducing greenhouse gas
(GHG) emissions from Medium and Heavy Commercial
Vehicles (M&HCVs) by offering LNG as a cleaner, more cost-
effective and efficient fuel. The transportation sector is a
significant contributor to emissions and the Government
of India (GOI) aims to achieve net-zero emissions by 2070.
LNG, the cleanest burning fossil fuel, reduces CO₂ emissions
by 20-22% compared to diesel and produces minimal SOx
and PM emissions, making it an ideal fuel for M&HCVs. The
market of LNG for transportation as a fuel is expected to
grow to 8-10 MMTPA over the next 6-8 years, supporting
India's transition to a gas-based economy and increasing
the share of natural gas in the energy mix.

In this direction, your Company has already set-up four
LNG dispensing stations in Southern India of which three
stations in Tamil Nadu which have been commissioned
and one station in Karnataka will be commissioned shortly.
Further, to decarbonize the logistics movement arising
from Cochin Port area, your Company has also started
the development of its 5^th LNG Dispensing Station at
Vallarpadam in Kochi.

Also, anticipating the growth and future of LNG use as an
automotive fuel in India, your Company is planning to set
up additional LNG dispensing stations along key National
Highways (Delhi to Mumbai and Mumbai to Bangalore) and
in the industrial clusters of Odisha. This expansion is aimed
at strengthening fuel infrastructure, ensuring reliable

Shipping Arrangements

As mentioned earlier, your Company has been importing
7.5 MMTPA of Liquefied Natural Gas (LNG) from Ras Laffan,
Qatar, on a Free on Board (FOB) basis since 2004, ensuring
long-term security of LNG supply. To enhance supply
reliability and mitigate exposure to freight rate volatility, your
Company secured access to LNG shipping capacity through
long-term charter arrangements for three LNG carriers-
Disha, Raahi and Aseem, each chartered for a period of 25
years. These vessels are owned by a consortium comprising
Nippon Yusen Kaisha (NYK Line), Kawasaki Kisen Kaisha (K
Line), Mitsui OSK Lines (MOL) and Shipping Corporation of
India Limited (SCI), with your Company holding a strategic
3% equity interest in LNG carrier Aseem. In addition, your
Company holds a 26% equity stake in a fourth LNG carrier,
Prachi, which was chartered on a long-term basis and
later novated to Exxon Mobil in financial year 2017-18,
with the remaining equity held by the same consortium.
The technical management and manning of all LNG
carriers are undertaken by Shipping Corporation of India
Limited, ensuring operational reliability and adherence to
established safety and performance standards. Collectively,
these arrangements provide your Company with assured
shipping capacity, greater cost predictability and long¬
term value creation through strategic equity participation.

During financial year 2025-26, your Company's shipping
operations were executed with a sustained commitment to
the highest standards of safety, operational excellence and
efficient fuel management, while ensuring strict adherence

to the environmental and regulatory requirements. Your
Company successfully managed its LNG transportation
programme, demonstrating strong operational discipline
and supply chain coordination. Operations were, however,
impacted in March 2026 due to geopolitical conflict in
the Middle East, which led to the closure of the Strait of
Hormuz and the declaration of Force Majeure by the LNG
supplier, resulting in the suspension of LNG supplies from
Qatar during that period. Notwithstanding this disruption,
on the shipping front, Dahej LNG Terminal handled 247
LNG vessels, while the Kochi LNG Terminal recorded its
highest ever with 20 LNG vessels. LNG jetty utilisation at
both locations was optimised throughout the year and all
operations were carried out safely and efficiently, without
any operational downtime.

Dahej LNG Terminal received its 3,900^th LNG cargo
in March 2026, marking a significant operational
milestone. To ensure flexibility and continuity in meeting
operational requirements, the shipping supply-chain
was supplemented, as necessary on occasions such as
dry docking of any of the chartered vessels, by spot LNG
vessels chartered from the market at competitive rates.
Your Company's proactive approach to vessel deployment
and contingency planning enabled it to effectively manage
challenges and maintain overall operational performance
during the year.

Ongoing and systematic monitoring of vessel operations,
coupled with targeted optimisation measures, also enabled
improvements in the energy efficiency of the Company's

long-term chartered LNG carriers during the year. These
efforts resulted in a notable reduction in the carbon
footprint per MMBTU of LNG transported, compared to
the emissions intensity recorded in the previous financial
year (please also refer section on Conservation of energy
for details). In response to evolving international regulatory
requirements, your Company has proactively strengthened
compliance with the environmental standards prescribed
under the International Convention for the Prevention of
Pollution from Ships (MARPOL). Accordingly, compliance
with the Energy Efficiency Existing Ship Index (EEXI) and
the annual operational Carbon Intensity Indicator (CII),
including applicable performance ratings, has been
implemented for the Company's long-term chartered
LNG carriers through the vessel manager with effect from
November 2023.

Financial Performance

During FY 2025-26, your Company achieved a turnover of
Rs. 43,494.91 Crore as against that of Rs. 50,979.56 Crore

in FY 2024-25. Profit Before Tax (PBT) stood at Rs. 5,157.55
Crore in FY 2025-26 as against Rs. 5,275.18 Crore in FY 2024¬
25. Profit After Tax (PAT) was Rs. 3,842.67 Crore during FY
2025-26 as against Rs. 3,926.37 Crore in FY 2024-25. The
Company was able to achieve robust financial results riding
on stable LNG prices during most of the part of FY 2025-26
and achieving efficiency and optimization in its operations.
Net worth of your Company has increased from Rs. 19,382.38
Crore as on 31^st March 2025 to Rs. 21,719.66 Crore as on 31^st
March 2026, registering a growth of over 12%.

In accordance with the provisions of the Companies Act
2013, SEBI (Listing Obligations and Disclosure requirements)
Regulations, 2015 and applicable Accounting Standards,
the Audited Standalone and Consolidated Financial
Statements of the Company for FY 2025-26, together
with the Independent Auditors' Report form part of this
Annual Report.

The key highlights of the standalone and consolidated
financial results are as follows:

A. Financial highlights on a Standalone basis for FY 2025-26 are as under:

B. Financial highlights on a Consolidated basis for FY 2025-26 are as under:

In accordance with the provisions of the Companies Act, 2013 and the Indian Accounting Standards (Ind AS) issued by
the Institute of Chartered Accountants of India, the Company has prepared the Consolidated Financial Statement for
the group, including subsidiaries, joint venture entities and associates, which forms part of the Integrated Report. The
highlights of the Consolidated Financial Results are as under:

Dividend

The Board of Directors of your Company has recommended
a final dividend of Rs. 3 per equity share (of the face value
of Rs. 10/- each) i.e. 30% of the paid-up Share Capital of the
Company as at 31^st March 2026. This is in addition to the
Interim Dividend of Rs. 7 per equity share (of the face value
of Rs. 10/- each) declared by the Company in November
2025. This is the 20^th consecutive year for which your
Company has recommended payment of dividend.

The final dividend shall be paid to the members, whose
names appear in the Register of Members as well as the
Beneficial Ownership Position provided by NSDL/CDSL as
at the close of business hours on Friday, 12^th June, 2026
(Record date).

Your Company has duly approved Dividend Distribution
Policy. The same is available on Company's website at
https://www.petronetlng.in/documents/d/pertonetlng/
dividend_policy

Foreign Exchange Earning and Outgo

Your Company's foreign exchange earning was Rs 13.88
Crore and foreign exchange outgo was Rs. 37,788.59 Crore
during the Financial Year 2025-26.

Contribution to Exchequer

Your Company contributes significantly to both the Central
and State Government exchequers through its business
operations. The contributions encompass major taxes and
levies, including Income Tax, Customs Duty, Goods and
Services Tax (GST), Value Added Tax (VAT) and Central Sales
Tax (CST).

During the financial year 2025-26, the total contribution
of your Company to the National and State exchequers
aggregated to Rs. 7,886.36 Crore.

Change of situation of Registered Office

The situation of registered office of the company has been
changed from World Trade Centre, Barakhamba Lane, Babar
Road, New Delhi-110001 to Fourth Floor, Tower-I, World
Trade Centre, Nauroji Nagar, New Delhi - 110029 w.e.f. 26^th
November 2025.

Changes in Share Capital

There was no change in the Share Capital of the Company
during the year. Your Company has an Authorised Share
Capital of Rs. 3000,00,00,000/- (Rupees Three Thousand
Crore) divided into 300,00,00,000 (Three Hundred Crore)
equity shares of face value of Rs. 10/- (Rupees Ten) each
and paid-up share capital of Rs. 1500,00,00,880/- (Rupees
One Thousand Five Hundred Crore Eight Hundred Eighty)
divided into 150,00,00,088 (One Hundred Fifty Crore
Eighty-Eight) equity shares of face value of Rs. 10/- (Rupees
Ten) each. Further, the Company did not raise any funds by
issuance of debentures/bonds.

Adequacy of Internal Financial
controls with reference to the Financial
Statement

Your Company has a robust system of the Internal Financial
Controls (IFC) and its monitoring. The IFC framework and the
Risk Control Matrix (RCM) for various business processes are
in place and are reviewed consistently by the management
and Audit Committee. Independent professional agency is
engaged for IFC testing. The IFC system ensures compliance
of all applicable laws and regulations, optimum utilization
and safeguard of the company's assets and accuracy/
completeness of financial records/report.

Credit Rating

Your Company continues to demonstrate a robust credit
profile, reaffirmed by the highest ratings from leading
domestic credit rating agencies.

On the domestic front, your Company has maintained
ratings of ICRA AAA (Stable) for long-term debt and ICRA
A1+ for short-term debt. CRISIL has similarly reaffirmed its
AAA (Stable) corporate credit rating to your Company.

Internationally, Moody's has reaffirmed a Baa3/Stable
Long-Term Issuer Rating to your Company, which is at par
with India's sovereign rating.

These consistent reaffirmations by global and domestic
agencies reflect the confidence reposed in your Company's
financial strength, liquidity position and long-term stability.

Project Financing

Your Company has executed a Loan Agreement of Rs.
12,000 Crore under a Secured Rupee Term Loan (RTL)
financing for its upcoming Petrochemicals Project and
other capital expenditure requirements. The facility has

been tied up through a consortium consisting of State
Bank of India (leader of consortium) and Bank of Baroda,
with each bank extending Rs. 6,000 Crore. The RTL is
structured on a competitive floating interest rate linked to
external benchmarks. This landmark financing represents
the largest loan tie-up in the history of your Company.

Project Insurance

Your Company has secured an Erection cum Marine
Insurance Policy for its Petrochemicals Project at one of
the lowest rates in the Oil & Gas industry, reflecting its
commitment to financial discipline and cost optimisation
across all project expenditures.

Details of Subsidiary/Joint Ventures/
Associate Companies

A statement containing the salient features of the Financial
Statements of your Company's Subsidiaries, Joint Ventures
and Associate Companies as per the first proviso of Section
129(3) of the Companies Act, 2013 including the individual
contribution of these companies towards the overall
performance of Company during the period is given under
Consolidated Financial Statements forming part of this
Annual Report.

Followings are the brief on the Subsidiary /Joint Ventures/
Associate companies.

1.    Adani Petronet (Dahej) Port Ltd

Your Company has a 26% equity in Adani Petronet
(Dahej) Port Limited (APDPL) and the balance equity
is held by Adani Ports and SEZ Ltd. APDPL is a Joint
Venture of your Company. It owns and operates a Solid
Cargo Port at Dahej in Gujarat and had commenced
its operations in August 2010. The Solid Cargo Port
Terminal has facilities to import/export bulk products
like coal, steel and fertilizer, etc.

2.    India LNG Transport Company (No. 4)
Private Limited

India LNG Transport Company (No. 4) Private Limited
(ILT4) is a Joint Venture (JV) of your Company with a
26% equity shareholding, with the balance equity
held by Nippon Yusen Kaisha (NYK), Mitsui OSK Lines
(MOL), Kawasaki Kisen Kaisha (K-Line) and Shipping
Corporation of India Limited (SCI).

ILT4 is the owner of vessel MT Prachi and is engaged in
the transportation of LNG. It is one of your Company's
strategic investments and has its principal place of
business in Singapore.

3.    Petronet LNG Foundation

Petronet LNG Foundation (PLF), a Company Limited by
Guarantee and incorporated on 31^st March 2017, has
been promoted by your Company under the provisions
of Section 8 of the Companies Act, 2013 and the rules
made thereunder as a wholly owned subsidiary of your
Company.

Petronet LNG Foundation is facilitating your Company
to comply with its requirement of Corporate Social
Responsibility (CSR) under provisions of Section 135 of
the Companies Act, 2013 and rules made thereunder.

4.    Petronet Energy Limited

Petronet Energy Limited (PEL) was incorporated as
a wholly owned subsidiary of your Company on 26^th
February 2021 with authorized share capital of Rs. 500
Crore and paid up share capital of Rs. 10 Crore, with an
objective to pursue business operations in the areas of
LNG Bunkering, Gassing up and/or Cool down (GUCD)
of LNG ships, supply of heel quantity to LNG vessels
and other allied services.

PEL has set up a unit at Puthuvypeen SEZ (PSEZ) on
27^th July 2022, which has also obtained all necessary
regulatory approvals to start the operations at PSEZ.
The strategic location of Kochi terminal is considered a
potential location for refuelling of vessels on the East-
West shipping trade route and is also considered as a
suitable location for carrying out GUCD operations.

5.    Petronet LNG Singapore Pte. Ltd.

Your Company envisages to be a Global LNG player and
has thereby incorporated a wholly owned subsidiary
company "Petronet LNG Singapore Pte. Ltd." (PLSPL)
on 7^th March 2022. PLSPL has been incorporated to
carry out business/activities, including but not limited
to purchase of LNG on long, spot and short-term basis
and sale of LNG, trading of LNG to Indian and foreign
companies, optimization and diversion of LNG under
its portfolio, carry out hedging, investments in overseas
ventures, etc.

PLSPL has an issued share capital of USD 1,75,000
comprising 175,000 shares of USD 1 each, fully
subscribed by your Company.

A Company Limited by Guarantee (not-for-profit
entity) under Section 8 of the Companies Act, 2013,
was incorporated on 3^rd April 2026 as a wholly owned
subsidiary of your Company. The entity's primary
objective is to incubate early-stage startups across
all areas of the energy sector, including upstream,
midstream and downstream activities such as
exploration, production, refining, natural gas, RLNG,
LNG, SSLNG, renewables, hydrogen, biofuels (including
compressed biogas), petrochemicals including catalyst
development, carbon management, energy storage
and other sustainability-driven initiatives. This support
is aimed to be provided through a structured incubation
framework encompassing access to prototyping
and testing facilities, regulatory facilitation, industry
mentorship and commercialization enablement.

Expansion and Diversification Projects

1. Dahej Capacity Expansion to 22.5 MMTPA

During the Financial Year 2025-26, your company
commissioned 5 MMTPA regasification capacity
augmentation project on 31^st March 2026, taking the
Dahej terminal's total regasification capacity to 22.5
MMTPA. This additional capacity further cements Dahej's
position as the busiest R-LNG terminal of the world,
besides providing significant flexibility to domestic
natural gas entities with regards to reaching out to end
users at an affordable price. The project was completed 2
months ahead of the Board-approved schedule

2. Third Jetty Project at Dahej

To enhance the reliability of the Dahej Terminal,
accommodate incremental LNG volumes aligned with
the expanded capacity and support the Company's
diversification plans, the Company is constructing a
third jetty at Dahej at an estimated cost of Rs. 2,013
Crore. The jetty is uniquely designed to handle LNG
as well as liquefied ethane and propane. Propane
will primarily serve as feedstock for the Company's

upcoming petrochemicals project, while ethane¬
handling facilities are being developed to meet the
requirements of third-party customers. The jetty
is designed to accommodate LNG carriers ranging
from 125,000 m³ to 266,000 m³ (Q-Max) and ethane/
propane carriers exceeding 60,000 m3. Construction
is progressing well with approximately 70% of the
progress achieved as of end July 2026, the project is
targeted for completion in FY 2027-28.

3. Petrochemical Complex at Dahej

As part of the Company's diversification initiatives, a
Petrochemicals Complex is being developed at Dahej
at an estimated cost of Rs. 20,685 Crore. The complex
comprises a 750 KTA Propane Dehydrogenation (PDH)
unit and a 500 KTA Polypropylene (PP) unit, along with
ethane and propane storage and handling facilities.
Subsequent to the foundation stone laying by the
Hon'ble Prime Minister of India on 12^th March 2024,
tenders for long-lead items, EPC and other project
packages aggregating Rs. 15,548 Crore were floated
within a short period. A commitment of approximately
Rs. 13,346 Crore has already been made towards award

of select packages and other project-related activities.
Site infrastructure development is progressing at pace
and overall project progress stood at approximately
38.6% as of end July 2026. A key differentiator of the
project is the pioneering integration of the Dahej LNG
terminal with the petrochemicals complex. The cold
energy released during LNG vaporization-typically
dissipated to the atmosphere, will be harnessed to
meet critical cryogenic cooling requirements of the
petrochemical plant. This initiative is expected to
reduce power consumption by about 12-15 MW,
significantly optimizing capex and opex, while also
lowering Scope 2 emissions.

4. LNG Storage and Regasification Project at
Gopalpur, Odisha

To strengthen LNG import infrastructure and expand its
presence on the country's eastern coast, your Company
is setting up its third LNG terminal at Gopalpur, Odisha.
The project entails development of a land-based

terminal with a capacity of 5 MMTPA with an overall
investment of Rs. 6,354.80 Crore. All pre-project
activities have been completed and the environmental
clearance process is at an advanced stage. An 80-acre
land parcel has been allocated, payment for the same
has been made and physical possession of the land has
been taken.

5. Installation of Additional Truck Loading
Bays at Dahej and Kochi

Your Company believes this segment has significant
growth potential and is expected to play an
increasingly important role in promoting LNG as a
cleaner energy source for industrial applications and

long-haul transportation. Accordingly, your Company
plans to further augment LNG truck-loading capacity
at both terminals. Actions have been initiated to add
Six additional truck-loading facility (TLF) bays at Dahej
and Two at Kochi, taking the total from Eight numbers
to Fourteen numbers and from Four numbers to Six
numbers bays, respectively.

6. Affordable Rental Housing Complex
(ARHC)

To promote economic activity under the Atmanirbhar
Bharat vision and improve living conditions for urban
migrants and low-income industrial workers, the
Ministry of Housing and Urban Affairs, Government of
India, launched the Affordable Rental Housing Complex
(ARHC) scheme as a sub-scheme under Pradhan Mantri
Awas Yojana-Urban (PMAY-U). The scheme seeks to
support the migrant workforce by providing affordable
and dignified housing close to workplaces. As part of

its social responsibility initiatives, your Company has
undertaken the construction of 1,500 dwelling units at
Eksal village, District Bharuch, Gujarat, at an estimated
cost of approximately Rs. 100 Crore under the ARHC
scheme. The complex comprises 14 blocks of 1BHK
flats and five blocks of dormitory units. All 14 blocks of
1BHK flats are ready for occupancy and the dormitory
blocks are at an advanced stage of completion. Overall
project progress stood at around 98.5% as of end July
2026, and the project is expected to be completed by
August 2026.

Your Company is in the process of upgrading its core
ERP system from SAP ECC to SAP S/4HANA, with a focus
on enhancing operational efficiency and enabling
real-time data visibility through the in-memory
HANA platform. The initiative is driven by evolving
business requirements necessitating upgradation of
the Company's ERP environment.

Your Company has engaged expert consultants
and constituted cross-functional teams to support
a structured transition, ensuring alignment with
business processes and future requirements.

The proposed upgradation is expected to further
enhance business processes, streamline operations,
improve system integration, strengthen analytics and

reporting capabilities through advanced processing
and simplified data structures.

8. Corporate Office (Nauroji Nagar)

During the year, your Company has moved its
corporate office from rented premises at World Trade
Centre, Connaught Place, New Delhi to own office at
World Trade Centre, Nauroji Nagar, New Delhi. The
new office was inaugurated by Secretary MoP&NG and
Chairman, PLL on 29^th September 2025. Total amount
spent by PLL on acquisition of this asset amounts
to Rs. 469 Crore. This marks a key milestone in the
Company's infrastructure development as it provides
an excellent working environment to the employees of
your Company and reflects its continued investment in
long-term operational capabilities.

New Business Initiatives

1. Execution of new Contracts

During FY 2025-26, your Company executed and
progressed several strategic contracts across the LNG
value chain to enhance infrastructure utilisation and
strengthen long-term revenue visibility.

• In July 2025, your Company entered into a
Regasification agreement with Performance
Chemiserve Limited (PCL), a wholly owned

• In January 2026, your Company entered into a
five-year Master Regasification Agreement (MRA)
with Oil and Natural Gas Corporation Limited
(ONGC) for providing LNG receipt, storage and

regasification services, primarily at the Dahej LNG
Terminal. The agreement is expected to improve
capacity utilisation and further strengthen the
strategic partnership with ONGC.

• Your Company also executed a Master Agreement
for Sale of regasified LNG, with Mahanagar Gas
Limited (MGL) in January 2026, under which LNG
cargoes will be procured through empanelled

global suppliers and RLNG supplied to MGL,
based on requirements. This agreement enhances
marketing flexibility and supports higher terminal
throughput.

2. Ethane Unloading, Storage and Handling

In December 2025, your Company signed a binding
15 year Term Sheet with ONGC for Ethane Unloading,
Storage and Handling (USH) services at Dahej, under
which approximately 600 KTPA of ethane handling
capacity will be reserved.

These contracts, together with already executed long
term propylene and hydrogen supply agreement with
Deepak Phenolics Limited, underscore your Company's
strategic focus on portfolio diversification, value-added
infrastructure services and long term revenue stability.

3. Supply of Ethane through Railways

Your Company is exploring the supply of ethane and
propane from PLL's Dahej Terminal in Gujarat to various
land-locked petrochemical plants across India through
railways transportation.

Your Company signed a non-binding tri-partite MoU

with CONCOR and HMEL in April 2026 to explore
transportation of Ethane/Propane from rail siding
facility at Dahej.

Your Company is also exploring the ethane
transportation options through dedicated pipeline and
same is under discussion with prospective off-takers.

4. Compressed Biogas (CBG)

Your Company is actively exploring opportunities
in the CBG segment as part of its clean energy and
circular economy initiatives, with efforts underway
to establish 25 CBG plants across various regions of
India. PLL has signed MoU with Indian Oil Corporation
Limited (IOCL) in January 2026 to strategically
collaborate on the development of 25 CBG plants
across India. Your Company is also under the process
of setting up a 2 Tons/day cattle dung based CBG plant
in Golasan village, District Jalore, Rajasthan under
its CSR initiative. This initiative will not only promote

clean energy generation but also support effective
waste management, enhance rural livelihoods and
contribute to environmental conservation.

Further, with the objective of optimising capital
expenditure on plant and machinery, operating
expenditure, feedstock sourcing assurance and land
acquisition in expeditious manner, discussions are
underway with leading CBG developers for Strategic
collaboration for the establishment of CBG plants
across country. These engagements are aimed at
leveraging partner expertise in technology, execution
and O&M while optimising project risks and returns.

5.    Foray into Renewable Energy

As part of its value chain decarbonisation and power
cost optimisation strategy, your Company is exploring
Group Captive Hybrid Renewable Energy (RE)
solutions to meet the long-term power requirements
of the Dahej Terminal (~30 MW) and upcoming
Petrochemical Complex (peak demand of ~160 MW),
with the objective of securing a sustainable, reliable
and cost-effective power supply while reducing its
carbon footprint.

This initiative reflects your Company's steadfast
commitment towards sustainable operations and Net-
Zero goals.

6.    LNG Bunkering

Your Company is exploring LNG bunkering services
from its Kochi LNG terminal as a new growth avenue,
aligned with the evolving maritime fuel transition
and global adoption of LNG as a cleaner marine fuel.
Following the expected growth in container and
trans-shipment traffic, market interactions suggest
a favourable demand outlook for LNG bunkering
services from international shipping operators and
accordingly, bunkering facilities are being upgraded at
Kochi terminal.

7.    Sale of Hydrogen

Your Company would be producing around 33
KTA of Hydrogen as a by-product from upcoming
petrochemical complex at Dahej and 11 KTA of
Hydrogen has already been tied-up on long term
basis. In parallel, your Company is also engaging
with prospective parties in fertilizers, chemical &
retail sectors for the sale of approximately 22 KTPA
of uncommitted hydrogen volumes proposed to be
produced from the upcoming petrochemical complex
at Dahej.

8. Other Strategic Initiatives
MC2 Foundation:

The energy startups in India have received only ~2% of
total funding during the period 2020-2025 as compared
to overall startup funding in India. Further, the core
Oil & Gas technologies have attracted comparatively
lower levels of investment.

Energy technologies differ fundamentally from
typical software-driven ventures. They require capital¬
intensive prototyping and validation, access to
industrial-scale facilities for pilot testing, compliance
with safety and environmental regulations, longer
development cycles and integration with large
infrastructure systems.

In order to achieve the overall objectives, a national-
level platform was envisaged to support research,
incubation, commercialization and enterprise creation
aligned with India's energy priorities.

To facilitate the above in a synergised manner and
to build a nationally coordinated, sector-dedicated
platform, your Company has incorporated a not-for-
profit Section 8 Company namely "MC2 Foundation"
limited by guarantee under of the Companies Act, 2013.
The Foundation's primary objective is to incubate early-
stage startups in all areas relating to energy including
upstream, midstream & downstream including
exploration, production, refining, Natural gas, RLNG,
LNG, SSLNG, renewables, hydrogen, biofuels (including
compressed biogas), petrochemical including catalyst
development, carbon management, energy storage,
and other sustainability-driven initiatives. This support
is delivered through a structured incubation framework
encompassing access to prototyping and testing
facilities, regulatory facilitation, industry mentorship,
and commercialization enablement.

Your Company continues to demonstrate exemplary
leadership in safety, sustainability and employee well¬
being across its operations. Your Company's consistent
recognition at national and international platforms reflects
its deep-rooted commitment to operational excellence and
safe business practices.

Leading its achievements on the global stage, both Dahej
and Kochi LNG Terminals have won the British Safety
Councils' 5-Star Rating in occupational health and safety
audits for 4^th consecutive year. This eminent international
recognition, underscores Company's unwavering
commitment to the highest standards of occupational
health and safety.

Further reinforcing its strong safety culture, Dahej
LNG Terminal was awarded the Silver Trophy at the
"Shreshtha Suraksha Puraskar 2025" under the Group A1
- Manufacturing Sector by the National Safety Council of
India. Additionally, Kochi Terminal received the Factories
and Boilers Safety Award 2025 (Category II - Large Factories),
recognising excellence in industrial safety practices.

A key pillar of your Company's operational success is
its people-centric philosophy. The Kochi Terminal was
recognised as a "Happiest Workplace 2025-26," reflecting
the organisation's sustained efforts in fostering employee
engagement, well-being and a positive work environment.

On the sustainability and social responsibility front, your
Company has been recognised by Businessworld as one of
the Topmost Sustainable Companies in the Oil & Gas sector,
reaffirming its commitment to responsible and future-
ready operations. Further, your Company was honoured at
the 12^th Greentech CSR India Awards 2026 for its impactful
and innovative contributions to healthcare promotion.

Your Company's strong safety performance is further
demonstrated by its impressive cumulative safe working
record. As of March 2026, Dahej Terminal has achieved
32.225 safe million man-hours, while the Kochi Terminal
has recorded 3.690 safe million man-hours without lost
time incidents, highlighting its robust safety systems and
disciplined operational practices.

At Petronet LNG Limited, employee well-being is advanced
through tailored, terminal-specific frameworks that address
both operational safety and holistic health. The Dahej
Terminal has adopted a strategic approach to employee
wellness through the structured 7E Model (Engage, Educate,
Empower, Enable, Enrich, Evaluate and Evolve). To support
the diverse needs of its workforce, the Dahej terminal
drives overall well-being by facilitating interactive financial
literacy sessions with HDFC and SBI teams, sustaining
open organizational communication via regular Town Hall
Meetings and fostering physical health through the "Fit and
motivated Employee of the Month" recognition program.
Mental resilience, workplace inclusion and community
spirit at Dahej are actively reinforced through targeted
stress management initiatives. Simultaneously, the Kochi
Terminal successfully executed its Swasthya Employee
Wellness Programme, a comprehensive initiative
dedicated to fostering a proactive culture of health and

preventive care across its workforce. The Kochi program
delivered targeted training sessions in collaboration with
prominent medical institutions like VPS Lakeshore, Amrita
Hospital and Rajagiri, addressing critical pillars of well¬
being including independent operational safety (Lone
Working Training), metabolic and dietary health (Nutrition
for Metabolic Health and Meet Your Dietitian consultations)
and mental resilience (Brain Health and psychological
stress-management sessions), all backed by robust health
monitoring through specialized AIDS prevention and
routine health screenings. Together, these distinct terminal
initiatives ensure that Petronet LNG Limited maintains high
standards of physical, financial, mental and operational
health across its organizations.

These achievements collectively showcase Company's
steadfast commitment to international safety standards,
employee well-being and sustainable excellence, making it
a leading and responsible player in the energy sector

Petronet on Mission LiFE: FY 2025-26

Petronet on Mission LiFE: Your Company has undertaken
impactful environmental initiatives across its terminals.
At Petronet LNG Limited, environmental sustainability is
actively driven through site-specific employee-led green
initiatives. Within your Company's premises, the Dahej
terminal has achieved a cumulative plantation of 125 trees,
while the Kochi terminal has reached a cumulative total
of 330 trees. To foster a culture of ecological responsibility
across both locations, employee-driven plantation drives
are actively promoted through dedicated initiatives such
as "PLL Thanal" and "Ek Ped Maa Ke Naam"

Comprehensive marine ecological monitoring studies
have been conducted at both locations through reputed
agencies. These studies established baseline ecological
profiles across mangrove, intertidal, subtidal and offshore
ecosystems; evaluated water and sediment quality;
quantified faunal communities; and captured temporal
changes in mangrove extent. This work strengthens
environmental management, supports EIA requirements
and aids conservation planning for terminal operations and
surrounding coastal areas. Both terminals are equipped
with dedicated Environment Management Cells to ensure
effective implementation of stipulated environmental
safeguards and to promote sustainable operation.

Conservation of Energy and Technology
Absorption

Following initiatives implemented by your Company's
terminals demonstrate continued commitment towards
sustainability:

1 Energy saving / Optimization for cargoes

Your Company has a long-term LNG contract with
Qatar Energy for 7.5 MMTPA of LNG on an FOB (Free
on Board) basis, with LNG cargoes lifted from Ras
Laffan and delivered to the Dahej LNG Terminal. The
fuel consumed during these voyages amounts to
approximately 2 to 3 TBTU per year, which represents
a significant operational and environmental footprint.
Given the scale of this consumption, even marginal
improvements in voyage efficiency translate into
substantial absolute savings - both in monetary and
environment terms. Your Company has accordingly
placed a strong emphasis on continuous monitoring,
technical optimization and operational discipline
across the FOB fleet.

Key initiatives undertaken

•    Voyage-wise monitoring and deviation

analysis- Each voyage is closely tracked and any
abnormal fuel consumption is investigated to
identify the root cause and prevent recurrence.

•    Identification of optimization opportunities-

Continuous review of voyage data to pin-point
specific areas such as loading conditions and
ballast management where consumption can be
further reduced.

•    Speed optimisation - Adjustment of vessel
speed in line with schedule flexibility and weather
windows, leveraging the cubic relationship
between speed and fuel consumption to deliver
meaningful savings.

•    Use of waste heat at berth - Utilisation of available
waste heat during the voyage and at berth in
place of firing auxiliary boilers, thereby reducing
redundant fuel burn during port operations.

intensive refrigerant system. Leveraging PLL's inherent
advantage of having vast quantities of LNG cold
energy, the proposed integration of the LNG terminal
with the petrochemical plant is expected to optimize
power consumption by 12-15 MW. This translates into
a potential reduction of around 90,000 tCO₂ emissions
annually, making it a truly unique and environmentally
sustainable facility in the country.

3.    Unique fender and unloading arms design
in the Third Jetty

Your company is at an advanced stage of constructing
the Third Jetty at the Dahej terminal to support the
upcoming petrochemical project in addition to the
existing RLNG terminal. This jetty has been uniquely
designed to handle the unloading of three products-
LNG, Ethane and Propane. The company undertook the
challenge of accommodating vessels carrying these
products from the same jetty, with cargo capacities
ranging from 60,000 m³ to 266,000 m³, under varying
tidal conditions from high to low ranges. To address
these challenges, a unique marine berthing system
and marine unloading arm design were developed.

For handling smaller vessels with cargo capacity of
around 60,000 m3, the marine fender has been specially
designed with a double conical support arrangement
instead of the conventional single-support fender
plate. Further, the marine unloading arms have been
designed with extended reach and length, making
them distinctly different from conventional marine
unloading arms currently available worldwide. This
innovative design makes the facility highly versatile
and unique in its capability to handle multiple products
and vessel sizes from a single jetty.

4.    Installation of Variable Frequency Drive
(VFD) on HP LNG pump (Kochi Terminal)

Installation of VFD drive in HP LNG pump significantly
reduced 11500 KwH of average daily power
requirement compared to normal HP Pump, which
resulted in optimised operating cost.

5.    Tugboat shore power facility (Dahej
Terminal)

The introduction of shore power for tugboats has

emerged as one of the terminal's most impactful
sustainability initiatives. Diesel savings amounted to
approximately 100 KL during the financial year 2025¬
26, compared to 71 KL in financial year 2024-25. The
initiative delivers environmental benefits through
reduced carbon emissions as well as monetary benefits
to your Company.

6. Addition of chilled water Heat exchanger

The Kochi Terminal has added a standby chilled
water heat exchanger to enhance system reliability.
Previously, during maintenance of the primary chilled
water heat exchanger, a backup refrigerant-based
chiller, a high energy consuming unit, was required to
support the terminal HVAC system.

Research and Development

Your Company continues to advance its strategic research
and development (R&D) footprint, in alignment with
India's robust transition towards a net-zero economy and
the National Green Hydrogen Mission. Your Company has
undertaken following research & development initiatives:

1. Collaboration with the National Institute of
Technology Karnataka (NITK), Surathkal.

This partnership is focused on developing indigenous,
high-impact technologies to accelerate the domestic
hydrogen ecosystem:

i. Renewable Hydrogen Research: Petronet Centre
for Renewable Hydrogen Research at the Central
Research Facility of NITK, Surathkal is a dedicated
space to carry out the research activities on
renewable hydrogen production. The Centre has
set up a special facility to focus on researching
ways to create hydrogen fuel using methane rich
Biogas generated from a pilot Biogas Plant. Initial
results have been encouraging. Biogas reforming,
in particular, offers a sustainable and value-added
pathway for clean hydrogen production while
simultaneously addressing waste valorisation.
In this project, both steam methane and steam
biogas reforming were investigated using in-house
synthesised nickel-based bimetallic catalysts, with
biogas derived from food waste serving as the
renewable feedstock.

ii.    Hydrogen fuel cell and electrolysis technology
development: This project envisions creating
basic and advanced research infrastructure
facilities for developing and testing Alkaline water
electrolysers (AWEs) and low temperature PEM fuel
cells (LT-PEFCs). AWEs produce clean hydrogen
which is used by the LT-PEFCs to produce power.
Key Impact of the projects are:

•    Green Hydrogen Production: Electrolysis is a
key method for producing hydrogen, which
is considered a clean and sustainable fuel.
As the world seeks to reduce greenhouse
gas emissions, hydrogen produced through
electrolysis using renewable energy sources
(such as wind or solar power) has the potential
to replace fossil fuels in various applications,
including transportation and energy storage.

•    Education and Fundamental Research:
Electrolysis is often used as a teaching tool
to help students understand fundamental
principles of chemistry and electrochemistry.
Research in this area can lead to improved
educational materials and methods.

•    Development of Lab-scale electrolysis
test bench.

iii.    Development of hydrogen fuel cell stacks

for high-performance aerial vehicles: This
project aims to design and develop a compact
Hydrogen fuel cell system, as a primary power
source for high power drones. Thereby providing
a highly efficient and cost-effective indigenous
technology. Key expected outcomes of a fuel cell-
based high endurance drone project, particularly
in    applications such as the petrochemical

industry, include:

•    Fuel cell technology can significantly extend
drone flight duration (up to 10-15 hours),
allowing for longer operational ranges
and more comprehensive surveillance or
inspection capabilities.

•    Improved Operational Efficiency: Enhanced
energy efficiency leads to lower operational
costs over time, as fuel cells can provide a more

reliable and stable energy source compared
to batteries.

• Enhanced Payload Capacity: Fuel cell
drones can carry heavier payloads than
battery-powered drones, expanding their
capabilities for different sensors, cameras
and other equipment used for inspections
and monitoring.

In summary, a fuel cell-based high endurance
drone project is expected to contribute to
enhanced operational capacities, reduced
environmental impact and overall improvements
in efficiency and safety in various applications,
especially in sectors like petrochemicals.

2. Collaboration with UICET, Panjab
University

Recognizing the critical environmental challenge
posed by agricultural stubble burning and Nation's
commitment toward net zero, sustainable waste
management and air pollution mitigation, your
Company has undertaken a project on conversion
of Agricultural Stubble into Polymeric Composite
Materials, in association with University Institute of
Chemical Engineering & Technology (UICET), Panjab
University, Chandigarh. This project focuses on
developing ecofriendly and cost effective composite
panels using rice straw, rice husk, and phragmites. The
aim of the proposed project is to develop and evaluate
an eco-friendly composite panel from rice straw and rice
husk fibers bonded with a bio-polyurethane adhesive
derived from castor oil. This material is intended as a
sustainable alternative to conventional wood-based
particleboards for use in humid environments such
as in bathrooms and kitchens. On Environmental and
Socio-economic Impact Assessment, the proposed
project will not only help in replacing the wood
which is a precious natural resource but also help
in generating economic value for the crop residue,
which is otherwise burned causing severe pollution.
Furthermore, by offering a sustainable alternative to
wood, SAWPOLYCOM supports SDG 11: Sustainable
Cities and Communities, enabling the construction
of eco-friendly buildings while reducing
environmental degradation.

Your Company continues to regard its employees as a key
pillar of organizational strength and long-term value creation.
The knowledge, dedication and collective efforts of workforce
have played an important role in supporting business
continuity, operational excellence and sustainable growth.

A well-defined framework for participative management
continues to guide your Company's people philosophy,
built on the foundational principles of trust, accountability
and mutual respect. By fostering an inclusive workplace
culture, employees have been empowered to contribute
meaningfully as stakeholders in the Company's ongoing
success.

During the year under review, industrial relations remained
cordial and harmonious across the organization. There
were no incidents of industrial unrest and your Company
successfully maintained a strike-free and lock-out-free
environment throughout the year.

As on 31^st March 2026, the total employee strength of your
Company stood at 604, including MD & CEO and 2 Whole¬
time Directors. The attrition rate for FY 2025-26 was ~3%,
reflecting the continued trend of low employee turnover in
your Company.

Your Company remains committed to building a strong
talent pool and developing a robust leadership pipeline
to support its strategic growth objectives. In this direction,
the campus placement initiative, introduced three years
ago to induct young and promising graduates, continue
to serve as an important talent acquisition channel during
the year under review. Upto FY 2025-26, your Company
has inducted a total of 59 candidates, including 14 female
candidates, through campus placements, underscoring its
continued commitment to enhancing gender diversity and
building a young, future-ready talent pipeline to support
business expansion and diversification plans. In July 2026,
15 more nos. of GET and MTs were inducted out of which

5    were female candidates. These candidates were hired
from five IITs (Delhi, Madras, Kanpur, Roorkee & BHU) across
four engineering disciplines (Mechanical, Civil, Chemical

6    Electrical) and two leading B-Schools (MDI Gurgaon &

SIBM Pune) for the HR discipline, reflecting your Company's
focused engagement with premier academic institutions
to attract high-calibre young talent.

During 2025-26, certain mid-level specialized positions for
the Petrochemical project were advertised to meet project-
specific manpower requirements. A recruitment drive was
successfully conducted during the year strengthening your
Company's project execution capabilities and availability of
critical talent.

Overall, 42 employees, comprising experienced
professionals across various levels and freshers, joined your
Company during financial year 2025-26. This included the
appointment of two critical leadership positions, namely
Director (Finance) & CFO and Executive Director - HR.

Learning & Development (L&D) remained a key enabler
of capability building during the financial year 2025-26,
aligned to your Company's long-term talent strategy.
A total of 378 training programmes were conducted,
encompassing 594 participants and generating 36,291

man-hours (4,524 man-days) of structured learning, with
an average of 7.6 man-days per participant. The training
portfolio spanned functional, behavioural and compliance
requirements. Management Development Programmes
witnessed robust participation—65% for executives and
82% for non-executives—reflecting strong uptake of
leadership and role-based capability initiatives.

Your Company organized an extensive 90 days' Induction
program named 'DISHA - 2025' from July to October 2025
for Graduate Engineer Trainees and Management Trainees.
The programme accelerated assimilation through various
modules, enabling faster integration and early-career
productivity.

Further, your Company continues to strengthen its
campus and industry engagement through internships
and apprenticeships. This commitment is reflected in its
continued association with the Prime Minister's Internship
scheme, a collaborative initiative of the Ministry of
Corporate Affairs, FICCI and India's top 500 companies.

As part of its continued efforts to strengthen leadership
in the LNG value chain, your Company leveraged its state-
of-the-art LNG Academy to deliver three customised
programmes for key clients in the sector during financial
year 2025-26. The programmes, conducted for GAIL
Gas Limited and Mahanagar Gas Limited, reflected your
Company's commitment to capability building, knowledge
sharing and advancement of competencies across the LNG
ecosystem.

The Rewards and Recognition framework continued to
reinforce a culture of appreciation across the organization.
During the year, employees and their families were
recognized under schemes such as the Meritorious
Dependent Ward Special Award, Long Service Award

and Professional Upgradation Reward, acknowledging
academic excellence, sustained commitment and
professional development.

On 29^th September 2025, your Company achieved a
significant milestone by shifting into its own office
premises for the first time since inception. Your Company
acquired an office complex from NBCC at the I-Tower, World
Trade Centre, Nauroji Nagar, comprising three floors — 4^th,
5^th and 6^th — designed to cater to the present as well as
future manpower requirements of the Corporate Office.
This forward-looking initiative, along with the upcoming
Dwarka office, strategically positions your Company to
sustainably meet its long-term office space requirements,
in alignment with its growth and diversification objectives.

Your Company organised an event, "Yaadon ka Safar" on
28^th February 2026, to honour superannuated employees
for their valuable contributions to the Company's growth.
The event was organized at the new Corporate Office

and attended by a large number of former employees,
including the MD & CEO and Whole-time Directors. Recent
key developments and the organisation's future growth
plans were shared with the attendees.

On the occasion of International Women's Day on 8^th March
2026, your Company celebrated the spirit of womanhood
and acknowledged the essential role played by women in
society.

During the year, your Company undertook several strategic
HR and organizational initiatives aimed at enhancing
employee social security and overall well-being. The 'PLL
Benevolent Fund Trust' was successfully established and
operationalized, following approval from the Board of
Directors and Constitution of Group of Trustees, currently
awaiting approval from the Commissioner of Income Tax.

Employee wellness remained a key focus with the
organization conducting multiple health awareness
sessions and medical camps. Capacity-building initiatives
included comprehensive awareness programs on the
Prevention of Sexual Harassment (PoSH), workshops on
statutory compliance and contract labour laws and certified
first aid training. Governance frameworks were further
strengthened through the reconstitution of the Internal
Complaints Committee and consistent statutory updates.
Your Company maintained a positive workplace record
during the year under review, with NIL POSH complaints
and NIL safety incidents reported.

Your Company successfully hosted the 5^th Petroleum Sports
Promotion Board (PSPB) Inter-Unit Swimming Tournament
from 14^th January, 2026 to 16^th January, 2026 at Thrissur,
Keralam, featuring participation from various PSUs with a

total of 62 participants and continued active engagement
in various PSPB sports events such as athletics, volleyball,
chess, table tennis, badminton, carrom etc.

During the year under review, your Company participated
in India Energy Week (IEW), which was held during 27^th -
30^th January 2026 at ONGC Advanced Training Institute,
Goa. The event was inaugurated by the Hon'ble Prime
Minister of India, Shri Narendra Modi ji. Your Company was
among the exhibitors at the said event and also played an
instrumental role in facilitating the establishment of the
"LNG Eco-System Pavilion" by coordinating with various

organisations operating in the LNG business. The Pavilion
depicted the journey of the LNG supply chain, along with
key technological advancements and futuristic business
initiatives, thereby showcasing your Company's sustained
leadership, capabilities and commitment towards the
development of the LNG value chain and was one of the
most popular destinations for the participants.

Additionally, during the year, your Company enhanced its
industry connect through participation in various domestic
and international conferences and exhibitions such as
Vibrant Gujarat Regional Summit, GasTech, ADIPEC and

WPC (World Petrochemical Conference). Your Company also
nominated its employees to various national and international
conferences and seminars to prepare them to adapt to
emerging changes in the global LNG and energy landscape.

Corporate Communications

Brand Communications & Corporate Visibility

During FY 2025-26, PLL continued to strengthen its
corporate identity and enhance stakeholder engagement
through a comprehensive and strategically aligned
communications approach.The Company's communication
and brand-building initiatives during the year were driven
by a focused objective of positioning PLL as a future-ready,
reliable and nationally significant organisation contributing

meaningfully towards India's energy security, sustainability
goals and economic growth.

Strategic Industry Engagements &
Institutional Presence

During the year, PLL maintained a strong and impactful
presence across several key industry forums, conferences,
exhibitions, summits and institutional engagements in
India and abroad. A key highlight during FY 2025-26 was
PLL unveiling a theme-based pavilion titled "Powering
India's Future: LNG, Synergy and Sustainability" focussing

on LNG infrastructure & growth, synergy & diversification,
sustainability & decarbonisation and innovation &
technology at India Energy Week (IEW) 2026, one of the
country's most prominent energy sector events held in Goa in
January 2026.

The stall was accompanied by a dedicated LNG ecosystem
pavilion that garnered attention. This year PLL had also set
up a stall in the pavilion which received an overwhelming
footfall. The event facilitated the signing of three MOUs and
received significant media coverage. Further enhancing
the Company's visibility during the event, the television
interview of MD & CEO, Shri Akshay Kumar Singh, received
extensive coverage across prominent media platforms
including ET EnergyWorld, ABP News, Dailyhunt, and
Zee Business, further amplifying the Company's strategic
messaging and garnering widespread stakeholder
attention during the event.

On the International front, PLL also participated in
globally recognised platforms including Gastech 2025 in
Milan, leadership sessions focused on global LNG supply-
demand dynamics, ADIPEC 2025 (Abu Dhabi), the Nuvama
India Conference 2025 in Singapore, CGD Conference-
cum-Exhibition 2025 and other industry forums centred
around energy transition, LNG sourcing, infrastructure
development and global market trends.

Corporate Brand Positioning & Thought
Leadership

During FY 2025-26, PLL continued to undertake focused
branding and communication initiatives aimed at
strengthening corporate visibility and reinforcing brand
recall among key stakeholders. The Company strategically
leveraged advertisements and corporate communication
campaigns across leading business magazines, journals,
financial publications, industry platforms and sector-
specific media outlets. In addition to corporate branding
initiatives, the Company also ensured wide publication
of its financial results in prominent national and regional
newspapers in line with regulatory requirements and
stakeholder outreach objectives.

The Annual Report for 2024-25 titled as "Navigating New
Horizons, Expanding Energy Frontiers" was meticulously
conceptualised and produced, receiving positive response
from the stakeholders.

The Company actively leveraged its official social media
platforms, including X (formerly Twitter), Facebook,
Instagram, LinkedIn and Youtube to disseminate
timely updates, highlight strategic developments
and enhance engagement with stakeholders across
geographies and also undertook focused branding
and communication initiatives in relation to the
conduct of its Annual General Meeting (AGM) through
online mode.

The Company also undertook a series of thematic campaigns
and awareness initiatives notably like Swachhata Pakhwada,
which highlighted the Company's commitment towards
cleanliness, environmental responsibility, workplace
awareness and public participation.

Branding through employee engagement
initiatives

PLL continued to strengthen employee engagement and
internal organisational connect through various initiatives
aimed at fostering a collaborative, inclusive and people-centric
work culture. As part of its employee recognition initiatives,
the Company organised the Long Service Awards ceremony
to felicitate employees who completed 15 and 20 years of
dedicated service with PLL. The Company also organised a
Winter Carnival during the year-end, providing employees an
opportunity to come together in an atmosphere of interaction,
engagement and celebration.

In line with its sustainability and awareness initiatives,
PLL additionally undertook internal campaigns and
engagement activities during occasions such as World
Environment Day, promoting environmental consciousness,
responsible practices and employee participation towards
sustainability-driven initiatives. Further, messages and
communications from the Desk of MD & CEO were regularly
shared with employees on significant occasions including
New Year, Foundation Day, International Women's Day and
Diwali. These communications played an important role in
strengthening leadership connect, fostering organisational
unity and reinforcing the Company's shared vision and
values across employees.

Media Relations & Corporate Communications

During FY 2025-26, PLL continued to maintain proactive
and constructive engagement with national, regional,
financial, trade and digital media platforms. The Company

received visibility across leading newspapers, business
publications, digital media platforms, television channels,
trade journals and energy-focused media outlets.

To ensure timely dissemination of information among
stakeholders, the Company regularly uploaded press
releases, media updates, corporate announcements, event
highlights, and strategic developments on its official

website, www.petronetlng.in. Following the announcement
of financial results, the Company participated in televised
interviews and discussions with CNBC TV18, enabling
broader dissemination of the Company's strategic direction,
business outlook and growth plans among investors,
analysts, industry stakeholders and the wider business
community.

Your Company remained deeply committed to maintaining
transparent, proactive and meaningful engagement with
the investors and analysts during the year. Through a
series of flagship initiatives, the Company strengthened
its connect with the domestic and global investing
community, reinforcing confidence in its long-term
business strategy and capital allocation framework. The
Company received top recognition in the prestigious Extel
Survey 2026 securing Rank 1 in Asia (Ex Japan/ANZ) for Oil
& Gas Industry and across all industries in India.

• Samvaayah - Maiden Investor Engagement

Your Company organised its maiden flagship investor
event 'Samvaayah, an Investors and Analysts Meet,
from 14^th to 16^th November 2025 at Bharuch, Gujarat,

alongside an exclusive visit to the Dahej LNG Terminal,
India's first and largest LNG receiving and regasification
facility. Organised by UBS Securities India Pvt. Ltd.
exclusively for your company, the three-day event
brought together more than 50 leading Buy Side and
Sell Side professionals. The event provided opportunity
for discussion with the Company's senior leadership
on PLL's operational strengths, strategic direction and
long-term growth plans.

The event fostered a deeper understanding of the
Company's role in India's clean energy ecosystem and
its commitment to expanding LNG accessibility and
operational excellence. In a meaningful collaborative
gesture, your Company also conducted a tree
plantation drive at the Dahej LNG Terminal, making
'Samvaayah' a carbon-neutral event.

Your Company organised its Investor and Analysts'
Meet in July 2025 in New Delhi, with participation from

more than 30 investors and analysts who engaged
directly with the management on the Company's
performance and strategic direction.

Industrial Relations

Your Company has a firm belief that Human Rights should be
basic constituents ofhuman behaviour which essentially drives
various policies and practices in a company. The Company,
therefore, does not discriminate between its employees and
other manpower engaged in its work centres when it comes

to facilities related to health, safety and other amenities.
Your Company ensured that all the statutory guidelines are
followed in their true spirit even for the manpower engaged
by various service providers. Consequently, your Company
always maintained congenial Industrial Relations environment
since inception and there are zero instances of disharmony at
any of Company's work locations.

Both Dahej and Kochi LNG Terminals have
proudly received 5 Star Rating in 2026 for 4^th
consecutive year

Recognised as the best Organisation to work by ET
Edge on 26^th June 2026

Recognised as the "Petrochemical Deal of the Year"
in the Deal Awards (South Asia) category at 'The
Asset Triple A Sustainable Infrastructure Awards
2026' held on 17^th June 2026 in Singapore

Kochi LNG Terminal has been conferred with the
prestigious TUSKER AWARD 2025 - GOLD in People-
Oriented Practices (HR) category on 6^th June 2026

Petronet LNG Limited's Kochi Terminal has been
recognized with two prestigious honours at the
KMA Excellence Awards 2026, held on 22^nd May
2026 at the Gokulam Convention Centre, Kochi

Won Legal Team of the Year - Energy Service at the
Bespoke Global Legal Summit 2026 on 13^th May 2026

Awarded with Best Digital Finance Team of the year
award by Gain Skill 12^th NextGen CFO Awards 2026
at Mumbai on 13^th May 2026

"WINNER" title for "Best-in-Class Global Scale
Critical LNG Landing and Storage Infrastructure
Public Sector Enterprise of India" upon Petronet
LNG Limited at the 7^th IPSE (India Public Sector
Enterprises) Awards 2026 on 30^th April 2026

Dahej LNG Terminal has been recognised with the
Best Skill Development Project Award for its flagship
Kaushal Setu Skill Development Program at the
prestigious 16^th Edition Corporate Social Responsibility
Summit & Awards 2026 on 8^th April 2026

Awarded with Happiest Workplace 2025-26 by
Happy Plus in association with ET HR World in
April 2026

Recognised by BW Businessworld as Top Most
Sustainable Company in the Oil & Gas sector, the
company reinforces its commitment to driving
responsible and future-ready business practices on
24^th March 2026

Kochi LNG Terminal is honoured with the Factories
and Boilers Safety Award 2025 at the Kerala State
Industrial Safety Award 2025 under Category
II (Large Factories with 251-500 workers), Sub¬
category I (Chemical, Petroleum, Petrochemical,
Engineering, Automobiles Repairing & Servicing)
on 4^th March 2026

Kochi LNG Terminal has been awarded with
12^th PSU Award under the categories of HR Tech
Implementation and Excellence in Learning &
Development in March 2026

One Governance Now HR Innovation Awards under
the category Best HR Initiatives for the Employees
in March 2026

Recognized as one of the Most Trusted Brands of
India at the 6^th Edition of Marksmen Daily for the
Year 2026-2027 in March 2026

Dahej LNG Terminal has been recognized as the
"Digital Transformation Team" by the esteemed UBS
Forum at the 17^th Edition Procurement Excellence
Summit & Awards 2026 on 27^th February 2026

Mr. Saurav Mitra, Director (Finance) & CFO has
been conferred with the "CFO of the Year Award"
at The Business Leader of the Year Awards on
16^th February 2026, a prestigious recognition
celebrating excellence in financial leadership and
strategic stewardship

Recognized at the 4^th GEO Excellence Awards
in the CSR Category (Large Organization) in
February 2026

Declared as winner in the 'Diversified Terminal
Operator of the Year' category at the IGX Awards
2026 recognising its operational excellence and
critical role in strengthening LNG infrastructure
and ensuring reliable gas availability on
7^th January 2026

Dahej LNG Terminal received "Excellence in Physical
Threat Detection" Security Award at the 08^th edition
of IFSEC India Awards on 11^th December 2025

Honoured with the prestigious "Best Digital
Procurement Transformation" Award at the
India Procurement Summit 2025, held on
4^th December 2025

Recognized among the Top 10 Companies for
Supply Chain Excellence in the Oil & Gas sector in
India at Chem Energy in December 2025

Dahej LNG Terminal has been awarded with Silver
Trophy at the prestigious "Shreshtha Suraksha
Puraskar" under the Group A1 - Manufacturing
Sector by the National Safety Council of India
(NSCI) at the NSCI Safety Awards 2025 held on 27^th
November 2025

Recognised with the prestigious "Great Indian
Finance Team of the Year: Excellence in Financial
Reporting" award at the Great Indian CFO Leaders
Summit & Awards 2025 on 21^st November 2025

Honoured with the 'Excellence in Digital
Transformation' for implementation of SAP ARIBA
by SAP during its event held on 6^th November 2025

Kochi LNG Terminal has received the "PSU's
Implementing ESG" Award at the 3^rd Prithvi Awards
2025 held in New Delhi on 13^th October 2025

Dahej LNG Terminal has received HR Tech &
Innovation Award 2024-25 under "Employee
Wellness category", by the prestigious HR
Association of India (HRAI) on 11^th October 2025

Kochi LNG Terminal has Received the Second Prize
in the "Kerala State Pollution Control Awards -
2025" under the Very Large Scale Industry category
by the KSPCB on 27^th September 2025

Received the prestigious Energy Company Award
(Oil & Gas) Large Cap category at the ET Energy
Leadership Summit & Awards 2025 held on 25^th
September 2025

Dahej LNG Terminal received the prestigious "Plant
Head of the Year (Large Sector)" Award at the 13^th
Annual Manufacturing Today Conference & Awards
2025 in September 2025

Kochi LNG Terminal has been awarded with the
"Excellence in Employee Well-being Award" by The
Financial Express on 24^th July 2025

The organisation has been recognised as Brand of
the Year 2025-2026 by Daily Marksmen celebrating
the position as a Paragon of Branding Excellence on
July 2025

Your Company received stellar recognition
in the prestigious Extel Survey 2026 (Asia Ex-
Japan/ANZ) Oil & Gas Sector in May 2026.
Notably, the ranking is determined through
global voting by both Buy-side and Sell-Side
entities.

Your Company secured 1^st rank as Most
Honoured Company across all four categories,
reflecting the broadest and deepest investor
recognition among all companies surveyed
in the Oil & Gas sector, in Asia (Ex Japan/ANZ)
and across all sectors in India.

Shri Akshay Kumar Singh was voted as best
CEO in Core Asia (Overall), Small & Midcap and
Core Asia (ex-Mainland China) categories and
Shri Saurav Mitra was voted as best CFO in
Core Asia (Overall), Small & Midcap, Core Asia
(ex-Mainland China) and India (All Sectors).

Your Company achieved Rank 1 in Best IR
Professional, Best IR Program and Best IRTeam
across all four categories — Core Asia (Overall),
Small & Midcap, Core Asia (ex-Mainland China),
and India (All Sectors).

These rankings have been achieved by an
Indian Oil and Gas company for the first time
ever and the achievement underscores the
Company's consistent excellence in leadership,
investor engagement across Asian and Indian
capital markets.

Award in Excellence in Financial
reporting and Digital Initiatives

During the year, your Company was honoured with
the Award for Excellence in Financial Reporting by
Transformance Forum, at the 16^th Future of Finance Summit
2025. The award is a recognition of the commitment and
dedication of the finance team in achieving the highest
standards of financial reporting.

Your Company was further distinguished with the
Digital Finance Initiative of the Year Award at the Finance

Transformation & Analytics Summit 2025, acknowledging
its sustained commitment to digital transformation in
financial operations.

Petrochemical Deal of the Year

Your Company's Rs 12,000 Crore Rupee Term Loan (RTL)
financing for its integrated Petrochemical Project at Dahej
was recognised as the "Petrochemical Deal of the Year"
by The Asset Triple A under the Deal Award (South Asia)
category, acknowledging it as one of India's largest debt
financing transactions in the petrochemical sector.

-fEEtll] iliWil »1 iMm-

7 Achieved 41^st rank (as per net revenue) in Business Standard BS 1000 for the year 2025 in
March 2026

^ Ranked 55^th position (as per net revenue) in Financial Express FE 1000 for the year 2025

^ Secured 56^th position in the Fortune India 500 rankings for the year 2025

7 Ranked 13^th among India's Most Sustainable Companies in the Business World Sustainability
Rankings for the year 2025

^ Ranked 47^th amongst India's Top Non Financial Companies by BW500 for the year 2025

7 Achieved 79^th rank (based on Profit After Tax) in the Business Today BT 500 rankings for the
year 2025

^ Secured 63^rd position in the Economic Times ET 500 rankings for the year 2025

Corporate Social Responsibility (CSR)

At your Company, Corporate Social Responsibility (CSR) is
fundamentally embedded within the organizational ethos.
The Company upholds the conviction that an enterprise's
enduring success is measured not solely by its financial
performance but significantly by its contributions to
societal welfare and community development.

CSR framework is meticulously structured to encompass
short-term, medium-term, and long-term initiatives,
thereby ensuring a strategic and coherent allocation of
resources to optimize socio-economic impact.

The Company's CSR endeavours are concentrated in the
following sectors:

The annual CSR budget is allocated in a phased and
sustainable manner, reflecting our steadfast commitment
to the upliftment of marginalized communities and the
advancement of inclusive societal progress. Through these
sustained efforts, your Company reaffirms its dedication to
fostering holistic development and generating long-term
value for society.

In terms of provisions of Companies Act 2013, an amount
of Rs. 95.13 Crore was required to be committed on
CSR activities in Financial Year (FY) 2025-26. With the
continued efforts, the year marked a significant milestone
in Company's CSR journey, with the Company achieving,
for the first time since inception, its full CSR obligation of
Rs. 95.13 Crore (including the administrative expenses
& impact assessment). Your Company has committed
towards several high impact CSR projects/programmes in
line with the annual action plan adhering to the Schedule

VII of Companies Act 2013 in the FY 2025-26. An amount of
Rs. 22.20 Crore has been released against the commitment
(including the administrative expenses) and an amount of
Rs. 72.94 Crore has been transferred to unspent CSR account
within 30 days from the end of the FY 2025-26, against the
ongoing projects. In totality, an amount of Rs. 89.40 Crore
was released during the financial year (including Rs. 22.20
Crore) towards current projects, ongoing multiyear projects
of the preceding three financial years from Unspent CSR
Accounts and contribution to the Schedule VII Funds (Clean
Ganga Fund) in the FY 2025-26.

Your company has also established Petronet LNG
Foundation (PLF) a Company Limited by Guarantee on
31^st March 2017. PLF acts as the CSR arm of your Company,
operating in accordance with the provisions of Section 8 of
the Companies Act, 2013, and the rules made thereunder.
The foundation has successfully undertaken various

impactful projects across the nation. Further, setting up a
2 TPD cattle dung based Compressed Biogas (CBG) Plant
at Mahaveer Hanuman Goshala Sansthan, Village Golasan,
Tehsil Sanchore, District Jalore, Rajasthan, at an estimated
cost of Rs. 24.88 Crore (inclusive of applicable GST) from
the CSR obligation of your Company for FY 2025-26 is being
implemented through Petronet LNG Foundation (PLF).

While targeting CSR obligations, all the projects are
carefully selected giving utmost importance to quality of
spending, wider reach and sustainability aspect, most of
the projects have been outstanding in their overall impact
and reach. Some of the major impactful CSR projects taken
up in various sectors in FY 2025-26 are highlighted below:

•    By employing mobile health vans, basic medical
treatment was delivered to underprivileged people
at their doorsteps in seven places across four states.
Modernization of the medical facilities at Safdarjung
Hospital and Lady Hardinge Medical College Hospitals
to give the underprivileged access to essential medical
care at affordable cost.

•    Your Company has continued to train young people in
rural and urban areas to improve their skills and find
work through its flagship Skill Development Initiative
in partnership with Central Institute of Petrochemicals

Engineering and Technology (CIPET).

Your Company has given rural students specialized
coaching so they can pursue higher education in
engineering and medicine at prestigious universities
around the Nation, allowing them to compete with
their urban counterparts.

As part of its efforts to promote environmental
sustainability, your Company provided aid for the
establishment of a Compressed Bio-Gas Plant based on
animal feedstock in Rajasthan, which will generate 2
TPD CBG and contribute to renewable energy sources.

Supporting the preservation of art and culture is still
one of your Company's primary CSR initiatives; this
year, help was extended to Ram Mandir in Ayodhya
and Vipasana Park in Siddharth Nagar.

Support was provided in various means for the
welfare and advancement of people with disabilities
throughout the nation in order to maintain inclusivity
in CSR initiatives. Further contributed towards
advancement of R&D in clean energy; and periodic
contributions to Clean Ganga Fund and PM CARES.

Under the Guidance of MoP&NG; 'Swachhata
Pakhwada' was observed across all locations.

The sector wise CSR commitment details of FY 2025-26 with its description are given below:

1. Education and Skill Development

With a dedicated focus on the holistic development
of children and young people from less-privileged
backgrounds, your Company has implemented a
comprehensive range of CSR initiatives in the education
sector. These initiatives are designed to enhance access
to quality education and promote job-oriented skill
development programs, thereby empowering youth
to build sustainable futures.

Understanding that an education institution's
infrastructure plays a vital role in academic
performance, cognitive development and the overall
well-being of students, your Company continues
to invest substantially in upgrading the physical
facilities of schools and educational centres. Modern,
well-maintained infrastructure not only creates a
conducive learning environment but also boosts
student morale and engagement. To this effect,
your Company has prioritized the refurbishment of
classrooms with ergonomic seating arrangements
that support correct posture, reducing physical
strain and improving concentration. Additionally,
classrooms are being transformed into dynamic,
interactive spaces that encourage collaboration
and active learning. This focus on infrastructure
improvement is particularly targeted at schools that
serve children from economically disadvantaged
communities, ensuring they have access to the
same quality of learning environment as their more
privileged counterparts.

In parallel with infrastructure enhancements, your
Company has expanded its skill development
initiatives aimed at equipping youth with
practical, employable skills. In partnership with
the Central Institute of Petrochemicals Engineering
& Technology (CIPET), training programs were
conducted at seven locations this year, successfully
training over 650 young individuals in specialized
technical skills such as Plastic Processing Machine
Operation and Injection Moulding Machine
Operation. These programs are designed not only to
enhance technical competencies but also to increase
the employability of youth in industries relevant to
the region's economic landscape.

Further advancing its commitment to education, the
company has intensified efforts to promote STEM
(Science, Technology, Engineering and Mathematics)
education among students from rural and less-
privileged backgrounds. Recognizing the challenges
faced by these students in accessing quality coaching
for competitive examinations, the company provides
focused training to prepare them for admission tests
like the Joint Entrance Examination (JEE) and the
National Eligibility cum Entrance Test (NEET). This
year, 200 meritorious students from eight different
states benefited from this initiative. Beyond academic
coaching, the program also includes life skills training to
help students develop critical thinking, communication
and time management skills-competencies that are
essential for academic success and personal growth.

Collectively, these education and skill development
initiatives reflect your Company's commitment
to fostering inclusive growth by addressing both
infrastructural and educational barriers faced by
underprivileged youth. By investing in quality
learning environment, practical skill training and
comprehensive exam preparation, your Company
is empowering young individuals to pursue higher
education and secure meaningful employment
opportunities, thereby contributing to the sustainable
development of communities across the country.

2. Healthcare & Sanitation

Your Company's healthcare initiatives focused on
delivering quality basic medical care directly to rural
populations in their villages. To this end, several
projects were planned and executed across the
country. Key initiatives included 'Healthcare on Wheels'
and 'Doctor at Doorstep, which provided year-round
medical care through mobile teams comprising a
doctor, paramedic, pharmacist and social worker.
These teams regularly visited targeted villages offering
free diagnosis, treatment and prescribed medicines.
Complementing these efforts, health camps were
organized to raise awareness about eye care, provide
support for cataract surgeries and distribute spectacles
at no cost. Specialized programs were implemented
to address the healthcare needs of differently abled
individuals.

Efforts to improve sanitation continued with the
installation of sanitary napkin vending machines and
incinerators in government schools. This year, targeted
awareness programs on menstrual health and safe
sanitary napkin disposal were conducted for girl
students, resulting in a significant reduction in dropout
rates linked to the absence of hygiene facilities.

In line with the commitment to upgrade government
medical infrastructure, contributions were made to
super speciality hospitals serving large populations
reliant on public healthcare. Notable contributions
included an OPTOS-NIKON Ultrawide Field
Ophthalmoscope to Vardhman Mahavir Medical
College & Safdarjung Hospital, New Delhi and
10 advanced monitors with central stations and
networking equipment to Lady Hardinge Medical
College, New Delhi. The company also sustained its
support by providing nutritional kits for tuberculosis
patients and malnourished children.

Further, as part of the Swachh Bharat Abhiyan
campaign, sanitary complexes were constructed and
maintained at five locations across four states. With
an objective to keep the surroundings clean and
green, under the Guidance of MoP&NG; 'Swachhata
Pakhwada' was observed across all locations, to
promote cleanliness and tree plantations.

3.    Promotion of Art and Culture

Your Company reaffirmed its commitment to
preserving India's rich cultural heritage and fostering
artistic expression by supporting a diverse array of
cultural initiatives throughout the year. A key highlight
was the establishment of light and sound show
facilities at historical site, enhancing the experience for
visitors and promoting greater appreciation of India's
cultural landmarks.

In addition, your Company continued its efforts
to nurture artistic talents among young adults by
conducting training programs across four locations.
These programs focused on traditional art forms,
including painting, vocal music and Kathak dance.
This initiative successfully engaged over 2,000
rural children, encouraging them to explore art as
a meaningful leisure activity and diverting their
attention from excessive mobile screen usage.

Through these endeavours, your Company is actively
contributing to the preservation and promotion of
India's artistic heritage while fostering creativity and
cultural engagement among the younger generation.

4.    Environmental Sustainability and
Disaster Relief

The primary responsibility of your Company's
Environment Stewardship extends beyond the
prudent use of natural resources to encompass a range
of Corporate Social Responsibility (CSR) initiatives.
These initiatives are dedicated to the protection of
the natural environment through the support of
projects aimed at the renovation and restoration of
water bodies. Additionally, the stewardship program
addresses climate change mitigation by assisting
rural communities in transitioning from fossil fuels to
sustainable biofuels.

With an objective to align with India's Viksit Bharat
2047 vision, your Company has already initiated CBG
Project at Golasan, Rajasthan. Extended support for
NIT, Suratkal towards Renewable Hydrogen Research,
Hydrogen fuel cell and electrolysis technology
development and Development of hydrogen fuel cell
stacks for high-performance aerial vehicles.

Further    supported

UICET, Panjab University
for a Project focused
on the utilization of
agricultural stubble for
the development of cost-
effective durable polymetric
composite panels as
an    environmentally

sustainable alternative material.

5.    Rural Infrastructure Development

Your Company has consistently played a pivotal role
in supporting communities across the country. As
part of its rural development and hunger eradication
initiatives, food and groceries were distributed
to individuals and families in need. In addition,
community development projects were undertaken in
villages surrounding the Company's operational units
to improve local living conditions.

Under its Rural Development program, your Company
focused on enhancing village infrastructure by
ensuring access to potable drinking water throughout
the year. This was achieved through the installation of
Reverse Osmosis (RO) facilities, repair of existing water
sources and construction of water storage tanks in
nearby villages. To promote sustainable development
and improve quality of life, your Company also
installed 1,100 streetlights powered by renewable
energy sources in rural villages. This initiative has
enabled villagers to commute safely and conveniently
after dark, thereby fostering safer and more connected
communities.

6.    Gender Equality & Women
Empowerment

With a dedicated and sustained focus on the
empowerment of women, your Company has actively
worked to foster financial independence by enabling
supplementary income generation opportunities. This
year, your Company successfully trained a significant
number of women across a broad spectrum of
employment and job-oriented training programs.

These programs encompassed skill development in
traditional and contemporary crafts such as handloom

weaving and tailoring, as
well as beauty and fashion-
related services including
beautician training and
fashion designing. The
objective of these initiatives
is to equip women with
diverse, marketable skills
that enhance their ability

Teaching-Learning
Materials (TLM) kits to
support educational
needs, hearing aids
to assist those with
auditory impairments,
wheelchairs and other
essential mobility aids.

commitment to fostering inclusivity and empowering
individuals with disabilities by facilitating greater
independence and participation in daily activities.

8. Other Projects

Your Company also demonstrated its focus on
nurturing young talent and building future leadership
through the implementation of the Prime Minister's
Internship Scheme (PMIS) within the organization,
offering structured learning and development
opportunities to young professionals. Various other
short-term CSR projects have also been undertaken
in nearby areas of the existing terminals at Dahej and
Kochi, for the benefit of the immediate stakeholders.

Awards and Accolades for CSR initiatives
in FY 2025-26

Your company's CSR efforts have been widely recognized
and conferred with several National level awards and
accolades, for its outstanding contribution to Nation
building, reaffirming PLL's dedication to responsible growth
as mentioned below:

The Corporate Social Responsibility policy of the company
is available at the company website on the following
web-link:    https://www.petronetlng.in/documents/d/

pertonetlng/csr_policy_27042015

Annual Report on CSR activities for the FY 2025-26 forms
part of this report and is attached as Annexure-I.

Board Diversity

Your Company recognizes and embraces the importance of
a diverse board in its success. It believes that a truly diverse
board will leverage differences in thought, perspective,
knowledge, skill, regional and industry experience, cultural
and geographic backgrounds, age, ethnicity, race and
gender that will help the Company retain its competitive
advantage. The Board Diversity Policy adopted by the
Board sets out to approach diversity. The policy is available
at the website of the Company at https://www.petronetlng.
in/corporate-governance

Annual Evaluation of the Board

The Board regularly (on yearly basis) evaluates its own
performance as well as that of its committees and
individual Directors, including Chairman of the Board
through a formal structured mechanism. The evaluation
is conducted based on a structured evaluation process
considering various aspects of the Board's functioning
such as composition of Board and Committees, experience
and competencies, performance of specific duties and
obligations, contribution at the meetings and otherwise,
independent judgment, governance issues etc. The
said evaluation process has also been completed for the
financial year 2025-26.

Compliances with respect to
Independent Directors

Pursuant to Section on 149(7) of the Companies Act, 2013
and Regulation 25 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, declaration(s)
by all the Independent Director(s) have been obtained
stating that they meet the criteria of independence as
provided in Section 149(6) of the Companies Act, 2013 and
Regulation 16(1) (b) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

The Independent Directors appointed by the Board are
renowned experts in their respective fields which the
company considers as a requirement in the context of
its business for effective functioning in various domains
such as Leadership, Technology & Operational experience,
strategic planning, Financial, Regulatory, Legal and

Risk Management, Industry experience, Research &
Development and Global business. Further, all the
Independent Directors comply with the provisions of
Section 150 of the Companies Act, 2013 read with the
Companies (Appointment and Qualifications of Directors)
Rules, 2014.

Familiarization Programme and
Training of Independent Directors

All new Independent Directors inducted to the Board attend
an orientation program. Your Company has a well-defined
training program for imparting training to the members of
the Board that, inter-alia, includes various familiarization
programs in respect of their roles, rights, responsibilities in
the Company, nature of the industry in which the Company
operates, business model of the Company etc. Further, the
same is also augmented through various strategy meets
of the Company and different presentations in the Board/
Committee meetings. The details of such familiarization
programs have also been posted on the website of the
Company at https:// www.petronetlng.in/disclosures-
under-regulation-46-of-the-lodr

Further, at the time of the appointment of Independent
Director, the Company issues a formal letter of appointment
outlining his/her roles, responsibilities, functions, duties,
remuneration and other terms and conditions. The format
of the letter of appointment is available on the website of
the Company.

Separate Meeting of Independent
Directors

As per statutory requirements, your Company arranges
separate meetings of Independent Directors every year
and detailed disclosure in this regard has been included in
the Corporate Governance Report which is annexed to this
Report.

Number of Meetings of the Board of
Directors

During the year, seven Board Meetings were held, the
details of which are given in the Corporate Governance
Report annexed to this Report, forming part of the Annual
Report. The intervening gaps between the meetings were
within the timelines prescribed under the Companies Act,
2013 and also as per the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015. For further
details regarding number of meetings of the Board and its
committees, please refer Corporate Governance Report,
annexed to this Report.

Directors and Key Managerial personnel
(KMP)

Inductions and Cessation

The following Directors were inducted on the Board/ceased
to be Directors on the Board of the Company:

1.    Shri Pankaj Jain (DIN: 00675922) ceased to be Chairman
of the Company w.e.f. 01.01.2026 consequent upon
retirement from Ministry of Petroleum and Natural Gas
on attaining the age of superannuation.

2.    Dr. Neeraj Mittal (DIN: 05216366), Secretary, Ministry
of Petroleum and Natural Gas was appointed as
Additional Director in the capacity of Chairman of the
Company w.e.f. 16.01.2026 pursuant to the provisions
of the Articles of Association of the Company. His
appointment was regularized by the Members of the
Company by way of postal ballot on 04.04.2026.

3.    Shri Vinod Kumar Mishra (DIN: 08125144) ceased to
be Director (Finance) & CFO of the Company w.e.f.
18.04.2025 consequent upon completion of his tenure.

4.    Shri Saurav Mitra (DIN: 07684414) was appointed as
Additional Director in the capacity of Director (Finance)
& CFO of the Company w.e.f. 22.04.2025 for a period
of five years. His appointment was regularized by the
Members of the Company by way of postal ballot on

28.06.2025.

5.    Shri G. Krishnakumar (DIN: 09375274) ceased to be
Nominee Director, BPCL w.e.f. 01.05.2025 consequent
upon his retirement on attaining the age of
superannuation from BPCL on 30.04.2025.

6.    Shri Sanjay Khanna (DIN: 09485131), Director
(Refineries) with additional charge of Chairman &
Managing Director, BPCL was appointed as Additional
Director in the capacity of Nominee Director, BPCL
w.e.f. 19.05.2025. His appointment was regularized by
the Members of the Company by way of postal ballot
on 28.06.2025.

7.    The tenure of Shri Akshay Kumar Singh (DIN:
03579974), Managing Director & CEO was extended by
the Board for the period 01.02.2026 to 12.05.2027 as a
one-off final extension, in the Board Meeting held on

07.11.2025.    The Members of the Company approved
the extension of his tenure by way of postal ballot on

10.01.2026.

8.    The tenure of Shri Pramod Narang (DIN: 07792813),
Director (Technical) was extended by the Board for
the period 26.11.2025 to 25.11.2027 as a one-off final
extension, in the Board Meeting held on 07.11.2025.
The Members of the Company approved the extension
of his tenure by way of postal ballot on 10.01.2026.

9.    Shri Muker Jeet Sharma (DIN: 07599788) ceased to be
Independent Director of the Company w.e.f. 24.11.2025
consequent upon completion of his tenure.

10.    Shri Milind Torawane (DIN: 03632394) ceased to
be Nominee Director, GMB/ GoG w.e.f. 24.12.2025
consequent upon withdrawal of nomination from
GMB/ GoG.

11.    Ms. Avantika Singh Aulakh (DIN: 07549438), Managing
Director, Gujarat State Petroleum Corporation Limited
was appointed as Additional Director in the capacity
of Nominee Director, GMB/ GoG w.e.f. 16.01.2026. Her
appointment was regularized by the Members of the
Company by way of postal ballot on 04.04.2026.

12.    Shri Sandeep Kumar Gupta (DIN: 07570165) ceased
to be Nominee Director, GAIL w.e.f. 01.03.2026
consequent upon his retirement on attaining the age
of superannuation from GAIL on 28.02.2026.

13.    Shri Deepak Gupta (DIN: 09503339), Chairman &
Managing Director, GAIL was appointed as Additional
Director in the capacity of Nominee Director, GAIL
w.e.f. 18.03.2026. His appointment was regularized by
the Members of the Company by way of postal ballot
on 06.06.2026.

The Board placed on record its sincere appreciation for

valuable services rendered and contribution made by Shri

Pankaj Jain, Chairman, Shri Vinod Kumar Mishra, Director

(Finance) & CFO, Shri G. Krishnakumar, Nominee Director,

BPCL, Shri Muker Jeet Sharma, Independent Director, Shri

Milind Torawane, Nominee Director, GMB/ GoG and Shri

Sandeep Kumar Gupta, Nominee Director, GAIL - during
their association with the Company.

Reappointment

In accordance with the Articles of Association of the
Company and as per statutory requirements, Shri Arun
Kumar Singh, Nominee Director, ONGC and Shri Arvinder
Singh Sahney, Nominee Director, IOCL, would retire by
rotation at the ensuing Annual General Meeting and being
eligible offers themselves for reappointment.

Brief resume of directors seeking reappointment together
with the nature of their expertise in specific functional
areas, disclosure of relationship between director inter¬
se, name of companies in which they hold membership/
chairmanship of committees of the Board along with their
shareholding in your Company etc. as stipulated under SEBI
(LODR) Regulations, 2015 and other statutory provisions
are given in the annexure to the Notice of 28^th Annual
General Meeting.

Key Managerial Personnel

Pursuant to Section 203 of Companies Act, 2013, the Key
Managerial Personnel of the Company as on 31^st March
2026 were:

1.    Shri Akshay Kumar Singh, Managing Director & CEO

2.    Shri Pramod Narang, Director (Technical)

3.    Shri Saurav Mitra, Director (Finance) & CFO

4.    Shri Rajan Kapur, Company Secretary

Significant and material orders passed
by regulators or courts

Writ Petition No. 8891 / 2025 was filed by your Company
before Hon'ble Delhi High Court challenging the vires
of LNG Terminal Registration Regulations, 2025 notified
by PNGRB. Hon'ble Delhi High Court vide Order dated
03.7.2025 has been pleased to issue ad interim injunction
in favour of your Company which continues as on the date
of furnishing this information.

Management Discussion and Analysis

The Annual Report contains a separate section on
Management Discussion and Analysis which is annexed

with the Directors'Report. The disclosure attached herewith
as Annexure V forms part of the Directors' Report.

Corporate Governance

Your Company is committed to good Corporate Governance
and lays strong emphasis on transparency, accountability
and integrity. As required under the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the
Report on Corporate Governance, together with Auditors'
Certificate regarding compliance of conditions of corporate
governance for the financial year 2025-26, is annexed to this
report along with Management's reply on the Independent
Auditors' Report on the Corporate Governance Report
for the FY 2025-26. The disclosure attached herewith as
Annexure VI forms part of the Directors' Report.

Compliance with Secretarial Standards

The Company has devised proper systems to ensure
compliance with the provisions of all applicable Secretarial
Standards issued by the Institute of Company Secretaries
of India and that such systems are adequate and operating
effectively.

Risk Management

Your company continues to embed risk management
into the core of strategic and operational planning. In
the continuously transforming business landscape, your
Company is committed to manage uncertainties and
associated business risks through development and
implementation of a well-defined Risk Management
Framework driven by Risk Management Policy. To
safeguard the interest of stakeholders, your Company is
putting all efforts to proactively identify, assess, mitigate
and periodically evaluate risks to ensure the long-term
sustainability, resilience and success of the organization.
Your Company's Enterprise Risk Management (ERM)
framework is structured to identify both internal and
external risks, assess their potential impact and likelihood
and define mitigation strategies with clear accountability at
every level and functions. The risk management approach
is holistic, covering strategic, operational, financial,
compliance, environmental and reputational dimensions.
Each identified risk is measured using a standardized
risk scoring mechanism and its treatment is monitored
regularly through defined controls and action plans.

Strengthening of Risk Management Practices

During FY 2025-26, to strengthen Enterprise Risk
Management across the organization, your Company
has implemented revised risk management and business
continuity policy along with its compliance in accordance
with SEBI (LODR) Regulations, 2015 and industry best
practices. The revised policy provides significant structural,
procedural and operational enhancements along with
increased layers of reviews of the risks which is helping to
ensure robustness of the risk monitoring. The Enterprise
Risk Register continually updated considering emerging
geopolitical, regulatory and operational challenges, to
align the same with the current risk environment. Further,
your Company is phenomenal in establishing a Risk Culture
across the organization by introducing periodic review of
risk within the respective function.

Your Company is deploying a risk monitoring tool to make
the risk management more streamlined, receive faster
response and enhance its effectiveness. Post deployment
of this tool, process of review of risk register will be faster
along-with availability of historical modifications.

Petronet's Net Zero roadmap

Your Company's management has formally approved a
Net Zero target by the year 2040. In alignment with the
company's Decarbonization Roadmap, the organization
is currently on track to meet its interim and long-term
sustainability objectives.

A key milestone outlined in the roadmap for the gradual
replacement of grid power with renewable energy (Solar/
Wind etc) and the company is progressing well towards this
goal, supported by the following initiatives:

•    In-house RE Installation - Your Company has
commissioned an approximately 2 MW renewable
solar energy project, demonstrating its commitment
to on-site clean energy generation.

•    Third-Party RE Power Purchase Agreement - A third-
party renewable energy contract of approximately 25
MW has been successfully executed, with the Dahej
facility already receiving renewable power under this
arrangement.

•    Planned for 30 MW hybrid group captive project for
Dahej terminal and 160 MW hybrid group captive for
its upcoming Petrochemical complex.

Business Responsibility&Sustainability
Report

The Business Responsibility and Sustainability Report
covering initiatives undertaken with respect to
environmental, social and governance perspective has
been prepared in accordance with the directives of SEBI and
forms a part of the Annual Report. The disclosure attached
herewith as Annexure VII forms part of the Directors'Report.

Through continuous monitoring and timely interventions,
your Company remains committed to maintaining a
robust risk management ecosystem that enables agility,
compliance, and value protection for all its stakeholders.

Reasonable assurance on BRSR Core indicators in BRSR
for the FY 2025-26 as provided by M/s V. Sankar Aiyar &
Co., Chartered Accountants is annexed with the Directors
Report and forms part of this Annual Report.

Green Initiatives

In line with its commitment to environmental stewardship
and a sustainable energy future, your Company is pursuing a
structured and aggressive strategy to progressively increase
the share of renewable energy (RE) within its overall energy
mix. While operational improvements continue to reduce
emissions from fuel combustion at the terminals, your
Company recognises that meaningful decarbonisation
must be underpinned by a parallel transition towards

cleaner sources of power, along with achieving Net
Zero Emission target of company. Several initiatives are
accordingly being pursued across its operating sites, with
both near-term and long-term horizons:

(a)    On-site Rooftop and Ground-mounted
Solar Capacity:

Your Company has already established a meaningful
base of captive solar generation within its terminal
premises.

1.    Dahej Terminal has commissioned a solar PV plant
of approximately 280 KWp, which contributes to
meeting a portion of the terminal's auxiliary power
requirements.

2.    The Kochi Terminal has commissioned a solar plant
of approximately 1,150 KWp. Building on this, a
further 2,650 KWp solar plant at Kochi Terminal is
currently in the implementation/tendering stage,
which will significantly enhance the terminal's
renewable footprint upon commissioning.

Further, installation work of a 1 MW rooftop solar
power plant at the ARHC buildings at Dahej is under
progress. This initiative is expected to reduce power
procurement cost of the building and significantly
reduce emissions.

(b)    Procurement of renewable power through
open-access mechanisms:

To accelerate the shift beyond on-site generation, your
Company, for its Dahej Terminal has started purchasing
about 25 MW renewable power under the Short-Term
Open Access (STOA) mechanism.

Under this arrangement, Dahej Terminal is expected
to replace approximately 30% of its grid power
consumption with renewable energy. This initiative
will lead to significant monetary savings as well as a
substantial reduction in carbon footprint, estimated
at around 50,000 tCO₂ equivalent per annum. It will
also contribute to reduce the Company's Scope -2
emissions by approximately 30%.

(c)    Group Captive Power Projects in line with
the Net Zero 2040 roadmap:

In keeping with your Company's stated commitment

to achieving Net Zero by 2040, a comprehensive
renewable energy roadmap has been prepared and is
being actively implemented. As part of this roadmap,
your Company has initiated steps for implementation
of two large-scale Group Captive Renewable Power
Projects:

1.    30 MW group captive renewable power project for
Dahej Terminal.

2.    160 MW group captive renewable power project
for the upcoming Petrochemical Complex,
ensuring that your Company's next major growth
vertical is anchored in clean energy right from
inception.

Details of Establishment of Vigil
Mechanism for Directors and Employees

A Board approved Vigil Mechanism in terms of provisions
of Section 177 of Companies Act, 2013 and Regulation 22
of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 for Directors and employees of the
Company is in place to report to the management, concerns
about unethical behaviour, actual or suspected fraud or
violation of the policy. The same has also been hosted on
the website of the Company. It is hereby affirmed that no
personnel have been denied access to the Audit Committee
in connection with the use of Vigil Mechanism. During the
year ended 31^st March 2026, no complaint was received
under Vigil Mechanism and thus no complaint is pending
as on 31^st March 2026.

Code of Conduct

Your Company has formulated a Code of Conduct for
Board Members and Senior Management Personnel. The
confirmation of compliance of the same is obtained from
all concerned on an annual basis. All Board Members
and Senior Management Personnel have given their
confirmation of compliance for the year under review. A
declaration duly signed by Managing Director & CEO is
given in the Report on Corporate Governance annexed to
this Report. The Code of Conduct for Board Members and
Senior Management Personnel is available on the website
of the Company.

Audit Committee

The recommendations made by the Audit Committee

during the year were accepted by the Board. The other
details of Audit Committee like composition, terms of
reference, meetings held are provided in the Corporate
Governance Report annexed to this Report.

Nomination and Remuneration
Committee

Your Company has a Nomination and Remuneration
Committee and detailed disclosure in this regard has
been given in the Corporate Governance Report which is
annexed to this Report.

Extra Ordinary General Meeting

During the year, no Extra Ordinary General Meeting was
held.

Particulars of Contracts or Arrange¬
ments with Related Parties

In line with the provisions of the Companies Act, 2013
and the SEBI (LODR) Regulations, 2015, your Company
has a comprehensive Policy on materiality of Related
Party Transactions and on dealing with Related Party
Transactions. The Policy is available on the website of the
Company.

The Company gives the disclosure regarding material
transactions with related parties on a quarterly basis along
with the compliance report on Corporate Governance.
As per requirements of Section 134 (3) of Companies Act,
2013 read with the Rule 8 of Companies (Accounts) Rules,
2014, particulars of contracts or arrangements with related
parties as referred in Section 188 (1) of the Companies Act,
2013 is annexed to this report. Further, suitable disclosures
as required by the Accounting Standards has been given
in the Notes to the Financial Statements. The disclosures
are attached herewith as Annexure II and forms part of the
Directors' Report.

Particulars of Loans, Guarantees or
Investments under section 186 of the
Companies Act, 2013

In compliance with the provisions of the Companies
Act, 2013, the details of investments made and loans/
guarantees provided as on 31^st March 2026 are given in the
respective Notes to the financial statements.

Insurance

The Company has taken Directors and Officers liabilities
insurance as well as appropriate insurance for all assets
against foreseeable perils.

Particulars of Employees Pursuant to
Section 197 of the Companies Act, 2013

Disclosures relating to remuneration and other details as
required under Secon 197(12) of the Act read with R u l e 5
(1) o f t h e C o m p a n i e s (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 are attached as
Annexure-III to this Report. In terms of the provisions of
Secon 197(12) of the Act read with Rules 5(2) and 5(3)of the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, a statement showing the names of
the top ten employees in terms of remuneration drawn
and names and other particulars of the employees drawing
remuneration in excess of the limits set out in the said rules,
forms part of this Report. Having regard to the provisions of
the second proviso to Secon 136(1) of the Act, the Annual
Report excluding the aforesaid information is being sent
to the members of the Company. Any member interested
in obtaining such information may address their email to
investors@petronetlng.in.

Web link of Annual Return

The web link of Annual Return for the FY 2025-26 is
available on the website of the Company at https:// www.
petronetlng.in/shareholders-information

Listing on Stock Exchanges

The Company's equity shares are listed on the BSE Limited
and National Stock Exchange of India Limited.

Transfer of amounts/securities to
investor education and protection fund

Pursuant to the provisions of Section 124 and 125 of the
Companies Act, 2013 and Rules made thereunder, the
Company has deposited the amount lying in Unpaid/
Unclaimed Dividend account for the FYs 2006-07 to 2017¬
18 to Investor Education and Protection Fund. Detail of
the same is available at website of the Company at the
following link https://www.petronetlng.in/unclaimed-
dividend-iepf-matters

Further, pursuant to the provisions of Section 124(6) of
Companies Act 2013, all the shares in respect of which
dividend has not been paid or claimed for seven consecutive
years or more were also transferred to IEPF Suspense
Account. Details of the same is available at website of the
Company at the following link - https:// www.petronetlng.
in/unclaimed dividend-iepf-matters

Other disclosures

•    During the FY 2025-26, Internal Complaints
Committees (ICC) have been constituted to redress
the complaints regarding sexual harassment pursuant
to the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013. The
data regarding complaints under the said Act are as
under:

(i)    No. of complaints of sexual harassment received
in the year - Nil

(ii)    No. of complaints disposed off during the year -
Not Applicable

(iii)    No. of cases pending for more than ninety days -
Not Applicable

•    During the FY 2025-26, the Company has complied
with the provisions relating to the Maternity Benefit
Act, 1961:

(i)    No. of Employees (Officers) covered under
Maternity Benefits: 34

(ii)    No. of Employees (Staff) covered under Maternity
Benefits: 12

Further, the creche facility at the company premises
is fully operational, providing a safe, reliable, and
supportive environment for employees' children.

•    No disclosure or reporting is required in respect of the
following items as either these were not applicable or
there were no transactions on these items during FY
2025-26:

(i)    Details relating to deposits covered under Chapter
V of the Act.

(ii)    Issue of equity shares with differential rights as to
dividend, voting or otherwise.

(iii)    Issue of shares (including sweat equity shares) to
employees of the Company under any scheme.

(iv)    Neither the Managing Director nor the Whole¬
time Directors of the Company receive any
remuneration or commission from any of its
subsidiaries.

(v)    There are no material changes and commitments
affecting the financial position of the Company
which have occurred between the end of the FY
and the date of this report.

Statutory Auditors

V. Sankar Aiyar & Co., Chartered Accountants, have been
appointed by the Shareholders of the Company in the
Annual General Meeting held on 21.09.2022 as Statutory
Auditors for a tenure of 5 years, up to the Annual General
Meeting to be held in 2027.

Auditors' Report

The Auditors have submitted an unqualified report for
the financial year 2025-26. No fraud has been reported
by Auditors under sub-section (12) of section 143 of the
Companies Act, 2013.

Secretarial Audit

M/s Akhil Rohtagi & Company, Company Secretaries (Firm
Registration No. P1995DE072900) has been appointed as
Secretarial Auditor of the Company for a period of five years
commencing from financial year 2025-26 to 2029-30 by the
Shareholders in the 27^th Annual General Meeting held on
24^th September 2025. The Secretarial Audit Report for the
FY 2025-26 submitted by M/s Akhil Rohtagi & Company,
Secretarial Auditor along with Management's reply on the
observations of Secretarial Auditor is annexed as Annexure
IV and form part of the Directors' Report.

Internal Auditor

The Board of Directors had appointed M/s Deloitte Touche
Tohmatsu India LLP (Deloitte) as Internal Auditor of the
Company for the FY 2025-26. Further, the Board of Directors
has appointed M/s Ernst & Young LLP as the Internal Auditor
of the company for a period of 3 years i.e. from FY 2026-27
till FY 2028-29.

Cost Auditor

In compliance with the Companies (Cost Records and
Audit) Rules, 2014, your Company maintains the requisite
Cost Accounting Records as prescribed.

The Board of Directors has appointed M/s Chandra
Wadhwa & Co., Cost Accountants (Registration No. 000239)
as the Cost Auditors of the Company for a period of 3 years,
starting from Financial Year 2025-26 to 2027-28.

Annexures forming part of Annual
Report

The particulars of annexure forming part of this report for
FY 2025-26 are as under:

Directors' Responsibility Statement

Pursuant to the provisions of clause (c) of sub-section (3)
of Section 134 of the Companies Act, 2013, the Directors
hereby states that:

(a)    In the preparation of the annual accounts, the
applicable Accounting Standards have been followed
along with proper explanation relating to material
departures;

(b)    The Directors have selected such accounting policies
and applied them consistently and made judgments
and estimates that are reasonable and prudent so as

to give a true and fair view of the state of affairs of the
Company at the end of the FY and of the profit and loss
of the Company for that period;

(c) The Directors have taken proper and sufficient
care for the maintenance of adequate accounting
records in accordance with the provisions of this Act
for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

(d)    The Directors have prepared the annual accounts on a
going concern basis;

(e) The Directors have laid down Internal Financial
Controls to be followed by the Company and that such
Internal Financial Controls are adequate and operating
effectively; and

(f)    The Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws
and that such systems are adequate and operating
effectively.

Acknowledgements

The Board of Directors sincerely thanks and wishes to
place on record appreciation to the Ministry of Petroleum
and Natural Gas, Government of India, State Governments
of Gujarat and Kerala, Promoters of the Company,
QatarEnergy, Exxon Mobil and other LNG suppliers, gas off¬
takers/ consumers of re- gasified LNG, Auditors, Lenders
and Insurers for their whole-hearted co-operation and
unstinted support.

The Directors of your Company also convey their gratitude
to all the shareholders for the continued support and the
trust they have reposed in the Management. The Directors
look forward to a better future and further growth of your
Company.

The Board also appreciates the contribution of contractors,
vendors and consultants in the implementation of various
projects of the Company.

We wish to place on record our deep appreciation to
employees at all levels for their hard work, dedication and
commitment.

For and on behalf of the
Board of Directors

Place: New Delhi    ^{(Dr Neeraj Mittal)}

Date: 29th August 2026    ^Chairman

DIN:05216366