# Petronet Proposes 1% Profit Commission for Directors

> Petronet seeks shareholder approval to pay directors up to 1% of annual profits for five years.
- Title: Petronet Proposes 1% Profit Commission for Directors
- Summary: Petronet seeks shareholder approval to pay directors up to 1% of annual profits for five years. Petronet LNG Ltd will pay directors up to 1% of annual…
- Keywords: petronet, directors, profit, shareholders, fy27, fy31, companies act, commission, Proposes, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/energy/oil-gas/petronet-lng-proposes-1-profit-commission-for-directors-shareholder-approval-sought-for-fy27-fy31/articleshow/134515812.cms
- Author: ET Online
- Published: 2026-09-27T06:33:00+00:00
- Read time: 1 min
- Topics: petronet, directors, profit, shareholders, fy27, fy31, companies act, commission
## Petronet Proposes 1% Profit Commission
Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue paying commission to its directors, capped at 1% of annual profits, for another five years from FY27 to FY31.
## Commission Details for FY26
For FY26, whole-time directors received Rs 26.5 lakh each, up from Rs 25.5 lakh in FY25, while independent directors got Rs 10 lakh each.
## Financial Context
Petronet reported a net profit of Rs 3,843 crore on revenue of Rs 43,495 crore in FY26, compared with Rs 3,926 crore on Rs 50,980 crore in FY25.
## Statutory Compliance
The commission remains below the statutory ceiling of 1% of net profits, with whole-time directors eligible for a maximum of Rs 79.5 lakh and independent directors Rs 55 lakh in FY26.
## Director Tenure and Replacement
CEO Akshay Kumar Singh, 65, will superannuate on May 12, 2027, after a 15-month extension until May 2027, with replacement process already underway.
## Shareholder Approval History
Shareholders last approved the commission arrangement for FY22-FY26 at the annual general meeting on September 28, 2021, with similar approvals granted in 2007, 2011, and 2016.
## Key takeaway

Petronet LNG Ltd will pay directors up to 1% of annual profits for five years, with shareholders approving the arrangement for FY27-FY31.