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.
The proposal, included in the notice for the company's forthcoming general meeting, seeks approval to distribute a sum not exceeding 1% per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time.
