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Petronet to pay 1% of profit as commission to its directors for 5 years
Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue payment of commission to its directors, capped at 1 per cent of annual profits, for another five years from financial year 2026-27 to 2030-31. The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1 per cent per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amoun…
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