Announced Wed, 8 Jul · 16:05 IST
IGL Postal Ballot: Approval sought for Kumar Shanker as Managing Director
Board & Shareholder Meetings View source PDF
IGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹150.00
prior close
₹150.12
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.4+0.5+1.0+2.9+2.0+1.3+1.0+3.0+3.1————
Up moveDown movePending
AI summary
Indraprastha Gas Limited is conducting a Postal Ballot to seek shareholder approval for the appointment of Shri Kumar Shanker (DIN: 09533240) as Director and Managing Director, effective June 05, 2026 to June 04, 2029, as nominated by promoter GAIL India. E-voting runs from July 22 to August 20, 2026, with results by August 24. Basic pay is Rs 2,62,820 per month; total monthly emoluments about Rs 5,87,089, reimbursed to GAIL.
Likely market impact
Routine leadership appointment from promoter GAIL. No material change for shareholders; tenure aligned with existing governance and cost structure.