Announced Wed, 1 Apr · 15:56 IST
IGL shareholders approve related party deals with GAIL and BPCL via postal ballot
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
+0.5%1-day move
₹148.70
prior close
₹147.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-1.4-1.3-1.1+0.5-0.5+3.9+4.2+8.7+11.7+10.9+12.2+8.3+4.8
Up moveDown movePending
AI summary
Indraprastha Gas Limited declared postal ballot results on April 1, 2026. Shareholders approved two ordinary resolutions for material related party transactions: one with promoter GAIL (India) Limited (99.99% in favour) and one with BPCL (99.20% in favour). E-voting ran from March 2-31, 2026. The promoter group, holding 63 crore shares (45%), abstained from voting on both resolutions.
Likely market impact
Routine regulatory approval. Both resolutions passed with overwhelming majority from non-promoter shareholders, showing strong institutional and public support.