Announced Wed, 8 Jul · 16:09 IST
Postal Ballot for appointment of Shri 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 appointing Shri Kumar Shanker (DIN: 09533240) as Director and Managing Director. He was nominated by promoter GAIL (India) Limited, effective June 5, 2026 for a term up to June 4, 2029. Monthly pay is about Rs. 5.87 lakhs (basic Rs. 2.62 lakh plus allowances). E-voting runs from July 22 to August 20, 2026. Results will be announced by August 24, 2026.
Likely market impact
Routine procedural vote to formalize an earlier board-level appointment. As GAIL is the promoter, approval is expected to be smooth with no material business change.