Indraprastha Gas Limited has successfully concluded a postal ballot process for shareholder approval of the appointment of Shri Kumar Shanker (DIN: 09533240) as a Director and Managing Director of the Company.
Voting Process Details
The remote e-voting period was conducted from Wednesday, July 22, 2026 (09:00 hours IST) to Thursday, August 20, 2026 (17:30 hours IST). The cut-off date for determining shareholder eligibility to vote was Friday, July 3, 2026.
Scrutinizer Appointment
The Board of Directors appointed Agarwal S. & Associates, Practicing Company Secretaries (Firm's Registration No. P2003DE049100) as Scrutinizer for the postal ballot process. The scrutiny was conducted pursuant to Section 110 of the Companies Act, 2013 read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014.
Voting Results
The ordinary resolution for the appointment of Shri Kumar Shanker as Director and Managing Director was approved with overwhelming majority:
- Total Valid Votes Cast: 1,149,367,703 shares
- Votes in Favor: 1,135,573,534 shares (98.80% of votes cast)
- Votes Against: 13,794,169 shares (1.20% of votes cast)
- Total Voters: 2,014 shareholders
- Voters in Favor: 1,866 shareholders
- Voters Against: 148 shareholders
Shareholder Participation
The voting represented 82.1% of the total outstanding shares of the company. The vote unblocking process was witnessed by two independent witnesses on August 21, 2026, at 12:01:50 IST and 12:02:39 IST respectively.
Document Submission
The company has submitted the complete voting results in the prescribed format along with a copy of the Scrutinizer's report dated August 21, 2026, prepared by Sachin Agarwal, Partner of Agarwal S. & Associates (FCS-5774, COP-5910).