Key Resolution Details

The company is seeking shareholder approval through postal ballot for the appointment of Shri Kumar Shanker (DIN: 09533240) as Director and Managing Director of the company.

Appointment Terms and Tenure

  • Appointment Period: June 05, 2026 to June 04, 2029
  • Effective Date: June 05, 2026
  • Contingency Clause: Or until further order received from GAIL (India) Limited, whichever is earlier
  • Basis of Appointment: Terms and conditions forwarded by GAIL (India) Limited via office order no. GAIL\\CO\\TRF\\02\\26 dated February 27, 2026, letter no. GAIL\\CO\\TRF\\06\\26 dated June 02, 2026, and letter no. 26/06/4570/2026 dated June 04, 2026

Remuneration Details

Monthly Compensation Breakdown:

  • Basic Pay: ₹262,820
  • Variable DA (54.1% w.e.f. 01.04.2026): ₹142,186
  • HRA @ 30% of Basic Pay: ₹78,846
  • Perquisites and allowance: ₹91,987
  • Secondment Allowance: ₹11,250

Total Monthly Package: ₹586,089

Pay Scale: ₹150,000 - ₹300,000 (E-9 Grade)

Additional Benefits: Entitled for Performance Related Pay and other perquisites/entitlements/benefits/reimbursements as applicable in GAIL. The company will reimburse all expenses including contributions towards Provident Fund, Pension and Gratuity to GAIL.

Voting Schedule

  • Cut-off Date: July 03, 2026
  • Remote E-Voting Period: July 22, 2026 (09:00 hours IST) to August 20, 2026 (17:30 hours IST)
  • Result Declaration: On or before August 24, 2026

Service Providers

  • E-Voting Agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Sachin Agarwal, FCS no. 5774 (or in absence, CS Shweta Jain, FCS No. 7152) of M/s Agarwal S. & Associates, Company Secretaries

Director Background

Shri Kumar Shanker Profile:

  • Date of Birth: May 26, 1970
  • Qualifications: Chemical Engineer from B.I.T.S. Pilani
  • Experience: Over three decades in natural gas industry including gas processing plants, project management, corporate strategy, marketing, regulatory functions, and CGD sector
  • Current Directorship: Maharashtra Natural Gas Limited (MNGL)
  • Board Meetings Attended (FY 2026-27): 1
  • Shareholding in Company: Nil
  • No resignations from listed entities in past three years

Document Availability

The Postal Ballot Notice is available on company website (https://www.iglonline.net/) and NSDL e-voting website (www.evoting.nsdl.com).

Voting Rights

Voting rights are proportional to paid-up value of shares as on cut-off date (July 03, 2026). Institutional shareholders must provide authorization documents to scrutinizer.