IGL shareholders approve Subhankar Sen as Director

Indraprastha Gas Limited has declared the results of its postal ballot voting process, confirming that shareholders have approved the appointment of Shri. Subhankar Sen as a Director. The resolution was passed through remote e-voting, which took place from April 22, 2026, to May 21, 2026. The company disclosed the outcome in a filing submitted to the stock exchanges on May 22, 2026.

Voting Results Overview

The postal ballot sought shareholder approval for a single ordinary resolution regarding the appointment of Shri. Subhankar Sen (DIN: 09844251). The scrutinizer's report confirmed that the resolution received the requisite majority. A total of 1,601 shareholders participated in the voting process, casting 1,151,926,479 valid votes.

Breakdown of Votes

The resolution secured significant approval across various shareholder categories. The Promoter and Promoter Group cast 100% of their votes in favour of the resolution. Public Institutions and Public Non-Institutions also supported the appointment, resulting in an overall approval percentage of 93.77%.

Category	Votes In Favor	Votes Against	% In Favor	% Against
Promoter and Promoter Group	630,000,800	0	100	0
Public Institutions	449,691,563	71,677,239	86.25	13.75
Public Non-Institutions	505,119	51,758	90.71	9.29
Total	1,080,197,482	71,728,997	93.77	6.23

Key Details of the Postal Ballot

The remote e-voting period was open from April 22, 2026, at 9:00 a.m. IST to May 21, 2026, at 5:30 p.m. IST. The cut-off date for determining shareholder eligibility was April 10, 2026. Agarwal S. & Associates, Practicing Company Secretaries, acted as the scrutinizer for the process to ensure transparency and compliance with regulatory norms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.45%	+9.48%	+0.85%	-14.80%	-19.57%	-34.69%

Indraprastha Gas witnessed significant institutional activity on the National Stock Exchange (NSE), with five separate block trades recorded in the stock. The transactions collectively involved a substantial volume of shares, reflecting continued interest from large-scale market participants.

Block Trade Details

The following table summarises the key parameters of all five block trades recorded on the NSE:

Parameter:	Trade 1	Trade 2	Trade 3	Trade 4	Trade 5
Exchange:	NSE	NSE	NSE	NSE	NSE
Trade Value:	₹79.27 crores	₹26.88 crores	₹32.36 crores	₹48.73 crores	₹42.40 crores
Number of Shares:	~5,117,252	~1,743,958	~2,087,458	~3,195,540	~2,787,779
Trade Price:	₹154.90 per share	₹154.15 per share	₹155.00 per share	₹152.48 per share	₹152.10 per share

Block trades are typically executed outside the open market order book and are commonly associated with large institutional investors, mutual funds, or other significant market participants. Such transactions are reported separately on exchanges to ensure transparency in price discovery and market activity.

Market Significance

The scale of these transactions — spanning over 1.49 crore shares across all five deals — underscores the continued interest of large-scale investors in Indraprastha Gas. Block deals of this magnitude are closely tracked by market participants as they can offer insights into institutional sentiment and positioning within a stock.