Indraprastha Gas Limited has appointed Ashish Dadel as the Head (C&P and Stores) effective July 09, 2026. The appointment was made on deputation from GAIL, a promoter company of Indraprastha Gas. Dadel replaces Adesh Singhal, who has been repatriated to GAIL.

Senior Management Change

The company informed the exchanges regarding the change in senior management in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transition involves a transfer of responsibilities between the two executives.

Profile of Ashish Dadel

Ashish Dadel is a graduate in Mechanical Engineering from the Regional Institute of Technology, Jamshedpur. He brings extensive experience to the role, having worked in the Oil & Gas sector for approximately 30 years. Dadel joined GAIL in 1996 and has since accumulated significant industry expertise.

Indraprastha Gas Limited has scheduled a postal ballot to secure shareholder approval for the appointment of Shri Kumar Shanker as Managing Director. The resolution seeks ratification for his tenure effective from June 05, 2026, to June 04, 2029, or until further orders are received from GAIL (India) Limited, whichever is earlier. The appointment is subject to the terms and conditions forwarded by GAIL, including remuneration details specified in its office orders and letters dated February 27, 2026, June 02, 2026, and June 04, 2026.

Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders eligible to vote are those whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, Friday, July 03, 2026. The remote e-voting period begins on Wednesday, July 22, 2026, at 09:00 hours IST and concludes on Thursday, August 20, 2026, at 17:30 hours IST. The results of the postal ballot are scheduled to be announced on or before Monday, August 24, 2026.

Scrutinizer and Oversight

To ensure the conduct of the postal ballot and e-voting is fair and transparent, the Board has appointed Mr. Sachin Agarwal of M/s Agarwal S. & Associates as the Scrutinizer. In his absence, CS Shweta Jain will assume the role. The Scrutinizer will submit a report to the Chairman or the Managing Director upon completion of the scrutiny process.

Remuneration and Terms

Shri Kumar Shanker’s remuneration package includes a basic pay of ₹2,62,820 per month, Variable Dearness Allowance of ₹142,186, HRA of ₹78,846, perquisites and allowance of ₹91,987, and a secondment allowance of ₹11,250. The Variable Dearness Allowance is subject to quarterly changes. The company will reimburse all expenses, including contributions towards Provident Fund, Pension, and Gratuity, to GAIL as per his service conditions.

Director Background

Shri Kumar Shanker, a Chemical Engineer from B.I.T.S. Pilani, brings over three decades of experience in the natural gas industry. His expertise spans commissioning and operations of gas processing plants, project management, corporate strategy, and regulatory functions. He currently holds a directorship at Maharashtra Natural Gas Limited (MNGL) and has no shareholding in Indraprastha Gas Limited. The Board recommends the resolution for shareholder approval.