Indraprastha Gas Limited has announced a postal ballot notice to seek shareholder approval for the appointment of Shri Subhankar Sen as a Director of the Company. The notice, dated April 13, 2026, has been submitted to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

Director Appointment Details

The postal ballot seeks approval for the appointment of Shri Subhankar Sen (DIN: 09844251) as a Director of the Company through an Ordinary Resolution. Sen was nominated by Bharat Petroleum Corporation Limited (BPCL) and has been appointed as Additional Director and Chairman (Non-Executive) effective April 01, 2026.

E-Voting Schedule and Process

The Company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to its members. The postal ballot notice will be sent electronically only to members whose email addresses are registered with the Company or Depositories, in accordance with relevant circulars issued by the Ministry of Corporate Affairs and Securities Exchange Board of India.

Scrutinizer and Compliance

The Board of Directors has appointed Mr. Sachin Agarwal (FCS no. 5774) and in his absence, CS Shweta Jain (FCS No. 7152) of M/s Agarwal S. & Associates, Company Secretaries, New Delhi, as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner.

The appointment seeks compliance with Regulation 17 (1C) of SEBI LODR Regulations, which requires listed entities to obtain shareholder approval for Board appointments at the next general meeting or within three months from the date of appointment, whichever is earlier.

Director Profile

Shri Subhankar Sen, born on 12-01-1968, holds a B.A.(Arts) degree and PGEMP from S.P. Jain Institute of Management. He currently serves as Director (Marketing) with additional charge of Director (HR) in BPCL. With over three decades of experience, Sen has led initiatives in fuel retailing, lubricants marketing, and energy transition, including pioneering brands like Pure for Sure, Speed, and BPCL's eDrive program for EV Fast Charging Corridors.

Access and Documentation

The postal ballot notice is available on the Company's website at www.iglonline.net and on NSDL's e-voting platform at www.evoting.nsdl.com . Members whose names appear in the Register of Members as on the cut-off date of April 10, 2026, are entitled to vote on the resolution. The Company has confirmed that Sen has no relationship with other Directors and Key Managerial Personnel of the Company and holds no shares in the Company.

Indraprastha Gas Limited has successfully concluded its postal ballot process, with shareholders approving two material related party transaction resolutions through remote e-voting. The company declared the voting results on April 01, 2026, following the completion of the e-voting period that ran from March 02, 2026 to March 31, 2026.

Voting Results Overview

The postal ballot covered two ordinary resolutions, both receiving overwhelming shareholder support. The voting was conducted exclusively through remote e-voting, with the cut-off date for eligible shareholders set as February 19, 2026.

Resolution Details

GAIL (India) Limited Transaction

The first ordinary resolution addressed material related party transactions with GAIL (India) Limited. Out of 1168 voters who participated, 1112 voted in favour while 56 voted against the resolution. The resolution achieved 99.99% approval from the votes polled.

BPCL Transaction Resolution

The second resolution concerned material related party transactions with Bharat Petroleum Corporation Limited. This resolution saw 1094 voters supporting and 80 opposing, resulting in 99.20% approval from the total votes cast.

Shareholder Participation Analysis

Notably, the promoter and promoter group abstained from voting on both resolutions, with institutional investors showing strong participation at 92.11%. The company had 361399 total shareholders on the record date.

Process and Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and SEBI LODR Regulations, 2015. Agarwal S. & Associates served as the scrutinizer for the voting process, ensuring transparency and compliance with regulatory requirements. The e-voting facility was provided by Kfin Technologies Limited, with the voting period concluding at 5:30 p.m. IST on March 31, 2026.

Both resolutions were classified as ordinary resolutions, with the promoter and promoter group having declared interest in the agenda items. The successful approval of these resolutions enables the company to proceed with the proposed material related party transactions with both GAIL and BPCL.