IndiGo board accepts key Gangwal demand on change in policies
New Delhi: InterGlobe Aviation Ltd’s board has agreed to make policy changes only when all the proposed 10 directors are present, a key demand by co-founder Rakesh Gangwal, said a person aware of the board’s decision.
The issue of expanding the board’s strength to 10 was put to vote at the annual general meeting (AGM) in New Delhi on Tuesday.
Gangwal agreed to support the proposed changes at the AGM after some of his demands, including on board expansion and related-party transactions (RPTs), were accepted last week, ending months of public wrangling. Although the outcome of the voting wasn’t announced on Tuesday, Gangwal’s decision to back the resolutions last week means they are likely to sail through.
