Indraprastha Gas Limited — Others, 11-12-2024: Shareholders meeting

Indraprastha Gas Limited is conducting a Postal Ballot to seek shareholder approval for several resolutions. A key proposal is the increase in authorized share capital from ₹220 crore to ₹1,000 crore, enabling the issuance of bonus shares. Shareholders may receive one bonus share for each existing share (1:1 ratio), capitalizing ₹140.00 crore from free reserves. The remote e-voting period starts on December 17, 2024, and ends on January 15, 2025, with results expected by January 17, 2025. This move aims to enhance liquidity and attract retail investors, signaling a positive outlook for the company amidst robust financial health.