Indraprastha Gas Limited Faces Independent Director Vacancy Due to Ashish Kundra's Absence
Indraprastha Gas Limited announced the vacancy of the independent director post due to the indefinite absence of Ashish Kundra. Read to know everything about Ashish Kundra and his absence.
by Damodharan N
Updated Jun 21, 2024
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Indraprastha Gas Limited (IGL) has announced that Shri Ashish Kundra, a non-executive Director, has vacated his office.This decision comes as a result of Kundra's failure to attend all board meetings in the past twelve months, in accordance with Section 167 of the Companies Act, 2013. Consequently, his position became vacant effective June 21, 2024.
The company has informed the Bombay Stock Exchange and the National Stock Exchange of this development. Indraprastha Gas Limited is now expected to address this vacancy in the upcoming board meetings.
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About Ashish Kundra
The Board of Directors of Indraprastha Gas Limited (IGL) had appointed Shri Ashish Kundra, IAS, as an Additional Director effective March 26, 2021. Ashish Kundra, an IAS officer of the 1996 batch, currently serves as Principal Secretary-cum-Commissioner (Transport) for the Government of NCT of Delhi. Ms. Manisha Saxena has stepped down from her role as Director on the same date.
Kundra brings over twenty-six years of leadership experience, having served in various governmental roles across Chandigarh, Mizoram, Arunachal Pradesh, Daman, Dadra Nagar Haveli, and New Delhi.
He has also been the Private Secretary to the Union Minister of Commerce and Industry. An IIT-BHU electronics engineering graduate, Kundra is known for his efforts in promoting electric mobility in Delhi and for his writings on Northeast India.
Due to his indefinite absence for the past 12 months in the board meetings, the company removed him from his post according to SEBI norms.
Indraprastha Gas Limited
Incorporated in 1998, Indraprastha Gas Limited (IGL) took over the Delhi City Gas Distribution Project from GAIL (India) Limited (formerly Gas Authority of India Limited) in 1999. The project was initiated to establish a network for distributing natural gas to consumers in the domestic, transport, and commercial sectors within the National Capital Territory of Delhi.
Supported by strong promoters, GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL), IGL aims to provide natural gas across the entire capital region.
Highlights of the company (as of May 9, 2024)
- CNG Compression Capacity: 97.46 lakh kg/day
- Number of CNG Stations: 882
- Number of Domestic Customers: 2,583,124
- Number of Commercial Customers: 5,681
- Number of Industrial Customers: 4,519
Indraprastha Gas Limited Faces Independent Director Vacancy due to Ashish Kundra's Absence - FAQs
1. Why did Ashish Kundra's position become vacant?
He did not attend any board meetings in the past twelve months.
2. When was Ashish Kundra appointed as an Additional Director at IGL?
Ashish Kundra appointed as an Additional Director at IGL on March 26, 2021.
3. Who did Ashish Kundra replace as Director at IGL?
He replaced Ms. Manisha Saxena.
4. What is the main role of Indraprastha Gas Limited?
To distribute natural gas in Delhi and surrounding regions.
5. How many CNG stations does IGL operate?
There are total of 882 CNG stations.