IndiGo aims to expand its board to 10-12 members - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.Stock Analysis, IPO, Mutual Funds, Bonds - MoreThe meeting spilled over from yesterday when the board considered and announced the airline’s record earnings—a 42 times year-on-year jump in its net profit to Rs 1,203 crore.Jul 20, 2019, 10.23 PM ISTBCCLMUMBAI: IndiGo plans to expand its board to 10-12 members including a woman member from the current number of six, said a person in the know. This was among the key decisions in a seven hour board meeting held Saturday.

In an announcement, India’s biggest airline by market share said it will seek shareholders' approval to appoint a woman director.

It didnt elaborate on the overall board expansion. The meeting spilled over from yesterday when the board considered and announced the airline’s record earnings—a 42 times year-on-year jump in its net profit to Rs 1,203 crore. The board members discussion a plethora of contentious issues, including those of related party transactions raised by co-founder Rakesh Gangwal in a recent letter to capital markets regulator Sebi.

It wasnt immediately clear if any decision was made. Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved stories, click on link hightlighted in bold