InterGlobe Aviation shareholders approve appointment of three directors

Informing Indian markets about appointments, InterGlobe Aviation said, “In terms of Regulation 30 read with Schedule III of SEBI LODR Regulations, we inform you that the members of the Company in the 19th Annual General Meeting held today i.e. 26th August, 2022 passed the following resolution with requisite majority – I. Appointment of Shri Vikram Singh Mehta (DIN: 00041197) as an Independent Director of the Company by a special resolution II. Air Chief Marshal (Retd.) Birender Singh Dhanoa (DIN: 08851613) as an Independent Director of the Company by a special resolution III. Appointment of Shri Melavetil Damodaran (DIN: 02106990) as a Non-Independent Non-Executive Director of the Company by a special resolution. This is for your information and record.

Here we are giving a brief description of the new appointments:

Vikram Singh Mehta Vikram Singh Mehta is currently the President and Distinguished Fellow of CSEP (Center for Social and Economic Progress). He was Executive Chairman of the Brookings Institution India Center and Senior Fellow, Brookings Institution from 2012 to 2020. Prior to this, he was the Chairman of the Shell Group of Companies in India (1994–2012); Chief Executive of Shell Markets and Shell Chemicals, Egypt (1992–1993); and consultant, strategic planning for the state-owned company. Oil India Limited (1984-1988). He started his career by joining the Indian Administrative Service in 1978 and resigned from the service in 1980.

Mehta was the recipient of Asia House’s “Businessman of the Year” award for 2010. He also received the Asia Center for Corporate Governance and Sustainability Award for “Best Independent Director” in India for 2016.

Air Chief Marshal (Retd) BS Dhanoa: BS Dhanoa (Retd) is an alumnus of St George’s College, Mussoorie. He then went to Rashtriya Indian Military College, Dehradun, and later joined the National Defense Academy (NDA) in June 1974. He graduated from Jawaharlal Nehru University in 1977. After flight training, he was commissioned into the fighter stream of the Indian Army. Air Force (IAF) in June 1978. In 1985, he did the All-Purpose Flying Instructor Course (APFIC) and then in 1987 received the highest-flying instructor category ‘A’. He did M. Sc. in Defense Studies from Madras University and attended Defense Services Staff College course in 1990-91.

Dhanoa has had an illustrious career with the IAF and has served at various ranks. He served as the Air Officer Commanding-in-Chief of the South-Western Air Command before taking over as the Vice Chief of Air Staff (VCAS) in May 2015. He served as the 25th Chief of the Indian Air Force from January 1, 2017. September 30, 2019, and led the IAF when it conducted air strikes on a terror camp in Pakistan’s Balakot in February 2019. He is currently an Independent Director on the Board of Hero MotoCorp Limited since October 2020.

Melevitil Damodaran: The retired IAS is currently a Governance Consultant, Consultant, Consultant and Coach, having worked with the Union and State Governments of India, Regulatory Bodies, Investment Institutions, Banks, Development Financial Institutions and the Private Sector.

Melvetil Damodaran was the Chairman of the Securities and Exchange Board of India (SEBI) from February 2005 to February 2008. He has led highly successful and transformative restructuring efforts at Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI). During his tenure in SEBI, he was elected the chairman of the Emerging Markets Committee (EMC) of the International Organization of Securities Commission (IOSCO). He has chaired the high powered committees of the Government of India, Reserve Bank of India (RBI) and some Chambers of Commerce. He has won many awards for governance, leadership and change.

Aviation company reported loss in April to June 2022 quarter 1,064 crores.

Share price of InterGlobe Aviation or Indigo ended at 1,978.70 each on the NSE on Friday.

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