IndiGo to seek shareholders' approval for board expansion at upcoming AGM

The board's size will be expanded to 12 directors from the current six once the shareholders' approval is obtained

No-frills carrier IndiGo said Saturday it will seek shareholders' approval at the upcoming annual general meeting for expanding its board so that an independent woman director can be inducted.

In a letter to markets regulator Sebi on July 8, Rakesh Gangwal, one of the two IndiGo promoters, had pointed out the airline's non-compliance with Sebi regulations in not bringing onboard an independent woman director since May last year.

As per Sebi regulations, all listed companies should have at least one woman director on their respective boards.

"The Board has decided to seek the approval of the shareholders at the upcoming AGM for expanding