IndiGo Board Meeting To Continue On Saturday, Says Ronojoy Dutta
The board of InterGlobe Aviation Ltd. on Friday discussed a “range of issues”, including appointment of a woman director, and the meeting will continue on Saturday, the company’s Chief Executive Officer Ronojoy Dutta said.
The board meet also comes against the backdrop of an ongoing spat between Promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses.
During a conference call to discuss the June quarter financial results, Dutta said the board is discussing a whole range of issues.
The board discussed about appointing a woman director and that would need changes in the company’s Articles of Association, he said.
The board meeting would continue on Saturday, Dutta said.
After Gangwal sought Securities and Exchange Board of India’s intervention to address governance issues, the regulator is probing the matter.
The company is responding to the SEBI, Dutta said.