New Delhi: India's largest domestic airline, InterGlobe Aviation Limited operated IndiGo, on Friday said that the board of directors of the airline has approved the appointment of advocate Pallavi Shardul Shroff as an independent woman director in the company.
Shroff, who's a managing partner at law firm Shardul Amarchand Mangaldas & Co, has been inducted in the airline's board, with effect from 19 September, IndiGo said in a statement.
The induction of Shroff into the airline's board of director comes after the shareholders of the company voted in favour of expanding the board’s strength to 10 at the annual general meeting (AGM) in New Delhi on 28 August.
"The aviation sector in India is among the fastest growing internationally and that makes IndiGo’s story and goals quite compelling," Shroff said in a statement.
"I look forward to contributing my experience to support the company in enhancing its growth and maximizing value for its shareholders," she added.
Shroff is currently also a director on the boards of prestigious Indian listed companies like Apollo Tyres Ltd., Trident Ltd. and Asian Paints Ltd. Besides these, she is also on the Boards of One97 Communications Ltd (Paytm's parent company), and Juniper Hotels Ltd.
"Her rich boardroom experience, her deep and extensive knowledge of law, her analytical bent of mind and her problem-solving attitude will considerably strengthen the Board, as it seeks to provide quality leadership to the company," IndiGo's chairman M Damodaran, said in a statement.
IndiGo’s co-promoter Rakesh Gangwal, who is in the midst of a tussle with promoter Rahul Bhatia, had earlier demanded the appointment of an independent woman director in the airline's board.
In an 8 July letter, addressed to Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi, Gangwal alleged several violations at IndiGo including those pertaining to related-party transactions (RPTs); appointment of senior management personnel, directors and the chairman, who has always been an independent director by convention.