InterGlobe Aviation Ltd

AGM Details

• AGM held on 20 August 2026 at 11:00 IST via video conferencing.

Resolutions Passed

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; approved 99.92% assent.
• Resolution 2 (Ordinary): Appointment of Gregg Albert Saretsky as Director by rotation; approved 95.37% assent.
• Resolution 3 (Special): Increase in borrowing limits and creation of charge; approved 99.97% assent.

Director Changes

• Appointment of Gregg Albert Saretsky as Director, liable to retire by rotation.

Other Material Approvals

• Approval for increase in borrowing limits and creation of charge against borrowings.

AGM Details

• Date and time: 20 August 2026, 11:00 IST.
• Mode: conducted via video conferencing.

Regulatory update

• GST order imposes penalty of INR 19,65,736 for alleged document deficiencies in transport.
• InterGlobe disputes the order and will contest before the appropriate appellate authority.
• No significant impact expected on financials, operations, or other activities.
• Communication received on 18 August 2026 from Assistant Commissioner, State Tax, Noida.
• Period of applicability noted as August 2026.

Operational update

• IndiGo will discontinue wide-body operations effective 25 October 2026.
• Damp lease with Norse Atlantic Airways will end effective 31 October 2026.
• Mumbai–Amsterdam service will transition to Airbus A321XLR from 25 October 2026.
• London Heathrow services will be temporarily suspended until A350-900 deliveries.

Strategic context

• Geopolitical tensions have raised costs; airspace constraints, fuel costs, and currency pressures reduce route efficiency.
• Six Boeing 787-9 aircraft were damp-leased in early 2025 to support long-haul services.
• IndiGo reaffirms long-term long-haul growth strategy and European network expansion via A321XLR.
• IndiGo will work with affected customers to offer alternatives and refunds, ensuring a smooth transition.

AGM details

• 23rd AGM on 20 August 2026 at 11:00 IST via VC/OAVM
• e-voting cut-off date: 13 August 2026

Resolutions put to vote

• Ordinary: Adoption of standalone and consolidated FY2026 financial statements
• Ordinary: Appointment of Mr Gregg Saretsky as Director, retiring by rotation
• Special: Increase borrowing limit to INR 1,100 billion; create charges; Board/Committee delegation

Governance and director details

• Annex: Saretsky re-appointment details; board attendance 20 meetings; tenure

AGM notice and e-voting details

• 23rd AGM to be held via VC/OAVM on Aug 20, 2026 at 1100 IST.
• Notice of AGM and FY26 Annual Report sent to registered email addresses; available on company website.
• E-voting window: remote voting from Aug 15, 2026, 0900 IST to Aug 19, 2026, 1700 IST.
• Cut-off for e-voting eligibility is Aug 13, 2026.
• Physical attendance voting permitted at AGM for members unable to vote remotely.
• Query contact: Mr. Anandan K at KFin for e-voting assistance.

Overview

• Standalone BRSR FY26 for InterGlobe Aviation Ltd (IndiGo), air passenger and cargo services.
• Reporting period: 1 Apr 2025–31 Mar 2026; TÜV India provided reasonable assurance on BRSR Core.
• Fleet expanded with 51 Airbus A320neo inductions; 81% of fleet as of Mar 2026.
• Entered wide-body operations and Europe in 2025; UDAN flights carried 334k passengers across 3,800+ flights.
• BluChip loyalty surpassed 11 million customers; IGBC/USGBC green building certifications achieved for facilities.
• Women representation rose to 45.6% overall; cockpit women at 17.4%; 6E governance framework emphasized.

Key ESG Risks & Opportunities

• Climate risk from evolving policies (CORSIA, SAF mandates) and EEUs; penalties possible.
• Mitigation via fleet modernization and regulator engagement; SAF roadmap development.
• Fuel/energy costs dominate; fuel-efficient fleet reduces consumption and costs.
• Waste management SOPs enable recycling; non-compliance may incur fines.
• Aircraft noise: 86% fleet meets ICAO noise standards; non-compliance penalties possible.
• Safety risk; robust SMS; ongoing training mitigates reputational and regulatory penalties.

Governance & Policy Highlights

• Board oversight by Risk Management Committee and Corporate Social Responsibility Committee.
• Policies include Code of Conduct, Whistleblower, Supplier Code, Safety, DEI, Human Rights, Environmental, Privacy, CSR.
• Anti-corruption policy embedded in the Code of Conduct.
• CEO resignation in Mar 2026; Managing Director assumed interim management.
• Independent assurance on BRSR Core by TÜV India; ISAE 3000; nine KPIs.

Social Responsibility & Workforce

• Total employees: 45,051; 54.4% male, 45.6% female; 253 differently abled.
• Board female representation: 11.1%; KMP female: 33.3%.
• Permanent turnover: male 11.7%, female 13.0%; total 12.2%.
• Return to work 99.8% and retention 99.5% after parental leave.
• Well-being spend: 0.05% of revenue; PF/ESI coverage 100% where applicable.
• RPWD Equal Opportunity Policy; whistleblower channels and PoSH ICC for grievances.
• POSH: 74 sexual harassment complaints in FY2026; 7 pending; 0 reported as exceeding timeline.

Environmental Performance

• Total energy: ~141.546 million GJ; renewable ~29,263 GJ; non-renewable ~141,517,138 GJ.
• Scope 1 emissions: ~10.42 million tCO2e; Scope 2: ~10.94 thousand tCO2e; total intensity 0.000012 tCO2e/INR.
• Scope 3 emissions: ~3.00 million tCO2e; intensity 0.0000035 tCO2e/INR; 17.4 gCO2e/ASK.
• NOx 7,318 t; SOx 701.9 t; PM 414.4 t (FY2026, restated FY2025).
• Waste generated: 4,244.82 MT; 4,153.68 MT recycled; landfilled 0.62 MT; other disposals 90.52 MT.
• Water withdrawal: 119,933.8 KL; third-party water 119,933.8 KL; discharge to third parties 71,655.09 KL.
• Certifications: IGBC/USGBC green buildings; ground ops electrification at Ahmedabad/Thiruvananthapuram; Delhi mix.

Stakeholder Engagement & Complaints

• Stakeholders: Investors, Customers, Employees, Suppliers, Government, Industry Associations, Communities.
• Board-level Stakeholder Consultation Committee guides environmental and social topics; regular engagements with updates to Board.
• Customer complaints: 44,729 filed FY2026; 1,803 pending resolution.
• Employees/workers complaints: 290 filed; 32 pending; POSH complaints 74 FY2026; 7 pending.
• Data privacy: 1 data breach; 100% of breaches involved customer PII; no major impact.

Other Notable Metrics

• Assurance: TÜV India performed reasonable assurance on BRSR Core; 140 airports in scope (97 domestic, 43 international).
• RPT exposure: Purchases from related parties 5.51%; Loans to related parties 8.31%; Investments in related parties 20.96%.
• Training: Board/KMP awareness at 100%; employees trained ~88.3%; 16,463 partner trainings recorded.
• CSR in Aspirational Districts: ₹53.13 million; districts in HP, Odisha, Jharkhand, Chhattisgarh, Uttarakhand.
• Data security: ISO 27001 and robust data privacy framework; GDPR/NIST alignment; 1 data breach reported.

Customs order and response

• Customs order confirms demand due to revised classification.
• Company believes classification was correct and will appeal.
• Duty demand includes interest and a penalty of INR 1,14,17,541.
• Period covered: April 2020 to March 2024.
• No significant impact on financials, operations, or overall business.
• Company will contest order and pursue legal remedies.