One Mobikwik Systems CEO, chairman, board of directors and AGM

• To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025 together with reports of the Board of Directors and of Auditors thereon.MoreLess

  3 for0 against
• To re-appoint Ms. Upasana Rupkrishan Taku (DIN02979387) Whole-Time Director, retiring by rotation and being eligible, offers herself for re-appointment.

  3 for0 against
• To appoint B S R and Co, Chartered Accountants (Firm Registration No. 128510W) as statutory auditors of the Company.

  3 for0 against
• To appoint Surya Gupta & Associates, Company Secretaries as Secretarial Auditors of the Company.

  3 for0 against
• To approve the amendment in MobiKwik Employee Stock Option Plan 2014 of the Company.

  ›Against Axis Mutual Fund, HDFC Mutual Fund

  • Axis Mutual FundThe amendments will provide more opportunity and time to current and former option holders to exercise options under the MobiKwik Employee Stock Option Plan 2014. Further, the amendments include defining the validity of the grant as a period up to 15 years from the vesting date, which is unusually long when compared to market practices. As we have not supported this scheme in the past, we do not support the proposed amendments. Thus, we do not support the resolution.
  • HDFC Mutual FundThe amendments will provide more opportunity and time to current and former option holders to exercise options under the MobiKwik Employee Stock Option Plan 2014. Further, the amendments include defining the validity of the grant as a period up to 15 years from the vesting date, which is unusually long when compared to market practices. We do not support the resolution.

  1 for2 against

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To consider and approve the increase in Authorized Capital of the Company and consequent amendment to the Capital Clause of the Memorandum of Association of the Company

  6 for0 against
• TO APPROVE THE AMENDMENT AND RATIFICATION OF MOBIKWIK EMPLOYEE STOCK OPTION PLAN 2014 AS PER SEBI (SHARE BASED EMPLOYEE BENEFIT AND SWEAT EQUITY) REGULATIONS, 2021

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, HDFC Mutual Fund, quant Mutual Fund

  • Axis Mutual FundThe amendment to the scheme pertains relates to increasing the Exercise Period in case of voluntary resignation (other than due to cause) before the listing of the company and voluntary resignation after listing of the company but before the opening of the first exercise window post listing of the company. Under the scheme, exercise price will be determined by the NRC. We do not favour ESOP schemes where options are granted at a significant discount to market price since stock options are ‘pay at risk’ options that employees accept at the time of grant. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees. We make an exception in cases where the vesting of such options is mandatorily linked to pre-defined performance parameters and the company has disclosed the targets for such parameters. Since there is no clarity on the exercise price and vesting criteria of options to be granted, we do not support the resolution.
  • Bandhan Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: Compensation Committee/NRC being given the discretion to determine the exercise price.
  • HDFC Mutual FundThere is lack of clarity on the exercise price and vesting criteria of options to be granted, we do not support the resolution.
  • quant Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: Compensation Committee/NRC being given the discretion to determine the exercise price. As per SEBI SBEB Regulations, the Company is free to determine the price of the options to be granted under the Scheme. However, the price/ pricing formula so determined should be disclosed in the explanatory statement. The purpose behind SEBI mandating the said disclosure is for the shareholders to have an estimate of the potential price. Leaving the determination up to NRC discretion, defeats the purpose behind SEBI mandating the said disclosure. Hence, such an open-ended disclosure does not satisfy to be a specific disclosure of exercise price or pricing formula.

  1 for4 against
• TO APPROVE THE EXTENSION OF THE BENEFITS OF THE MOBIKWIK EMPLOYEE STOCK OPTION PLAN 2014 TO THE EMPLOYEES OF THE SUBSIDIARY COMPANY(IES), IN INDIA OR OUTSIDE INDIA, OF THE COMPANY

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, HDFC Mutual Fund, quant Mutual Fund

  • Axis Mutual FundThrough a separate resolution, the company seeks shareholder approval to extend the scheme to employees of subsidiary companies. Our view on this resolution is linked to our view on resolution #1. Thus, we do not support this resolution.
  • Bandhan Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: Compensation Committee/NRC being given the discretion to determine the exercise price.
  • HDFC Mutual FundThere is lack of clarity on the exercise price and vesting criteria of options to be granted, we do not support the resolution.
  • quant Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: Compensation Committee/NRC being given the discretion to determine the exercise price. As per SEBI SBEB Regulations, the Company is free to determine the price of the options to be granted under the Scheme. However, the price/ pricing formula so determined should be disclosed in the explanatory statement. The purpose behind SEBI mandating the said disclosure is for the shareholders to have an estimate of the potential price. Leaving the determination up to NRC discretion, defeats the purpose behind SEBI mandating the said disclosure. Hence, such an open-ended disclosure does not satisfy to be a specific disclosure of exercise price or pricing formula.

  1 for4 against