Premier Energies MD, chairman and AGM

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

• To receive, consider and adopt: a. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess

  23 for0 against
• To confirm the payment of Interim Dividend on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year March 31, 2025.

  23 for0 against
• To appoint a director in place of Mr. Surenderpal Singh Saluja, who retires by rotation and being eligible, offers himself for re-appointment.

  ›Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Proposed appointee holds combined position of Executive Director and Chairman, which may lead to concentration of power in the hands of a single individual.
  • Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with Law. No concern on merit of proposed appointee. Governance Concern: Proposed appointee holds combined position of Executive Director and Chairman, which may lead to concentration of power in the hands of a single individual.

  16 for7 against
• To appoint a director in place of Mr. Chiranjeev Singh Saluja, who retires by rotation and being eligible, offers himself for re-appointment.

  23 for0 against
• Appointment of Secretarial Auditors of the Company.

  ›Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
  • Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo issues on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR 2015: Proposed audit fee payable to Secretarial Auditors not disclosed in the Notice.
  • Nippon India Mutual FundNon disclosure of Proposed fee payable to Secretarial Auditors.

  15 for8 against
• Appointment of Mr. Nishith Hasmukh Mehta (DIN: 11237607) as an Independent Director of the Company.

  ›Against Jio BlackRock Mutual Fund

  • Jio BlackRock Mutual FundNishith Hasmukh Mehta, 46, currently leads the Risk and Compliance Practice at Trilegal, with a focus on regulatory strategy, governance, and control frameworks for financial institutions. Prior to joining Trilegal in August 2025, he was the Co-head: APAC Compliance & Operational Risk at Bank of America. He has over 25 years of professional experience wherein he has held senior compliance roles at HSBC, Kotak Mahindra group (a JV with Goldman Sachs), and Edelweiss group. He is a qualified Company Secretary. While his appointment is in line with statutory requirements, we raise concern that Trilegal had advised the merchant bankers of the company during their IPO in September 2024. We believe that the business relationship between the company and Trilegal creates a potential conflict of interest. Hence, we do not support his appointment as an Independent Director. The company must consider appointing him as a Non-Executive Non-Independent Director. We do not support this resolution.

  22 for1 against
• Rectification and Clarification of Inadvertent Disclosures in Explanatory Statements to the earlier Notices.

  23 for0 against
• To ratify the remuneration of the Cost Auditor for the F.Y.2025-26.

  5 for0 against

• Appointment of Shri. Sudhir Moola (DIN: 02185026) as a Whole-time Director designated as an Executive Director of the Company

  1 for0 against
• Approval for Material Related Party Transaction(s) of the Subsidiaries of the Company

  1 for0 against
• Re-appointment of Shri. Uday Pilani Sudhir (DIN: 06572889) as an Independent Director of the Company

  1 for0 against
• Re-appointment of Smt. Revathi Rohini Buragadda (DIN: 08114119) as a Whole-time Director designated as an Executive Director of the Company

  1 for0 against
• To approve acquisition or purchase of equity shares of the Company by way of issuance and allotment of equity shares by the Company or from secondary market or by way of both for implementation of the Premier Energies Limited - Employee Stock Option Scheme 2025MoreLess

  1 for0 against
• To approve provision of funds by the Company for purchase of its own shares by the trust / trustees for implementation of Premier Energies Limited - Employee Stock Option Scheme 2025 and Premier Energies Limited - Employee Stock Option Scheme 2021.MoreLess

  1 for0 against
• To approve the Premier Energies Limited- Employee Stock Option Scheme 2025

  1 for0 against
• To approve the Ratification of the Employee Stock Option Scheme 2021 (“PEL ESOP 2021”)

  1 for0 against
• To consider and approve the variation in terms of objects as stated in the prospectus.

  1 for0 against
• To extend Premier Energies Limited- Employee Stock Option Scheme 2025 to the eligible employees of its associate and subsidiary companies

  1 for0 against

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

• Re-appointment of Smt. Revathi Rohini Buragadda (DIN: 08114119) as a Whole-time Director designated as an Executive Director of the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Invesco Mutual Fund, Mahindra Manulife Mutual FundMs. Revathi Rohini Buragadda, 65, is an Executive Director. She has been on the board since 17 June 2019. She has over 30 years of experience with the Government of Telanga. She retired as the Additional Commissioner of Commercial Taxes. The company proposes to reappoint her as a Whole time Director designated as an Executive Director for three years from 20 March 2025 and fix her remuneration as minimum remuneration. She received a remuneration of Rs. 56.9 mn in FY24, of which Rs. 53.7 mn mn is the fair value of 317,000 stock options grants. In 1H25, her remuneration aggregated Rs. 1.6 mn. She will also be entitled to a one-time bonus of Rs. 1.7 mn. The company has not disclosed the quantum of stock options proposed to be granted to her during her proposed tenure. The company currently has two ESOP schemes in force. Given the lack of clarity on stock options, we are unable to reliably estimate her aggregate remuneration. The remuneration structure also provides for the company to bear expenses of attendants travelling with Ms. Revathi Rohini Buragadda on business – a practice we do not support. Ms. Revathi Rohini Buragadda has attended only five out of nine board meetings in FY24 (56%) and 27 out of 38 board meetings in the last three financial years (71%), which is below our thresholds. We expect directors to attend all board meetings. We do not support this resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Poor attendance at Board meeting, No absolute cap on overall remuneration.
  • Nippon India Mutual FundGovernance Concern: Skewed Remuneration
  • quant Mutual FundRegarding the re-appointment of Mrs Revathi Rohini Buragadda as a Whole-time Director designated as an Executive Director of the company. Re-appointment compliant with law. Governance concern: Poor attendance at Board meeting. Hence, we are voting against the resolution. Although there should have been an absolute cap on overall remuneration, being a non-promoter, we do not hold a concern on this front.

  5 for8 against
• Appointment of Shri. Sudhir Moola (DIN: 02185026) as a Whole-time Director designated as an Executive Director of the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Invesco Mutual Fund, Mahindra Manulife Mutual FundSudhir Moola, 43, is the Chief Strategy Officer of the company. He has been associated with the group since 2011. He is responsible for strategic and capital expansion plans across the Company and the Subsidiaries. Prior to joining the group, he was associated with Price Waterhouse Coopers, USA. He holds a bachelor’s degree in technology (electronics and communication engineering) from Jawaharlal Nehru Technological University, Hyderabad, a master’s degree in science (electrical engineering) from Colorado State University, USA and has completed the post graduate programme in management from the Indian School of Business, Hyderabad. His appointment is in line with statutory requirements. He will also be entitled to a one-time bonus of Rs. 1.0 mn The company has not disclosed the quantum of stock options proposed to be granted to him during his proposed tenure. The company currently has two ESOP schemes in force. Given the lack of clarity on stock options, we are unable to reliably estimate his aggregate remuneration. While we support his appointment on the board as a director, we are unable to support his remuneration structure.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance Concern: No absolute cap on overall remuneration.
  • Nippon India Mutual FundGovernance Concern: Skewed Remuneration

  6 for7 against
• Re-appointment of Shri. Uday Pilani Sudhir (DIN: 06572889) as an Independent Director of the Company

  ›Against Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Edelweiss Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the Director. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders not obtained for second term. Governance Concern: Poor attendance at NRC as Chairman of NRC.
  • Nippon India Mutual FundNon-Complian with law.Prior approval of shareholders not obtained for second term

  10 for3 against
• To approve the Ratification of the Employee Stock Option Scheme 2021 (“PEL ESOP 2021”)

  ›Against 360 One Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise Price or pricing formula not adequately disclosed. Governance Concern: Excessive benefits can be extended to an individual employee.
  • Aditya Birla Sun Life Mutual FundThe company proposes to provide an interest free loan subject to the statutory limit, as prescribed under the SEBI SBEB regulations, to the ESOP trust for the implementation of PEL ESOP 2025. Our view on this resolution is linked to our view on resolution #5
  • Axis Mutual FundThe company seeks approval to ratify the Premier Energies Limited – Employee Stock Options Scheme 2021 (PEL ESOP 2021) under which up to 13,948,000 options can be granted. Of these, 10,635,019 options have already been granted with the balance being available for grant. Under the PEL ESOP 2021, the exercise price per option shall be determined by the Nomination and Remuneration committee (NRC) and shall not be less than the face value per share (Re. 1). We do not have clarity on the potential exericse price. We do not support the scheme as the exercise price could be at a significant discount to current market price. Since we do not support the scheme, we do not support the resolution.
  • HDFC Mutual FundThere is lack of clarity on the pricing of ESOPs. We do not support the resolution.
  • Invesco Mutual FundThe company seeks approval to ratify the Premier Energies Limited – Employee Stock Options Scheme 2021 (PEL ESOP 2021) under which up to 13,948,000 options can be granted. Of these, 10,635,019 options have already been granted with the balance being available for grant. The overall dilution through this scheme is ~3.0% on the expanded capital base as on 31 December 2024. Under the PEL ESOP 2021, it is not clear if the vesting of options is time based, or performance based (performance metrics have not been disclosed). The exercise price per option shall be determined by the Nomination and Remuneration committee (NRC) and shall not be less than the face value per share (Re. 1). If granted at face value, it represents a discount of 99.9% on the current market price (Rs. 915.3 as on 21 March 2025). We do not favour schemes where the exercise price is at a significant discount (>20%) to the market price. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. If the stock options are granted at a significant discount, there is no alignment between the interests of investors and those of employees. We believe companies must grant stock options at market price, or the options should have a performance-based vesting with clearly defined performance metrics. Since we do not support the scheme, we do not support the resolution.
  • Kotak Mahindra Mutual FundThe company has included in the ESOP scheme that any revisions to the Exercise Price referred in sub-clause may be decided by the Board or Nomination and Remuneration Committee. The company has not adequately disclosed the Exercise Price or the pricing formula. According to the Part C of Schedule I of SEBI Regulations, 2021, the Exercise Price or a formula to determine the same must be disclosed in the Explanatory Statement. On basis of lack of clarity, voting against.
  • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
  • quant Mutual FundRelated to Premier Energy Ltd’s Employee Stock Option Scheme 2021 and 2025. #4 & #5: Non-compliant with SEBI (SBEB & SE) Regulations, 2021; exercise price or pricing formula not adequately disclosed. Governance concern: Excessive benefits can be extended to an individual employee. #6: Interlinked with resolution #5, Governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. #7 & #8: Interlinked with resolutions #4 & #5, governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. Hence, we vote against these resolutions.

  2 for11 against
• To approve the Premier Energies Limited- Employee Stock Option Scheme 2025

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Axis Mutual FundThe company seeks approval for the Premier Energies Limited – Employee Stock Options Scheme 2025 (PEL ESOP 2025) under which up to 9,015,487 options can be granted. The overall dilution through this scheme is ~1.9% on the expanded capital base as on 31 December 2024 (after considering the dilution under the first scheme). Under the PEL ESOP 2025, it is not clear if the vesting of options is time based, or performance based (performance metrics have not been disclosed). The exercise price per option shall be fixed at Rs. 900.0 per option with the flexibility of the NRC to make changes as they see fit. If NRC decides so, the exercise price could be much lower than the current market price. Hence, we do not support the scheme. Since we do not support the scheme, we do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise Price or pricing formula not adequately disclosed. Governance Concern: Excessive benefits can be extended to an individual employee.
  • HDFC Mutual FundThere is lack of clarity on the pricing of ESOPs. We do not support the resolution.
  • Invesco Mutual FundThe company seeks approval for the Premier Energies Limited – Employee Stock Options Scheme 2025 (PEL ESOP 2025) under which up to 9,015,487 options can be granted. The overall dilution through this scheme is ~1.9% on the expanded capital base as on 31 December 2024 (after considering the dilution under the first scheme). Under the PEL ESOP 2025, it is not clear if the vesting of options is time based, or performance based (performance metrics have not been disclosed). The exercise price per option shall be fixed at Rs. 900.0 per option with the flexibility of the NRC to make changes as they see fit. determined by the Nomination and Remuneration committee (NRC) and shall not be less than the face value per share (Re. 1). While we recognize that at the current market price, the discount is ~2%, however, this discount could range higher based on the increase in market price. We do not favour schemes where the exercise price is fixed or at a significant discount (>20%) to market price. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. If the stock options are granted at a significant discount, there is no alignment between the interests of investors and those of employees. We believe companies must grant stock options at market price, or the options should have a performance-based vesting with clearly defined performance metrics. Since we do not support the scheme, we do not support the resolution.
  • Kotak Mahindra Mutual FundThe company has included in the ESOP scheme that any revisions to the Exercise Price referred in sub-clause may be decided by the Board or Nomination and Remuneration Committee. The company has not adequately disclosed the Exercise Price or the pricing formula. According to the Part C of Schedule I of SEBI Regulations, 2021, the Exercise Price or a formula to determine the same must be disclosed in the Explanatory Statement. On basis of lack of clarity, voting against.
  • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
  • quant Mutual FundRelated to Premier Energy Ltd’s Employee Stock Option Scheme 2021 and 2025. #4 & #5: Non-compliant with SEBI (SBEB & SE) Regulations, 2021; exercise price or pricing formula not adequately disclosed. Governance concern: Excessive benefits can be extended to an individual employee. #6: Interlinked with resolution #5, Governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. #7 & #8: Interlinked with resolutions #4 & #5, governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. Hence, we vote against these resolutions.

  3 for9 against
• To extend Premier Energies Limited- Employee Stock Option Scheme 2025 to the eligible employees of its associate and subsidiary companies

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Aditya Birla Sun Life Mutual FundThe company seeks shareholder approval to extend the PEL ESOP 2025 to eligible employees of associates and subsidiaries. Our view on this resolution is linked to our view on resolution #5. Further, we do not support the extension of ESOP schemes to employees of associate companies.
  • Axis Mutual FundThe company seeks shareholder approval to extend the PEL ESOP 2025 to eligible employees of associates and subsidiaries. Our view on this resolution is linked to our view on resolution #5.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundInterlinked with Resolution #5, Governance & Transparency Concern: Extension of scheme to associate companies without compelling reasons / justifications.
  • HDFC Mutual FundThere is lack of clarity on the pricing of ESOPs. We do not support the resolution.
  • Invesco Mutual FundThe company seeks shareholder approval to extend the PEL ESOP 2025 to eligible employees of associates and subsidiaries. We do not support the extension of ESOP schemes to employees of associate companies. We do not support the resolution.
  • Kotak Mahindra Mutual FundWe do not identify any issue in extending the scheme to the employees of its subsidiaries as there exists control of the Company and the contribution of the subsidiaries are consolidated in the Company s performance. However, we do not favour granting stock options to employees of associate/group companies, unless compelling reasons are provided in order to adequately justify such additional cost burden or a disclosure regarding the cost being reimbursed by the respective companies to whose employees the scheme is being extended to. Moreover, our view is linked to resolution #1. Hence voting against.
  • Mahindra Manulife Mutual FundWe do not support the extension of ESOP schemes to employees of associate companies.
  • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
  • quant Mutual FundRelated to Premier Energy Ltd’s Employee Stock Option Scheme 2021 and 2025. #4 & #5: Non-compliant with SEBI (SBEB & SE) Regulations, 2021; exercise price or pricing formula not adequately disclosed. Governance concern: Excessive benefits can be extended to an individual employee. #6: Interlinked with resolution #5, Governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. #7 & #8: Interlinked with resolutions #4 & #5, governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. Hence, we vote against these resolutions.

  2 for11 against
• To approve acquisition or purchase of equity shares of the Company by way of issuance and allotment of equity shares by the Company or from secondary market or by way of both for implementation of the Premier Energies Limited - Employee Stock Option Scheme 2025MoreLess

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Axis Mutual FundThe company seeks shareholder approval to acquire shares from the company or the secondary market by the PEL ESOP Trust to implement the PEL ESOP 2025. Our view on this resolution is linked to our view on resolution #5.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundInterlinked with Resolution #4 & #5, Governance & Transparency Concern: Extension of scheme to associate companies without compelling reasons / justifications.
  • HDFC Mutual FundThere is lack of clarity on the pricing of ESOPs. We do not support the resolution.
  • Invesco Mutual FundThe company seeks shareholder approval to acquire shares from the company or the secondary market by the PEL ESOP Trust to implement the PEL ESOP 2025. We do not support the resolution.
  • Kotak Mahindra Mutual FundNo concerns are identified with regard to resolutions. However, o our view is linked to resolution #1. Hence voting against.
  • Nippon India Mutual FundGovernance Concern: Inadequate disclosure
  • quant Mutual FundRelated to Premier Energy Ltd’s Employee Stock Option Scheme 2021 and 2025. #4 & #5: Non-compliant with SEBI (SBEB & SE) Regulations, 2021; exercise price or pricing formula not adequately disclosed. Governance concern: Excessive benefits can be extended to an individual employee. #6: Interlinked with resolution #5, Governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. #7 & #8: Interlinked with resolutions #4 & #5, governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. Hence, we vote against these resolutions.

  3 for10 against
• To approve provision of funds by the Company for purchase of its own shares by the trust / trustees for implementation of Premier Energies Limited - Employee Stock Option Scheme 2025 and Premier Energies Limited - Employee Stock Option Scheme 2021MoreLess

  ›Against Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, quant Mutual Fund

  • Axis Mutual FundThe company proposes to provide an interest free loan subject to the statutory limit, as prescribed under the SEBI SBEB regulations, to the ESOP trust for the implementation of PEL ESOP 2025. Our view on this resolution is linked to our view on resolution #5
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundInterlinked with Resolution #4 & #5, Governance & Transparency Concern: Extension of scheme to associate companies without compelling reasons / justifications.
  • HDFC Mutual FundThere is lack of clarity on the pricing of ESOPs. We do not support the resolution.
  • Invesco Mutual FundThe company proposes to provide an interest free loan subject to the statutory limit, as prescribed under the SEBI SBEB regulations, to the ESOP trust for the implementation of PEL ESOP 2025. We do not support this resolution.
  • Kotak Mahindra Mutual FundNo concerns are identified with regard to resolutions. However, o our view is linked to resolution #1. Hence voting against.
  • quant Mutual FundRelated to Premier Energy Ltd’s Employee Stock Option Scheme 2021 and 2025. #4 & #5: Non-compliant with SEBI (SBEB & SE) Regulations, 2021; exercise price or pricing formula not adequately disclosed. Governance concern: Excessive benefits can be extended to an individual employee. #6: Interlinked with resolution #5, Governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. #7 & #8: Interlinked with resolutions #4 & #5, governance & transparency concern: Extension of scheme to associate companies without compelling reasons/ justifications. Hence, we vote against these resolutions.

  4 for8 against
• Approval of Material Related Party Transaction(s) of the Subsidiaries of the Company.

  ›Against Edelweiss Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, quant Mutual Fund

  • Edelweiss Mutual Fund, Motilal Oswal Mutual FundThe Proposed resolution is Non-Compliant with law: Omnibus approval sought for a duration of more than one year. Governance concern: Clubbed Resolution.
  • Kotak Mahindra Mutual FundAccording to the SEBI circular under Regulation 23 of the SEBI LODR, 2015, the law mandates that the shareholders approval of omnibus RPTs approved in an AGM shall be valid up to the date of the next AGM for a period not exceeding fifteen months. Thus, the Company should have sought shareholders omnibus approval for one year only; whereas the Company has sought for 2 Financial Years. Hence, on the basis of above analysis, voting against.
  • Nippon India Mutual FundNon-Complian with law
  • quant Mutual FundRelated to the approval of material related party transaction(s) of the subsidiaries of the company. Non-compliant with law: Omnibus approval sought for a duration of more than one year. Governance concern: Clubbed resolution.

  8 for5 against
• To consider and approve the variation in terms of objects as stated in the prospectus

  ›Against Nippon India Mutual Fund

  • Nippon India Mutual FundGovernance Concern: Inadequate disclosure

  12 for1 against