Shiprocket AGM votes and auditors

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, 2026 together with the Reports of Board of Directors and of Auditors thereon (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the Report of Auditors thereonMoreLess

  ›Against Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual Fund

  • Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, The Wealth Company Mutual FundUnqualified standalone financial statements (apart from certain non-material observations in the CARO Report). Non-Compliant with the Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of the Subsidiary Companies for FY 2025- 26 on the Company’s website.
  • PGIM India Mutual FundUnqualified standalone financial statements (apart from certain non-material observations in the CARO Report). Non-Compliant with the Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of the Subsidiary Companies for FY 2025- 26 on the Company s website.

  8 for4 against
• To appoint Saahil Goel (DIN: 05106685), as a Director, who retires by rotation and being eligible, offers himself for re-appointment.

  12 for0 against
• Appointment of Statutory Auditors in place of the retiring Statutory Auditors

  ›Against Edelweiss Mutual Fund, The Wealth Company Mutual Fund

  • Edelweiss Mutual Fund, The Wealth Company Mutual FundCompliant with the law. No concern identified on the merit of proposed auditors. Governance & Transparency Concern: The proposed audit fee is ~86% higher when compared to audit fees paid to outgoing auditors, hence there is a material change in audit fees and no justification has been provided for such material change in the proposed Audit fees.

  8 for2 against
• Appointment of Secretarial Auditors of the Company

  12 for0 against
• To approve amendments and ratification in the 'Shiprocket Employee Stock Option Plan 2016’

  ›Against Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual Fund

  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual FundNo major governance concern is identified w.r.t the proposed amendments, itself. Schemes are in Non-compliance with SEBI (SBEB & SE) Regulations, 2021: Exercise price and Exercise Period inadequately disclosed. Governance Concern: Based on the existing disclosures, excessive benefit may be extended to an individual employee; Additionally, proposed scheme provides a broad range of Vesting period, which may lead to exercise of excessive discretion by the Board or the Compensation Committee.
  • HDFC Mutual FundESOPs are being granted at a significant discount to market price. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees. We do not support the resolution.
  • Kotak Mahindra Mutual FundThe Company proposes to amend ESOP 2016 to align the scheme with SEBI regulations applicable to listed companies, remove redundant pre-listing provisions, and enhance clarity and ease of administration. The scheme permits the grant of up to 67.1 million options, of which 38.0 million options remain available for issuance through the trust route. The exercise price will be determined by the Compensation Committee, subject to a minimum of the face value of the shares. But, the company has kept vesting period one to ten years, and it may be different for different employees. The vesting period for an individual, would be decided by NRC. We do not favour differentiation between employees. Hence, we do not favour the resolution.

  3 for7 against
• To approve ratification and grant of stock options to the employees of Group Company including subsidiary, or associate company(ies), in India or outside India, of the Company under the ‘Shiprocket Employees Stock Option Scheme 2016’.MoreLess

  ›Against Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual Fund

  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual FundNon-compliance with SEBI (SBEB & SE) Regulations, 2021: Interlinked with resolution #5 and #7, respectively. Governance Concern: Benefit proposed to be extended to Group companies including Associate Company(ies) without adequate justification & no provision for reimbursement of cost to be incurred by the Company.
  • HDFC Mutual FundThe company proposes to extend the ESOP 2016 to eligible employees of its subsidiary, associate and group companies, in India or outside India. While we support the extension of the scheme to subsidiary company employees, we do not support extension of scheme to associate companies. Further, our recommendation is linked to our view on resolution #5. We do not support this resolution
  • Kotak Mahindra Mutual FundThe company proposes to extend the ESOP 2016 to eligible employees of its subsidiary, associate and group companies. We do not favour extension of scheme to associate companies. Hence, we do not favour the resolution.

  3 for7 against
• To approve ratification and grant of stock options to the employees of Group Company including subsidiary, or associate company(ies), in India or outside India, of the Company under the ‘Shiprocket Employees Stock Option Scheme 2024’.MoreLess

  ›Against Bandhan Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual Fund

  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, The Wealth Company Mutual FundNon-compliance with SEBI (SBEB & SE) Regulations, 2021: Interlinked with resolution #5 and #7, respectively. Governance Concern: Benefit proposed to be extended to Group companies including Associate Company(ies) without adequate justification & no provision for reimbursement of cost to be incurred by the Company.
  • HDFC Mutual FundThe company proposes to extend the ESOP 2024 to eligible employees of its subsidiary, associate and group companies, in India or outside India. While we support the extension of the scheme to subsidiary company employees, we do not support extension of scheme to associate companies. Further, our recommendation is linked to our view on resolution #7. We do not support this resolution.
  • Kotak Mahindra Mutual FundThe company proposes to extend the ESOP 2016 to eligible employees of its subsidiary, associate and group companies. We do not favour extension of scheme to associate companies. Hence, we do not favour the resolution.

  3 for7 against