Andhra Bank (Delisted) MD, chairman, board of directors and AGM

BSE: 532418

Last traded ₹9.10 on 19 Mar 2020

Delisted on 27 May 2020.

Andhra Bank AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Andhra Bank share news and announcements

Extraordinary general meeting, 26 Feb 2020

Present: 1 promoter and 166 others.The company's voting result (opens in a new tab)

  1. TO APPROVE RAISING OF CAPITAL BY ISSUANCE OF EQUITY SHARES BY WAY OF PREFERENTIAL ALLOTMENT TO GOVERNMENT OF INDIA - Issuing and allotting 11,10,49,416 equity shares to Government of India
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.64%

    Turnout: all 91.55% · promoters 100.00% · institutions 91.12% · other public 0.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jul 2019, 1 resolution

Present: 1 promoter and 459 others.The company's voting result (opens in a new tab)

  1. To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March, 2019, Profit and Loss Account for the year ended 31st March, 2019, the report of Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors's Report on the Balance Sheet and Accounts.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 91.19% · promoters 100.00% · institutions 77.43% · other public 0.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Sep 2018, 2 resolutions

Present: 1 promoter and 79 others.The company's voting result (opens in a new tab)

  1. Raising of Capital by allotment of equity shares to Government of India on Preferential basis
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.22%

    Turnout: all 88.10% · promoters 100.00% · institutions 88.79% · other public 1.82%

  2. Issue of Shares to Employees and Whole Time Directors of the Bank
    Special
    98.67% for1.33% against

    Against: promoters 0.00% · institutions 11.83% · other public 0.30%

    Turnout: all 88.10% · promoters 100.00% · institutions 88.79% · other public 1.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 26 Feb 2020, 1 fund house

  • TO APPROVE RAISING OF CAPITAL BY ISSUANCE OF EQUITY SHARES BY WAY OF PREFERENTIAL ALLOTMENT TO GOVERNMENT OF INDIA - Issuing and allotting 11,10,49,416 equity shares to Government of India
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 29 Jul 2019, 1 fund house

  • To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March, 2019, Profit and Loss Account for the year ended 31st March, 2019, the report of Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors's Report on the Balance Sheet and Accounts.MoreLess
    0 for0 against

    1 abstained

6 earlier meetings

Mutual fund votes, meeting of 22 Mar 2019, 1 fund house

  • To create, offer, issue & allot upto 1145672061 equity shares of Rs.10/- each to the president of india acting behalf of the government of india at Rs. 28.42/- per equity share including premium of Rs. 18.42 per equity share, aggregating upto Rs. 3256 Cr.MoreLess
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 19 Sep 2018, 4 fund houses

  • Raising of Capital by allotment of equity shares to Government of India on Preferential basis
    2 for0 against

    2 abstained

  • Issue of Shares to Employees and Whole Time Directors of the Bank
    2 for0 against

    2 abstained

Mutual fund votes, meeting of 9 Jul 2018, 5 fund houses

  • Adoption of financial statements for the year ended 31 March 2018
    1 for0 against
  • Adoption of Financial Statements of the Company
    0 for0 against

    1 abstained

  • Approval for further issue of securities
    0 for0 against

    1 abstained

  • Approve fund raising through qualified institutional placement and/or follow on public offering
    1 for0 against
  • Raising of capital through Qualified Institutional Placement to Qualified Institutional Buyers, Follow-on Public Offer, etc.
    1 for0 against
  • To Discuss, Approve and Adopt the Audited Balance Sheet of the Bank as at 31st March, 2018, Profit & Loss Account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts;MoreLess
    1 for0 against

    1 abstained

  • To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March 2018, Profit & Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
    1 for0 against
  • To further issue securities
    0 for0 against

    1 abstained

  • To raise Capital through FPO/Rights/QIP etc.
    1 for0 against

Mutual fund votes, meeting of 12 Mar 2018, 5 fund houses

  • Approval for election of Two Shareholder Directors of the Bank
    0 for0 against

    1 abstained

  • Election of TWO Shareholder Directors of the Bank
    0 for0 against

    1 abstained

  • Issue of Equity Shares on Preferential Basis to Government of India (GoI) upto Rs.1,890 Crore.
    1 for0 against
  • Raising of Capital by issuance of equity shares by way of Preferential Allotment to Government of India (GOI)
    1 for0 against
  • To elect Two Directors from amongst Shareholders of the Bank other than the Central Governmenet
    1 for0 against
  • To elect Two Directors of the Bank from amongst the Shareholders of the Bank other than the Central Government
    0 for0 against

    1 abstained

  • To elect two shareholder directors from amongst the public shareholders of the bank
    0 for0 against

    1 abstained

  • To issue up to 135.95 mn equity shares at an issue price of Rs. 57.97 per share, aggregating up to Rs. 48.65 bn to the Government of India (GoI) on preferential basis
    1 for0 against

Mutual fund votes, meeting of 21 Jul 2017, 2 fund houses

  • To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March, 2017, Profit & Loss Account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.MoreLess
    1 for0 against

    1 abstained

Mutual fund votes, meeting of 6 May 2017, 2 fund houses

  • Raising of capital by issuance of equity shares by way of preferential allotment to Government of India
    0 for0 against

    1 abstained

  • Raising of capital by issuance of equity shares by way of preferential allotment to Government of India : To create, offer, issue and allot upto 19,16,37,630 equity shares of Rs.10/- each for cash at Rs. 57.40p per equity share including premium of Rs. 47.40p per equity share as determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations and aggregating upto Rs.1100 Crore on preferential basis to Government of India (President of India)MoreLess
    0 for0 against

    1 abstained

  • Raising of capital through Qualified Institutional Placement, Follow on Public Offer, etc.
    0 for0 against

    2 abstained

Each fund house counted once, from its own disclosure; the reasons are its own words.