Apollo Tyres MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 31 Jul 2025, 22 fund houses

• To consider and adopt: a)the audited standalone financial statement of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon; and b)the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and report of Auditors thereon.MoreLess

  22 for0 against
• To declare the final dividend of ₹5.00 per equity share for the financial year ended March 31, 2025

  22 for0 against
• To appoint a Director in place of Mr. Francesco Gori (DIN: 07413105), who retires by rotation and being eligible, offers himself for re-appointment.

  ›Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Mr. Francesco Gori is member of Nomination & Remuneration Committee and the Board is non-compliant with regard to retirement by rotation and accordingly, Nomination & Remuneration Committee member should be responsible for the prevailing non-compliance on the Board.
  • Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance concern: Mr. Francesco Gori is member of NRC and the Board is non-compliant with regard to retirement by rotation provision under Section 152 of the Companies Act, 2013 and accordingly, NRC member should be responsible for the prevailing non-compliance on the Board.

  16 for6 against
• CONTINUATION OF MR. FRANCESCO GORI (DIN: 07413105) AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR

  ›Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Mr. Francesco Gori is member of Nomination & Remuneration Committee and the Board is non-compliant with regard to retirement by rotation and accordingly, Nomination & Remuneration Committee member should be responsible for the prevailing non-compliance on the Board.
  • Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance concern: Mr. Francesco Gori is member of NRC and the Board is non-compliant with regard to retirement by rotation provision under Section 152 of the Companies Act, 2013 and accordingly, NRC member should be responsible for the prevailing non-compliance on the Board.

  16 for6 against
• RATIFICATION OF PAYMENT OF REMUNERATION TO COST AUDITORS FOR THE FINANCIAL YEAR 2025-26

  22 for0 against
• APPOINTMENT OF M/S. DMK ASSOCIATES, PRACTISING COMPANY SECRETARIES AS SECRETARIAL AUDITORS OF THE COMPANY

  ›Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundTransparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
  • Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.

  17 for5 against

Mutual fund votes, meeting of 16 Apr 2025, 24 fund houses

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

• Re-appointment of Mr. Francesco Crispino (DIN:00935998) as an Independent Director

  24 for0 against
• Approval of Apollo Tyres Limited Employees Stock Option Scheme – 2025

  19 for0 against
• Approval of grant of Options to the employees of Subsidiary Company(ies), in India or outside India, under Apollo Tyres Limited Employees Stock Option Scheme – 2025

  19 for0 against
• Approval for the acquisition of Equity Shares by way of secondary acquisition under Apollo Tyres Limited Employees Stock Option Scheme - 2025

  19 for0 against
• Approval for provision of loan by the Company for purchase of its own shares by the trust / trustees for the benefit of employees under Apollo Tyres Limited Employees Stock Option Scheme – 2025

  24 for0 against

Mutual fund votes, meeting of 15 Jan 2025, 19 fund houses

• Private Placement of Non-Convertible Debentures

  19 for0 against

Mutual fund votes, meeting of 25 Jul 2024, 21 fund houses

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

• To consider and adopt: a. the audited financial statement of the Company for the financial year ended March 31, 2024, the nreports of the Board of Directors and Auditors thereon; and b. the audited consolidated financial statement of the Company for the financial year ended March 31, n2024 and report of Auditors thereon.MoreLess

  19 for0 against
• To declare the final dividend of ₹ 6.00 per equity share for the financial year ended March 31, 2024.

  20 for0 against
• To appoint a Director in place of Mr. Sunam Sarkar (DIN: 00058859), who retires by rotation and being neligible, offers himself for re-appointment.

  20 for0 against
• RATIFICATION OF PAYMENT OF REMUNERATION TO COST AUDITORS FOR THE nFINANCIAL YEAR 2024-25.

  1 for0 against
• APPOINTMENT OF MR. SUMIT DAYAL (DIN: 10248835) AS AN INDEPENDENT DIRECTOR

  20 for0 against
• APPOINTMENT OF MR. BERJIS DESAI, (DIN: 00153675) AS AN INDEPENDENT DIRECTOR

  ›Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Proposed appointment will result in excessive time commitments.
  • PPFAS Mutual FundProposed appointment will result in excessive time commitments
  • Zerodha Mutual FundGovernance Concern: Proposed appointment will result in excessive time commitments.

  15 for5 against
• APPOINTMENT OF MR. GAURAV KUMAR (DIN: 10196754) AS A WHOLE-TIME DIRECTOR

  20 for0 against

Mutual fund votes, meeting of 11 Aug 2023, 1 fund house

• APPOINTMENT OF MR. HIRANAND SAVLANI (DIN 07023661), AS THE WHOLE TIME DIRECTOR, DESIGNATED AS WHOLE TIME DIRECTOR AND CHIEF FINANCIAL OFFICER OF COMPANY.

  ›Against Sundaram Mutual Fund

  • Sundaram Mutual FundAPPOINTMENT OF MR. HIRANAND SAVLANI (DIN 07023661), AS THE WHOLE TIME DIRECTOR, DESIGNATED AS WHOLE TIME DIRECTOR AND CHIEF FINANCIAL OFFICER OF COMPANY.

  0 for1 against
• APPOINTMENT OF MR. KAIRAV ENGINEER (DIN 03383621), AS THE WHOLE TIME DIRECTOR OF COMPANY.

  1 for0 against
• APPOINTMENT OF MS. V. H. SAVALIYA AND ASSOCIATES, (FRN 100346) AS COST AUDITOR FOR THE FY ENDING MARCH 31, 2024

  1 for0 against
• RE APPOINTMENT OF MRS. KAUSHAL NAKRANI (DIN 08405226) AS AN INDEPENDENT DIRECTOR OF COMPANY.

  1 for0 against
• TO CONFIRM INTERIM DIVIDEND DECLARED BY THE BOARD OF DIRECTORS AND TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FY ENDED ON MARCH 31, 2023.

  1 for0 against
• TO CONSIDER RE APPOINTMENT OF MRS. JAGRUTI S. ENGINEER (DIN 00067276), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE APPOINTMENT.

  1 for0 against
• TO RECEIVE, CONSIDER AND ADOPT THE AUDITED AND CONSOLIDATED FINANCIAL STATEMENTS OF COMPANY FOR THE FY ENDED MARCH 31, 2023, TOGETHER WITH THE REPORTS OF BOARD OF DIRECTORS AND AUDITORS THEREON

  1 for0 against

Mutual fund votes, meeting of 2 Aug 2023, 17 fund houses

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

• To consider and adopt (a) the audited financial statement of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statement of the Company for the year ended March 31, 2023 and report of Auditors thereon.MoreLess

  16 for0 against
• To declare final dividend of Rs. 4.00 per equity share and a Special Dividend Re.0.50 per equity share, for the financial year ended March 31, 2023.

  16 for0 against
• To appoint a Director in place of Mr. Francesco Gori (DIN: 07413105), who retires by rotation and being eligible, offers himself for re-appointment.

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundA vote AGAINST the following nominees is warranted because: The board independence norms are not met (after reclassification) and Francesco Gori, Vishal Kashyap Mahadevia and Onkar Kanwar are non-independent director nominees.

  16 for1 against
• To appoint a Director in place of Mr. Vishal Mahadevia (DIN: 01035771), who retires by rotation and being eligible, offers himself for re-appointment.

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundA vote AGAINST the following nominees is warranted because: The board independence norms are not met (after reclassification) and Francesco Gori, Vishal Kashyap Mahadevia and Onkar Kanwar are non-independent director nominees.

  16 for1 against
• Ratification of payment of remuneration to Cost Auditor for the financial year 2023-2024.

  16 for0 against
• Fixation of tenure of Mr. Onkar Kanwar (DIN : 00058921) as a Non-Executive Director designated as Chairman

  ›Against Bandhan Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: NED chairman is related to Managing director of the company.
  • HSBC Mutual FundA vote AGAINST the following nominees is warranted because: The board independence norms are not met (after reclassification) and Francesco Gori, Vishal Kashyap Mahadevia and Onkar Kanwar are non-independent director nominees.

  14 for3 against
• Re-appointment of Mr. Neeraj Kanwar (DIN : 00058951) as Managing Director

  ›Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed remuneration

  15 for2 against
• Payment of remuneration to Mr. Neeraj Kanwar (DIN : 00058951) as Managing Director

  ›Against Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, SBI Mutual Fund

  • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Skewed remuneration
  • Bank of India Mutual Fund, SBI Mutual FundIn FY23, he received Rs. 284.1 mn, which was 237x the median employee remuneration. His proposed overall remuneration is broadly capped at 4% of net profits. Based on previous years, he has received remuneration of up to 3.5% of standalone profits before tax. Accordingly, we estimate his remuneration for FY24 at Rs. 357.2 mn. His proposed remuneration is slightly high and not commensurate with the size and scale of the company. Further, we note that from FY20, his remuneration has aggregated 3.5% of standalone profits. Based on the pattern of previous remuneration, we believe Neeraj Kanwar will receive 4% of profits as remuneration, which is high, and which he will receive even if profits are inadequate.
  • Edelweiss Mutual FundRemuneration isnt justified to be fixed for next 5 years without performance criterias being qualified.
  • HDFC Mutual FundThe proposed remuneration is high considering the size and complexity of the business
  • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: There is lack of sufficient justification to exceed the regulatory thresholds for remuneration. Neeraj Kanwar's proposed remuneration structure is open-ended as the board retains significant discretion in determining his pay outcomes in form of increments to salary, allowances and perquisites. Although, the commission element is capped at 4 percent of net profits, there are no disclosures on the threshold and target performance that he needs to achieve to determine the commission element.
  • ICICI Prudential Mutual FundIn FY2023, Mr. Neeraj Kanwar received Rs. 284.1 mn, which was 237x the median employee remuneration. His proposed overall remuneration is broadly capped at 4% of net profits. His proposed remuneration is slightly high and not commensurate with the size and scale of the company. The overall maximum remuneration as 4% of profits calculated as per Sec 198 Companies Act is high, and which he will receive the same even if profits are inadequate. Hence the AMC has voted against the resolution.
  • Invesco Mutual FundIn FY23, he received Rs. 284.1 mn, which was 237x the median employee remuneration. His proposed overall remuneration is broadly capped at 4% of net profits. Based on previous years, he has received remuneration of up to 3.5% of standalone profits before tax. Accordingly, we estimate his remuneration for FY24 at Rs. 357.2 mn. His proposed remuneration is slightly high and not commensurate with the size and scale of the company. Further, we note that from FY20, his remuneration has aggregated 3.5% of standalone profits. Based on the pattern of previous remuneration, we believe Neeraj Kanwar will receive 4% of profits as remuneration, which is high, and which he will receive even if profits are inadequate
  • Nippon India Mutual FundSkewed Remuneration
  • NJ Mutual FundGovernance concern: Skewed remuneration

  5 for11 against
• Re-appointment of Mr. Satish Sharma (DIN: 07527148) as Whole Time Director

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundA vote AGAINST the following nominees is warranted because: The board independence norms are not met (after reclassification) and Satish Sharma is a non-independent director nominee.

  15 for1 against
• Payment of remuneration to Mr. Satish Sharma (DIN: 07527148) as Whole Time Director

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: Satish Sharma's proposed remuneration structure is open-ended as the board retains significant discretion in determining his pay outcomes in form of increments to salary, allowances and perquisites. Although, the commission element is capped at 1.5 percent of net profits, there are no disclosures on the threshold and target performance that he needs to achieve to determine the commission element.

  15 for1 against