Bharat Petroleum Corporation CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 28 Apr 2026, 37 fund houses

• Approval of Material Related Party Transaction(s) to be entered into with Petronet LNG Limited for the Financial Year 2026-27

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance & Transparency concern: Inadequate disclosure on basis of arms’ length pricing, hence fairness of the proposed transaction cannot be ascertained.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency concern: Inadequate disclosure on basis of arms’ length pricing, hence fairness of the proposed transaction cannot be ascertained
  • PGIM India Mutual FundCompliant with law. Governance & Transparency concern: Inadequate disclosure on basis of arms length pricing, hence fairness of the proposed transaction cannot be ascertained
  • PPFAS Mutual FundInadequate disclosures on the basis of arm's length pricing

  29 for8 against

Mutual fund votes, meeting of 25 Aug 2025, 35 fund houses

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

• To receive, consider and adopt (a) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2025 (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025; and the Reports of the Board of Directors, the Statutory Auditors and the Comments of the Comptroller & Auditor General of India thereon.MoreLess

  33 for0 against
• To confirm the payment of Interim Dividend and to declare a Final Dividend on Equity Shares for the Financial Year ended March 31, 2025.

  34 for0 against
• To appoint a Director in place of Shri Rajkumar Dubey, Director (DIN: 10094167), who retires by rotation and being eligible, offers himself for reappointment.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Rajkumar Dubey is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.

  25 for9 against
• To authorize the Board of Directors of the Company to fix the remuneration of the Joint Statutory Auditors of the Company for the Financial Year 2025-26 in terms of the provisions of Section 139(5) read with Section 142 of the Companies Act, 2013.MoreLess

  34 for0 against
• Approval of Remuneration of the Cost Auditors for the Financial Year 2025-26

  34 for0 against
• Appointment of Secretarial Auditor

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundTransparency & Governance Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change if any.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency & Governance Concern: The Company has not disclosed the audit fee paid to outgoing Auditor and if there is any material change in the proposed audit fee and justification for material change if any.
  • Helios Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.

  26 for8 against
• Appointment of Shri Pradeep Vishambhar Agrawal as Independent Director

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous, Holding two full time positions.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law, Holding two full time positions.
  • Helios Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law, Holding two full time positions.

  27 for8 against
• Appointment of Shri Gopal Krishan Agarwal as Independent Director

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • Canara Robeco Mutual FundGopal Krishan Agarwal, 63, was a Member of Board of Governors at the Indian Institute of Corporate Affairs (IICA) and a member of the Task Force on MSME by Ministry of Finance and Government Nominee on Central Council of the Institute of Company Secretaries of India (ICSI). He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he has political affiliation. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Gopal Krishan Agarwal is associated with a political party, and the presence of director with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • HSBC Mutual FundGopal Krishan Agarwal and Bhagwati Prasad Saraswat are associated with a political party, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • Invesco Mutual FundGopal Krishan Agarwal, 63, was a Member of Board of Governors at the Indian Institute of Corporate Affairs (IICA) and a member of the Task Force on MSME by Ministry of Finance and Government Nominee on Central Council of the Institute of Company Secretaries of India (ICSI). He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he is affiliated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual FundGopal Krishan Agarwal, 63, was a Member of Board of Governors at the Indian Institute of Corporate Affairs (IICA) and a member of the Task Force on MSME by Ministry of Finance and Government Nominee on Central Council of the Institute of Company Secretaries of India (ICSI). He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he is affiliated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • UTI Mutual FundPublic sources suggest he is politically affiliated.
  • WhiteOak Capital Mutual FundGopal Krishan Agarwal, 63, was a Member of Board of Governors at the Indian Institute of Corporate Affairs (IICA) and a member of the Task Force on MSME by Ministry of Finance and Government Nominee on Central Council of the Institute of Company Secretaries of India (ICSI). Considering the lack of relevant experience and financial background and considering the current board profile, we recommend voting against. We do not support the resolution.

  16 for19 against
• Appointment of Prof. Bhagwati Prasad Saraswat as Independent Director

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval,Term of appointment is ambiguous.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments, Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • Canara Robeco Mutual FundDr. Bhagwati Prasad Saraswat, 65, is Vice Chancellor, University of Kota, Rajasthan. Formerly he was Dean and Head of Department of Commerce, Maharshi Dayanand Saraswati University, Ajmer. He has over thirty-eight years of experience in teaching. He is former Director of Center for Entrepreneurship and Small Business Management, Maharshi Dayanand Saraswati University. He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he has political affiliation. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Bhagwati Prasad Saraswat is associated with a political party, and the presence of director with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • HSBC Mutual FundGopal Krishan Agarwal and Bhagwati Prasad Saraswat are associated with a political party, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • Invesco Mutual FundDr. Bhagwati Prasad Saraswat, 65, is Vice Chancellor, University of Kota, Rajasthan. Formerly he was Dean and Head of Department of Commerce, Maharshi Dayanand Saraswati University, Ajmer. He has over thirty-eight years of experience in teaching. He is former Director of Center for Entrepreneurship and Small Business Management, Maharshi Dayanand Saraswati University. He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he is affiliated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval, Term of appointment is ambiguous and against spirit of the law.
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law.
  • NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual FundDr. Bhagwati Prasad Saraswat, 65, is Vice Chancellor, University of Kota, Rajasthan. Formerly he was Dean and Head of Department of Commerce, Maharshi Dayanand Saraswati University, Ajmer. He has over thirty-eight years of experience in teaching. He is former Director of Center for Entrepreneurship and Small Business Management, Maharshi Dayanand Saraswati University. He has served as Independent Director of the company for three years from 12 November 2021 to 11 November 2024. He has attended all five (100%) board meetings held in FY25 during his tenure. As per public sources, he is affiliated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicise the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • UTI Mutual FundPublic sources suggest he is politically affiliated.
  • WhiteOak Capital Mutual FundDr. Bhagwati Prasad Saraswat, 65, is Vice Chancellor, University of Kota, Rajasthan. Formerly he was Dean and Head of Department of Commerce, Maharshi Dayanand Saraswati University, Ajmer. He has over thirty-eight years of experience in teaching. Considering the lack of relevant experience and financial background and considering the current board profile, we recommend voting against. We do not support the resolution.

  16 for19 against
• Appointment of Shri Asheesh Joshi as Director

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual Fund, Nippon India Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Asheesh Joshi is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • Invesco Mutual FundAsheesh Joshi, 48, is an IAS Officer of 2006 batch. He is the Joint Secretary to the Ministry of Petroleum & Natural Gas. Previously, he was Secretary (Additional Charge) of Drinking Water & Sanitation Department, Govt. of Uttarakhand. He has held the position of District Magistrate and worked in various Departments such as Housing, Home, Agriculture, Finance, Land Revenue, Planning, Energy, Tourism and Rural Development in the Government of Uttarakhand. He is liable to retire by rotation. While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the Ministry of Petroleum & Natural Gas to first address the board composition, before appointing its nominees to the board. We do not support the resolution
  • NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual FundAsheesh Joshi, 48, is an IAS Officer of 2006 batch. He is the Joint Secretary to the Ministry of Petroleum & Natural Gas. Previously, he was Secretary (Additional Charge) of Drinking Water & Sanitation Department, Govt. of Uttarakhand. He has held the position of District Magistrate and worked in various Departments such as Housing, Home, Agriculture, Finance, Land Revenue, Planning, Energy, Tourism and Rural Development in the Government of Uttarakhand. He is liable to retire by rotation. While his appointment is in line with statutory requirements, we are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We expect the Ministry of Petroleum & Natural Gas to first address the board composition, before appointing its nominees to the board. We do not support the resolution.
  • WhiteOak Capital Mutual FundAsheesh Joshi, 48, is an IAS Officer of 2006 batch. We are unable to support the resolution because the board composition is not compliant with regulations on independent director representation. We do not support the resolution.

  19 for16 against
• Appointment of Shri Subhankar Sen as Director (Marketing)

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Subhankar Sen is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.

  26 for9 against
• Approval of Material Related Party Transaction to be entered with BPRL International B.V. (BIBV), a step down wholly owned subsidiary of BPCL to provide Senior Debt to Mozambique LNG1 Financing Company Limited (Offshore Borrower) and issuance of Sponsor Guarantee by BPCL to Offshore Borrower w.r.t. Senior DebtMoreLess

  34 for0 against
• Approval of Material Related Party Transactions of BPRL Venture Mozambique BV, a step down wholly owned subsidiary of BPCL during the Financial Year 2025-26

  34 for0 against

Mutual fund votes, meeting of 29 Mar 2025, 30 fund houses

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

• Approval of Material Related Party Transaction(s) to be entered into with Falcon Oil & Gas B.V. for the Financial Year 2025-26

  ›Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm’s Length cannot be determined due to inadequate disclosures.
  • LIC Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm s Length cannot be determined due to inadequate disclosures.
  • PPFAS Mutual FundInadequate Disclosures w.r.t. Arm’s Length basis

  24 for6 against
• Approval of Material Related Party Transaction(s) to be entered into with Indraprastha Gas Limited for the Financial Year 2025-26

  ›Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm’s Length cannot be determined due to inadequate disclosures.
  • LIC Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm s Length cannot be determined due to inadequate disclosures.
  • PPFAS Mutual FundInadequate Disclosures w.r.t. Arm’s Length basis

  24 for6 against
• Approval of Material Related Party Transaction(s) to be entered into with Indraprastha Gas Limited for the Financial Year 2025-26

  ›Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm’s Length cannot be determined due to inadequate disclosures.
  • LIC Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm s Length cannot be determined due to inadequate disclosures.
  • PPFAS Mutual FundInadequate Disclosures w.r.t. Arm’s Length basis

  23 for6 against
• Approval of Material Related Party Transaction(s) to be entered into with Petronet LNG Limited for the Financial Year 2025-26

  ›Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm’s Length cannot be determined due to inadequate disclosures.
  • LIC Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm s Length cannot be determined due to inadequate disclosures.
  • PPFAS Mutual FundInadequate Disclosures w.r.t. Arm’s Length basis

  24 for6 against
• Approval of Material Related Party Transaction(s) to be entered into with Sabarmati Gas Limited for the Financial Year 2025-26

  ›Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm’s Length cannot be determined due to inadequate disclosures.
  • LIC Mutual FundCompliant with law. Governance & Transparency Concern: Basis of Arm s Length cannot be determined due to inadequate disclosures.
  • PPFAS Mutual FundInadequate Disclosures w.r.t. Arm’s Length basis

  24 for6 against
• Approval of Material Related Party Transaction to be entered into for conversion of loan given by BPRL Ventures BV to IBV Brazil Petroleo Limitada into quotas (equity) of IBV Brazil Petroleo Limitada

  30 for0 against

Mutual fund votes, meeting of 30 Aug 2024, 31 fund houses

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

• To receive, consider and adopt (a) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2024 (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024; and the Reports of the Board of Directors, the Statutory Auditors and the Comments of the Comptroller & Auditor General of India thereon.MoreLess

  30 for0 against
• To confirm the payment of Interim Dividend and to declare a Final Dividend on Equity Shares for the Financial Year ended March 31, 2024.

  30 for0 against
• To appoint a Director in place of Shri Vetsa Ramakrishna Gupta, Director (DIN: 08188547), who retires by rotation and being eligible, offers himself for reappointment.

  ›Against Bajaj Finserv Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Bajaj Finserv Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number Independent Directors.
  • HSBC Mutual FundA vote AGAINST the following nominees warranted because: • The board independence norms are not met and Vetsa Ramakrishna Gupta and Acharath Parakat Mahalil Mohamed Hanish are non-independent director nominees
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs.

  24 for6 against
• To authorize the Board of Directors of the Company to fix the remuneration of the Joint Statutory Auditors of the Company for the Financial Year 2024-25 in terms of the provisions of Section 139(5) read with Section 142 of the Companies Act, 2013.MoreLess

  29 for0 against
• nApproval of Remuneration of the Cost Auditors for the Financial Year 2024-25.n

  3 for0 against
• Appointment of Shri Acharath Parakat Mahalil Mohamedhanish as Director.

  ›Against 360 One Mutual Fund, Axis Mutual Fund, Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual FundA.P.M. Mohamedhanish, 55 is an IAS officer. He is presently serving as Principal Secretary, Industry, Commerce and Waqf Departments in Government of Kerala. He has also held the position of District Collector & District Magistrate, Ernakulam, Chairman & Managing Director, Supply Co, Managing Director, Kochi Metro Rail Ltd. He is liable to retire by rotation. While his appointment is in line with statutory requirements, we are unable to support his appointment on the board as the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing/reappointing their nominees on the board
  • Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Sundaram Mutual FundA.P.M. Mohamedhanish, 55 is an IAS officer. He is presently serving as Principal Secretary, Industry, Commerce and Waqf Departments in Government of Kerala. He has also held the position of District Collector & District Magistrate, Ernakulam, Chairman & Managing Director, Supply Co, Managing Director, Kochi Metro Rail Ltd. He is liable to retire by rotation. While his appointment is in line with statutory requirements, we are unable to support his appointment on the board as the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing/reappointing their nominees on the board.
  • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number Independent Directors.
  • HSBC Mutual FundA vote AGAINST the following nominees warranted because: • The board independence norms are not met and Vetsa Ramakrishna Gupta and Acharath Parakat Mahalil Mohamed Hanish are non-independent director nominees
  • Invesco Mutual FundMr. Mohamedhanish, 55 is an IAS officer. He is presently serving as Principal Secretary, Industry, Commerce and Waqf Departments in Government of Kerala. He has also held the position of District Collector & District Magistrate, Ernakulam, Chairman & Managing Director, Supply Co, Managing Director, Kochi Metro Rail Ltd. He is liable to retire by rotation. While his appointment is in line with statutory requirements, we are unable to support his appointment on the board as the board composition is not compliant with regulations on independent director representation. We expect the ministry to first address the board composition, before appointing/reappointing their nominees on the board.
  • Nippon India Mutual FundBoard is non-compliant with the requirement of requisite number Independent Directors.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs.

  15 for14 against

Mutual fund votes, meeting of 10 Jun 2024, 32 fund houses

• Issue of Bonus shares

  32 for0 against

Mutual fund votes, meeting of 27 Mar 2024, 31 fund houses

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

• Approval to amend the object clause of the Memorandum of Association of the Company

  30 for0 against
• Approval of Material Related Party Transaction(s) to be entered into with Falcon Oil and Gas B.V. for the Financial Year 2024-25

  30 for0 against
• Approval of Material Related Party Transaction(s) to be entered into with Indraprastha Gas Limited for the Financial Year 2024-25

  30 for0 against
• Approval of Material Related Party Transaction(s) to be entered into with Petronet LNG Limited for the Financial Year 2024-25

  30 for0 against
• Approval of Material Related Party Transaction(s) to be entered into with Sabarmati Gas Limited for the Financial Year 2024-25

  30 for0 against
• Approval of Material Related Party Transactions to be entered into for transfer of relevant Golfinho-Atum project assets held by BPRL Venture Mozambique BV, a step down wholly owned subsidiary of BPCL to Moz LNG1 AssetCo Limitada during the Financial Year 2024-25MoreLess

  30 for0 against