Equitas Holdings (Delisted) MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 31 Dec 2021, 10 fund houses

• Appointment of M/s. V. Sankar Aiyar & Co, Chartered Accountants, (FRN 109208W) as Statutory Auditors of the Company

  10 for0 against
• To approve transfer of immovable properties (school infrastructure) to Equitas Development Initiatives Trust

  10 for0 against

Mutual fund votes, meeting of 12 Aug 2021, 11 fund houses

• Adoption of Financial Statements

  11 for0 against
• To appoint a Director, in the place of Mr John Alex who retires by rotation, and being eligible offers himself for re-appointment.

  11 for0 against
• To confirm and take note of the interim dividend(s) paid during the year as final dividend for FY 2020-21

  11 for0 against
• To approve charitable contribution

  ›Against HDFC Mutual Fund, SBI Mutual Fund

  • HDFC Mutual FundThe proposed contribution is high and there is no upper limit
  • SBI Mutual FundIn FY21, the company spent 3.7% of the average net profit for the last three financial years. We believe, companies should make charitable contributions within the 5% limit prescribed under section 181 of the Companies Act 2013. The tenure of the resolution is not specified, we believe companies must seek periodic shareholder approval on such resolutions.

  9 for2 against

Mutual fund votes, meeting of 10 Aug 2020, 11 fund houses

• Adoption of Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020 together with the reports of the Board of Directors and Auditors thereon.

  8 for0 against

  3 abstained

• Appointment of Mr. Bhaskar S DIN 00010000 who retires by rotation and being eligible, offers himself for re-appointment.

  8 for0 against

  3 abstained

• Appointment of Ms T R Chadha Co LLP, Chartered Accountants as Statutory Auditors of the Company

  8 for0 against

  3 abstained

• Appointment of Mr John Alex DIN 08584415 as Director

  8 for0 against

  3 abstained

• Appointment of Mr John Alex DIN 08584415 as Whole-Time Director ED CEO

  8 for0 against

  3 abstained

• Appointment of Mr Jayaraman Chandrasekaran DIN 01118392 as Independent Director

  8 for0 against

  3 abstained

• Re-appointment of Mr Rangachary N DIN 00054437 as Non-Executive Non- Independent Director

  8 for0 against

  3 abstained

• Re-appointment of Mr Rajaraman P V DIN 01658641 as Independent Director

  8 for0 against

  3 abstained

• Re-appointment of Arun Ramanathan DIN 00308848 as Independent Director

  8 for0 against

  3 abstained

Mutual fund votes, meeting of 2 Aug 2019, 15 fund houses

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

• Ordinary - Adoption of accounts

  9 for0 against

  3 abstained

• Re-appointment of Mr Bhaskar S who retires by rotation

  13 for0 against

  2 abstained

• Re-appointment of Ms Jayshree Ashwinkumar Vyas as an Independent Director

  13 for0 against

  2 abstained

Mutual fund votes, meeting of 28 Mar 2019, 10 fund houses

• 1) Approve continuation of Mr. Rangachary N as Chairman and Independent Director for the remainder of his current term ending on 6th May, 2020.

  ›Against SBI Mutual Fund

  • SBI Mutual FundRangachary N is the chairman of the company and former chairman of Central Board of Direct Taxes. Recent changes in SEBI’s LODR require directors having attained the age of 75 to be re-approved by shareholders through a special resolution. In line with this regulatory change, Rangachary N’s continuation on the board requires shareholder approval: he is 80 years old. He has been on the board since July 2007. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association with the company. If the company believes that it will benefit from him serving on the board, it must consider his continuation as a non-independent director.

  0 for1 against
• 2) Approve continuation of Mr. Yogesh Chand Nanda as an Independent Director for the remainder of his current term ending on 6th May, 2020.

  1 for0 against
• 3) Approve continuation of Mr. Rajaraman P V as an Independent Director for the remainder of his current term ending on 6th May, 2020.

  1 for0 against
• Approval for continuation of directorship of Mr Rajaraman P V as Independent Director

  0 for0 against

  1 abstained

• Approval for continuation of directorship of Mr Rangachary N as Chairman and Independent Director

  0 for0 against

  1 abstained

• Approval for continuation of directorship of Mr Yogesh Chand Nanda as Independent Director

  0 for0 against

  1 abstained

• Approve continuation of Rajaraman PV (DIN: 01658641) as an Independent Director for the remainder of his current term ending on 6 May 2020

  1 for0 against
• Approve continuation of Rangachary N (DIN: 00054437) as an Independent Director for the remainder of his current term ending on 6 May 2020

  1 for0 against
• Approve continuation of Yogesh Chand Nanda (DIN: 01643316) as an Independent Director for the remainder of his current term ending on 6 May 2020

  1 for0 against
• Approve Rajaraman P V to Continue Office as Independent Director

  1 for0 against
• Approve Rangachary N to Continue Office as Chairman and Independent Director

  1 for0 against
• Approve Yogesh Chand Nanda to Continue Office as Independent Director

  ›Against Franklin Templeton Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST Yogesh Chand Nanda is warranted as he has failed to attend at least 75 percent of last fiscal year's board and committee meetings, without satisfactory explanation.

  0 for1 against
• Continuation of Directorship of Mr Rajaraman P V, as an Independent Director

  1 for0 against
• Continuation of Directorship of Mr. Rajaraman P V (DIN 01658641), Independent Director

  4 for0 against
• Continuation of Directorship of Mr Rangachary N, Chairman and Independent Director

  1 for0 against
• Continuation of Directorship of Mr. Rangachary N (DIN 00054437), Chairman and Independent Director

  ›Against Invesco Mutual Fund

  • Invesco Mutual FundRangachary N is the chairman of the company and former chairman of Central Board of Direct Taxes. Recent changes in SEBI’s LODR require directors having attained the age of 75 to be re-approved by shareholders through a special resolution. In line with this regulatory change, Rangachary N’s continuation on the board requires shareholder approval: he is 80 years old. He has been on the board since July 2007. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association with the company. If the company believes that it will benefit from him serving on the board, it must consider his continuation as a non-independent director.

  3 for1 against
• Continuation of Directorship of Mr Yogesh Chand Nanda, as an Independent Director

  1 for0 against
• Continuation of Directorship of Mr. Yogesh Chand Nanda (DIN 01643316), Independent Director

  4 for0 against
• To approve Continuation of Directorship of Mr Rajaraman P V (DIN 01658641), Independent Director for the remaining period of his tenure upto May 6, 2020, as he has attained the age of 75 years.

  1 for0 against
• To approve Continuation of Directorship of Mr Rangachary N (DIN 00054437), Chairman and Independent Director for the remaining period of his tenure upto May 6, 2020, as he has attained the age of 75 years..MoreLess

  1 for0 against
• To approve Continuation of Directorship of Mr Yogesh Chand Nanda (DIN 01643316), Independent Director for the remaining period of his tenure upto May 6, 2020, as he has attained the age of 75 years.

  1 for0 against

Mutual fund votes, meeting of 27 Jul 2018, 11 fund houses

• 1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2018 and the Reports of the Directors and Auditors thereon.

  1 for0 against
• 2) Re-appoint Mr. Bhaskar S as a Director.

  1 for0 against
• 3) Ratify appointment of M/s. S. R. Batliboi & Associates LLP as Statutory Auditors and fix their remuneration.

  1 for0 against
• 4) Appoint Mr. Viswanatha Prasad S as an Independent Director for a period of five years w.e.f 26th October, 2017.

  1 for0 against
• Accept Financial Statements and Statutory Reports

  1 for0 against
• Adoption of Financial Statements

  5 for0 against

  1 abstained

• Adoption of Financial Statements of the Company

  0 for0 against

  1 abstained

• Adoption of standalone and consolidated financial statements for the year ended 31 March 2018

  1 for0 against
• Appoint Viswanatha Prasad S as an Independent Director for a period of five years w.e.f 26 October 2017

  1 for0 against
• Appointment of Mr Bhaskar S (DIN : 02360919) as a Director liable to retire by rotation

  4 for0 against

  1 abstained

• Appointment of Mr. Viswanatha Prasad S as an Independent Director for a period of 5 years w.e.f. October 26, 2017

  0 for0 against

  1 abstained

• Appointment of Mr Viswanatha Prasad S as Independent Director

  1 for0 against
• Appointment of Mr Viswanatha Prasad S (DIN : 00574928) as Independent Director of the Company

  ›Against LIC Mutual Fund

  • LIC Mutual FundGovernance concern. Independence may vitiate due to longer association

  3 for1 against

  1 abstained

• Approve S R Batliboi & Associates LLP, Chartered Accountants, Chennai as Auditors and Authorize Board to Fix Their Remuneration

  1 for0 against
• Elect Viswanatha Prasad S as Director

  1 for0 against
• Ratification of appointment of Auditors

  1 for0 against
• Ratification of appointment of M/s S R Batliboi & Associates LLP as Statutory Auditors of the Company till the conclusion of 12th Annual General Meeting

  4 for0 against

  1 abstained

• Ratification of appointment of M/s S R Batliboi & Associates LLP, Chartered Accountants as Statutory Auditors and to fix their remuneration

  0 for0 against

  1 abstained

• Ratify S. R. Batliboi & Associates LLP as statutory auditors for FY19

  1 for0 against
• Re-appointment of Mr. Bhaskar S, director retiring by rotation

  0 for0 against

  1 abstained

• Reappoint Bhaskar S as a Director

  1 for0 against
• Reelect Bhaskar S as Director

  1 for0 against
• To appoint a Director in place of Mr Bhaskar S (DIN 02360919), who retires by rotation and being eligible, offers himself for re-appointment

  1 for0 against
• To appoint a Director in place of Mr Bhaskar S, who retires by rotation and being eligible, offers himself for re-appointment

  1 for0 against
• To appoint Mr Viswanatha Prasad S (DIN 00574928) as Independent Director of the Company not liable to retire by rotation, for a period of five years with effect from October 26, 2017

  1 for0 against
• To approve and adopt the Boards' Report, The Statement of Profit and Loss and the Cash Flow Statement for the Financial Year ended March 31, 2018 and the Balance Sheet as at that date, including the Consolidated Financial Statements, together with the Independent Auditors’ ReportMoreLess

  1 for0 against
• To ratify appointment of M/s S R Batliboi & Associates LLP, (Firm Registration No. 101049W/E300004), Chartered Accountants, Chennai, as Statutory Auditors of the Company & to fix their remuneration

  1 for0 against