Future Retail MD, chairman, board of directors and AGM

BSE: 540064Retailing

Trading suspended since 2 Aug 2024

Last traded ₹2.28 on 1 Aug 2024

Future Retail 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.Future Retail share news and announcements

Meeting called by the tribunal, 20 Apr 2022

Present: 10 promoters and 105 others.The company's voting result (opens in a new tab)

  1. To consider and approve the Composite Scheme of Arrangement between the Company, other Transferor companies and the Transferee company of Future Group and Reliance Group entities and their respective shareholders and creditorsMoreLess
    Special
    85.94% for14.06% against

    Against: promoters 0.00% · institutions 4.67% · other public 16.30%

    Turnout: all 42.37% · promoters 0.00% · institutions 99.47% · other public 44.15%

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, 28 Sep 2021, 7 resolutions

Present: 7 promoters and 92 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adoptnna. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnnb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 38.24% · promoters 100.00% · institutions 92.51% · other public 14.09%

  2. To appoint a Director in place of Mr. Rakesh Biyani (DIN: 00005806), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 1.13% · other public 1.26%

    Turnout: all 38.24% · promoters 100.00% · institutions 92.51% · other public 14.09%

  3. To consider and approve re-appointment of Statutory Auditors and fix their remuneration
    Ordinary
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.94%

    Turnout: all 38.24% · promoters 100.00% · institutions 92.51% · other public 14.09%

  4. Re-appointment of Ms. Gagan Singh as an Independent Director
    Special
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.19% · other public 1.26%

    Turnout: all 38.24% · promoters 100.00% · institutions 92.51% · other public 14.09%

  5. Re-appointment of Mr. Ravindra Dhariwal as an Independent Director
    Special
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 1.03% · other public 1.24%

    Turnout: all 38.24% · promoters 100.00% · institutions 92.51% · other public 14.09%

  6. Appointment of Mr. Jacob Mathew as an Independent Director
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.09%

    Turnout: all 38.23% · promoters 100.00% · institutions 92.51% · other public 14.08%

  7. Approval for entering into Related Party Transaction
    OrdinaryPromoters have an interest in it
    96.96% for3.04% against

    Against: promoters 0.00% · institutions 5.24% · other public 1.20%

    Turnout: all 18.38% · promoters 0.00% · institutions 92.51% · other public 14.10%

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, 30 Dec 2020, 3 resolutions

Present: 12 promoters and 107 others.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adoptna) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.48% · other public 0.08%

    Turnout: all 44.62% · promoters 100.00% · institutions 94.12% · other public 12.88%

  2. 2 - Re-appointment of Mr. Rahul Garg as Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 1.45% · other public 0.13%

    Turnout: all 44.62% · promoters 100.00% · institutions 94.12% · other public 12.88%

  3. 3 - Approval for entering into Related Party Transaction(s).
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 16.57% · promoters 0.00% · institutions 94.12% · other public 12.90%

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.

Postal ballot, 6 Apr 2020, 3 resolutions

The company's voting result (opens in a new tab)

  1. Approval for re-designation of Mr. Kishore Biyani as Executive Chairman and payment of remuneration thereof.
    Special
    98.30% for1.70% against

    Against: promoters 0.00% · institutions 7.67% · other public 0.00%

    Turnout: all 81.89% · promoters 99.97% · institutions 72.58% · other public 55.94%

  2. Approval for re-designation of Mr. Rakesh Biyani as Managing Director and payment of remuneration thereof.
    Special
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 7.90% · other public 0.01%

    Turnout: all 81.91% · promoters 100.00% · institutions 72.58% · other public 55.94%

  3. Creation of charge/security on the assets and/or properties of the Company.
    Special
    89.73% for10.27% against

    Against: promoters 0.00% · institutions 46.39% · other public 0.01%

    Turnout: all 81.91% · promoters 100.00% · institutions 72.58% · other public 55.94%

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.

Postal ballot, 2 Jan 2020, 1 resolution

The company's voting result (opens in a new tab)

  1. Creation of charge / security on the assets and/or properties of the Company
    Special
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 7.01% · other public 0.00%

    Turnout: all 85.66% · promoters 100.00% · institutions 79.58% · other public 65.86%

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, 8 Nov 2019, 1 resolution

Present: 11 promoters and 108 others.The company's voting result (opens in a new tab)

  1. Approval for entering into Material Related Party Transaction(s).
    OrdinaryPromoters have an interest in it
    88.46% for11.54% against

    Against: promoters 0.00% · institutions 21.40% · other public 0.00%

    Turnout: all 40.81% · promoters 0.00% · institutions 78.92% · other public 74.95%

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, 30 Jul 2019, 7 resolutions

Present: 11 promoters and 124 others.The company's voting result (opens in a new tab)

  1. nTo receive, consider and adoptnna. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2019, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnnb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31,2019, together with the Report of the Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 85.05% · promoters 100.00% · institutions 72.72% · other public 70.62%

  2. To appoint a Director in place of Mr. Kishore Biyani (DIN: 00005740), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.04% for1.96% against

    Against: promoters 0.00% · institutions 7.83% · other public 0.00%

    Turnout: all 85.05% · promoters 100.00% · institutions 72.74% · other public 70.62%

  3. Approval for payment of remuneration to Mr. Kishore Biyani as Managing Director
    Special
    93.53% for6.47% against

    Against: promoters 0.00% · institutions 26.22% · other public 0.00%

    Turnout: all 84.73% · promoters 100.00% · institutions 71.62% · other public 70.62%

  4. Approval for re-appointment of Mr. Kishore Biyani as Managing Director of the Company and payment of remuneration thereof
    Special
    97.09% for2.91% against

    Against: promoters 0.00% · institutions 11.77% · other public 0.00%

    Turnout: all 84.73% · promoters 100.00% · institutions 71.62% · other public 70.62%

  5. Approval for payment of remuneration to Mr. Rakesh Biyani as Jt. Managing Director
    Special
    93.53% for6.47% against

    Against: promoters 0.00% · institutions 26.22% · other public 0.00%

    Turnout: all 84.73% · promoters 100.00% · institutions 71.62% · other public 70.62%

  6. Approval for re-appointment of Mr. Rakesh Biyani as Jt. Managing Director of the Company and payment of remuneration thereof
    Special
    94.11% for5.89% against

    Against: promoters 0.00% · institutions 23.85% · other public 0.00%

    Turnout: all 84.73% · promoters 100.00% · institutions 71.62% · other public 70.62%

  7. Approval for entering into Material Related Party Transaction(s)
    OrdinaryPromoters have an interest in it
    79.72% for20.28% against

    Against: promoters 0.00% · institutions 36.31% · other public 0.00%

    Turnout: all 38.04% · promoters 0.00% · institutions 72.74% · other public 70.62%

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, 5 Mar 2019, 2 resolutions

Present: 11 promoters and 98 others.The company's voting result (opens in a new tab)

  1. Issue of Warrants on Preferential basis
    SpecialPromoters have an interest in it
    96.38% for3.62% against

    Against: promoters 0.00% · institutions 6.37% · other public 0.00%

    Turnout: all 42.02% · promoters 0.00% · institutions 81.24% · other public 76.81%

  2. Issue of Securities on Private Placement basis
    Special
    100.00% for0.00% against

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

    Turnout: all 89.01% · promoters 100.00% · institutions 81.24% · other public 76.81%

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 28 Sep 2021, 4 fund houses

  • To receive, consider and adoptnna. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnnb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021, together with the Report of the Statutory Auditors thereon.MoreLess
    4 for0 against
  • To appoint a Director in place of Mr. Rakesh Biyani (DIN: 00005806), who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • To consider and approve re-appointment of Statutory Auditors and fix their remuneration
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundProposed appointment of auditor is for 1 year instead of 5 years
    3 for1 against
  • Re-appointment of Ms. Gagan Singh as an Independent Director
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundShareholder's approval not obtained on time for reappointment of director
    3 for1 against
  • Re-appointment of Mr. Ravindra Dhariwal as an Independent Director
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundShareholder's approval not obtained on time for reappointment of director
    3 for1 against
  • Appointment of Mr. Jacob Mathew as an Independent Director
    4 for0 against
  • Approval for entering into Related Party Transaction
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInsufficient Information
    3 for1 against

Mutual fund votes, meeting of 30 Dec 2020, 3 fund houses

  • 1 - To receive, consider and adoptna) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020, together with the Report of the Statutory Auditors thereon.MoreLess
    0 for0 against

    3 abstained

  • 2 - Re-appointment of Mr. Rahul Garg as Director, who retires by rotation and being eligible, offers himself for re-appointment.
    0 for0 against

    3 abstained

  • 3 - Approval for entering into Related Party Transaction(s).
    0 for0 against

    3 abstained

5 earlier meetings

Mutual fund votes, meeting of 6 Apr 2020, 2 fund houses

  • Approval for re-designation of Mr. Kishore Biyani as Executive Chairman and payment of remuneration thereof.
    0 for0 against

    2 abstained

  • Approval for re-designation of Mr. Rakesh Biyani as Managing Director and payment of remuneration thereof.
    0 for0 against

    2 abstained

  • Creation of charge/security on the assets and/or properties of the Company.
    0 for0 against

    2 abstained

Mutual fund votes, meeting of 2 Jan 2020, 5 fund houses

  • Creation of charge / security on the assets and/or properties of the Company
    2 for0 against

    3 abstained

Mutual fund votes, meeting of 8 Nov 2019, 5 fund houses

  • Approval for entering into Material Related Party Transaction(s).
    2 for0 against

    3 abstained

Mutual fund votes, meeting of 30 Jul 2019, 4 fund houses

  • nTo receive, consider and adoptnna. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2019, together with the Report of the Board of Directors and the Statutory Auditors thereon; andnnb. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31,2019, together with the Report of the Statutory Auditors thereonMoreLess
    3 for0 against

    1 abstained

  • To appoint a Director in place of Mr. Kishore Biyani (DIN: 00005740), who retires by rotation and being eligible, offers himself for re-appointment
    3 for0 against

    1 abstained

  • Approval for payment of remuneration to Mr. Kishore Biyani as Managing Director
    2 for0 against

    2 abstained

  • Approval for re-appointment of Mr. Kishore Biyani as Managing Director of the Company and payment of remuneration thereof
    2 for0 against

    2 abstained

  • Approval for payment of remuneration to Mr. Rakesh Biyani as Jt. Managing Director
    2 for0 against

    2 abstained

  • Approval for re-appointment of Mr. Rakesh Biyani as Jt. Managing Director of the Company and payment of remuneration thereof
    2 for0 against

    2 abstained

  • Approval for entering into Material Related Party Transaction(s)
    3 for0 against

    1 abstained

Mutual fund votes, meeting of 5 Mar 2019, 4 fund houses

  • Issue of Warrants on Preferential basis
    3 for0 against

    1 abstained

  • Issue of Securities on Private Placement basis
    3 for0 against

    1 abstained

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