Future Supply Chain Solutions (Delisted) MD, chairman, board of directors and AGM

BSE: 540798Transport Services

Last traded ₹2.75 on 27 Oct 2025

Delisted on 24 Mar 2026.

Future Supply Chain Solutions 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 Supply Chain Solutions share news and announcements

Postal ballot, 10 Sep 2022

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

  1. Appointment of Mr. Rohit Malhotra as an Independent Director
    Special
    99.90% for0.10% against

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

    Turnout: all 44.97% · promoters 100.00% · institutions 0.00% · other public 29.51%

  2. Appointment of Mrs. Smeeta Neogi as an Independent Director
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 44.97% · promoters 100.00% · institutions 0.00% · other public 29.51%

  3. Re-appointment of Mr. Amar Sapra as an Independent Director
    Special
    99.85% for0.15% against

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

    Turnout: all 44.97% · promoters 100.00% · institutions 0.00% · other public 29.51%

  4. Authority to the Board to sale, lease or otherwise dispose of the business undertaking
    Special
    99.80% for0.20% against

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

    Turnout: all 44.97% · promoters 100.00% · institutions 0.00% · other public 29.52%

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.

Meeting called by the tribunal, 20 Apr 2022, 1 resolution

Present: 6 promoters and 29 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 Transferee company of Future Group and Reliance Group entities and their respective shareholders and creditorsMoreLess
    Special
    65.67% for34.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 49.65%

    Turnout: all 72.36% · promoters 100.00% · institutions 0.00% · other public 64.47%

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, 24 Sep 2021, 5 resolutions

Present: 4 promoters and 70 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements for the financial year ended March 31, 2021 together with the reports of Auditors and Directors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.95% · promoters 100.00% · institutions 0.00% · other public 32.35%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements for the financial year ended March 31, 2021 together with the report of Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.95% · promoters 100.00% · institutions 0.00% · other public 32.35%

  3. To appoint a Director in place of Rakesh Biyani (DIN: 0005806) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 47.95% · promoters 100.00% · institutions 0.00% · other public 32.34%

  4. To approve/ authorize to transact with related party/ material entity
    OrdinaryPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 24.86% · promoters 0.00% · institutions 0.00% · other public 32.35%

  5. To appoint Mr. Shinichi Kakiyama as a Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 47.95% · promoters 100.00% · institutions 0.00% · other public 32.35%

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 Dec 2020, 7 resolutions

Present: 5 promoters and 57 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2020 together with the reports of Auditors and Directors thereon
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

  2. To appoint a Director in place of Mayur Toshniwal (DIN: 01655776) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

  3. To appoint a Director in place of Chandra Prakash Toshniwal (DIN: 00036303) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

  4. To appoint Statutory Auditors to fill casual vacancy
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

  5. To appoint Statutory Auditors of the Company and to fix their remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

  6. To approve/ authorize to transact with related party/ material entity
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

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

    Turnout: all 24.74% · promoters 0.00% · institutions 0.00% · other public 32.33%

  7. To re-appoint Mayur Toshniwal as a Managing Director
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 47.00% · promoters 95.13% · institutions 0.00% · other public 32.33%

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, 21 Mar 2020, 1 resolution

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

  1. Reappointment of Mr. Janat Shah as an Independent Director
    Special
    97.12% for2.88% against

    Against: promoters 0.00% · institutions 25.10% · other public 0.00%

    Turnout: all 78.95% · promoters 100.00% · institutions 48.25% · other public 66.00%

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, 18 Feb 2020, 2 resolutions

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

  1. Appointment of Mr. Hiroyuki Tanaka as a Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 78.12% · promoters 97.62% · institutions 48.94% · other public 66.67%

  2. Alteration to Articles of Association of the Company
    Special
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 3.65% · other public 0.00%

    Turnout: all 81.05% · promoters 97.62% · institutions 64.36% · other public 66.67%

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 Oct 2019, 1 resolution

Present: 6 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To issue Equity Shares on Preferential basis
    Special
    100.00% for0.00% against

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

    Turnout: all 67.65% · promoters 100.00% · institutions 57.54% · other public 9.31%

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, 31 Jul 2019, 5 resolutions

Present: 4 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt – nna.tthe Audited Financial Statements of the Company for the financial year ended March 31, 2019 together with the reports of the Auditors and Directors thereon;nb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2019 together with the reports of the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.36% · promoters 100.00% · institutions 65.41% · other public 68.73%

  2. To declare dividend on equity shares for the financial year 2018-19
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 84.36% · promoters 100.00% · institutions 65.41% · other public 68.73%

  3. To appoint a director in place of Rakesh Biyani (DIN 00005806), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.11% · promoters 100.00% · institutions 51.17% · other public 68.73%

  4. To approve/ authorise to transact with related party/ material entity
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 31.94% · promoters 0.00% · institutions 65.41% · other public 68.73%

  5. To appoint Malini Chopra as an Independent Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 81.11% · promoters 100.00% · institutions 51.17% · other public 68.73%

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 21 Mar 2020, 3 fund houses

  • Reappointment of Mr. Janat Shah as an Independent Director
    Against DSP Mutual Fund, Nippon India Mutual Fund
    • DSP Mutual FundJanat Shah, 61, is founding director and faculty at Indian Institute of Management - Udaipur. He attended 67% of the board meetings held in FY20 (7 February 2020), and 56% (9 of 16) of the board meetings held in the past three years. We expect directors to attend all board meetings: we have a threshold of 75% attendance of the board meetings in the three-years prior to re-appointment.
    • Nippon India Mutual FundLow attendance level in board meetings
    1 for2 against

Mutual fund votes, meeting of 18 Feb 2020, 3 fund houses

  • Appointment of Mr. Hiroyuki Tanaka as a Director
    3 for0 against
  • Alteration to Articles of Association of the Company
    Against DSP Mutual Fund
    • DSP Mutual FundDuring the year, Nippon Express (South Asia & Oceania) Pte Limited acquired an aggregate stake of 22.0% stake in FSCSL: 3.8 mn shares by way of preferential allotment and a secondary purchase of 5.9 mn shares from Griffin Partners, non-promoter shareholder. In accordance with the agreement entered by the company with Nippon Express, the company proposes to adopt a new set of AoA. The new AoA allows a non-retiring board seat for Nippon Express as well as certain rights in the board meeting. We do not encourage shareholder agreements to be embedded in the AoA. Although the current nominee director is liable to retire by rotation, we do not encourage permanent board representation by virtue of non-retiring directorship which is being embedded in the article. Further we believe rights to a particular investor regarding the process and manner in which meetings of the board to be convened, held and conducted, etc. without being classified as a controlling shareholder does not warrant any special rights to be embedded in the AoA.
    2 for1 against
2 earlier meetings

Mutual fund votes, meeting of 19 Oct 2019, 5 fund houses

  • To issue Equity Shares on Preferential basis
    4 for0 against

    1 abstained

Mutual fund votes, meeting of 31 Jul 2019, 4 fund houses

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

  • To receive, consider and adopt – nna.tthe Audited Financial Statements of the Company for the financial year ended March 31, 2019 together with the reports of the Auditors and Directors thereon;nb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2019 together with the reports of the Auditors thereon;MoreLess
    4 for0 against
  • To declare dividend on equity shares for the financial year 2018-19
    4 for0 against
  • To appoint a director in place of Rakesh Biyani (DIN 00005806), who retires by rotation and being eligible, offers himself for re-appointment
    4 for0 against
  • To approve/ authorise to transact with related party/ material entity
    4 for0 against
  • To appoint Malini Chopra as an Independent Director
    4 for0 against
1 proposal not matched to one resolution
  • Adoption of Audited Financial Statements for the financial year ended March 31, 2019 together with the reports of Auditors and Directors thereon;
    2 for0 against

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