Gateway Distriparks (Delisted) MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 29 Sep 2020, 5 fund houses

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

• Adoption of Audited Financial Statements (including Consolidated Audited Financial Statements) of the Company for te financial year ended 31st March, 2020.

  4 for0 against
• Confirm Interim dividend paid for the financial year ended 31st March 2020.

  5 for0 against
• Re-appointment of Mrs. Mamta Gupta(DIN:00160916), as Director.

  5 for0 against
• To appoint Mrs. Shukla Wassan (DIN 02770898) as a Non Executive Independent Director of the Company.

  5 for0 against
• To appoint Mr. Samvid Gupta (DIN 0532765) as a Non Executive Director of the Company.

  5 for0 against

Mutual fund votes, meeting of 13 Aug 2019, 3 fund houses

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

• To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial nyear ended 31st March 2019 together with, the Reports of the Directors’ and Auditor’s thereon.MoreLess

  2 for0 against

  1 abstained

• To confirm the interim dividend declared by the Board of Directors for the financial year ended March 31, 2019.

  3 for0 against
• To re-appoint Mrs. Mamta Gupta (DIN: 00160916) Director, who retires by rotation at the Annual General Meeting, and being eligible, offers herself for reappointmentnnas Director

  3 for0 against
• Approve payment of remuneration to Executive Directors who are promoters or members of promoter group in excess of 2.5 % individually and 5% together of the net profits of the Company as required under the SEBI (LODR) Regulations, 2015 as amended.MoreLess

  ›Against DSP Mutual Fund

  • DSP Mutual FundOverall family remuneration aggregated Rs. 103. 8mn, which was 20. 2% of pre-tax profits before one-time gains. The family remuneration increased by 58% in FY19, on the back of one-time gains on revaluation of subsidiary investments. The remuneration payout, to that extent, is not aligned to actual performance. The current terms of remuneration allow Prem Kishan Gupta and Ishaan Gupta commission upto 5% of profits each. Even so, the aggregate family remuneration has outpaced growth in revenues and profits over the past five years. Further, we do not support remuneration from subsidiary companies since it does not allow shareholder to vote on the resolution.

  1 for1 against

Mutual fund votes, meeting of 11 May 2019, 4 fund houses

• 1) To consent to and ratify the pledge of securities held in subsidiaries and associate company.

  1 for0 against
• Section 180(1)(a) of the Companies Act, 2013, read with Regulation 24(5) and 24(6) of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 to consent to and ratify the pledge of securities held in subsidiaries and associate companyMoreLess

  1 for0 against
• To approve to and for the creation of security interest (by way of a pledge or hypothecation) over 100% of the investments of the Company (including by way of shares and securities) (presently held and future investments) in Gateway Rail Freight Limited, (material subsidiary), Gateway East India Private Limited, Snowman Logistics Limited, Chandra CFS and Terminal Operators Private Limited and Gateway Distriparks (Kerala) Limited (collectively known as “Pledged Securities”) legally and/or beneficially held by the Company as security for the issue and allotment of secured, redeemable, non-convertible debentures (“Debentures”) issued by the Company aggregating up to INR 550,00,00,000 (Rupees Five Hundred and Fifty Crore).MoreLess

  1 for0 against
• To consent to and ratify the pledge of securities held in subsidiaries and associate company

  1 for0 against

Mutual fund votes, meeting of 30 Jul 2018, 2 fund houses

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

• Adoption of Annual Accounts for the year ended 31st March 2018

  1 for0 against
• Confirm Interim dividends paid for the financial year ended 31st March 2018

  2 for0 against
• Re-appointment of Mrs. Mamta Gupta (DIN:00160916), as Director

  2 for0 against

Mutual fund votes, meeting of 2 Aug 2017, 8 fund houses

• Item 1, as a fund house numbered it

  1 for0 against
• Item 2, as a fund house numbered it

  1 for0 against
• Item 3, as a fund house numbered it

  1 for0 against
• Item 4, as a fund house numbered it

  1 for0 against
• Item 5, as a fund house numbered it

  ›Against Taurus Mutual Fund

  • Taurus Mutual FundIshaan Gupta is the son of Prem Kishan Gupta, the promoter and CMD of the company. At the age of 28, he does not have the requisite experience to be a board member of a listed company. The company has proposed to redesignate him as Joint Managing Director for five years from 8 February 2017 and fix his remuneration by payment of commission upto 5% of PAT (Rs. 37. 1 mn as per consolidated FY17 PAT). He was a Non-Executive Director of the company. The proposed remuneration is commensurate neither with his qualifications nor his experience.

  0 for1 against
• Item 6, as a fund house numbered it

  1 for0 against
• Item 7, as a fund house numbered it

  1 for0 against
• Accept Financial Statements and Statutory Reports

  1 for0 against
• Adoption of Accounts

  1 for0 against
• Adoption of Annual Accounts for the year ended 31st March 2017

  3 for0 against
• Adoption of financial statements for the year ended 31 March 2017

  1 for0 against
• Appoint S.R. Batliboi & Co. LLP as statutory auditors for a period of five years and fix their remuneration

  1 for0 against
• Appointment of Auditors

  1 for0 against
• Appointment of M/s. S. R. Batliboi & Co., Firm Registration No. 301003E / E300005, Chartered Accountants, as Auditors to hold office until the conclusion of AGM in the year 2022 and fix their remunerationMoreLess

  3 for0 against
• Appointment of Mr. Ishaan Gupta as Joint Managing Director

  1 for0 against
• Appointment of Mr. Ishaan Gupta as Joint Managing Director for a period of five years from 8 February 2017.

  ›Against Axis Mutual Fund, Bandhan Mutual Fund

  • Axis Mutual FundIshaan Gupta is the son of Prem Kishan Gupta, the promoter and CMD of the company. At the age of 28, he does not have the requisite experience to be a board member of a listed company. The company has proposed to redesignate him as Joint Managing Director for five years from 8 February 2017 and fix his remuneration by payment of commission upto 5% of PAT (Rs.37.1 mn as per consolidated FY17 PAT). He was a Non-Executive Director of the company. The proposed remuneration is commensurate neither with his qualifications nor his experience.
  • Bandhan Mutual FundIshaan Gupta is the son of Prem Kishan Gupta, the promoter and CMD of the company. At the age of 28, he does not have the requisite experience to be a board member of a listed company. The company has proposed to redesignate him as Joint Managing Director for five years from 8 February 2017 and fix his remuneration by payment of commission upto 5% of PAT (Rs. 37. 1 mn as per consolidated FY17 PAT). He was a Non-Executive Director of the company. The proposed remuneration is commensurate neither with his qualifications nor his experience.

  1 for2 against
• Approve Appointment and Remuneration of Ishaan Gupta as Managing Director

  1 for0 against
• Approve Commission Remuneration to Non-Executive Directors

  1 for0 against
• Approve Reappointment and Remuneration of Prem Kishan Dass Gupta as Chairman and Managing Director

  1 for0 against
• Approve S.R. Batliboi & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

  1 for0 against
• Confirm Interim Dividend

  1 for0 against
• Confirm Interim dividends paid for the financial year ended 31st March 2017

  3 for0 against
• Declaration of dividend

  1 for0 against
• Fix commission for non-executive directors at an amount not exceeding 1% of net profits from 1 April 2017

  1 for0 against
• Payment of commission to Non-Executive Directors

  3 for0 against

  1 abstained

• Payment of Commission to Non-Executive Directors not exceeding 1% of the Net Profits of the Company

  1 for0 against
• Re-appointment of Director: Mrs. Mamta Gupta (Non-executive Director)

  0 for0 against

  1 abstained

• Re-appointment of Mr. Prem Kishan Dass Gupta as Managing Director

  1 for0 against
• Re-appointment of Mr. Prem Kishan Dass Gupta as Managing Director for a period of five years from 20 July 2017.

  3 for0 against
• Re-appointment of Mrs. Mamta Gupta (DIN:00160916), as Director.

  3 for0 against
• Reappoint Ms. Mamta Gupta (DIN: 00160916) as a Non-Executive Non-Independent Director

  1 for0 against
• Reappoint Prem Kishan Gupta as CMD (DIN: 00011670) for five years from 20 July 2017 and fix his remuneration

  1 for0 against
• Redesignate Ishaan Gupta (DIN: 05298583) as Joint Managing Director for five years from 8 February 2017 and fix his remuneration

  1 for0 against
• Reelect Mamta Gupta as Director

  1 for0 against
• To appoint M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, as Statutory Auditors & to fix their remuneration

  1 for0 against
• To appoint Mr. Ishaan Gupta (DIN: 05298583), as Joint Managing Director of the Company for a period of five years commencing from February 8, 2017 and fixation of remuneration

  1 for0 against
• To confirm interim dividends aggregating Rs.7.0 per share of face value Rs.10.0

  1 for0 against
• To confirm the interim dividends declared by the Board of Directors for the financial year ended March 31, 2017.

  1 for0 against
• To re-appoint Mrs. Mamta Gupta (DIN: 00160916), who retires by rotation in the Annual General Meeting, and being eligible, offers herself for re-appointment as Director

  1 for0 against
• To reappoint Mr. Prem Kishan Dass Gupta (DIN: 00011670), as the Managing Director of the Company for a further period of five years commencing from July 20, 2017 and fixation of remuneration

  1 for0 against
• To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended 31st March 2017 together with, the Reports of the Directors and Auditors thereonMoreLess

  1 for0 against

Mutual fund votes, meeting of 22 Sep 2016, 7 fund houses

• Item 1, as a fund house numbered it

  1 for0 against
• Item 2, as a fund house numbered it

  1 for0 against
• Item 3, as a fund house numbered it

  1 for0 against
• Item 4, as a fund house numbered it

  1 for0 against
• Item 5, as a fund house numbered it

  1 for0 against
• Item 6, as a fund house numbered it

  1 for0 against
• Item 7, as a fund house numbered it

  ›Against Taurus Mutual Fund

  • Taurus Mutual FundBhaskar Reddy has served the Government of India in Indian Revenue Service (Income Tax) for over 30 years. He has been on the board of the company for more than 12 years. We believe that the length of tenure is inversely proportionate to the independence of a director. Due to his tenure of over 10 years, we consider him as non-independent. If the company believes that it will benefit from him serving on the board, it should appoint him as a non-independent director and induct additional independent directors to ensure that the board composition is in line with the requirements of SEBI’s LODR.

  0 for1 against
• Item 8, as a fund house numbered it

  ›Against Taurus Mutual Fund

  • Taurus Mutual FundShabbir Hassanbhai has been on the board of the company for the past 21 years. We believe that the length of tenure is inversely proportionate to the independence of a director. Due to his tenure of over 10 years, we consider him as non-independent. If the company believes that it will benefit from him serving on the board, it should appoint him as a non-independent director and induct additional independent directors to ensure that the board composition is in line with the requirements of SEBI’s LODR.

  0 for1 against
• Accept Financial Statements and Statutory Reports

  1 for0 against
• Adoption of Annual Accounts for the year ended 31st March 2016.

  1 for0 against
• Adoption of standalone and consolidated financial statements for the year ended 31 March 2016

  3 for0 against
• Appoint Arun Kumar Gupta as an Independent Director upto 26 April 2021

  2 for0 against

  1 abstained

• Appoint Ms. Mamta Gupta as Non-Executive Non-Independent Director

  2 for0 against

  1 abstained

• Appointment of M/s. Price Waterhouse, Firm Registration No. 301112E, Chartered Accountants, as Auditors and fix their remuneration

  1 for0 against
• Appointment of Mr. Arun Kumar Gupta as Independent Director to hold office upto 26 April 2021.

  1 for0 against
• Appointment of Mr. Bhaskar Avula Reddy as Independent Director to hold office upto 30 April 2021.

  1 for0 against
• Appointment of Mr. Shabbir Hassanbhai as Independent Director to hold office upto 21 September 2021.

  1 for0 against
• Appointment of Mrs. Mamta Gupta as Director.

  1 for0 against
• Approve Interim Dividends

  1 for0 against
• Approve Price Waterhouse as Auditors and Authorize Board to Fix Their Remuneration

  1 for0 against
• Approve Vacancy on the Board of Directors Resulting from Retirement of Arun Agarwal

  1 for0 against
• Confirm Interim dividends paid for the financial year ended 31st March 2016.

  1 for0 against
• Elect Arun Kumar Gupta as Independent Director

  1 for0 against
• Elect Bhaskar Avula Reddy as Independent Director

  1 for0 against
• Elect Mamta Gupta as Director

  1 for0 against
• Elect Shabbir Hassanbhai as Independent Director

  1 for0 against
• Not filling up the vacancy caused due to retirement by rotation of Mr. Arun Agarwal, Director.

  1 for0 against
• Ratify Price Waterhouse’s reappointment as statutory auditors for FY17 and fix their remuneration

  3 for0 against
• Reappoint Bhaskar Reddy as an Independent Director upto 30 April 2021

  2 for0 against

  1 abstained

• Reappoint Shabbir Hassanbhai as an Independent Director upto 21 September 2021

  2 for0 against

  1 abstained

• That the vacancy caused, due to retirement by rotation of Mr. Arun Agarwal (DIN-00160897), be not filled up at this meeting or at any adjournment thereof.

  1 for0 against
• To appoint M/s. Price Waterhouse, Firm Registration No. 301112E, Chartered Accountants, as Auditors and fix their remuneration

  1 for0 against
• To appoint Mr. Arun Kumar Gupta (DIN: 06571270), as Independent Director of the Company upto 26 April 2021.

  1 for0 against
• To appoint Mr. Bhaskar Avula Reddy (DIN: 06554896), as an Independent Director of the Company upto 30 April 2021.

  1 for0 against
• To appoint Mr. Shabbir Hassanbhai (DIN: 00268133), as Independent Director of the Company upto 21 September 2021

  1 for0 against
• To appoint Mrs. Mamta Gupta (DIN: 00160916) as Director of the Company

  1 for0 against
• To confirm the interim dividends declared by the Board of Directors for the financial year ended March 31, 2016.

  1 for0 against
• To confirm two interim dividends

  1 for0 against
• To confirm two interim dividends aggregating Rs.7 per equity share (face value Rs.10)

  2 for0 against
• To note the retirement of Arun Agarwal as director and not to fill the vacancy caused on the board

  3 for0 against
• To receive, consider and adopt the Balance Sheet as at March 31, 2016 and Statement of Profit & Loss for the year ended on that date, the Reports of the Directors and Auditors thereon.

  1 for0 against