ISMT (Delisted) MD, chairman, board of directors and AGM

BSE: 532479Industrial Products

Last traded ₹120.19 on 5 Aug 2024

Delisted on 15 Oct 2024.

ISMT 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.ISMT share news and announcements

Meeting called by the tribunal, 14 Mar 2024

Present: 4 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To approve the proposed Scheme of Arrangement and Merger of ISMT Limited (“ISMT / Transferor Company”) with and into Kirloskar Ferrous Industries Limited and their respective shareholders (“Scheme”) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) along with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (“Merger Rules”) and other applicable rules under the Act.MoreLess
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 67.01% · promoters 85.94% · institutions 78.01% · other public 9.25%

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, 27 Jul 2023, 5 resolutions

Present: 5 promoters and 35 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) Audited Financial Statements of the Company for Financial year ended March 31, 2023 together with Reports; b) Audited Consolidated Financial Statements of the Company for the Financial year ended March 31, 2023 together with ReportnMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 74.49% · promoters 99.23% · institutions 18.22% · other public 0.43%

  2. Re-appointment of Mr. Nishikant Ektare, retiring by rotation & being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 74.49% · promoters 99.23% · institutions 18.22% · other public 0.43%

  3. Ratification of Remuneration paid to the Cost Auditors for FY 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 74.49% · promoters 99.23% · institutions 18.22% · other public 0.43%

  4. Approve payment of remuneration by way of commission to Non-Executive Directors of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.85%

    Turnout: all 74.49% · promoters 99.23% · institutions 18.22% · other public 0.43%

  5. Approve revision in Remuneration of Mr. Nishikant Ektare, Managing Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.20%

    Turnout: all 74.49% · promoters 99.23% · institutions 18.22% · other public 0.43%

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, 29 Jul 2022, 7 resolutions

Present: 5 promoters and 49 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt a) Audited Financial Statements of the Company for Financial year ended March 31, 2022 together with Reports b) Audited Consolidated Financial Statements of the Company for the Financial year ended March 31, 2022 together with ReportMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  2. Re-appointment of Mr. Rajiv Goel, retiring by rotation being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  3. Appointment of M/s. P G BHAGWAT, LLP as the Statutory Auditors of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  4. Ratification of Remuneration paid to the Cost Auditors for FY 2021-22
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  5. To approve payment of remuneration due to Mr. O P Kakkar, erstwhile Director of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  6. To approve borrowing limits under Section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

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

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

  7. To create charge/ mortgage/ hypothecation on Company’s properties under Section 180(1)(a) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 76.21% · promoters 99.23% · institutions 0.00% · other public 7.41%

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, 9 Jun 2022, 8 resolutions

Present: 3 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To approve restated Articles of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  2. To approve appointment of Mr. Rahul Kirloskar as Non-Executive Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  3. To approve appointment of Mr. Ravindranath Gumaste as Non-Executive Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  4. To approve appointment of Mr. Nishikant Ekatre as Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  5. To approve appointment of Mr. Nishikant Ekatre as Managing Director
    Special
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  6. To approve appointment of Mrs. Shalini Sarin as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  7. To approve appointment of Mr. Sathya Moorthy Venkataramani as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 77.17% · promoters 99.23% · institutions 0.00% · other public 11.27%

  8. To approve material related party transactions
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 2.77% · promoters 0.00% · institutions 0.00% · other public 11.15%

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.

Extraordinary general meeting, 22 Dec 2021, 5 resolutions

Present: 4 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To approve classification of unclassified share capital & alteration of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 51.69% · promoters 98.44% · institutions 0.00% · other public 7.58%

  2. To approve alteration of the Articles of Association of the Company
    Special
    100.00% for0.00% against

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

    Turnout: all 51.69% · promoters 98.44% · institutions 0.00% · other public 7.58%

  3. To Approve the Issue of Equity Shares on Preferential Basis
    Special
    100.00% for0.00% against

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

    Turnout: all 51.69% · promoters 98.44% · institutions 0.00% · other public 7.58%

  4. To approve availing of loan
    Special
    100.00% for0.00% against

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

    Turnout: all 51.69% · promoters 98.44% · institutions 0.00% · other public 7.58%

  5. To approve the re-appointment of Mr. Rajiv Goel as Whole-Time Director
    Special
    100.00% for0.00% against

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

    Turnout: all 51.68% · promoters 98.44% · institutions 0.00% · other public 7.56%

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, 27 Sep 2021, 3 resolutions

Present: 4 promoters and 35 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt - a) Audited Financial Statements of the Company for Financial year ended March 31, 2021 together with Reports b) Audited Consolidated Financial Statements of the Company for the Financial year ended March 31, 2021 together with ReportMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 51.01% · promoters 97.36% · institutions 0.00% · other public 7.32%

  2. Re-appointment of Mr. O P Kakkar, retiring by rotation being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 51.01% · promoters 97.36% · institutions 0.00% · other public 7.32%

  3. Ratification of Remuneration paid to the Cost Auditors for FY 2020-21.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 51.01% · promoters 97.36% · institutions 0.00% · other public 7.32%

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 Aug 2021, 7 resolutions

Present: 2 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. R Poornalingam as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  2. Re-appointment of Mr. Kanakraj M as Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  3. Fresh approval for payment of remuneration to Mr. Rajiv Goel, Whole-time Director for the period from October, 2018 to September, 2019
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  4. Fresh approval for payment of remuneration to Mr. Rajiv Goel, Whole-time Director for the period from October, 2019 to September, 2020
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  5. Fresh approval for payment of remuneration to Mr. Rajiv Goel, Whole-time Director for the period from October, 2020 to September, 2021
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  6. To ratify payment of remuneration paid to Mr. Rajiv Goel, Whole-time Director for the period from October, 2017 to September, 2018
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

  7. To approve payment of remuneration to Mr. O P Kakkar, Non Executive Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 50.94% · promoters 97.36% · institutions 0.00% · other public 7.19%

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, 3 Dec 2020, 2 resolutions

Present: 5 promoters and 52 others.The company's voting result (opens in a new tab)

  1. Re-classification of Promoters/ Promoter Group from Promoter Category to Public Category
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 51.57% · promoters 92.73% · institutions 0.00% · other public 7.82%

  2. Approval for continuing the Directorship of Mr. R Poornalingam as Non Executive Director
    Special
    100.00% for0.00% against

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

    Turnout: all 51.57% · promoters 92.73% · institutions 0.00% · other public 7.82%

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.