Jet Airways (India) MD, chairman, board of directors and AGM

Trading suspended since 11 Nov 2024

Last traded ₹34.16 on 7 Nov 2024

Jet Airways (India) 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.Jet Airways (India) dividend history

Annual general meeting, 15 Jun 2021

Present: 0 promoters and 51 others.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2020 together with the Reports of the Auditors thereon.
Ordinary
5.15% for94.85% against
Against: promoters 0.00% · institutions 100.00% · other public 2.90%
Turnout: all 0.17% · promoters 0.00% · institutions 0.57% · other public 0.02%
Appointment of M/S Sharp and Tannan Associates, Chartered Accountants, Pune as Statutory Auditors to hold office, for five years, from the conclusion of the Twenty Eight Annual General Meeting till the conclusion of the Thirty Third Annual General Meeting of the Company and, to pass with or without modification(s) as an Ordinary Resolution.MoreLess
Ordinary
99.84% for0.16% against
Against: promoters 0.00% · institutions 0.00% · other public 2.94%
Turnout: all 0.17% · promoters 0.00% · institutions 0.57% · other public 0.02%

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, 21 Feb 2019, 5 resolutions

Present: 0 promoters and 75 others.The company's voting result (opens in a new tab)

To approve increase in the Authorized Share Capital and consequent alteration to Share Capital Clause of Memorandum of Association of the Company
Special
97.99% for2.01% against
Against: promoters 0.00% · institutions 16.41% · other public 10.37%
Turnout: all 58.12% · promoters 100.00% · institutions 87.07% · other public 0.04%
To approve alteration of the Articles of Association of the Company
Special
97.99% for2.01% against
Against: promoters 0.00% · institutions 16.41% · other public 14.19%
Turnout: all 58.12% · promoters 100.00% · institutions 87.07% · other public 0.04%
To approve Alteration in ‘Object Clause’ of Memorandum of Association of the Company
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 10.45%
Turnout: all 58.12% · promoters 100.00% · institutions 87.07% · other public 0.04%
To approve Alteration in ‘Liability Clause’ of Memorandum of Association of the Company
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 10.40%
Turnout: all 58.12% · promoters 100.00% · institutions 87.07% · other public 0.04%
To approve conversion of loan into Shares or Convertible instruments or other securities
Special
97.86% for2.14% against
Against: promoters 0.00% · institutions 17.50% · other public 4.29%
Turnout: all 58.12% · promoters 100.00% · institutions 87.07% · other public 0.04%

Annual general meeting, 9 Aug 2018, 10 resolutions

Present: 2 promoters and 155 others.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Financial Statements for the financial year ended 31 March, 2018, together with the Reports of the Board of Directors and Auditors thereon.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.21% · promoters 100.00% · institutions 20.48% · other public 62.79%
To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31 March, 2018, together with the Reports of the Auditors thereon.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.21% · promoters 100.00% · institutions 20.48% · other public 62.79%
Re-appointment of Mrs. Anita Goyal, who retires by rotation
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
To fix the remuneration of the Joint Statutory Auditors, M/s. BSR & Co. LLP
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
To fix the remuneration of the Joint Statutory Auditors, M/s. D.T.S. & Associates
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
Appointment of Mr. Ashok Chawla as an Independent Director
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
Appointment of Mr. Sharad Sharma as an Independent Director
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
Appointment of Dr. Nasim Zaidi as a Director
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
Appointment of Mr. Harsh Mohan as a Director
Ordinary
99.73% for0.27% against
Against: promoters 0.00% · institutions 3.77% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%
Appointment of Mr. Kevin Nolan Knight as a Director
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.87% · promoters 100.00% · institutions 54.50% · other public 62.79%

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 Feb 2019, 2 fund houses

To approve increase in the Authorized Share Capital and consequent alteration to Share Capital Clause of Memorandum of Association of the Company
1 for0 against
1 abstained
To approve alteration of the Articles of Association of the Company
1 for0 against
1 abstained
To approve Alteration in ‘Object Clause’ of Memorandum of Association of the Company
1 for0 against
1 abstained
To approve Alteration in ‘Liability Clause’ of Memorandum of Association of the Company
1 for0 against
1 abstained
To approve conversion of loan into Shares or Convertible instruments or other securities
1 for0 against
1 abstained

Mutual fund votes, meeting of 9 Aug 2018, 5 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 for the financial year ended 31 March, 2018, together with the Reports of the Board of Directors and Auditors thereon.
0 for0 against
1 abstained
To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31 March, 2018, together with the Reports of the Auditors thereon.
1 for0 against
1 abstained
Re-appointment of Mrs. Anita Goyal, who retires by rotation
3 for0 against
2 abstained
To fix the remuneration of the Joint Statutory Auditors, M/s. BSR & Co. LLP
3 for0 against
2 abstained
To fix the remuneration of the Joint Statutory Auditors, M/s. D.T.S. & Associates
3 for0 against
2 abstained
Appointment of Mr. Ashok Chawla as an Independent Director
3 for0 against
2 abstained
Appointment of Mr. Sharad Sharma as an Independent Director
3 for0 against
2 abstained
Appointment of Dr. Nasim Zaidi as a Director
3 for0 against
2 abstained
Appointment of Mr. Harsh Mohan as a Director
3 for0 against
2 abstained
Appointment of Mr. Kevin Nolan Knight as a Director
3 for0 against
2 abstained

3 proposals not matched to one resolution

Adoption of Audited Financial Statements and Reports of the Directors and the Auditors for the financial year ended March 31, 2018
1 for0 against
Adoption of Financial Statements of the Company
0 for0 against
1 abstained
To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2018, together with the Reports of the Board of Directors and Auditors thereon. b. To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31st March, 2018, together with the Reports of the Auditors thereonMoreLess
0 for0 against
1 abstained

6 earlier meetings

Mutual fund votes, meeting of 11 Sep 2017, 5 fund houses

1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2017 and the Reports of the Directors & Auditors thereon.
1 for0 against
2) Re-appoint Ms. Anita Goyal as a Director.
1 for0 against
3) Ratify appointment of M/s. BSR & Co. LLP as the Joint Statutory Auditors and fix their remuneration.
1 for0 against
4) Appoint M/s. D T S & Associates as the Joint Statutory Auditors and fix their remuneration.
1 for0 against
5) Re-appoint Mr. Gaurang Shetty as Whole-Time Director for a period of two years w.e.f 24th May, 2017 and fix his remuneration.
1 for0 against
Adoption of Audited Financial Statements and Reports of the Directors and the Auditors.
2 for0 against
Appointment of M/s. D T S & Associates as Joint Statutory Auditors.
Against Axis Mutual Fund
Axis Mutual FundSince Jet Airways (India) is held as an arbitrage position, we go with IIAS' voting recommendation. We hope IIAS has done its due diligence before providing its recommendation
1 for1 against
1 abstained
Ratification of the appointment of the Joint Statutory Auditors, M/s. BSR & Co. LLP.
3 for0 against
Re-appointment of a Director.
2 for0 against
Re-appointment of Mr. Gaurang Shetty as Whole Time Director.
3 for0 against
Re-appointment of Mr. Gaurang Shetty as Whole Time Director for a period of two years wef 24th May, 2017 and to fix remuneration
0 for0 against
1 abstained
To appoint a Director in place of Mrs. Anita Goyal, who retires by rotation, and being eligible, offers herself for re-appointment
1 for0 against
To receive, consider and adopt the Audited Financial Statements (including audited consolidated financial statements) for the financial year ended 31st March, 2017, together with the Reports of the Directors and the Auditors therMoreLess
1 for0 against

Mutual fund votes, meeting of 27 Dec 2016, 2 fund houses

Adoption of audited Annual Accounts and Reports of the Auditors and Directors
1 for0 against
Appointment of Mr. Ranjan Mathai as an Independent Director
1 for0 against
Appointment of Mr. Vikram Mehta as an Independent Director
1 for0 against
Appointment of Ms. Rajshree Pathy as an Independent Director
1 for0 against
Increase in remuneration of Mr. Gaurang Shetty, Whole Time Director
1 for0 against
Payment of commission to Independent Directors
1 for0 against
Payment of commission to Independent Directors : payment of a sum not exceeding in aggregrate one percent per annum of the net profits of the Company calculated in accordance with the provisions of Section 198 of the Act or Rs.500,000 (Rupees Five Lakhs Only), whichever is lower, per Independent Director, in such proportion/manner as may be determined by the Board of Directors in addition to the sitting fees and reimbursement of expenses ,if any, for attending the Meetings of the Board of Directors and any Committee thereof and such payments shall be made in respect of the profits of the Company for the year ended March 31, 2016.MoreLess
0 for0 against
1 abstained
Ratification of appointment of the Joint Statutory Auditor, M/s. BSR & Co., LLP
1 for0 against
Ratification of appointment of the Joint Statutory Auditor, M/s. Chaturvedi & Shah
1 for0 against
Re-appointment of a Mr. James Rigney as a Director
1 for0 against
To appoint a Director in place of Mr. James Rigney (DIN: 06540653), who retires by rotation, and being eligible, offers himself for re-appointment.
0 for0 against
1 abstained
To appoint Mr. Ranjan Mathai as an Independent Director, not liable to retire by rotation
0 for0 against
1 abstained
To appoint Mr. Vikram Mehta as an Independent Director, not liable to retire by rotation
0 for0 against
1 abstained
To appoint Ms. Rajshree Pathy as an Independent Director, not liable to retire by rotation
0 for0 against
1 abstained
To approve increase in remuneration of Mr. Gaurang Shetty, Whole Time Director, with effect from 1st April, 2016 to 23rd May, 2017
0 for0 against
1 abstained
To ratify the appointment of M/s BSR & Co LLP as one of the Joint Statutory Auditors of the Company
0 for0 against
1 abstained
To ratify the appointment of M/s Chaturvedi & Shah as one of the Joint Statutory Auditors of the Company
0 for0 against
1 abstained
To receive, consider and adopt the Audited Financial Statements (including audited consolidated financial statements) of the Company for the Financial Year ended 31st March, 2016, together with the Reports of the Directors and the Auditors thereon.MoreLess
0 for0 against
1 abstained

Mutual fund votes, meeting of 22 Apr 2016, 5 fund houses

1) Approval of the proposed merger embodied in the Scheme of Merger between Jet Lite (India) Limited and Jet Airways (India) Limited and their respective shareholders and creditors.
0 for0 against
1 abstained
Approval for Scheme of Merger between Jet Lite (India) Limited and Jet Airways (India) Limited and their respective shareholders and creditors
0 for0 against
1 abstained
Approve merger of Jet Lite (wholly owned subsidiary) with Jet Airways
1 for0 against
for approval of the proposed merger embodied in the Scheme of Merger between Jet Lite (India) Limited and Jet Airways (India) Limited and their respective Shareholders and Creditors
1 for0 against
Scheme of Merger between Jet Lite (India) Limited (Transferor Company) and Jet Airways (India) Limited (Transferee Company) and their respective shareholders and creditors
0 for0 against
1 abstained

Mutual fund votes, meeting of 29 Dec 2015, 2 fund houses

Appoint Srinivasan Vishvanathan as an Independent Director for a term of three years
1 for0 against
Appointment of Mr Srinivasan Vishvanathan as Independent Director
1 for0 against

Mutual fund votes, meeting of 14 Aug 2015, 2 fund houses

Adoption of financial statements for the year ended 31 March 2015
2 for0 against
Appoint Anita Naresh Goyal as a Director
2 for0 against
Appoint BSR & Co. LLP as joint statutory auditors for a term of five years
2 for0 against
Reappoint Aman Mehta as an Independent Director for a term of one year
2 for0 against
Reappoint Chaturvedi & Shah as joint statutory auditors for a term of two years
2 for0 against
Reappoint Dinesh Kumar Mittal as an Independent Director for a term of three years
2 for0 against
Reappoint Gaurang Shetty as whole-time director for a term of two years and fix his remuneration
2 for0 against
Reappoint Iftikhar Kadri as an Independent Director for a term of one year
2 for0 against
Reappoint James Hogan as a Director
2 for0 against
Reappoint Javed Akhtar as an Independent Director for a term of three years
2 for0 against

Mutual fund votes, meeting of 16 May 2015, 4 fund houses

Item 1, as a fund house numbered it
0 for0 against
1 abstained
Appoint Diwakar Gupta as an Independent Director
1 for0 against
Mr. Diwakar Gupta (DIN 01274552), be and is hereby appointed as an Independent Director of the Company
2 for0 against
The approval of the Company, be and is hereby accorded to offer, issue and allot Secured and/or Unsecured, Listed and/or Unlisted Non-Convertible Debentures and/or Subordinated Debt instruments and/or other debt securities or bonds for an aggregate value of upto the Rupee equivalent of US$ 400 Million on private placement basis, to any body corporate, fund, trust, institution, firm, society, individual or person, in such form, manner, tranches, within such period, and upon such terms and conditions (the issue) as the Board of Directors of the Company or Committee thereof (hereinafter referred to as “the Board”), may in its absolute discretion deem fit and proper.MoreLess
1 for0 against
The approval of the Company, be and is hereby accorded to offer, issue and allot Secured and/or Unsecured, Listed and/or Unlisted Non-Convertible Debentures and/or Subordinated Debt instruments and/or other debt securities or bonds for an aggregate value of upto the Rupee equivalent of US$ 400 Million on private placement basis, to any body corporate, fund, trust, institution, firm, society, individual or person, in such form, manner, tranches, within such period, and upon such terms and conditions (the issue) as the Board of Directors of the Company or Committee thereof, may in its absolute discretion deem fit and proper.MoreLess
1 for0 against
To issue non-convertible debentures aggregating USD 300.0 mn (Rs.18.6 bn) on private placement basis
1 for0 against

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