JMC Projects (india) (Delisted) MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 14 Jul 2021, 5 fund houses

• To consider and adopt the Audited Standalone and Consolidated Financial Statements etc. of the Company for the Financial Year ended March 31, 2021.

  5 for0 against
• To declare a Final Dividend of ₹ 0.70 (Paise Seventy only) per equity share of face value of ₹ 2/- each, for the financial year 2020-21.

  5 for0 against
• To appoint a Director in place of Mr. Manish Mohnot (DIN: 01229696), who retires by rotation and being eligible, offers himself for re-appointment.

  4 for0 against

  1 abstained

• To re-appoint M/s. B S R & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company for second term of 5 (five) consecutive years.

  ›Against Kotak Mahindra Mutual Fund

  • Kotak Mahindra Mutual FundNon-compliant with provisions of Section 139 of Companies Act 2013. Audit Fee payable not disclosed.

  4 for1 against
• To ratify remuneration of Cost Auditors for the Financial Year 2021-22.

  5 for0 against
• To appoint Mr. Amit Uplenchwar (DIN: 06862760) as a Director of the Company.

  4 for0 against

  1 abstained

• To approve change in terms of employment of Mr. Shailendra Kumar Tripathi (DIN: 03156123).

  5 for0 against
• To appoint Branch Auditor(s) of any branch office of the Company.

  5 for0 against

Mutual fund votes, meeting of 11 Aug 2020, 5 fund houses

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

• To consider and adopt the Audited Standalone and Consolidated Financial Statements etc. of the Company for the Financial Year ended March 31, 2020.

  4 for0 against
• To ratify remuneration of Cost Auditors for the F.Y. 2020-21.

  2 for0 against
• To ratify remuneration of Cost Auditor for the F.Y. 2019-20.

  2 for0 against
• To appoint a Director in place of Mr. Kamal Jain (DIN: 00269810), who retires by rotation and being eligible, offers himself for re-appointment.

  4 for0 against

  1 abstained

• To declare a Final Dividend of ₹ 0.70 (Paise Seventy only) per equity share of face value of ₹ 2/- each, for the financial year 2019-20.

  5 for0 against

Mutual fund votes, meeting of 29 Jul 2019, 5 fund houses

• To consider and adopt the Audited Standalone and Consolidated Ind AS Financial Statements etc. of the Company for the Financial Year ended March 31, 2019.

  5 for0 against
• To declare a Final Dividend of Rs. 0.70 (Paise Seventy only) per equity share of face value of Rs. 2/- each, for the financial year 2018-19.

  5 for0 against
• To appoint a Director in place of Mr. Manoj Tulsian (DIN: 05117060), who retires by rotation and being eligible, offers himself for re-appointment.

  5 for0 against
• To ratify remuneration payable to Cost Auditors M/s. K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024) for the Financial Year 2019-20.

  5 for0 against
• To re-appoint and fixing the terms of remuneration of Mr. Manoj Tulsian (DIN: 05117060) as Whole-time Director of the Company.

  4 for0 against

  1 abstained

• To re-appoint and fixing the terms of remuneration of Mr. Shailendra Kumar Tripathi (DIN: 03156123) as CEO & Dy. Managing Director of the Company.

  4 for0 against

  1 abstained

• To re-appoint Mr. D. R. Mehta (DIN: 01067895) as an Independent Director of the Company.

  ›Against SBI Mutual Fund

  • SBI Mutual FundD. R. Mehta, 81, a retired IAS officer and former Chairperson of SEBI and Deputy Governor of RBI, has been on the board since December 2008 (10 years). We believe that the length of tenure is inversely proportionate to the independence of a director. We classify D. R. Mehta as Non-Independent due to his long association the company. If the company believes that it will benefit from him serving on the board, it should appoint him as a non-independent director.

  3 for1 against

  1 abstained

• To re-appoint Mr. Shailendra Raj Mehta (DIN: 02132246) as an Independent Director of the Company.

  4 for0 against

  1 abstained

• To re-appoint Ms. Anjali Seth (DIN: 05234352) as an Independent Director of the Company.

  4 for0 against

  1 abstained

• To grant authority to the Board of Directors for creation of charge, security etc. under Section 180(1)(a) of the Companies Act, 2013.

  5 for0 against

Mutual fund votes, meeting of 18 Sep 2018, 6 fund houses

• 1) Approve sub-division of Equity Shares from one share of face value of Rs.10/- per share to five shares of face value of Rs.2/- per share.

  1 for0 against
• 2) Approve alteration of Capital Clause of Memorandum of Association (MoA) to accommodate the sub-division of Equity Shares.

  1 for0 against
• Alteration of Capital Clause of the Memorandum of Association of the Company.

  3 for0 against
• Approval for sub-division of equity shares of face value of Rs.10 each to face value of Rs.2 each

  1 for0 against
• Approval to alter the capital clause of Memorandum of Association

  1 for0 against
• Division of Face Value of Equity Shares of the Company From ₹ 10/- each to ₹ 2/- each

  1 for0 against
• Sub-Division of Face value of equity shares of the Company from Rs.10/- each to Rs.2/-each

  1 for0 against
• Sub-division of the face value of equity shares of the Company from Rs. 10/- each to Rs. 2/- each.

  1 for0 against
• To alter the Capital Clause of the Memorandum of Association of the Company pertaining to Authorised Share Capital

  1 for0 against
• To sub-divide the existing face value of equity shares of Rs. 10/- (Rupees Ten only) to Rs. 2/- (Rupees Two only)

  1 for0 against

Mutual fund votes, meeting of 6 Aug 2018, 6 fund houses

• 1) Adoption of Audited Standalone and Consolidated Financial Statements for the year ended 31st March, 2018 and the Reports of the Directors and Auditors thereon.

  1 for0 against
• 2) To declare Dividend on Equity Shares.

  1 for0 against
• 3) Re-appoint Mr. Hemant Modi as a Director.

  1 for0 against
• 4) Ratify remuneration of Rs.40,000 for M/s. K. G. Goyal & Associates as Cost Auditors for FY19.

  1 for0 against
• 5) Approve issuance of Non-Convertible Debentures (NCDs) on a Private Placement basis up to Rs.1.5 bn.

  1 for0 against
• 6) Approve alteration to Articles of Association (AoA) to allow for one promoter director to retire by rotation.

  1 for0 against
• 7) To charge a fee for delivery of documents to the shareholders through a particular mode, if requested by the shareholder.

  1 for0 against
• 8) Ratify Mr. D. R. Mehta as an Independent Non-Executive Director for his remaining tenure (till 26th September, 2019).

  ›Against SBI Mutual Fund

  • SBI Mutual FundRecent changes in SEBI’s LODR require directors having attained the age of 75 to be reapproved by shareholders through a special resolution. In line with this regulatory change, D R Mehta’s term as an Independent Director requires shareholder approval: he is about 81 years old. He has been on the board as an Independent Director since December 2008. Given his long association (~10 years) with the group, we consider him non-independent. Should the company believe he adds value to board deliberations, it must consider continuing his term as a non-executive non-independent director.

  0 for1 against
• Adoption of Financial Statements of the Company

  1 for0 against
• Approval for fixation of fees for delivery of any document through a particular mode of delivery to a member

  1 for0 against
• Approval for issue of Non-Convertible Debentures on a private placement basis upto Rs. 150 crore

  1 for0 against
• Approve Alteration of Articles of Association

  1 for0 against
• Approve continuation of Mr. D. R. Mehta as Independent Non-Executive Director upon attainment of age of 75 years

  1 for0 against
• Declaration of dividend

  1 for0 against
• Fixation of fees for delivery of any document through a particular mode of delivery to a member

  ›Against Kotak Mahindra Mutual Fund

  • Kotak Mahindra Mutual FundThis might become a deterrence for shareholders to seek information.

  0 for1 against
• Ratification of remuneration payable to M/s. K. G. Goyal & Associates, Cost Accountants for the FY ending 31st March, 2019

  1 for0 against
• Re-appointment of Mr. Hemant Modi, director retiring by rotation

  1 for0 against
• To alter the Articles of Association of the Company.

  3 for0 against
• To alter the Articles of Association of the Company by substituting Article 70 of the AOA of the Company

  1 for0 against
• To appoint a Director in place of Mr. Hemant Modi, who retires by rotation and being eligible, offers himself for re-appointment.

  3 for0 against

  1 abstained

• To approve Continuation of Directorship of Mr. D. R. Mehta (DIN:01067895), Independent Non-Executive Director of the Company, who has already attained the age of 75 (seventy five) years

  1 for0 against
• To charge from the member the fee in advance equivalent to the estimated actual expenses of delivery of the documents, pursuant to any request made by the shareholder for delivery of such document to him/her, through a particular mode of services mentioned above provided such request along with requisite fee has been duly received by the Company at least one week in advance of the dispatch of document by the Company and that no such request shall be entertained by the Company post the dispatch of such document by the Company to the shareholder.MoreLess

  1 for0 against
• To consider and adopt the Audited Standalone and Consolidated Ind AS financial statements etc. of the Company for the Financial Year ended March 31, 2018.

  2 for0 against

  1 abstained

• To continue the Directorship of Mr. D.R. Mehta, Independent Non-Executive Director of the Company.

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundRecent changes in SEBI’s LODR require directors having attained the age of 75 to be reapproved by shareholders through a special resolution. In line with this regulatory change, D R Mehta’s (DIN: 01067895) term as an Independent Director requires shareholder approval: he is about 81 years old. He has been on the board as an Independent Director since December 2008. Given his long association (~10 years) with the group, we consider him non-independent. Should the company believe he adds value to board deliberations, it must consider continuing his term as a non-executive non-independent director.

  1 for1 against

  1 abstained

• To declare dividend for the Financial Year ended March 31, 2018.

  4 for0 against
• To fix fees for delivery of any document through a particular mode of delivery to a member.

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundThe company seeks approval to charge a fee from a shareholder in advance for expenses of delivery of documents through a particular mode, specified / requested from the shareholder. The fee charged will be the estimated expenses of delivery of the documents. Given the nature of the charge, this might become a deterrent for shareholders to seek information from the company.

  1 for1 against
• To issue Non-Convertible Debentures on a Private Placement Basis.

  3 for0 against
• To issue Non-Convertible Debentures on a Private Placement Basis upto Rs.150 crores

  1 for0 against
• To ratify remuneration payable to Cost Auditors M/s. K. G. Goyal & Associates, Cost Accountants for the Financial Year 2018 - 19.

  3 for0 against
• To ratify remuneration payable to M/s. K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024), appointed as the Cost Auditors by the Board of Directors of the Company to conduct the audit of the cost records of the Company for the financial year ending March 31, 2019MoreLess

  1 for0 against
• To receive, consider and adopt the Audited Standalone Ind AS Financial Statements of the Company for the Financial Year ended March 31, 2018 together with the Reports of the Board of Directors and the Auditors thereon; and the Audited Consolidated Ind AS Financial Statements of the Company for the Financial Year ended March 31, 2018 together with the Report of the Auditors thereon.MoreLess

  1 for0 against

Mutual fund votes, meeting of 27 Dec 2017, 3 fund houses

• 1) Authority for creation of charge, security, mortgage, lease, etc. of assets of the Company.

  1 for0 against
• Authority for creation of Charge, Security, etc. upto Rs. 6000 Crores

  1 for0 against
• Special Resolution under Section 180(1)(a) of the Companies Act, 2013 for authority, inter alia, to create charge, mortgage, sale, lease etc. of assets of the Company.

  1 for0 against