KSK Energy Ventures MD, chairman, board of directors and AGM

BSE: 532997Power

Trading suspended since 28 May 2024

Last traded ₹0.55 on 15 Jan 2021

KSK Energy Ventures 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.KSK Energy Ventures share news and announcements

Annual general meeting, 30 Sep 2019

Present: 3 promoters and 84 others.The company's voting result (opens in a new tab)

Adoption of audited financial statements (Including consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2019 and the Reports of the Board of Directors and Auditors thereon;MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 32.76% · promoters 86.52% · institutions 22.66% · other public 9.40%
Re-appointment of Mr. K. Bapi Raju as Director
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 32.76% · promoters 86.52% · institutions 22.66% · other public 9.40%
appointment of Mr. N.S. Ramachandran as an Independent Director
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 32.76% · promoters 86.52% · institutions 22.66% · other public 9.40%

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 Sep 2018, 7 resolutions

Present: 2 promoters and 166 others.The company's voting result (opens in a new tab)

Adoption of a) audited financial statements of the Company b) audited consolidated financial statements for the Financial Year ended 31st March, 2018 and the Reports of the Directors and Auditors thereonMoreLess
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Re-appointment of Mr. S. Kishore, Director retires by rotation
OrdinaryPromoters have an interest in it
99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Appointment of Mr. K. Bapi Raju as Director
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Appointment of Ms. Alankrita Soni as an Independent Director
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Appointment of Mr. Abhay M Nalawade as an Independent Director
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Approval of remuneration of Mr. S. Kishore, Whole-time Director
OrdinaryPromoters have an interest in it
99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%
Approval for continuation of Directorship of Mr. T.L. Sankar, Chairman, who has attained the age of 75 years
Special
99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 39.29% · promoters 86.52% · institutions 62.09% · other public 13.57%

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 30 Sep 2019, 1 fund house

Adoption of audited financial statements (Including consolidated Financial Statements) of the Company for the Financial Year ended 31st March, 2019 and the Reports of the Board of Directors and Auditors thereon;MoreLess
1 for0 against
Re-appointment of Mr. K. Bapi Raju as Director
1 for0 against
appointment of Mr. N.S. Ramachandran as an Independent Director
1 for0 against

Mutual fund votes, meeting of 29 Sep 2018, 2 fund houses

Adoption of a) audited financial statements of the Company b) audited consolidated financial statements for the Financial Year ended 31st March, 2018 and the Reports of the Directors and Auditors thereonMoreLess
2 for0 against
Re-appointment of Mr. S. Kishore, Director retires by rotation
2 for0 against
Appointment of Mr. K. Bapi Raju as Director
2 for0 against
Appointment of Ms. Alankrita Soni as an Independent Director
2 for0 against
Appointment of Mr. Abhay M Nalawade as an Independent Director
2 for0 against
Approval of remuneration of Mr. S. Kishore, Whole-time Director
2 for0 against
Approval for continuation of Directorship of Mr. T.L. Sankar, Chairman, who has attained the age of 75 years
2 for0 against

6 earlier meetings

Mutual fund votes, meeting of 25 Sep 2017, 2 fund houses

Approval for issue of securities up to Rs. 5000 crs
1 for0 against
To appoint M/s Jawahar & Associates, Chartered Accountants as the statutory auditors of the Company & to fix their remuneration
1 for0 against
To issue Securities upto Rs. 5000 Crores
1 for0 against
To re-appoint Mr. K Bapi Raju (DIN: 00940849), who retires by rotation and being eligible, offers himself for reappointment as a Director
1 for0 against
To receive, consider and adopt the audited financial statement (including consolidated financial statements) of the Company for the financial year ended 31st March 2017 board of Director & Auditors’ thereonMoreLess
1 for0 against

Mutual fund votes, meeting of 10 Dec 2016, 2 fund houses

Approval for creation of mortgages / hypothecation and/or charge on the assets of the Company upto Rs. 20,000/- crores
1 for0 against
Approval for increasing the borrowing limits of the Company upto Rs. 20,000/- crores
1 for0 against
Authority to the Board to give loans / guarantees / provide security / make investment in any company / body corporate upto Rs. 30,000/- crores
1 for0 against
Creation of charge on assets of the Company : To create mortgages / hypothecation and / or charge in addition to the existing mortgages / hypothecations created/to be created by the Company in such form and manner and with such ranking and on such terms as the Board may determine on all or any of the movable and/or immovable properties, both present and future or substantially the whole of the undertaking(s) or the undertaking(s) of the Company for securing any loan/credit facility obtained or as may be obtained from any Bank or any Consortium of Banks or Financial Institutions or funds or any person or body(ies) from time to time together with interest, costs, charges, expenses and any other money payable by the Company or to create charge to secure any loan taken by other entities / bodies corporate, on such terms and conditions as the Board may deem fit in the interest of the Company provided that the total amount at any point of time shall not exceed the limit of Rs.20,000 Crore (Rupees Twenty Thousand Crore Only) or the aggregate of the paid-up capital and free reserves of the Company, whichever is higher.MoreLess
1 for0 against
Increasing of borrowing limits: Authorise the Board for borrowing any sum or sums of money from time to time from any one or more of the Company’s Bankers and /or from any one or more other persons, firms, bodies corporate or financial institutions whether by way of cash credit, advance or deposits, loans or bills discounting or otherwise and whether unsecured or secured by mortgage, charge, hypothecation or lien or pledge of the Company’s assets and properties whether movable or otherwise or all or any of the undertakings of the Company notwithstanding that the moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) will or may exceed the aggregate of the paid-up share capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose such that the total borrowing shall not exceed Rs.20,000 Crore (Rupees Twenty Thousand Crore only) excluding of any interest or charges but including the borrowing already availed and the Directors are hereby further authorized to execute such deeds and instruments or writings as they think fit and containing such conditions and covenants as the Directors may think fitMoreLess
1 for0 against
Power to give Loans / Guarantees / Provide Security / Make Investment : To authorise the Board to make loan to any person or other body corporate or to give guarantee or provide security in connection with a loan taken by subsidiaries / associates or any person or other body corporate; and to acquire by way of subscription, purchase or otherwise securities of any company/body corporate on such terms and conditions as the Board, may, in its absolute discretion deem fit, notwithstanding the fact that the aggregate of the investments, so far made, or securities so far provided, loan / guarantee so far given by the Company along with the proposed investments which exceeds 60% of the paid up capital and free reserves and securities premium account or 100% of its free reserves and securities premium account, whichever is higher, provided that the maximum amount of investment made or loan/ guarantee given / security provided by the Company shall not exceed the sum of Rs.30,000 Crore (Rupees Thirty Thousand Crore Only) at any point of timeMoreLess
1 for0 against

Mutual fund votes, meeting of 24 Sep 2016, 2 fund houses

Approval for appointment of Ms. Savita Jyoti as a Director of the Company
1 for0 against
Approval for disposal of shares held in Subsidiaries/assets held by Subsidiaries : to divest by way of sale, transfer, lease, assign or hiving off, disposeoff or otherwise transfer to strategic partner / investor / special purpose vehicle company (SPV) or to any third party either the entire investment or any substantial part therof, in one or more of its subsidiary / subsidiaries or dispose of the assets of any of the subsidiary / subsidiries with other integrated facilities and immovable / movable properties, if any, attached thereto, with or without associated liabilities, in one or more tranchesMoreLess
1 for0 against
Approval for issue of Securities : to create, issue, offer and allot (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), through a placement document/offer document and/or prospectus and/or offer letter and/or offering circular, from time to time, in one or more tranches, whether rupee denominated or denominated in foreign currency, in the course of international and/or domestic offering(s) in one or more foreign markets and/or domestic market, for a value of up to Rs.5,000 Crores or any other currencies, representing such number of Equity Shares, preference shares whether Cumulative or Non-cumulative / Redeemable / Convertible at the option of the company and / or at the option of the holders of the security, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), Foreign Currency Exchangeable Bonds (FCEBs) and/or Equity Shares through Depository Receipt Mechanism and/or Fully Convertible Debentures (FCDs) and/or through an institutional placement program under Chapter VIII of the ICDR Regulations and/or Non-Convertible Debentures (NCDs) with or without warrants, or any other financial instruments convertible into or linked to Equity Shares and/or any other instruments and/or combination of instruments with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the Equity Shares or otherwiseMoreLess
1 for0 against
Approval for Related Party Transactions : To authorise the Board of Directors of the Company to ratify, approve and confirm all existing and future Related Party Transactions as defined under Section 188 of Companies Act, 2013 and LODR with related parties which were executed prior to the applicability of LODR and are under execution and other transactions to be entered into by the Company.MoreLess
1 for0 against
Approval to charge from a member in advance, a sum equivalent to the estimated actual expenses for delivery of the documents through a particular mode requested by the member
1 for0 against
Approval to for disposal of shares held in Subsidiaries/assets held by Subsidiaries
1 for0 against
Approval to issue Equity shares, preference shares, Convertible/ Non- Convertible Debentures upto Rs. 5,000 Crores
1 for0 against
Approval to ratify, approve and confirm all existing and future Related Party Transactions
1 for0 against
To appoint Ms. Savita Jyoti as Director of the Company, liable to retire by rotation
1 for0 against
To approve to charge from a member in advance, a sum equivalent to the estimated actual expenses of delivery of the documents through a particular mode if any request has been made by such member for delivery of such document to him through such mode of service provided such request along with the requisite fee has been duly received by the Company at least one week in advance of the dispatch of document by the Company.MoreLess
1 for0 against
To ratify the appointment of M/s. Umamaheswara Rao & Co., Chartered Accountants, Hyderabad (Firm Registration No. 004453S) as Statutory Auditors of the Company and to fix their remuneration
1 for0 against
To re-appoint Mr. Anil Kumar Kutty (DIN: 00055634), who retires by rotation and who being eligible, offers himself for re-appointment as a Director.
1 for0 against
To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended 31st March, 2016 and the reports of the Board of Directors and Auditors thereo n: and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March, 2016 and the report of the Auditors thereon.MoreLess
1 for0 against

Mutual fund votes, meeting of 26 Aug 2015, 3 fund houses

Adoption of financial statements for the year ended 31 March 2015
1 for0 against
Appoint Ms. Shubhalakshmi Panse as an Independent Director for a period of five years from 30 March 15
1 for0 against
Appointment of Mrs. Shubhalakshmi Panse as an Independent Director of the Company to hold office for 5 years w.e.f.. March 30, 2015
1 for0 against
Approval for conversion of loan to Equity Share Capital of the Company
1 for0 against
Conversion of Loan into Equity Share Capital
1 for0 against
Mrs. Shubhalakshmi Panse, be and is hereby appointed as an Independent Director of the Company to hold office for five consecutive years commencing from 30 March, 2015, not liable to retire by rotationMoreLess
1 for0 against
Ratify Umamaheswara Rao & Co as statutory auditors
1 for0 against
Reappoint Tanmay Das as Director
1 for0 against
To authorise the Board in respect of the financial assistance extended / to be extended by the Financial Institutions/Banks (including a Rupee Term Loan Facility availed or to be availed) such that in the event of default by the Company under the lending arrangements or upon exercise of an option provided under the lending arrangements, Bank(s) / Financial Institution(s) at its option may be able to convert the outstanding facility or part thereof to ordinary Equity Shares in the Company upon such terms and conditions of such lending arrangements and or as deemed appropriate by the Board and at a price to be determined in accordance with the applicable SEBI regulations at the time of conversion.MoreLess
1 for0 against
To ratify the appointment of M/s. Umamaheswararao & Co., Chartered Accountants, Hyderabad as Statutory Auditors of the Company and to fix their remuneration
1 for0 against
To re-appoint Mr. Tanmay Das (DIN: 00680042), who retires by rotation and who being eligible, offers himself for re-appointment as a Director
1 for0 against
To receive, consider and adopt the audited financial statements (including audited consolidated financial statements) for the Financial Year ended 31 March, 2015 and the Reports of the Directors and Auditors thereon.MoreLess
1 for0 against

Mutual fund votes, meeting of 27 Sep 2014, 4 fund houses

Adoption of Accounts
1 for0 against
Adoption of new set of Articles of Association by replacing the existing Articles of Association
1 for0 against
Alteration of Articles of Association
1 for0 against
Alteration of Articles of Association of the Company
1 for0 against
Appointment of M/s Umamaheswara Rao & Co, Chartered Accountants as Auditors
1 for0 against
Appointment of Mr. Girish N. Kulkarni as an Independent Director of the Company for a period of 5 yrs.
1 for0 against
Appointment of Mr Girish N. Kulkarni as an Independent Director to hold office for five consecutive years.
Against Bandhan Mutual Fund
Bandhan Mutual FundGirish Kulkarni is on the board of the company for the past 12 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the company, he is considered non-independent. However, if the company believes that it will benefit from Girish Kulkarni serving on the board, it must consider appointing him as a non-independent director and induct additional independent directors to ensure that the board composition meets the requirements of Clause 49 of the Listing Agreement.
1 for1 against
Appointment of Mr Girish N Kulkarni as Independent Director
1 for0 against
Appointment of Mr. S.R. Iyer as an Independent Director of the Company for a period of 5 yrs.
1 for0 against
Appointment of Mr S.R. Iyer as an Independent Director to hold office for five consecutive years.
2 for0 against
Appointment of Mr S R Iyer as Independent Director
1 for0 against
Appointment of Mr. T.L. Sankar as an Independent Director of the Company for a period of 5 yrs.
1 for0 against
Appointment of Mr T.L.Sankar as an Independent Director to hold office for five consecutive years.
Against Bandhan Mutual Fund
Bandhan Mutual FundTL Sankar is the Former Chairman of Andhra Pradesh State Electricity Board. He is on the board of the company for the past 13 years. The length of tenure tends to be inversely proportionate to the independence of a director. Due to his long association (>10 years) with the company, he is considered non-independent. However, if the company believes that it will benefit from TL Sankar serving on the board, it must consider appointing him as a non-independent director and induct additional independent directors to ensure that the board composition meets the requirements of Clause 49 of the Listing Agreement
1 for1 against
Appointment of Mr T L Sankar as Independent Director
1 for0 against
Authority to the Board to give loans/make investments upto Rs. 15,000 crore
1 for0 against
Borrow upto Rs 15,000 crore
1 for0 against
Creation of Charge on the properties of the company
2 for0 against
Increase in the borrowing limits of the Company upto Rs. 15,000 crore
1 for0 against
Re-appointment of Mr K A Sastry as Whole-time Director
1 for0 against
Re-appointment of Mr K. A. Sastry as Whole time Director and fixation of remuneration
1 for0 against
Re-appointment of Mr K. A. Sastry as Whole time Director and remuneration as it may deem fit and as may be acceptable by Mr Sastry ,subject to the same not exceeding the limits specified under section 197MoreLess
1 for0 against
Re-appointment of Mr. K.A. Sastry as Whole time director of the Company for a period of 5 yrs. w.e.f. April 1, 2015 and to approve his terms of appointment
1 for0 against
Re-appointment of Mr K Bapi Raju as Director
1 for0 against
Re-appointment of Mr S Kishore as Whole-time Director
1 for0 against
Re-appointment of Mr S. Kishore as Whole time Director and fixation of remuneration
1 for0 against
Re-appointment of Mr S. Kishore as Whole time Director and remuneration as it may deem fit and as may be acceptable by Mr Kishore,subject to the same not exceeding the limits specified under section 197MoreLess
1 for0 against
Re-appointment of Mr. S. Kishore as Whole time director of the Company for a period of 5 yrs. w.e.f. April 1, 2015 and to approve his terms of appointment
1 for0 against
The Article of Association submitted to this meeting be and are hereby approved and adopted in substitution and to the entire exclusion of the regulations contained in the existing Article of Associationof the Company.MoreLess
1 for0 against
The company hereby accords its consent to the Board of Directors for borrowing any sum or sums of money from time to time from any one or more of the Company's, bankersand /or from any one or more other persons,firms, bodies,corporate, or financial institutions whether by way of cash credi, advance or deposits, loans or bills discounting or otherwise and whether unsecured or secured by mortgage, charge, hypothecation or lien or pledge of the Company's assets and properties whether movable or otherwise or all or any of the undertakings of the Company will or may exceed the aggregate of the paid-up capital of the Company and its free reserves the total borrowings shall not exceed Rs 15,000 Crores.MoreLess
Against Bandhan Mutual Fund, ICICI Prudential Mutual Fund
Bandhan Mutual FundKSK Energy is highly leveraged. As on 31 March 2014, the company’s consolidated borrowing was ~Rs.151.3 bn and net worth was Rs.29.9 bn. Debt to EBIDTA ratio was 22.6x and debt to equity ratio was 5.1x for the year ended 31 March 2014. KSK Energy’s performance has deteriorated significantly. Although at a standalone level, the company was profitable in FY14, it reported a consolidated loss for the year. First quarter performance in FY15 has been weak: the company has reported a net loss for the quarter. Margins have been fluctuating. Given the financial performance, the company must consider paring down its debt rather than increasing the borrowing limit.
ICICI Prudential Mutual FundThe Debt:Equity Ratio of the Company is high and hence any further raising of Debt will deteriorate the ratio further.
0 for2 against
The consent of the Company be and is hereby accorded to the Board of Directors of the Company to create mortgages/hypothecation and/or charge in addition to the existing mortagages/hypothecations created/to be created by the CompanyMoreLess
Against ICICI Prudential Mutual Fund
ICICI Prudential Mutual FundThe Debt:Equity Ratio of the Company is high and hence any further raising of Debt will deteriorate the ratio further.
0 for1 against
The consent of the Company be and is hereby accorded to the Board of Directors of the Company to create mortgages/hypothecation and/or charge in addition to the existing mortagages/hypothecations created/to be created by the Company in such form and manner and with such ranking and on such terms as the Board may determine.MoreLess
1 for0 against
The consent of the company be and is hereby accorded to the Board of Directors of the Company to make/ give from time ti time, any loan/advances/deposits/investment in shares, debentures and or other seecurities and to give , on behalf of the Company any guarantee and/or provide any security in connection with any loan or loans made by any person to or to any other person by any other person companies body corporates which shall be subject to aggregate limit of Rs 15,000 Crores.MoreLess
Against Bandhan Mutual Fund
Bandhan Mutual FundAs per section 186 of the Companies Act 2013, the threshold for inter-corporate transactions beyond which KSK Energy will require consent of shareholders is Rs.22.3 bn. As on 31 March 2014, the company’s inter-corporate transaction was Rs.61.5 bn. The company now seeks approval for further inter-corporate transactions aggregating upto Rs.150.0 bn, which is significantly higher than the outstanding amount. As per the company, it will need the fund for the ongoing projects, capital expenditure requirement, and to achieve long term strategic objectives. However, the company has not provided details around the inter-corporate transactions. There is no clarity about the form and amount of transactions, nor details about the counter-parties. Further the company is highly leveraged and its financial performance has been deteriorated during the last two years (refer resolution 10 above).
0 for1 against
The consent of the company be and is hereby accorded to the Board of Directors of the Company to make/ give from time to time, any loan/advances/deposits/investment in shares, debentures and or other seecurities and to give , on behalf of the Company any guarantee and/or provide any security in connection with any loan or loans made by any person to or to any other person by any other person companies body corporates which shall be subject to aggregate limit of Rs 15,000 Crores.MoreLess
Against ICICI Prudential Mutual Fund
ICICI Prudential Mutual FundThe Debt:Equity Ratio of the Company is high and hence any further raising of Debt will deteriorate the ratio further.
0 for1 against
To appoint M/s Umamaheswara Rao & Co Chartered Accountants Hyderabad as Statutory Auditors of the Company and to fix their remuneration.
1 for0 against
To appoint M/s Umamaheswara Rao & Co Chartered Accountants Hyderabad as Statutory Auditors of the Company to hold office from the conclusion of this meeting for 3 consecutive years till the conclusion of the 17th Annual General Meeting of the Company in the calender year 2017 and to fix their remuneration.MoreLess
Against Bandhan Mutual Fund
Bandhan Mutual FundKSK Energy proposes to reappoint Umamaheswara & Co as statutory auditors: Umamaheswara & Co have been KSK Energy’s statutory auditors for the past 11 years. The reappointment is not in line with the spirit of Section 139 of the Companies Act 2013. Under section 139 of the Companies Act 2013, an audit firm’s tenure may extend to a maximum of two consecutive terms of five years each (maximum 10 years). Although the Act has given companies a three-year window to comply, we expects companies to be proactive and start abiding by the spirit of the regulations at the earliest.
0 for1 against
To give loans or make investments for an amount upto Rs 15,000 crore
Against DSP Mutual Fund
DSP Mutual FundAs on 31 March 2014, the company’s inter-corporate transaction was Rs.61.5 bn. The company now seeks approval for further inter-corporate transactions aggregating upto Rs.150.0 bn, which is significantly higher than the outstanding amount. As per the company, it will need the fund for the ongoing projects, capital expenditure requirement, and to achieve long term strategic objectives. However, the company has not provided details around the inter-corporate transactions. There is no clarity about the form and amount of transactions, nor details about the counter-parties.
0 for1 against
To re-appoint Mr. K Bapi Raju, who retires by rotation and who being eligible, offers himself for re-appointment as a Director.
2 for0 against
To receive consider and adopt the Audited balance sheet as at 31 March 2014 and the statement of Profit and Loss for the year ended as on that date together with the reports of Directors and Auditors thereon.MoreLess
1 for0 against
1 abstained

Mutual fund votes, meeting of 24 May 2014, 2 fund houses

Board be and is hereby authorized to, on behalf of the Company, create, offer, issue and allot up to 15,00,00,000 Warrants (“Warrants”) on a preferential allotment basis, to KSK Energy Limited, a promoter company incorporated in Mauritius either directly or through any of its affiliates or subsidiaries in India or outside India, which shall be exercisable into equity shares of the Company at the option of the Warrant holder at an issue/exercise price of Rs. 70 per Equity Share no later than 18 months from the date of their allotment in accordance with the SEBI ICDR Regulations or other provisions of the law as may be prevailing at the time of allotment of equity shares/ exercise of warrantsMoreLess
0 for0 against
1 abstained
To, create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company, as may be permitted), either in India or in the course of inter national offering(s) in one or more foreign markets, equity shares of the Company with a face value of Rs. 10/- (Rupees Ten Only) each (the “Equity Shares”), as may be decided by the Board at its discretion and permitted under applicable laws and regulations for an aggregate amount not exceeding Rs. 10,00,00,00,000 (Rupees One Thousand Crores Only) or equivalent thereof inclusive of such premium as may be fixed on such SecuritiesMoreLess
0 for0 against
1 abstained
To create, issue, offer and allot securities of value upto Rs. 1,000 crores
1 for0 against
To create, offer, issue and allot upto 15,00,00,000 Warrants on preferential basis to KSK Energy Limited, a promoter company
Against HDFC Mutual Fund
HDFC Mutual FundPricing of warrants is on a steep discount to the current market price.
0 for1 against

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