Lakshmi Vilas Bank (Delisted) MD, chairman, board of directors and AGM

BSE: 534690

Last traded ₹7.65 on 25 Nov 2020

Delisted on 18 Dec 2020.

Lakshmi Vilas Bank 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.Lakshmi Vilas Bank share news and announcements

Annual general meeting, 25 Sep 2020

Present: 16 promoters and 155 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statements of the bank for the year ended 31st March 2020 and the Report of the Directors’ and the Auditors’ thereon.
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  2. Appointment of Director in place of Shri N Sairprasad who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    39.40% for60.60% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.11%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  3. Appointment of Statutory Auditors.
    Ordinary
    39.36% for60.64% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.17%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  4. Appointment of Branch Auditors.
    Ordinary
    39.36% for60.64% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.17%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  5. Appointment of Shri S Sundar as Managing Director & CEO (Interim) of the Bank of the Bank, not liable to retire by rotation.
    Ordinary
    39.40% for60.60% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.11%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  6. Appointment of Shri Gorinka Jaganmohan Rao as Non-Executive and Independent Director of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Ordinary
    39.35% for60.65% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.18%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  7. Appointment of Shri Raghuraj Gujjar as Non-Executive and Non-Independent Director of the Bank, liable to retire by rotation.
    Ordinary
    39.19% for60.81% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.42%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  8. Appointment of Shri Shakti Sinha as Non-Executive and Independent Director of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  9. Appointment of Shri Satish Kumar Kalra as Non-Executive and Independent Director of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  10. Appointment of Smt. Meeta Makhan as Non-Executive and Independent Director of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  11. Appointment of Shri K R Pradeep as Non-Executive and Non-Independent Director of the Bank, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    39.18% for60.82% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.45%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  12. Re-Appointment of Shri BK Manjunath as Non-Executive and Independent Director of the Bank, of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Special
    39.18% for60.82% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.44%

    Turnout: all 38.29% · promoters 99.81% · institutions 40.32% · other public 32.50%

  13. Re-Appointment of Shri YN Lakshminarayana Murthy as Non-Executive and Independent Director of the Bank, for a period of 2 (two) years, not liable to retire by rotation.
    Special
    39.25% for60.75% against

    Against: promoters 19.05% · institutions 99.72% · other public 62.33%

    Turnout: all 38.28% · promoters 99.81% · institutions 40.32% · other public 32.49%

  14. Increasing the Authorized Share Capital of the Bank and amendment to the Clause 6 (Capital Clause) of the Memorandum of Association.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 41.02% · promoters 99.81% · institutions 57.95% · other public 32.50%

  15. Raising of capital through FPO, QIP, GDR, ADR etc.
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 41.02% · promoters 99.81% · institutions 57.95% · other public 32.50%

  16. Approval for borrowing / raising funds in Indian / Foreign currency by issue of debt securities to eligible investors on private placement basis.
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.39%

    Turnout: all 41.01% · promoters 99.81% · institutions 57.95% · other public 32.49%

  17. Increasing of Investment limit of FPIs, NRIs in the Bank.
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 41.02% · promoters 99.81% · institutions 57.95% · other public 32.50%

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 2019, 9 resolutions

Present: 8 promoters and 98 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statements of the bank for the year ended 31st March 2019 and the Report of the Directors’ and the Auditors’ thereon.
    Ordinary
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 4.85% · other public 0.00%

    Turnout: all 18.61% · promoters 80.99% · institutions 12.68% · other public 14.43%

  2. Appointment of Director in place of Shri G Sudhakara Gupta who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 2.94% · other public 0.01%

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  3. Appointment of Statutory Auditors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  4. Appointment of Branch Auditors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  5. Appointment of Shri N Saiprasad as Director of the Bank, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  6. Appointment of Smt. Supriya Prakash Sen as an Independent Director of the Bank.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  7. Increasing the Authorized Share Capital of the Bank and amendment to the Clause 6 (Capital Clause) of the Memorandum of Association.
    Ordinary
    99.98% for0.02% against

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

    Turnout: all 20.27% · promoters 80.99% · institutions 20.94% · other public 14.43%

  8. Raising of capital through QIP, GDR, ADR etc.
    SpecialPromoters have an interest in it
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 2.74% · other public 0.00%

    Turnout: all 23.00% · promoters 80.99% · institutions 34.49% · other public 14.43%

  9. Approval for borrowing / raising funds in Indian / foreign currency by issue of debt securities to eligible investors on private placement basis.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 21.38% · promoters 80.99% · institutions 26.42% · other public 14.43%

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.

Extraordinary general meeting, 20 May 2019, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve the issue of up to 1,68,00,000 Equity Shares of face value of INR 10/- each, on a Preferential Allotment Basis (the “Issue”) to M/s. Indiabulls Housing Finance Limited (“IHFL”).
    Special
    100.00% for0.00% against

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, 8 Aug 2018, 8 resolutions

Present: 15 promoters and 92 others.The company's voting result (opens in a new tab)

  1. Adoption of audited financial statements of the Bank for the year ended 31st March 2018 and the Report of the Directors' and Auditors' thereon
    Ordinary
    92.15% for7.85% against

    Against: promoters 0.00% · institutions 11.10% · other public 9.45%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Appointment of Director in place of Smt. Anuradha Pradeep who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    92.80% for7.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.46%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. Appointment of Statutory Auditors.
    Ordinary
    92.16% for7.84% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.61%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Appointment of Branch Auditors.
    Ordinary
    92.15% for7.85% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.61%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Appointment of Shri G Sudhakara Gupta as Director of the Bank, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    92.09% for7.91% against

    Against: promoters 0.00% · institutions 11.96% · other public 9.46%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. Appointment of Shri H S Upendra Kamath as an Independent Director of the Bank.
    Ordinary
    92.81% for7.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.45%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  7. Raising of capital through QIP, GDR, ADR etc.
    SpecialPromoters have an interest in it
    99.32% for0.68% against

    Against: promoters 0.00% · institutions 11.10% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  8. Approval for borrowing / raising funds in Indian / foreign currency by issue of debt securities to eligible investors on private placement basis.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

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

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 27 Sep 2019, 1 fund house

  • Adoption of audited financial statements of the bank for the year ended 31st March 2019 and the Report of the Directors’ and the Auditors’ thereon.
    0 for0 against

    1 abstained

  • Appointment of Director in place of Shri G Sudhakara Gupta who retires by rotation and being eligible, offers himself for re-appointment.
    0 for0 against

    1 abstained

  • Appointment of Statutory Auditors.
    0 for0 against

    1 abstained

  • Appointment of Branch Auditors.
    0 for0 against

    1 abstained

  • Appointment of Shri N Saiprasad as Director of the Bank, liable to retire by rotation.
    0 for0 against

    1 abstained

  • Appointment of Smt. Supriya Prakash Sen as an Independent Director of the Bank.
    0 for0 against

    1 abstained

  • Increasing the Authorized Share Capital of the Bank and amendment to the Clause 6 (Capital Clause) of the Memorandum of Association.
    0 for0 against

    1 abstained

  • Raising of capital through QIP, GDR, ADR etc.
    0 for0 against

    1 abstained

  • Approval for borrowing / raising funds in Indian / foreign currency by issue of debt securities to eligible investors on private placement basis.
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 20 May 2019, 1 fund house

  • To approve the issue of up to 1,68,00,000 Equity Shares of face value of INR 10/- each, on a Preferential Allotment Basis (the “Issue”) to M/s. Indiabulls Housing Finance Limited (“IHFL”).
    0 for0 against

    1 abstained

2 earlier meetings

Mutual fund votes, meeting of 8 Aug 2018, 1 fund house

  • Adoption of audited financial statements of the Bank for the year ended 31st March 2018 and the Report of the Directors' and Auditors' thereon
    0 for0 against

    1 abstained

  • Appointment of Director in place of Smt. Anuradha Pradeep who retires by rotation and being eligible, offers herself for re-appointment.
    0 for0 against

    1 abstained

  • Appointment of Statutory Auditors.
    0 for0 against

    1 abstained

  • Appointment of Branch Auditors.
    0 for0 against

    1 abstained

  • Appointment of Shri G Sudhakara Gupta as Director of the Bank, liable to retire by rotation.
    0 for0 against

    1 abstained

  • Appointment of Shri H S Upendra Kamath as an Independent Director of the Bank.
    0 for0 against

    1 abstained

  • Raising of capital through QIP, GDR, ADR etc.
    0 for0 against

    1 abstained

  • Approval for borrowing / raising funds in Indian / foreign currency by issue of debt securities to eligible investors on private placement basis.
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 18 Jul 2017, 1 fund house

  • Adoption of audited financial statements of the bank for the year ended 31st March 2017 and the Report of the Directors' and the Auditors' thereon.
    0 for0 against

    1 abstained

  • Appointment of Branch Auditors.
    0 for0 against

    1 abstained

  • Appointment of Director in place of Shri N. Malayalaramamirtham who retires by rotation and being eligible, offers himself for re-appointment.
    0 for0 against

    1 abstained

  • Appointment of Shri B.K.Manjunath as Non-Executive Chairman of the Bank.
    0 for0 against

    1 abstained

  • Appointment of Shri Hemant Kaul as an Independent Director of the Bank.
    0 for0 against

    1 abstained

  • Appointment of Shri Kusuma R Muniraju as an Independent Director of the Bank.
    0 for0 against

    1 abstained

  • Appointment of Shri N.S. Venkatesh as Executive Director of the Bank.
    0 for0 against

    1 abstained

  • Appointment of Shri Y. N. Lakshminarayana Murthy as an Independent Director of the Bank.
    0 for0 against

    1 abstained

  • Appointment of Smt. Anuradha Pradeep as Director of the Bank, liable to retire by rotation.
    0 for0 against

    1 abstained

  • Appointment of Statutory Auditors.
    0 for0 against

    1 abstained

  • Approval for borrowing / raising funds in Indian / foreign currency by issue of debt securities upto $ 250.00 crores to eligible investors on private placement basis.
    0 for0 against

    1 abstained

  • Declaration of Dividend on equity shares.
    0 for0 against

    1 abstained

  • ESOP 2017 scheme approval
    0 for0 against

    1 abstained

  • Raising of capital through QIP, GDR, ADR etc.
    0 for0 against

    1 abstained

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