Lloyds Enterprises MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 9 Jan 2026, 5 fund houses

• 1. (a) TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH CROSSLINK FOOD AND FARMS PRIVATE LIMITED.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundTransparency Concern: Inconsistent Transactions – The Company is proposing to avail borrowings from its Promoter Entity, while also providing financial guarantees to the same Entity. It appears contradictory as the Explanatory Statement has expressed that the Company shall require borrowings and advances from the Promoter Entity, while at the same time, the Company is seeking approval to extend guarantees to the same Entity. Enabling Approval, & Inadequate Disclosures with regards to Particulars of the loans / guarantees /investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate description of nature of transactions. Specific Approval is being sought without providing adequate details with regards to the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice .Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. It is not clear if the proposed Entities are having the financial viability to undertake the proposed Related Party Transactions Quantum.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundTransparency Concern: Inconsistent Transactions – The Company is proposing to avail borrowings from its Promoter Entity, while also providing financial guarantees to the same Entity. It appears contradictory as the Explanatory Statement has expressed that the Company shall require borrowings and advances from the Promoter Entity, while at the same time, the Company is seeking approval to extend guarantees to the same Entity. Non-Compliant as per SEBI Guidelines: Enabling Approval, & Inadequate Disclosures w.r.t Particulars of the loans / guarantees / investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate Description of Nature of Transactions as required under the ISF Format. Specific Approval is being sought without providing adequate details w.r.t. the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice. Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. Transparency Concern: It is not clear if the proposed Entities are having the financial viability to undertake the proposed RPT Quantum. It is not clear if the Company is proposing three separate RPTs under Resolution #1, or if the Voting shall be allowed separately for each transaction.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• 1. (b) TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH GEOMYSORE SERVICES INDIA PVT LTD.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundEnabling Approval, & Inadequate Disclosures with regards to Particulars of the loans / guarantees /investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate description of nature of transactions. Specific Approval is being sought without providing adequate details with regards to the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice .Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. It is not clear if the proposed Entities are having the financial viability to undertake the proposed Related Party Transactions Quantum. It is not clear if the Company is proposing three separate RPTs under Resolution #1, or if the Voting shall be allowed separately for each transaction.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant as per SEBI Guidelines: Enabling Approval, & Inadequate Disclosures w.r.t Particulars of the loans / guarantees / investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate Description of Nature of Transactions as required under the ISF Format. Specific Approval is being sought without providing adequate details w.r.t. the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice. Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. Transparency Concern: It is not clear if the proposed Entities are having the financial viability to undertake the proposed RPT Quantum. It is not clear if the Company is proposing three separate RPTs under Resolution #1, or if the Voting shall be allowed separately for each transaction.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• 1. (c) TO APPROVE MATERIAL RELATED PARTY TRANSACTIONS WITH PRAKAR ESTATES AND PROMOTERS LLP.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundEnabling Approval, & Inadequate Disclosures with regards to Particulars of the loans / guarantees /investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate description of nature of transactions. Specific Approval is being sought without providing adequate details with regards to the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice .Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. It is not clear if the proposed Entities are having the financial viability to undertake the proposed Related Party Transactions Quantum. It is not clear if the Company is proposing three separate RPTs under Resolution #1, or if the Voting shall be allowed separately for each transaction.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant as per SEBI Guidelines: Enabling Approval, & Inadequate Disclosures w.r.t Particulars of the loans / guarantees / investments. Two or more transactions have been clubbed against the same transaction amount. Inadequate Description of Nature of Transactions as required under the ISF Format. Specific Approval is being sought without providing adequate details w.r.t. the proposed transactions. The transaction is proposed for 3-years; no year-wise break-down (estimate) has been provided in the Notice. Governance Concern: Inadequate Justification as to how the transactions are in the best interest of the Listed Entity. Fairness of the transaction cannot be ascertained due to the non-disclosure of Basis of Arm’s Length Pricing. Transparency Concern: It is not clear if the proposed Entities are having the financial viability to undertake the proposed RPT Quantum. It is not clear if the Company is proposing three separate RPTs under Resolution #1, or if the Voting shall be allowed separately for each transaction.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• 2. TO ADVANCE ANY LOAN GIVE GUARANTEE PROVIDE SECURITY UNDER SECTION 185 OF THE COMPANIES ACT, 2013.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundInadequate disclosures. Generic justification and non-disclosure of the recipient(s) of the investments, loans, guarantees and security.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 185 of the Companies Act: Inadequate disclosures w.r.t. the particulars mandated u/s 185 of Companies Act, 2013. Governance Concern: Enabling Approval with Inadequate disclosures – Generic justification and non-disclosure of the recipient(s) of the investments, loans, guarantees and security.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• 3. TO ADOPT NEW SET OF ARTICLES OF ASSOCIATION.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundProposed Articles of Association contains a clause for the appointment of Alternate Directors for Independent Directors.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI (LODR) Regulations: Proposed AoA contains a clause for the appointment of Alternate Directors for IDs; the same was debarred w.e.f. 1st October, 2018 under Regulation 25 of the SEBI (LODR) Regulations.

  1 for4 against

Mutual fund votes, meeting of 29 Aug 2025, 5 fund houses

• To receive, consider and adopt the audited standalone financial statement of the Company for the Financial Year ended 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.

  5 for0 against
• To receive consider and adopt the audited consolidated financial statement of the Company for the Financial Year ended 31st March, 2025 and the report of Auditors thereon

  5 for0 against
• To appoint Mr. Rajesh Gupta (DIN: 00028379) as a director liable to retire by rotation

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundTransparency Concern: Ambiguity With regards to two Full-Time Positions held by the Director.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of the Appointee. Transparency Concern: Ambiguity w.r.t. two Full-Time Positions held by the Director.

  1 for4 against
• Declaration of dividend for the Financial Year ended 31st March, 2025

  5 for0 against
• Appointment of M/s. Mitesh Shah & Co., Company Secretaries as the Secretarial Auditor of the Company for term of five (5) Consecutive Years and Fixation of Remuneration

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundTransparency Concern: Previous Auditor’s remuneration has not been disclosed; the Company has not addressed if there is any Material Change in the Audit Fee.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Previous Auditor’s remuneration has not been disclosed; the Company has not addressed if there is any Material Change in the Audit Fee.

  1 for4 against
• Continuation of directorship of Mr. Jagannath P. Dange (DIN: 01569430), Director in terms of Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundGovernance Concern: Prolonged association with the Group: Proposed continuation will lead to more than 10 years’ association with the Group, which may compromise the independence of the Director.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Prolonged association with the Group: Proposed continuation will lead to more than 10 years’ association with the Group, which may compromise the independence of the Director.

  1 for4 against
• Approval for revision of Remuneration of Managing Director of the Company

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundGovernance Concern: No cap has been placed on Variable Pay; there may arise a case of excessive remuneration,as the Board has the discretion to determine the Variable Pay. Combined Position of Board Chairperson & Managing Director; it may lead to concentration of powers in a single Director.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: No cap has been placed on Variable Pay; there may arise a case of excessive remuneration, as the Board has the discretion to determine the Variable Pay. Combined Position of Board Chairperson & Managing Director; it may lead to concentration of powers in a single Director.

  1 for4 against

Mutual fund votes, meeting of 6 Jul 2025, 5 fund houses

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

• Approval for Lloyds Enterprises Limited Employee Stock Option Plan – 2025

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Potential Significant Benefit arising to a single Employee.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Potential Significant Benefit arising to a single Employee.

  0 for4 against
• Approval of grant of options to the employees of subsidiary company, in India or outside India under Lloyds Enterprises Limited Employee Stock Option Plan – 2025

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Potential Significant Benefit arising to a single Employee.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundInter-linked with Resolution #1.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval of grant of options to the employees of associate company, in India or outside India under Lloyds Enterprises Limited Employee Stock Option Plan – 2025

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundGovernance Concern: Scheme benefit extended to Associate Companies without affirmation on cost reimbursement provision.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundInter-linked with Resolution #1. Governance Concern: Scheme benefit extended to Associate Companies without affirmation on cost reimbursement provision.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for the provision of loan by the company for the purchase of its own shares by the trust / trustees for the benefit of employees under Lloyds Enterprises Limited Employee Stock Option Plan – 2025MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundNon-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance Concern: Potential Significant Benefit arising to a single Employee.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundInter-linked with Resolution #1.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited).

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity with regard to how these transactions are classified as ordinary course of business. Inadequate disclosures on past transactions with related parties.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity w.r.t. how these transactions are classified as OCOB. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Lloyds Metals and Energy Limited.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity with regard to how these transactions are classified as ordinary course of business. Inadequate disclosures on past transactions with related parties.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity w.r.t. how these transactions are classified as OCOB. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Lloyds Realty Developers Limited.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity with regard to how these transactions are classified as ordinary course of business. Inadequate disclosures on past transactions with related parties.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Ambiguity w.r.t. how these transactions are classified as OCOB. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Indrajit Properties Private Limited.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity with regard to prior approval and how these transactions are classified as ordinary course of business. Inadequate disclosures on past transactions with related parties.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity w.r.t. prior approval and how these transactions are classified as OCOB. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Lloyds Infrastructure & Construction Limited.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing.Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Inadequate disclosures on past transactions with related parties
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity regarding prior approval. Inadequate Description of Nature of Transactions. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against
• Approval for material related party transaction with Lloyds Metals & Minerals Trading LLP.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundOmnibus Approval being sought for more than one year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity with regard to prior approval and how these transactions are classified as ordinary course of business. Inadequate disclosures on past transactions with related parties.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliance: Omnibus Approval being sought for more than 1-year. Governance Concern: Non-Disclosure of Basis of Pricing. Inadequate Justification as to how the proposed RPTs benefit the Company. Transparency Concern: Ambiguity w.r.t. prior approval and how these transactions are classified as OCOB. Inadequate disclosures on past transactions with related parties.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  0 for5 against