McDowell Holdings MD, chairman, board of directors and AGM

BSE: 532852Finance

Trading suspended since 6 Sep 2022

Last traded ₹68.75 on 5 Sep 2022

McDowell Holdings 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.McDowell Holdings share news and announcements

Annual general meeting, 22 Jan 2026

45,555 shareholders on the register on 15 Jan 2026; present: 0 promoters and 4 others; votes counted by ANAND KHANDELIA / ANAND KHANDELIA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Resolution Professional and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.20%

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, 7 Nov 2024, 1 resolution

Present: 0 promoters and 7 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Resolution Professional and Auditors thereon.
    Ordinary
    0.01% for99.99% against

    Against: promoters 0.00% · institutions 100.00% · other public 99.75%

    Turnout: all 20.41% · promoters 0.00% · institutions 99.85% · other public 1.37%

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, 30 Sep 2022, 1 resolution

Present: 0 promoters and 47 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements of the Company for the year ended March 31, 2022 and the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports of the Auditors and Directors thereon.MoreLess
    Ordinary
    33.98% for66.02% against

    Against: promoters 0.00% · institutions 47.08% · other public 98.10%

    Turnout: all 32.16% · promoters 0.00% · institutions 98.98% · other public 15.44%

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, 25 Nov 2021, 4 resolutions

Present: 0 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended March 31, 2021 and the Reports of the Director`s and Auditors thereonMoreLess
    Ordinary
    63.33% for36.67% against

    Against: promoters 0.00% · institutions 46.68% · other public 11.16%

    Turnout: all 28.40% · promoters 0.00% · institutions 99.83% · other public 10.36%

  2. To appoint Ms Sarvamangala Hadapada (DIN 08395454) as an Independent Director not liable to retire by rotation for 2 years
    Ordinary
    0.75% for99.25% against

    Against: promoters 0.00% · institutions 99.15% · other public 99.49%

    Turnout: all 28.40% · promoters 0.00% · institutions 99.83% · other public 10.36%

  3. To appoint Mr Theerthesh B S (DIN 08955326) as an Independent Director not liable to retire by rotation for 2 years
    Ordinary
    0.75% for99.25% against

    Against: promoters 0.00% · institutions 99.15% · other public 99.49%

    Turnout: all 28.40% · promoters 0.00% · institutions 99.83% · other public 10.36%

  4. To appoint Mr G Sreenivas (DIN 07805594) as an Non Executive Director liable to retire by rotation
    Ordinary
    0.75% for99.25% against

    Against: promoters 0.00% · institutions 99.15% · other public 99.49%

    Turnout: all 28.40% · promoters 0.00% · institutions 99.83% · other public 10.36%

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 2020, 4 resolutions

Present: 0 promoters and 33 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31,2020 and the Reports of the Auditors and Directors thereon.
    Ordinary
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 26.64%

    Turnout: all 21.70% · promoters 0.00% · institutions 57.25% · other public 0.98%

  2. To appoint a Director in place of Ms. Tushita Patel (DIN 07017591), who retires by rotation and, being eligible, offers herself for re-appointment.
    Ordinary
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.23%

    Turnout: all 21.70% · promoters 0.00% · institutions 57.25% · other public 0.98%

  3. To appoint Mr. Raghuveeran Kasargod (DIN: 00231382) as an Independent Director of the Company of the Company, not liable to retire by rotation, for a period of 3 years effective September 26, 2019
    Ordinary
    98.59% for1.41% against

    Against: promoters 0.00% · institutions 0.00% · other public 51.10%

    Turnout: all 21.70% · promoters 0.00% · institutions 57.25% · other public 0.98%

  4. To appoint Mr. Girish Datar (DIN:0008756491) as an Independent Director of the Company, not liable to retire by rotation, for a period of 3 years effective June 15, 2020
    Ordinary
    98.83% for1.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 42.37%

    Turnout: all 21.70% · promoters 0.00% · institutions 57.25% · other public 0.98%

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.

Postal ballot, 27 Dec 2019, 1 resolution

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

  1. APPROVAL OF THE MEMBERS FOR THE ALTERATION OF THE MEMORANDUM OF ASSOCIATION OF THE THE COMPANY BY SUBSTITUTING THE EXISTING SUB-CLAUSE 4(a) UNDER PART-A OF CLAUSE III BY A NEW SUB CLAUSE 4(a) BY WAY OF SPECIAL RESOLUTION.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.23%

    Turnout: all 11.64% · promoters 0.00% · institutions 31.35% · other public 0.10%

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, 28 Sep 2018, 2 resolutions

Present: 0 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Adoption of Accounts for the year ended March 31, 2018 and the Reports of the Auditors and Directors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 21.14% · promoters 0.00% · institutions 99.08% · other public 0.05%

  2. Re-appointment of Mrs. Tushita Patel as Director (DIN-07017591), liable to retire by rotation
    Ordinary
    99.92% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.23%

    Turnout: all 21.14% · promoters 0.00% · institutions 99.08% · other public 0.05%

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 28 Sep 2015, 1 fund house

  • 1) Adoption of Financial Statements for the year ended March 31, 2015 and Reports of the Directors and Auditors theron.
    Against SBI Mutual Fund
    • SBI Mutual FundAuditor has made the following negative remarks 1> liabilities recognized as contingent liability instead of recognizing it in accounts, 2> recognizing loan to group company as good and recoverable whereas the group company is involved in several litigations including winding up petitions and 3> not providing for decline in carrying value of investments despite significant fall in value of investments.
    0 for1 against
  • 2) Ratification of appointment of Messers. Vishnu Ram & Co, as the Statutory Auditors & fix their remuneration.
    Against SBI Mutual Fund
    • SBI Mutual FundVishnu Ram & Co were reappointed as statutory auditors for a period of three years at the 2014 AGM. Vishnu Ram & Co have been McDowell’s statutory auditors for the past 10 years. Under Section 139 of the Companies Act 2013, an audit firm’s tenure (including network firms) may extend to a maximum of two consecutive terms of 5 years each (maximum 10 years).
    0 for1 against
  • 3) Appointment of Ms. Tushita Aakar Patel as a Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 14 Oct 2014, 1 fund house

  • 1) Alteration of the Main Objects clause of the Memorandum of Association of the Company.
    1 for0 against
  • 2) Deletion of the Other Objects Clause of the Memorandum of Association of the Company
    1 for0 against
  • 3) Amendment of the Liability clause of the Memorandum of Association of the Company
    1 for0 against
  • 4) To enter into a contract / arrangement with Mangalore Chemicals & Fertilizers Limited in respect of sale of raw materials by the Company to MCF for an estimated amount of up to Rs.50 crores.
    1 for0 against

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