Meghmani Organics (Delisted) MD, chairman, board of directors and AGM

Last traded ₹138.25 on 17 May 2021

Delisted on 20 Sep 2021.

Meghmani Organics 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.Meghmani Organics share news and announcements

Meeting called by the tribunal, 28 Jan 2021

Present: 41 promoters and 79 others.The company's voting result (opens in a new tab)

To approve the composite Scheme of arrangement in the nature of Demerger of Agrochemical and Pigment Undertaking of Meghmani Organics Limited to Meghmani Organochem Limited; and amalgamation of remaining business undertaking of Meghmani Organics Limited with Meghmani Finechem Limited and their respective shareholders and creditors.MoreLess
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.01% · promoters 97.91% · institutions 70.50% · other public 6.03%

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, 11 Sep 2020, 7 resolutions

Present: 20 promoters and 46 others.The company's voting result (opens in a new tab)

Adoption of Audited Standalone Financial Statement for the Financial Year ended 31 st March, 2020 together with report of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement for the Financial Year ended 31st March, 2020 and auditors report.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 52.21% · promoters 98.48% · institutions 62.08% · other public 6.55%
To confirm the payment of Interim Dividend paid of Rs. 1.00 per Equity Share of Rs. 1 each on 25,43,14,211 Equity Shares (Including 1,28,49,340 Equity Shares held by Singapore Depository Shareholder) for the Financial Year 2019-20. The interim dividend paid be considered as final.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.26% · promoters 98.48% · institutions 65.73% · other public 6.55%
To reappoint Mr. Jayantilal Patel (DIN 00027224) as Director of the Company.
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 23.39% · promoters 39.42% · institutions 65.73% · other public 6.55%
To reappoint Mr. Ashish Soparkar (DIN 00027480) as Director of the Company.
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 41.34% · promoters 76.14% · institutions 65.73% · other public 6.55%
To reappoint MS. Urvashi Shah (DIN07007362) as Independent Director of the Company for a period of 5 years
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 52.26% · promoters 98.48% · institutions 65.73% · other public 6.55%
To appoint Prof.(Dr) Ganapati Yadav (DIN: 02235661) as Independent Director of the Company for a period of 5 years
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 52.26% · promoters 98.48% · institutions 65.73% · other public 6.55%
To appoint M/s. Kiran J Mehta & Co. as Cost Auditors for the Financial Year 2020-21
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 52.26% · promoters 98.48% · institutions 65.73% · other public 6.55%

Annual general meeting, 25 Jul 2019, 8 resolutions

Present: 11 promoters and 68 others.The company's voting result (opens in a new tab)

Adoption of Audited Standalone Financial Statement for the Financial Year ended 31 st March, 2019 together with report of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement for the Financial Year ended 31 st March, 2019 and auditors report.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 51.37% · promoters 99.79% · institutions 61.28% · other public 3.03%
To confirm the payment of Interim Dividend paid and to declare Final Dividend of Rs. 0.40 per Equity Share of Rs. 1 each on 25,43,14,211 Equity Shares (Including 1,28,92,190 Equity Shares held by Singapore Depository Shareholder) for the Financial Year 2018-19.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 51.42% · promoters 99.79% · institutions 62.92% · other public 3.03%
To appoint Cost Auditors for the Financial Year 2019-20
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 51.42% · promoters 99.79% · institutions 62.92% · other public 3.03%
To reappoint Mr. Jayantilal Patel (DIN 00027224) as Executive Chairman of the Company and to fix remuneration.
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 22.88% · promoters 40.56% · institutions 62.92% · other public 3.03%
To reappoint Mr. Ashish Soparkar (DIN 00027480) as Managing Director of the Company and to fix remuneration.
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 40.69% · promoters 77.53% · institutions 62.92% · other public 3.03%
To reappoint Mr. Natwarlal Patel (DIN 00027540) as Managing Director of the company and to fix remuneration.
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 24.45% · promoters 43.82% · institutions 62.92% · other public 3.03%
To reappoint Mr. Ramesh Patel (DIN 00027637) as Executive Director of the company and to fix remuneration.
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 24.90% · promoters 44.76% · institutions 62.92% · other public 3.03%
To reappoint Mr. Anand Patel (DIN 00027836) as Executive Director of the company and to fix remuneration.
SpecialPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 46.99% · promoters 90.59% · institutions 62.92% · other public 3.03%

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 Jan 2021, 1 fund house

To approve the composite Scheme of arrangement in the nature of Demerger of Agrochemical and Pigment Undertaking of Meghmani Organics Limited to Meghmani Organochem Limited; and amalgamation of remaining business undertaking of Meghmani Organics Limited with Meghmani Finechem Limited and their respective shareholders and creditors.MoreLess
0 for0 against
1 abstained

Mutual fund votes, meeting of 11 Sep 2020, 1 fund house

Adoption of Audited Standalone Financial Statement for the Financial Year ended 31 st March, 2020 together with report of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement for the Financial Year ended 31st March, 2020 and auditors report.MoreLess
0 for0 against
1 abstained
To confirm the payment of Interim Dividend paid of Rs. 1.00 per Equity Share of Rs. 1 each on 25,43,14,211 Equity Shares (Including 1,28,49,340 Equity Shares held by Singapore Depository Shareholder) for the Financial Year 2019-20. The interim dividend paid be considered as final.MoreLess
0 for0 against
1 abstained
To reappoint Mr. Jayantilal Patel (DIN 00027224) as Director of the Company.
0 for0 against
1 abstained
To reappoint Mr. Ashish Soparkar (DIN 00027480) as Director of the Company.
0 for0 against
1 abstained
To reappoint MS. Urvashi Shah (DIN07007362) as Independent Director of the Company for a period of 5 years
0 for0 against
1 abstained
To appoint Prof.(Dr) Ganapati Yadav (DIN: 02235661) as Independent Director of the Company for a period of 5 years
0 for0 against
1 abstained
To appoint M/s. Kiran J Mehta & Co. as Cost Auditors for the Financial Year 2020-21
0 for0 against
1 abstained

2 earlier meetings

Mutual fund votes, meeting of 25 Jul 2019, 1 fund house

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

Adoption of Audited Standalone Financial Statement for the Financial Year ended 31 st March, 2019 together with report of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement for the Financial Year ended 31 st March, 2019 and auditors report.MoreLess
0 for0 against
1 abstained
To confirm the payment of Interim Dividend paid and to declare Final Dividend of Rs. 0.40 per Equity Share of Rs. 1 each on 25,43,14,211 Equity Shares (Including 1,28,92,190 Equity Shares held by Singapore Depository Shareholder) for the Financial Year 2018-19.MoreLess
0 for0 against
1 abstained
To reappoint Mr. Jayantilal Patel (DIN 00027224) as Executive Chairman of the Company and to fix remuneration.
0 for0 against
1 abstained
To reappoint Mr. Ashish Soparkar (DIN 00027480) as Managing Director of the Company and to fix remuneration.
0 for0 against
1 abstained
To reappoint Mr. Natwarlal Patel (DIN 00027540) as Managing Director of the company and to fix remuneration.
0 for0 against
1 abstained
To reappoint Mr. Ramesh Patel (DIN 00027637) as Executive Director of the company and to fix remuneration.
0 for0 against
1 abstained

2 proposals not matched to one resolution

To ratify the remuneration payable to M/s. Kiran J Mehta & Co. Cost Accountants Ahmedabad (having Firm’s Registration No. 000025), appointed as Cost Auditor of the Company for conducting the audit of the cost records of the Company for the Financial Year 2019-2020.MoreLess
0 for0 against
1 abstained
To reappoint Mr. Anand Patel (DIN : 00027637) as Executive Director of the Company and to fix remuneration.
0 for0 against
1 abstained

Mutual fund votes, meeting of 27 Jul 2018, 1 fund house

To appoint a Director in place of Mr. Anand Patel (DIN 00027836), who retires by rotation and being eligible offers himself for re—appointment.
0 for0 against
1 abstained
To appoint a Director in place of Mr. Jayanti Patel (DIN 00027224), who retires by rotation and being eligible offers himself for re-appointment.
0 for0 against
1 abstained
To appoint Mr. Bhaskar Raoas (Din 08058946) as Director
0 for0 against
1 abstained
To appoint Mr. C. S. Liew (Din 08065615) as Director
0 for0 against
1 abstained
To appoint Mr. Manubhai Khodidas Patel (Din 00132045) as Director
0 for0 against
1 abstained
To declare a Dividend.
0 for0 against
1 abstained
To enter into the transactions with Related / Interested Parties for Sales of Pigment and Agrochemical products manufactured by the Company from time to time and purchase of chemical product manufactured by related parties on order to order basis as per the details given in table placed herein below for a period commencing from 1st April, 2018 and to remain in force unless revoked or varied by the Company in General MeetingMoreLess
0 for0 against
1 abstained
To ratify the appointment and remuneration of M/s. Kiran J Mehta & Co. Cost Accountants Ahmedabad (having Firm’s Registration No. 000025), appointed as Cost Auditor of the Company
0 for0 against
1 abstained
To ratify the appointment of M/s S R B C & CO LLP, Chartered Accountants (ICAI Firm Registration No. 324982E / E300003) and Ernst & Young LLP, Chartered Accountants, Singapore as Joint Statutory Auditors of the CompanyMoreLess
0 for0 against
1 abstained
To receive, consider, and adopt: (i) the Audited Standalone Financial Statement of the Company for the Financial Year ended 31st March, 2018 together with report of the Board of Directors and Auditors thereon and (ii) the Audited Consolidated Financial Statement of the Company for the Financial Year ended on 31st March, 2018 together with report of Auditors thereon.MoreLess
0 for0 against
1 abstained

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