Oil & Natural Gas Corporation CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 29 Aug 2025, 35 fund houses

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

• To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2025 together with Reports of the Board of Directors, the Auditors thereon and the comments of the Comptroller and Auditor General of India.MoreLess

  32 for0 against
• To declare the Final Dividend of ₹1.25 per equity share for the FY’25.

  35 for0 against
• To appoint a Director in place of Shri Manish Patil (DIN: 10139350), who retires by rotation and being eligible, offers himself for re- appointment.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Manish Patil is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs
  • quant Mutual FundNo concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of independent directors.

  23 for11 against
• To authorize the Board of Directors for fixing the remuneration of Statutory Auditors as appointed by the Comptroller and Auditor General of India for FY’26.

  34 for0 against
• Appointment of Shri Arunangshu Sarkar (DIN: 10777112) as Director (Strategy & Corporate Affairs) of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders’ approval.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders’ approval.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Arunangshu Sarkar is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders approval.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs, Delayed shareholders’ approval
  • quant Mutual FundNo concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of independent directors. Delayed shareholders’ approval.

  24 for11 against
• Appointment of Shri Vikram Saxena (DIN: 10892368) as Director (Technology & Field Services) of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders’ approval.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders’ approval.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Vikram Saxena is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Delayed shareholders approval.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs, Delayed shareholders’ approval
  • quant Mutual FundNo concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of independent directors. Delayed shareholders’ approval.

  24 for11 against
• Appointment of Shri Om Prakash Sinha (DIN: 09696074) as Director (Exploration) of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because the board independence norms are not met and Om Prakash Sinha is a non-independent director nominee.
  • HSBC Mutual FundThe nominee is not considered independent and the overall board independence falls below our expectation.
  • PPFAS Mutual FundBoard is non-compliant with requisite number of IDs
  • quant Mutual FundNo concern on the merits of the proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of independent directors.

  24 for11 against
• Appointment of Ms. Reena Jaitly (DIN: 06853063) as an Independent Director of the Company.

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointees. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law.
  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous.
  • Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual Fund, Unifi Mutual FundMs. Reena Jaitly, 63, is a social worker and former Chairperson, Punjab State Forest Development Corporation Ltd., former Chairperson of Mahila Seva Sansthan (for more than 15 years) and Member of AK Prayas (for more than 15 years). She was associated with the company as an Independent Director from 14 November 2021 till 7 November 2024. Public sources suggest that she has political affiliations, which we believe may unnecessarily politicize the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because Reena Jaitly is politically associated, and the presence of director with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • HSBC Mutual FundReena Jaitly is politically associated, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • Invesco Mutual FundMs. Reena Jaitly, 63, is a social worker and former Chairperson, Punjab State Forest Development Corporation Ltd., former Chairperson of Mahila Seva Sansthan (for more than 15 years) and Member of AK Prayas (for more than 15 years). She was associated with the company as an Independent Director from 14 November 2021 till 7 November 2024. Public sources suggest that she has political affiliations, which we believe may unnecessarily politicize the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval. Term of appointment is ambiguous and against spirit of the law.
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law.
  • PPFAS Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law
  • quant Mutual FundNo concern on the merits of the proposed appointees. Non-compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed shareholders’ approval. Term of appointment is ambiguous and against the spirit of the law.
  • UTI Mutual FundPublic sources suggest she is politically affiliated.
  • WhiteOak Capital Mutual FundMs. Reena Jaitly, 63, is a social worker and former Chairperson, Punjab State Forest Development Corporation Ltd., former Chairperson of Mahila Seva Sansthan (for more than 15 years) and Member of AK Prayas (for more than 15 years). Considering she don't seem to have any financial background qualification or any experience in that regards, we are voting against the resolution. We do not support the resolution.

  11 for23 against
• Appointment of Shri Manish Pareek (DIN: 09396501) as an Independent Director of the Company.

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointees. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law.
  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous.
  • Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual Fund, Unifi Mutual FundManish Pareek, 54, is the former Deputy Mayor of Jaipur and former two term Councillor of Jaipur Municipal Corporation (JMC). He has experience in legislation and has served as Chairperson of Bylaws Committee and Head of Sanitation Inspection Committee of JMC. He is a practicing advocate. He was associated with the company as an Independent Director from 14 November 2021 till 7 November 2024. Public sources suggest that he has political affiliations, which we believe may unnecessarily politicize the decisions of the company and distract the management from its core focus. We expect the company to disclose any political affiliations of its directors in the meeting notice. We do not support the resolution.
  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because Manish Pareek is politically associated, and the presence of director with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • HSBC Mutual FundManish Pareek is politically associated, and the presence of directors with political background or affiliation with a political party can act as an impediment for independent and objective thinking of the board.
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval. Term of appointment is ambiguous and against spirit of the law.
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law.
  • PPFAS Mutual FundNo cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law
  • quant Mutual FundNo concern on the merits of the proposed appointees. Non-compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments Governance concern: Delayed shareholders’ approval. Term of appointment is ambiguous and against the spirit of the law.
  • UTI Mutual FundPublic sources suggest he is politically affiliated.
  • WhiteOak Capital Mutual FundManish Pareek, 54, is the former Deputy Mayor of Jaipur and former two term Councillor of Jaipur Municipal Corporation (JMC). He has experience in legislation and has served as Chairperson of Bylaws Committee and Head of Sanitation Inspection Committee of JMC. Considering that he don't seem to have any financial background qualification or any experience in that regards, we are voting against the resolution.We do not support the resolution.

  11 for23 against
• Appointment of Shri Bhagchand Agarwal (DIN: 00431182) as an Independent Director of the Company.

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only 1 year.
  • Angel One Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous. Appointment as Independent Director for a period of only 1 year.
  • Axis Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, WhiteOak Capital Mutual FundBhagchand Agarwal, 67 has experience in the fields of Tax Planning, Company Law matters, Finance & Business. We note that he has been appointed as Chairperson of the Audit Committee. There is no clarity on his past experience - we expect the company to provide granular details regarding his experience. Given the lack of clarity, we are unable to determine his suitability to be on this board. Therefore, we are unable to support the resolution.
  • LIC Mutual FundGovernance concern: Delayed Shareholders approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only 1 year.
  • Nippon India Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.
  • PPFAS Mutual FundDelayed Shareholders’ approval; Term of appointment is ambiguous and against spirit of the law; Appointment as ID for 1 year
  • quant Mutual FundCompliant with the law. No concern on the merits of the proposed appointee. Governance concern: Delayed shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.

  14 for21 against
• Appointment of M/s Agarwal S. & Associates as Secretarial Auditors of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor to ascertain any material change in the proposed audit fee and justification for material change, if any.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed appointee. Transparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor to ascertain any material change in the proposed audit fee and justification for material change, if any.
  • PPFAS Mutual FundAudit fee paid to outgoing auditors and Material change in the proposed audit fees not disclosed
  • quant Mutual FundCompliant with the law. No concern on the merits of proposed appointee. Transparency concern: The company has not disclosed the audit fee paid to outgoing auditor to ascertain any material change in the proposed audit fee and justification for material change, if any.

  26 for9 against
• Ratification of Remuneration payable to Cost Auditors for FY’25.

  27 for0 against
• Approval of Material Related Party Transaction(s) with Oil and Natural Gas Corporation Employees Contributory Provident Fund Trust for FY’27.

  35 for0 against
• Approval of Material Related Party Transaction(s) with Petronet LNG Limited for FY’27.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance & Transparency Concern: Basis for Arm’s Length pricing not disclosed.
  • LIC Mutual FundGovernance & Transparency Concern: Basis for Arm s Length pricing not disclosed.
  • PPFAS Mutual FundBasis of arm’s length pricing not disclosed
  • quant Mutual FundCompliant with the law. Governance & transparency concern: Basis for arm’s length pricing not disclosed.

  26 for9 against
• Approval of Material Related Party Transaction(s) for Payment of Cash Call by ONGC Nile Ganga B.V to Greater Pioneer Operating Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundTransparency Concern: Generic justification provided for transaction.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Transparency Concern: Generic justification provided for transaction.
  • PPFAS Mutual FundInadequate disclosure
  • quant Mutual FundCompliant with the law. Transparency concern: Generic justification provided for transaction.

  26 for9 against
• Approval of Material Related Party Transaction(s) with respect to Area 1 Offshore Mozambique Project - True Up Transaction under Project Financing.

  28 for0 against
• Approval of Material Related Party Transaction(s) with respect to Area 1 Offshore Mozambique Project - AssetCo Structure.

  28 for0 against
• Approval of Material Related Party Transaction(s) for extension of existing Debt Service Undertaking (DSU) validity period provided by ONGC.

  35 for0 against

Mutual fund votes, meeting of 2 May 2025, 36 fund houses

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

• Advance by ONGC Videsh Limited to Beas Rovuma Energy Mozambique Limited and Conversion of said advances into Redeemable Preference Shares

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundTransparency concern: Inadequate disclosures with respect to the issuance of preference shares.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Transparency concern: Inadequate disclosures with respect to the issuance of preference shares.
  • PPFAS Mutual FundInadequate disclosures with respect to the issuance of preference shares

  29 for7 against
• Sponsor Senior Loan by “OVL Overseas IFSC Ltd.” to “Moz LNG1 Financing Company Ltd.”

  36 for0 against
• Guarantee support by “the Company” against Sponsor Senior Loan to “Moz LNG1 Financing Company Ltd.”

  35 for0 against

Mutual fund votes, meeting of 30 Dec 2024, 1 fund house

• RPT for providing Letter of Comfort LOC for raising debt by OPaL up to a value of Rs 5400 Cr

  1 for0 against

Mutual fund votes, meeting of 30 Aug 2024, 34 fund houses

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

• To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended March 31, 2024 together with Reports of the Board of Directors, the Auditors thereon and the comments of the Comptroller and Auditor General of India.MoreLess

  30 for0 against
• To declare the Final Dividend of Rs. 2.50 per equity share for the FY’24.

  32 for0 against
• To appoint a Director in place of Mr. Pankaj Kumar (DIN: 09252235), who retires by rotation and being eligible, offers himself for re- appointment

  ›Against Bajaj Finserv Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Bajaj Finserv Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundRe-appointment compliant with law. No concern on the merit of proposed appointee. Governance Concern: The Board is non-compliant with the requirement of requisite number of IDs.
  • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: • Pankaj Kumar is an executive director serving on the audit committee. • The board independence norms are not met, and Pankaj Kumar is a non-independent director nominee
  • JM Financial Mutual FundRe-appointment compliant with law. No concern on the merit of proposed appointee. Governance Concern: The Board is non-compliant with the requirement of requisite number of Independent Directors.
  • PPFAS Mutual FundNon-compliant Board with requisite number of ID’s.

  25 for7 against
• To authorize the Board of Directors for fixing the remuneration of Statutory Auditors as appointed by the Comptroller and Auditor General of India for FY’25.

  32 for0 against
• Appointment of Mr. Vivek Chandrakant Tongaonkar (DIN:10143854) as Director (Finance) of the Company

  ›Against Bajaj Finserv Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Bajaj Finserv Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundAppointment compliant with law. No concern on the merit of proposed appointee. Governance Concern: The Board is non-compliant with the requirement of requisite number of IDs.
  • HSBC Mutual FundA vote AGAINST the nominee is warranted because, the board independence norms are not met and Vivek Chandrakant Tongaonkar is a non-independent director
  • JM Financial Mutual FundAppointment compliant with law. No concern on the merit of proposed appointee. Governance Concern: The Board is non-compliant with the requirement of requisite number of Independent Directors.
  • PPFAS Mutual FundNon-compliant Board with requisite number of ID’s.

  25 for7 against
• Ratification of Remuneration payable to Cost Auditors for FY’24

  31 for0 against
• Approval of Material Related Party Transaction(s) with Oil and Natural Gas Corporation Employees Contributory Provident Fund Trust for FY’26

  32 for0 against
• Approval of Material Related Party Transaction(s) with Petronet LNG Limited for FY’26

  32 for0 against
• Approval of Material Related Party Transaction(s) with ONGC Petro additions Limited (OPaL) for FY’26

  31 for0 against
• Approval of Material Related Party Transaction for providing Letter of Comfort (LoC) for raising debt by OPaL up to a value of Rs. 5,400 crore

  28 for0 against

Mutual fund votes, meeting of 16 Mar 2024, 32 fund houses

• Approval of Related Party Transaction(s) with respect to Area-1 Offshore Mozambique Project - AssetCo Structure

  32 for0 against
• Approval of Related Party Transaction(s) with respect to Area-1 Offshore Mozambique Project - Debt Service Undertaking

  32 for0 against

Mutual fund votes, meeting of 30 Dec 2023, 26 fund houses

• Approval of Related Party Transaction for providing Letter of Comfort (LOC) for raising debt by OPaL up to a value of ₹5,400 crore

  26 for0 against