Prabhat Dairy (Delisted) MD, chairman, board of directors and AGM

BSE: 539351

Last traded ₹99.60 on 22 Apr 2021

Delisted on 30 Apr 2021.

Prabhat Dairy 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.Prabhat Dairy share news and announcements

Annual general meeting, 26 Dec 2020

Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2020, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    64.13% for35.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.35%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  2. to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the finanacial year ended March 31, 2020, together with the Reports of the Boad of Directors and Auditors thereon.MoreLess
    Ordinary
    64.13% for35.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.35%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  3. to appoint a Director in place of Mr. Vivek Nirmal (DIN: 00820923), who retires by rotation, and being eligible, offers himself for re-appointment
    Ordinary
    64.13% for35.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.35%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  4. to consider and approve the appointment of Ms. Richa Gunjan Ahuja (DIN: 08863341) as an Independent Director of the Company
    Ordinary
    64.13% for35.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.35%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  5. to consider and approve the re-appointment of Mr. Sarangdhar Nirmal (DIN: 00035234) as Chairman and Managing Director of the Company for a period of 3 years w.e.f 1st March 2020
    Ordinary
    64.10% for35.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.43%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  6. to consider and approve the re-appointment of Mr. Vivek Nirmal (DIN: 00820923) as Joint Managing Director of the Company for a period of 3 years w.e.f. 1st March 2020
    Ordinary
    64.10% for35.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.43%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  7. to consider and approve the remuneration payable to Mr. Sarangdhar Nirmal (DIN: 00035234) as Chairman and Managing Director of the Company for a period of 3 years w.e.f. 1st March 2020
    Ordinary
    64.10% for35.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.43%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

  8. to consider and approve the remuneration payable to Mr. Vivek Nirmal (DIN: 00820923) as Joint Managaing Director of the Company for a period of 3 years w.e.f. 1st March 2020
    Ordinary
    64.10% for35.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.43%

    Turnout: all 85.61% · promoters 100.00% · institutions 59.72% · other public 73.07%

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, 16 Oct 2019, 1 resolution

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

  1. Approval for Voluntary Delisting of the Equity Shares of the Company from BSE Limited and National Stock Exchange of India Limited and withdrawal of ¿Permitted to Trade¿ status on the Metropolitan Stock Exchange of India Limited.MoreLess
    SpecialPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 90.78% · promoters 100.00% · institutions 86.12% · other public 80.59%

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 2019, 8 resolutions

Present: 5 promoters and 59 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, 2019, together with the Reports of the Board of Directors? and Auditors? thereon.
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.46%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2019, together with the Reports of the Board of Directors? and Auditors? thereonMoreLess
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.46%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  3. To appoint a Director in place of Mr. Sarangdhar Nirmal (DIN: 00035234), who retires by rotation, and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  4. Appointment of Statutory Auditor to fill casual vacancy
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.46%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  5. Appointment of Statutory Auditor
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.46%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  6. To approve appointment of Dr. Abdul Samad (DIN: 07929280) as an Independent Director of the Company
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.47%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  7. To approve appointment of Dr. Bhaskar Gaikwad (DIN: 08440915) as an Independent Director of the Company
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.47%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

  8. To approve appointment of Mr. Vaibhav Parjane (DIN: 08102059) as an Independent Director of the Company
    Ordinary
    64.19% for35.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 98.47%

    Turnout: all 85.63% · promoters 100.00% · institutions 52.89% · other public 74.86%

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, 29 May 2019, 5 resolutions

Present: 4 promoters and 38 others.The company's voting result (opens in a new tab)

  1. Approve the change in the name of the Company from Prabhat Dairy Limited to Prabhat Agrivet Industries Limited as approved by the Central Government, Registrar of Companies, Pune subject to approval of stock exchange(s) and any other regulatory authorities, if require under the applicable laws.MoreLess
    Special
    63.91% for36.09% against

    Against: promoters 0.00% · institutions 10.98% · other public 98.36%

    Turnout: all 86.41% · promoters 100.00% · institutions 58.57% · other public 75.82%

  2. Approve the change in the objects of the Company by altering the Memorandum of Association of the Company
    Special
    63.91% for36.09% against

    Against: promoters 0.00% · institutions 10.98% · other public 98.36%

    Turnout: all 86.41% · promoters 100.00% · institutions 58.57% · other public 75.82%

  3. Appointment of Dr. Bhaskar Gaikwad (DIN: 08440915) as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    63.90% for36.10% against

    Against: promoters 0.00% · institutions 10.98% · other public 98.37%

    Turnout: all 86.40% · promoters 100.00% · institutions 58.57% · other public 75.80%

  4. Appointment of Dr. Abdul Samad (DIN: 07929280) as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    63.90% for36.10% against

    Against: promoters 0.00% · institutions 10.98% · other public 98.37%

    Turnout: all 86.40% · promoters 100.00% · institutions 58.57% · other public 75.80%

  5. Appointment of Dr. Vaibhav Parjane (DIN: 08102059) as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    63.90% for36.10% against

    Against: promoters 0.00% · institutions 10.98% · other public 98.37%

    Turnout: all 86.40% · promoters 100.00% · institutions 58.57% · other public 75.80%

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, 26 Mar 2019, 2 resolutions

Present: 4 promoters and 65 others.The company's voting result (opens in a new tab)

  1. Approval for the sale of entire investments (equity and preference) in its subsidiary, Sunfresh Agro Industries Private Limited to Tirumala Milk Products Private Limited and sale of dairy business undertaking of the Company to Sunfresh Agro Industries Private Limited and Tirumala Milk Products Private Limited.MoreLess
    Special
    92.25% for7.75% against

    Against: promoters 0.00% · institutions 99.53% · other public 1.61%

    Turnout: all 64.35% · promoters 100.00% · institutions 55.66% · other public 22.81%

  2. Approval for Scheme of Amalgamation and Arrangement of Cheese Land Agro (India) Pvt. Ltd. (“Transferor Company”) with Prabhat Dairy Limited (“Transferee Company”) and their respective Shareholders and Creditors.MoreLess
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.05%

    Turnout: all 64.35% · promoters 100.00% · institutions 55.66% · other public 22.81%

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, 22 Sep 2018, 6 resolutions

Present: 4 promoters and 31 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, 2018, together with the Reports of the Board of Directors’ and Auditors’ thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.97% · promoters 100.00% · institutions 73.16% · other public 63.21%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2018, together with the Reports of the Board of Directors’ and Auditors’ thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 82.97% · promoters 100.00% · institutions 73.16% · other public 63.21%

  3. To appoint a Director in place of Mr. Vivek S. Nirmal (DIN: 00820923), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    92.23% for7.77% against

    Against: promoters 0.00% · institutions 65.60% · other public 0.00%

    Turnout: all 83.04% · promoters 100.00% · institutions 73.70% · other public 63.21%

  4. To fix the Remuneration of Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.04% · promoters 100.00% · institutions 73.70% · other public 63.21%

  5. Ordinary Resolution to approve appointment of Mr. Anoop Krishna (DIN: 08068261) as an Independent Director of the Company.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.71% · other public 0.00%

    Turnout: all 83.04% · promoters 100.00% · institutions 73.70% · other public 63.21%

  6. Ordinary Resolution to ratify the remuneration of Cost Auditors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 83.04% · promoters 100.00% · institutions 73.70% · other public 63.21%

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 10 Aug 2017, 1 fund house

  • Adoption of financial statements for the year ended 31 March 2017
    1 for0 against
  • Appoint Haresh Shah (DIN: 00228471) as an Independent Director for three years from 23 May 2017
    1 for0 against
  • Appoint M S K A & Associates as statutory auditors for a period of five years and fix their remuneration
    1 for0 against
  • Approve remuneration of Rs.0.1 mn for JNP & Associates as cost auditors for FY18
    1 for0 against
  • Reappoint Sarangdhar R. Nirmal (DIN: 00035234) as an Executive Director
    1 for0 against
  • To declare final dividend of Re.0.4 per share of face value Rs.10.0
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2016, 2 fund houses

  • Adoption of consolidated financial statements for the year ended 31 March 2016
    0 for0 against

    1 abstained

  • Adoption of standalone financial statements for the year ended 31 March 2016
    0 for0 against

    1 abstained

  • Appoint BSR & Associates LLP as statutory auditors for three years from FY17 and fix their remuneration
    1 for0 against
  • Appoint Rajesh Srivastava as an Independent Director for a period of three years from 30 September 2016
    0 for0 against

    1 abstained

  • Appoint Raphael Plihon as a Non-Executive Director, Non-Independent Director
    1 for0 against
  • Appoint Soundararajan Bangarusamy as a Independent Director
    1 for0 against
  • Appointment of Mr. Rajesh Srivastava as an Independent Director of the Company for three years w.e.f. the date of this AGM
    Against HDFC Mutual Fund
    • HDFC Mutual FundMr. Rajesh was a nominee director of IABF that holds 14.4% of the company
    0 for1 against
  • Appointment of Mr. Raphael Plihon as a Non-executive Director of the Company, liable to retire by rotation
    1 for0 against
  • Appointment of Mr. Soundararajan Bangarusamy as an Independent Director of the Company for three years w.e.f. the date of this AGM
    1 for0 against
  • To declare dividend of Rs. 0.4 per equity share of face value Rs. 10.0 each
    1 for0 against
  • To reappoint Vivek Nirmal as an Executive Director
    1 for0 against

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