PVR INOX MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 14 Mar 2026, 20 fund houses

• To approve the remuneration of Mr. Ajay Kumar Bijli, Managing Director (DIN: 00531142) of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The Company’s remuneration practice towards Executive Directors appears excessive in past and the proposed remuneration also appears excessive when compared with the industry benchmark and performance of the Company.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The Company’s remuneration practice towards Executive Directors appears Excessive in past and the proposed remuneration also appears excessive when compared with the Industry benchmark and performance of the Company.
  • ICICI Prudential Mutual FundThe AMC has decided to vote against the resolution as the proposed remuneration appears excessive.

  14 for6 against
• To approve the remuneration of Mr. Sanjeev Kumar, Executive Director (DIN: 00208173) of the Company

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The Company’s remuneration practice towards Executive Directors appears excessive in past and the proposed remuneration also appears excessive when compared with the industry benchmark and performance of the Company.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The Company’s remuneration practice towards Executive Directors appears Excessive in past and the proposed remuneration also appears excessive when compared with the Industry benchmark and performance of the Company
  • ICICI Prudential Mutual FundThe AMC has decided to vote against the resolution as the proposed remuneration appears excessive.

  14 for6 against

Mutual fund votes, meeting of 8 Sep 2025, 22 fund houses

• To consider and adopt: - a) the audited standalone financial statements of the Company for the Financial Year ended 31st March 2025, the report of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the Financial Year ended 31st March 2025 and the report of Auditors thereon.MoreLess

  22 for0 against
• To appoint a Director in place of Mr. Sanjeev Kumar (DIN: 00208173) who retires by rotation and being eligible, offers himself for re-appointment as a Director.

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

  • Angel One Mutual FundGovernance Concern: The Company’s remuneration practice towards Executive Directors appears Excessive in past when compared with the industry benchmark and performance of the Company and not adequately justified.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: The Company’s remuneration practice towards Executive Directors appears Excessive in past when compared with the Industry benchmark and performance of the Company and not adequately justified.

  16 for6 against
• To appoint a Director in place of Mr. Pavan Kumar Jain (DIN: 00030098) who retires by rotation and being eligible, offers himself for re-appointment as a Director.

  ›Against Axis Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Sundaram Mutual Fund

  • Axis Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundPavan Kumar Jain, 74, is Non-Executive Chairperson and one of the promoters of PVR Inox Limited. On 12 January 2023, the scheme of amalgamation of Inox Leisure into PVR was approved and the merger was completed in February 2023. He has been on board since 6 February 2023. We note Pavan Jain received Rs. 175.0 mn in FY25 (Rs. 160.0 mn in FY24) as professional fees/ brand license fee. The company should clarify how it has benchmarked this fee. He has attended four out of six (67%) board meetings held in FY25 and seven out of thirteen (53%) board meetings since his first appointment on board. We expect directors to attend all board meetings. We are unable to support the resolution on account of the attendance.
  • Edelweiss Mutual FundCompliant with law. Governance Concern: Shareholders’ approval for payment of Professional Fees not sought; No justification for payment of significant professional fees.
  • HDFC Mutual FundMr. Pavan Kumar Jain, 74, is Non-Executive Chairperson and one of the promoters of PVR Inox Limited. On 12 January 2023, the scheme of amalgamation of Inox Leisure into PVR was approved and the merger was completed in February 2023. We note Pavan Jain received Rs. 175.0 mn in FY25 (Rs. 160.0 mn in FY24) as professional fees/ brand license fee. We do not support the resolution.
  • HSBC Mutual FundA vote AGAINST the following nominee is warranted because:• Pavan Kumar Jain has failed to attend at least 75 percent of board meetings in the most recent fiscal year, without a satisfactory explanation.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  15 for7 against
• To approve the appointment of Secretarial Auditors of the Company.

  22 for0 against
• To approve payment of remuneration to Mr. Vishesh Chander Chandiok (DIN: 00016112), Independent Director of the Company for Financial Year 2024-25.

  ›Against Axis Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Sundaram Mutual Fund

  • Axis Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundVishesh Chandiok is the CEO of Grant Thornton Bharat. He has been working with Grant Thornton for the last twenty years. He has served on the board of erstwhile Inox Leisure (now merged with and into PVR) since February 2020. He was appointed on the board of PVR Inox Limited (the merged entity) for five years from 10 February 2023. Visesh Chandiok has attended 4 out of 6 (67%) of the board meetings held in FY24 and three out of six (50%) of the board meetings held in FY25. As per the amendments notified by the Ministry of Corporate Affairs on 18 March 2021, the company may now pay a fixed remuneration to its Non- Executive Directors and Independent Directors, in the event of no profits or inadequate profits. The notification has prescribed limits for remuneration payable. While the proposed remuneration of Rs. 1.8 mn (in addition to sitting fees) is in line with market practices, we do not support the resolution on account of his low board meeting attendance.
  • Edelweiss Mutual FundCompliant with law. No issue identified on merit & profile of Mr. Chandiok. Governance Concern: Low attendance at Board meetings & Audit Committee meetings and no justification for leave of absence.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  17 for5 against
• To approve payment of remuneration to Mr. Dinesh Kanabar (DIN: 00003252), Independent Director of the Company for Financial Year 2024-25.

  ›Against Edelweiss Mutual Fund

  • Edelweiss Mutual FundCompliant with law. Governance Concern: Mr. Kanabar has non-material pecuniary relationship with the Company.

  21 for1 against
• To approve payment of remuneration to Mr. Shishir Baijal (DIN: 00089265), Independent Director of the Company for the Financial Year 2024- 25.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund

  • Angel One Mutual FundGovernance Concern: Past Executive Position held in the group.
  • Axis Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundShishir Baijal, 65, is Chairperson and Managing Director at Knight Frank India. Previously, he was Partner at Everstone Capital Advisors Private Limited, and he has also served as CEO of erstwhile Inox Leisure Limited between 2001 – 2005. He was appointed as Independent Director for five years from 10 February 2024. He has attended 4 out of 6 (67%) of the board meetings held in FY25. As per the amendments notified by the Ministry of Corporate Affairs on 18 March 2021, the company may now pay a fixed remuneration to its Non- Executive Directors and Independent Directors, in the event of no profits or inadequate profits. The notification has prescribed limits for remuneration payable. While the proposed remuneration of Rs. 1.8 mn (in addition to sitting fees) is in line with market practices, we do not support the resolution on account of his low board meeting attendance. Nevertheless, we raise concern with respect to the Nomination and Remuneration Committee (NRC), of which Shishir Baijal is a member. Promoter compensation has remained largely in the same range over FY24, despite the widening of losses. The NRC must disclose how it has benchmarked promoter compensation and assessed their performance during the year.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Past Executive Position held in the group by Mr. Baijal.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundGovernance Concern: Past Executive Position held in the group by Mr. Baijal.

  11 for11 against
• To approve payment of remuneration to Ms. Deepa Misra Harris (DIN: 00064912), Independent Director of the Company for Financial Year 2024-25 (appointed w.e.f. 25th July, 2024).

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

  • Angel One Mutual FundGovernance Concern: No cooling off period of 3 years between cessation as an Independent Director and re-appointment after a gap of more than 1 year; Excessive Time Commitments.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Ms. Deepa Mishra Harris did not serve cooling off period of 3 years between cessation as an ID and re-appointment after a gap of more than 1 year; Excessive Time Commitments.

  16 for6 against
• To approve payment of remuneration to Mr. Sanjai Vohra (DIN: 00700879), Independent Director of the Company for Financial Year 2024-25 (term expired w.e.f. 24th July, 2024).

  22 for0 against
• To approve payment of remuneration to Ms. Pallavi Shardul Shroff (DIN: 00013580), Independent Director of the Company for Financial Year 2024-25 (term expired w.e.f. 21st October, 2024).

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

  • Angel One Mutual FundGovernance Concern: non-material pecuniary Relationship with the Company; Failure in fiduciary duties at another entity.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Ms. Shroff have non-material pecuniary Relationship with the Company; Failure in fiduciary duties at another entity.

  16 for6 against

Mutual fund votes, meeting of 28 Nov 2024, 22 fund houses

• To approve the appointment of Mr. Vishal Kashyap Mahadevia (DIN 01035771) as an Independent Director on the Board of the Company.

  22 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 18 fund houses

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

• To consider and adopt: nn(a) the audited standalonenfinancial statements of the Company for the Financial Year endedn31st March 2024, the report of the Board of Directors and Auditorsnthereon; and nn(b) the audited consolidated financial statements ofnthe Company for the Financial Year ended 31st March 2024 andnthe report of Auditors thereon.MoreLess

  16 for0 against
• To appoint a Director in place of Mr. Ajay KumarnBijli (DIN 00531142) who retires by rotation and being eligiblenoffers himself for re-appointment.

  ›Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Excessive Remuneration to Executive Directors.
  • Edelweiss Mutual FundExcessive Remuneration to Executive Directors.

  12 for6 against
• To appoint a Director in place of Mr. Siddharth Jainn(DIN 00030202) who retires by rotation and being eligible offersnhimself for re-appointment.

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: • The board independence norms are not met (after our reclassification) and Siddharth Jain is a non-independent director nominee.

  17 for1 against
• To consider and approve payment ofnremuneration for Financial Year 2023-24 to Mr. SanjainVohra, a Non-Executive Independent Director (termnexpired w.e.f. 24th July, 2024) of the Company

  1 for0 against
• To consider and approve payment ofnremuneration for Financial Year 2023-24 to Ms. PallavinShardul Shroff, a Non-Executive Independent Directornof the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Quantum Mutual Fund, Sundaram Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Sundaram Mutual FundPallavi Shroff has been serving on the board since October 2019. She is the managing Partner of Shardul Amarchand Mangaldas & Co. As per the amendments notified by the Ministry of Corporate Affairs on 18 March 2021, the company may now pay a fixed remuneration to its Non- Executive Directors and Independent Directors, in the event of no profits or inadequate profits. The notification has prescribed limits for remuneration payable. Pallavi Shroff was paid Rs. 1.8 mn in FY23 which was in addition of sitting fees for attending board and committee meetings. While the proposed remuneration of Rs. 1.8 mn (in addition to sitting fees) for FY24 is reasonable and in line with market practices, we raise concerns on her poor attendance track record. She attended 50% (3 out of 6) board meetings held in FY24 and 53% (9 of 17) board meeting over the past three years. Given that her board meeting attendance levels are below our thresholds, we do not support her remuneration.
  • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: Pecuniary Relationship with the Company. Low Attendance at Board and Audit Committee meetings. Failure in fiduciary duties at another entity.
  • Edelweiss Mutual FundLow Attendance at Board and Audit Committee meetings. Failure in fiduciary duties at another entity.
  • Kotak Mahindra Mutual FundPallavi Shroff has been serving on the board since October 2019. She is also the managing Partner of Shardul Amarchand Mangaldas & Co. While the proposed remuneration of Rs. 1.8 mn for FY24 is reasonable and in line with market practices, we raise concerns on the pecuniary relationship between PVR INOX Limited and Shardul Amarchand Mangaldas. Since the company has also acknowledged the same, voting against the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Quantum Mutual FundThe attendance of Pallavi Shroff has been 53% over the past three years which is below our required threshold of 75%. Hence, we do not support the resolution.

  6 for12 against
• To consider and approve paymentnof remuneration for Financial Year 2023-24 tonMr. Haigreve Khaitan, a Non-Executive IndependentnDirector (term expired w.e.f. 09th February, 2024) ofnthe Company

  ›Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund

  • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Pecuniary Relationship with the Company.
  • Edelweiss Mutual FundPecuniary Relationship with the Company.
  • Kotak Mahindra Mutual FundHaigreve Khaitan served on PVR Inox s board (the merged entity) for one year from 10 February 2023 to 9 February 2024. While the proposed remuneration of Rs. 1.8 mn for FY24 is reasonable and in line with market practices, we raise concerns on the pecuniary relationship between PVR INOX Limited and Khaitan & Co. LLP. Since the company has also acknowledged the same, voting against the resolution.

  12 for6 against
• To consider and approve payment ofnremuneration for Financial Year 2023-24 to Mr. AmitnJatia, a Non-Executive Independent Director (termnexpired w.e.f. 09th February, 2024) of the Company

  1 for0 against
• To consider and approve payment ofnremuneration for Financial Year 2023-24 to Mr. VisheshnChander Chandiok, a Non-Executive IndependentnDirector of the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, Quantum Mutual Fund, Sundaram Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Sundaram Mutual FundVishesh Chandiok is the CEO of Grant Thornton Bharat. He has been working with Grant Thornton for the last twenty years. He has served on the board of erstwhile Inox Leisure (now merged with and into PVR) since February 2020. He was appointed on the board of PVR Inox Limited (The merged entity) for five years from 10 February 2023. He has attended 4 out of 6 (67%) of the board meetings held in FY24.As per the amendments notified by the Ministry of Corporate Affairs on 18 March 2021, the company may now pay a fixed remuneration to its Non- Executive Directors and Independent Directors, in the event of no profits or inadequate profits. The notification has prescribed limits for remuneration payable. While the proposed remuneration of Rs. 1.8 mn (in addition to sitting fees) is in line with market practices, we do not support the resolution on account of his low board meeting attendance in FY24. We believe directors should take their responsibility seriously and attend all board meetings.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Quantum Mutual FundThe attendance of Vishesh Chander has been 53% over the past three years which is below our required threshold of 75%. Hence, we do not support the resolution.

  13 for5 against
• To consider and approve the appointmentnof Ms. Deepa Misra Harris (DIN: 00064912) as annIndependent Director on the Board of the Company

  ›Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships / no consecutive terms as ID on the Board leading to total association of more than 10 years. Governance Concern: Excessive time commitment.
  • Edelweiss Mutual FundNo cooling-off period of 3 years post cessation of previous directorships / no consecutive terms as ID on the Board leading to total association of more than 10 years.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  10 for8 against

Mutual fund votes, meeting of 21 Mar 2024, 25 fund houses

• To approve the appointment of Mr. Dinesh Kanabar (DIN 00003252) as an Independent Director on the Board of the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Sundaram Mutual Fund

  • Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Sundaram Mutual FundDinesh Kanabar, 65, is Founder, CEO and Partner at Dhruva Advisors LLP. He is the former CEO of KPMG India and Chairperson of KPMG’s tax practice. While his appointment meets statutory requirements, we are unable to support his appointment. Public sources indicate that Dhruva Advisors LLP were tax advisors to Inox and PVR in the recent scheme of arrangement wherein Inox Leisure merged into PVR in FY23. Further, Dhruva Advisors have been legal advisors to the Jain family and different Inox Group companies in the past. Dhruva Advisors LLP were tax advisors in the Inox family settlement. Given the potential conflict of interest, we do not support the resolution.
  • HDFC Mutual FundAppointment could create conflict of interest given his firm's previous business relations with the company
  • Invesco Mutual FundDinesh Kanabar, 65, is Founder, CEO and Partner at Dhruva Advisors LLP. He is the former CEO of KPMG India and Chairperson of KPMG’s tax practice. While his appointment meets statutory requirements, we are unable to support his appointment. Public sources indicate that Dhruva Advisors LLP were tax advisors to Inox and PVR in the recent scheme of arrangement wherein Inox Leisure merged into PVR in FY23. Further, Dhruva Advisors have been legal advisors to the Jain family and different Inox Group companies in the past. Dhruva Advisors LLP were tax advisors in the Inox family settlement. Given the potential conflict of interest, we do not support the resolution
  • Kotak Mahindra Mutual FundDinesh Kanabar, 65, is Founder, CEO and Partner at Dhruva Advisors LLP. He is the former CEO of KPMG India and Chairperson of KPMG s tax practice. He has decades of experience as a tax expert. However public sources indicate that Dhruva Advisors LLP were tax advisors to Inox and PVR in the recent scheme of arrangement wherein Inox Leisure merged into PVR in FY23. Further, Dhruva Advisors have been legal advisors to the Jain family (promoters of PVR-INOX) and different Inox Group companies in the past. In addition, Dhruva Advisors LLP were tax advisors in the Inox family settlement. Given the potential conflict of interest, we do not support the resolution. This is not a reflection on the competence of the individual.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  16 for9 against
• To approve the appointment of Mr. Shishir Baijal (DIN 00089265) as an Independent Director on the Board of the Company

  ›Against Aditya Birla Sun Life Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund

  • Aditya Birla Sun Life Mutual FundShishir Baijal, 64, is Chairperson and Managing Director at Knight Frank India. Previously, he was Partner at Everstone Capital Advisors Private Limited, and he has also served as CEO of erstwhile Inox Leisure Limited between 2001 – 2005. We don’t consider past employees of the Group company as Independent, hence, we do not support the resolution.
  • Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundAppointment compliant with law. Governance Concern: Ex-employee at group company.
  • PPFAS Mutual FundEx-employee at group company

  19 for6 against

Mutual fund votes, meeting of 26 Sep 2023, 19 fund houses

• To consider and adopt: nn(a) the audited standalone financial statements of the Company for the Financial Year ended 31st March 2023, the report of the Board of Directors and Auditors thereon; and nn(b) the audited consolidated financial statements of the Company for the Financial Year ended 31st March 2023 and the report of Auditors thereon.MoreLess

  19 for0 against
• To appoint a Director in place of Mr. Sanjeev Kumar (DIN 00208173) who retires by rotation and being eligible offers himself for re-appointment

  19 for0 against
• To appoint a Director in place of Ms. Renuka Ramnath (DIN 00147182) who retires by rotation and being eligible offers herself for re-appointment.

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundHence, no concern identified in re-election of the said director.’

  18 for1 against
• To consider and approve payment of remuneration for Financial Year 2022-23 to Mr. Sanjai Vohra, a Non-Executive Independent Director of the Company

  ›Against Baroda BNP Paribas Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund

  • Baroda BNP Paribas Mutual FundFinancials yet to improve. Increase is not warranted
  • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.
  • JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: As NRC chair is responsible for skewed Remuneration practice and change in IDs post-merger raises question over the role played by him as NRC Chairperson.

  15 for4 against
• To consider and approve payment of remuneration for Financial Year 2022-23 to Ms. Pallavi Shardul Shroff, a Non-Executive Independent Director of the Company

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.

  18 for1 against
• To consider and approve remuneration paid to Ms. Deepa Misra Harris, a Non-Executive Independent Director (resigned w.e.f. 10th February, 2023) of the Company for Financial Year 2022-23

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.

  18 for1 against
• To consider and approve payment of remuneration for Financial Year 2022-23 to Mr. Vikram Bakshi, a Non-Executive Independent Director (resigned w.e.f. 10th February, 2023) of the Company

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.

  18 for1 against
• To consider and approve remuneration paid to Mr. Gregory Adam Foster, a Non-Executive Independent Director (resigned w.e.f. 10th February, 2023) of the Company for Financial Year 2022-23

  ›Against HSBC Mutual Fund

  • HSBC Mutual FundNon-executive directors participate in performance-based incentive schemes.

  18 for1 against
• To consider and approve managerial remuneration paid to Mr. Ajay Bijli, Managing Director of the Company for the Financial Year 2022-23 (upto 5th February, 2023)

  ›Against Baroda BNP Paribas Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund

  • Baroda BNP Paribas Mutual FundFinancials yet to improve. Increase is not warranted
  • JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Past and proposed remuneration appears to be excessive. Combined Position of Chairman & MD.

  16 for3 against
• To consider and approve managerial remuneration paid to Mr. Sanjeev Kumar, Executive Director of the Company for the Financial Year 2022-23 (upto 5th February, 2023)

  ›Against Baroda BNP Paribas Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund

  • Baroda BNP Paribas Mutual FundFinancials yet to improve. Increase is not warranted
  • JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Past and proposed remuneration appears to be excessive.

  16 for3 against