SREI Infrastructure Finance (Delisted) MD, chairman, board of directors and AGM

BSE: 523756Finance

Formerly Srei International Finance

Last traded ₹2.10 on 11 Aug 2023

Delisted on 14 Dec 2023.

SREI Infrastructure Finance 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.SREI Infrastructure Finance share news and announcements

Annual general meeting, 30 Sep 2023

Present: 0 promoters and 70 others.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt-na. The Audited Standalone Financial Statement of the Company for the Financial Year Ended March 31, 2023, and the Board’s Report (Report of Implementation and Monitoring Committee) and Auditors Thereon.nb. The Audited Consolidate Financial Statement of the Company for the Financial Year ended March 31, 2023, and the Report of the Auditors thereon.nMoreLess
    Ordinary
    60.08% for39.92% against

    Against: promoters 0.00% · institutions 100.00% · other public 22.37%

    Turnout: all 0.21% · promoters 0.00% · institutions 54.91% · other public 0.41%

  2. Appointment of S.K. Agarwal and Co Chartered Accountants LLP, having Firm Registration No. 306033E/E300272 allotted by the Institute of Chartered Accountants of India (ICAI) as the Statutory Auditors of the Company, in place of the D. K. Chhajer & Co., Chartered Accountants, (Firm Registration No. 304138E) and fixation of their remuneration.MoreLess
    Ordinary
    81.83% for18.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.43%

    Turnout: all 0.21% · promoters 0.00% · institutions 54.91% · other public 0.42%

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

  1. To receive, consider and adopt (a) The Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2022, and the Board's Report (Report of the Advisory Committee chaired by the Administrator) and Auditors thereon. (b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2022, and the Report of the Auditors thereon.MoreLess
    Ordinary
    70.93% for29.07% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.01%

    Turnout: all 0.17% · promoters 0.00% · institutions 50.12% · other public 0.32%

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 Sep 2021, 5 resolutions

Present: 3 promoters and 73 others.The company's voting result (opens in a new tab)

  1. Adoption of - a) The Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2021, and the Report of the Directors and nAuditors thereon. b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2021, and the Report of the Auditors thereonMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 62.97% · promoters 100.00% · institutions 94.98% · other public 3.28%

  2. Appointment of a Director in place of Mr. Sunil Kanoria (holding DIN 00421564) who retires by rotation and being eligible, seeks re-appointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.04%

    Turnout: all 62.97% · promoters 100.00% · institutions 94.98% · other public 3.28%

  3. Appointment of Dr. (Mrs.) Deepali Pant Rajeev Joshi (holding DIN 07139051) (who was appointed as an Additional Director, Category – Independent w.e.f. 30th June, 2021) as an Independent Director of the Company.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 62.97% · promoters 100.00% · institutions 94.98% · other public 3.28%

  4. Payment of Commission to Non-Executive Directors of the Company annually for 3 (three) Financial Years commencing from the Financial Year 2021-22, in the event of absence or inadequacy of profits.
    SpecialPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.69%

    Turnout: all 62.95% · promoters 100.00% · institutions 94.98% · other public 3.23%

  5. Dilution of the Company’s investment(s) / asset(s) in Srei Equipment Finance Limited (SEFL), material wholly owned subsidiary of the Company.
    SpecialPromoters have an interest in it
    98.51% for1.49% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.88%

    Turnout: all 62.96% · promoters 100.00% · institutions 94.98% · other public 3.26%

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, 19 Sep 2020, 4 resolutions

Present: 4 promoters and 90 others.The company's voting result (opens in a new tab)

  1. Adoption of - a. The Standalone Financial Statement of the Company for the financial year ended March 31, 2020, and the report of the Directors and Auditors thereon. b. The Consolidated Financial Statement of the Company for the financial year ended March 31, 2020, and the report of the Auditors thereonMoreLess
    Ordinary
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 64.95%

    Turnout: all 65.03% · promoters 100.00% · institutions 85.44% · other public 8.71%

  2. Appointment of a Director in place of Mr. Hemant Kanoria holding DIN 00193015 who retires by rotation and being eligible, seeks re-appointment
    OrdinaryPromoters have an interest in it
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 64.96%

    Turnout: all 65.03% · promoters 100.00% · institutions 85.44% · other public 8.71%

  3. Appointment of D. K. Chhajer Co., Chartered Accountants, having Firm Registration No. 304138E allotted by The Institute of Chartered Accountants of India ICAI as the Statutory Auditors of the Company, in place of the retiring Auditors and fixation of their remuneration.MoreLess
    Ordinary
    96.68% for3.32% against

    Against: promoters 0.00% · institutions 0.00% · other public 64.95%

    Turnout: all 65.03% · promoters 100.00% · institutions 85.44% · other public 8.71%

  4. Waiver of recovery of excess remuneration paid to Mr. Hemant Kanoria DIN 00193015, Chairman of the Company, in whole time capacity, during the Financial Year 2019-20 and approval for payment of remuneration for the period of 2 Two years i.e. Financial Year 2020-21 and 2021-22 in the event of absence or inadequacy of profits, if any.MoreLess
    SpecialPromoters have an interest in it
    96.60% for3.40% against

    Against: promoters 0.00% · institutions 5.06% · other public 65.21%

    Turnout: all 65.03% · promoters 100.00% · institutions 85.44% · other public 8.71%

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 Aug 2019, 1 resolution

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

  1. Special Resolution - Transfer of Lending Business, Interest Earning Business & Lease Business of Srei Infrastructure Finance Limited to Srei Equipment Finance Limited, a wholly owned subsidiary as a going concern on a slump exchange basis.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 75.05% · promoters 100.00% · institutions 88.92% · other public 6.34%

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, 27 Jul 2019, 11 resolutions

Present: 4 promoters and 2,201 others.The company's voting result (opens in a new tab)

  1. Adoption of -na. The Standalone Financial Statement of the Company for the financial year ended March 31, 2019, and the Report of the Directors and Auditors thereon.nb. The Consolidated Financial Statement of the Company for the financial year ended March 31, 2019, and the Report of the Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 78.16% · promoters 100.00% · institutions 88.89% · other public 19.02%

  2. Confirmation of Interim Dividend paid during the Financial Year 2018-19.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  3. Appointment of a Director in place of Mr. Sunil Kanoria (holding DIN: 00421564) who retires by rotation and being eligible, seeks re-appointment.
    OrdinaryPromoters have an interest in it
    87.00% for13.00% against

    Against: promoters 0.00% · institutions 80.33% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  4. Approval for cancellation of 4,72,827 forfeited equity shares from the issued and paid up equity share capital of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  5. Appointment of Mr. Hemant Kanoria (holding DIN: 00193015) as the Chairman of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  6. Appointment of Mr. Balaji Viswanathan Swaminathan (holding DIN: 01794148) as a Non Executive Non Independent Director of the Company.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.40% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  7. Appointment of Dr. Tamali Sengupta (holding DIN: 00358658) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  8. Re-appointment of Mr. Shyamalendu Chatterjee (holding DIN: 00048249) as an Independent Director of the Company.
    Special
    97.55% for2.45% against

    Against: promoters 0.00% · institutions 15.13% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  9. Re-appointment of Mr. Srinivasachari Rajagopal (holding DIN: 00022609) as an Independent Director of the Company.
    Special
    97.55% for2.45% against

    Against: promoters 0.00% · institutions 15.13% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  10. Re-appointment of Dr. Punita Kumar Sinha (holding DIN: 05229262) as an Independent Director of the Company.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.52% · other public 0.03%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

  11. Payment of Commission to Non Executive Directors.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 78.22% · promoters 100.00% · institutions 89.34% · other public 19.02%

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, 22 Mar 2019, 1 resolution

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

  1. Continuation of Directorship of Mr. Srinivasachari Rajagopal (DIN:00022609) as a Non Executive & Independent Director for his present term expiring on 1st August, 2019 notwithstanding that he has attained the age of 75 (seventy five) years.MoreLess
    Special
    96.64% for3.36% against

    Against: promoters 0.00% · institutions 18.87% · other public 1.30%

    Turnout: all 74.67% · promoters 100.00% · institutions 88.08% · other public 2.62%

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 16 Aug 2019, 2 fund houses

  • Special Resolution - Transfer of Lending Business, Interest Earning Business & Lease Business of Srei Infrastructure Finance Limited to Srei Equipment Finance Limited, a wholly owned subsidiary as a going concern on a slump exchange basis.MoreLess
    1 for0 against

    1 abstained

Mutual fund votes, meeting of 27 Jul 2019, 2 fund houses

  • Adoption of -na. The Standalone Financial Statement of the Company for the financial year ended March 31, 2019, and the Report of the Directors and Auditors thereon.nb. The Consolidated Financial Statement of the Company for the financial year ended March 31, 2019, and the Report of the Auditors thereon.nMoreLess
    1 for0 against

    1 abstained

  • Confirmation of Interim Dividend paid during the Financial Year 2018-19.
    1 for0 against

    1 abstained

  • Appointment of a Director in place of Mr. Sunil Kanoria (holding DIN: 00421564) who retires by rotation and being eligible, seeks re-appointment.
    1 for0 against

    1 abstained

  • Approval for cancellation of 4,72,827 forfeited equity shares from the issued and paid up equity share capital of the Company.
    1 for0 against

    1 abstained

  • Appointment of Mr. Hemant Kanoria (holding DIN: 00193015) as the Chairman of the Company.
    1 for0 against

    1 abstained

  • Appointment of Mr. Balaji Viswanathan Swaminathan (holding DIN: 01794148) as a Non Executive Non Independent Director of the Company.
    1 for0 against

    1 abstained

  • Appointment of Dr. Tamali Sengupta (holding DIN: 00358658) as an Independent Director of the Company.
    1 for0 against

    1 abstained

  • Re-appointment of Mr. Shyamalendu Chatterjee (holding DIN: 00048249) as an Independent Director of the Company.
    Against SBI Mutual Fund
    • SBI Mutual FundShyamalendu Chatterjee, 72, is former Executive Director Axis Bank. He has been Independent Director on the board for close to 10 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. If the company believes that it will benefit from him serving on the board, it should reappoint him as a Non-Independent director.
    0 for1 against

    1 abstained

  • Re-appointment of Mr. Srinivasachari Rajagopal (holding DIN: 00022609) as an Independent Director of the Company.
    Against SBI Mutual Fund
    • SBI Mutual FundSrinivasachari Rajgopal, 79, is former Chairperson & MD Bank of India and Indian Bank. He has been Independent Director on the board for 16 years. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association (>10 years) with the company. If the company believes that it will benefit from him serving on the board, it should reappoint him as a Non-Independent director.
    0 for1 against

    1 abstained

  • Re-appointment of Dr. Punita Kumar Sinha (holding DIN: 05229262) as an Independent Director of the Company.
    1 for0 against

    1 abstained

  • Payment of Commission to Non Executive Directors.
    1 for0 against

    1 abstained

4 earlier meetings

Mutual fund votes, meeting of 22 Mar 2019, 2 fund houses

  • Continuation of Directorship of Mr. Srinivasachari Rajagopal (DIN:00022609) as a Non Executive & Independent Director for his present term expiring on 1st August, 2019 notwithstanding that he has attained the age of 75 (seventy five) years.MoreLess
    Against SBI Mutual Fund
    • SBI Mutual FundSrinivasachari Rajagopal (DIN: 00022609) is the Former Chairperson and MD of Bank of India and Indian Bank. Recent changes in SEBI’s LODR require directors having attained the age of 75 to be re-approved by shareholders through a special resolution. In line with this regulatory change, Srinivasachari Rajagopal’s continuation on the board requires shareholder approval: he is 78 years old. He has been on the board since January 2003. We believe that the length of tenure is inversely proportionate to the independence of a director. We classify him as non-independent due to his long association with the company. If the company believes that it will benefit from him serving on the board, it must consider his continuation as a non-independent director.
    0 for1 against

    1 abstained

Mutual fund votes, meeting of 21 Jul 2018, 5 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended 31st March, 2018 and the Reports of the Directors & Auditors thereon. b) Adoption of Audited Consolidated Financial Statements for the year ended 31st March, 2018 and the Reports of the Auditors thereon.MoreLess
    1 for0 against
  • 2) To declare a dividend.
    1 for0 against
  • 3) Re-appoint Mr. Hemant Kanoria as a Director.
    1 for0 against
  • 4) Ratify Haribhakti & Co. LLP as Statutory Auditors and fix their remuneration.
    1 for0 against
  • 5) Appoint Mr. Malay Mukherjee as an Independent Director for a period of five years w.e.f. 21st July, 2018.
    1 for0 against
  • 6) Appoint Mr. Ram Krishna Agarwal as an Independent Director for a period of five years w.e.f. 21st July, 2018.
    1 for0 against
  • 7) Issue Non-Convertible Debentures up to Rs.50 bn on private placement basis.
    1 for0 against
  • Adoption of - a. The Standalone Financial Statement of the Company for the financial year ended March 31, 2018, and the report of the Directors and Auditors thereon. b. The Consolidated Financial Statement of the Company for the financial year ended March 31, 2018, and the report of the Auditors thereon.MoreLess
    0 for0 against

    1 abstained

  • Adoption of Financial Statements of the Company
    0 for0 against

    1 abstained

  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2018
    1 for0 against
  • Appoint Malay Mukherjee as an Independent Director for a period of five years w.e.f 26 October 2017
    1 for0 against
  • Appoint Ram Krishna Agarwal as an Independent Director for a period of five years w.e.f 21 July 2018
    1 for0 against
  • Appointment of a Director in place of Mr. Hemant Kanoria (holding DIN 00193015) who retires by rotation and being eligible, seeks re-appointment
    0 for0 against

    1 abstained

  • Appointment of Mr. Malay Mukherjee as an Independent Director for a period of 5 years
    0 for0 against

    1 abstained

  • Appointment of Mr. Malay Mukherjee as an Independent Director of the Company, not liable to retire by rotation for a period of 5 (five) consecutive years from the date of the Thirty-Third Annual General Meeting of the CompanyMoreLess
    1 for0 against
  • Appointment of Mr. Malay Mukherjee (holding DIN 02272425) as a Non-Executive and Independent Director of the Company.
    0 for0 against

    1 abstained

  • Appointment of Mr. Ram Krishna Agarwal as an Independent Director for a period of 5 years
    0 for0 against

    1 abstained

  • Appointment of Mr. Ram Krishna Agarwal as an Independent Director of the Company, not liable to retire by rotation for a period of 5 (five) consecutive years from the date of the Thirty-Third Annual General Meeting of the CompanyMoreLess
    1 for0 against
  • Approval for issue of Non-Convertible Debentures on a private placement basis upto Rs. 5000 Crore
    0 for0 against

    1 abstained

  • Approve final dividend of Rs.0.5 per share
    1 for0 against
  • Declaration of dividend
    0 for0 against

    1 abstained

  • Declaration of Dividend for the financial year ended March 31, 2018.
    0 for0 against

    1 abstained

  • Issuance of Non - Convertible Debt Securities (NCDs) upto Rs. 5,000 Crores on private placement basis.
    0 for0 against

    1 abstained

  • Issue Non-Convertible Debentures up to Rs.50 bn on private placement basis
    1 for0 against
  • Ratification of appointment of Haribhakti & Co. LLP as Statutory Auditors and to fix the remuneration
    0 for0 against

    1 abstained

  • Ratification of appointment of Statutory Auditors of the Company, and to fix their remuneration.
    0 for0 against

    1 abstained

  • Ratify Haribhakti & Co. LLP as statutory auditors for FY19
    1 for0 against
  • Re-appointment of Mr. Hemant Kanoria, director retiring by rotation
    0 for0 against

    1 abstained

  • Re-designation of Mr. Ram Krishna Agarwal (holding DIN 00416964) as a Non-Executive and Independent Director of the Company.
    0 for0 against

    1 abstained

  • Reappoint Hemant Kanoria as Director
    1 for0 against
  • To authorise the Board of Directors of the Company, to issue on private placement basis, in one or more tranches, Redeemable Non-Convertible Debentures (NCDs) (including secured debentures, unsecured debentures, bonds, subordinated debt securities, covered bonds or other debt securities) for cash, such that the aggregate amount of such NCDs during the period of 1 (one) year from the date of passing of the Special Resolution by the Members shall not exceed Rs. 5,000 Crores (Rupees Five Thousand Crores only)MoreLess
    1 for0 against
  • To declare dividend on the Equity Shares of the Company.
    1 for0 against
  • To elect a Director in place of Mr. Hemant Kanoria who retires by rotation and being eligible, seeks re-appointment
    1 for0 against
  • To ratify the appointment of Statutory Auditors of the Company, and to fix their remuneration
    1 for0 against
  • To receive, consider and adopt - a. The Standalone Financial Statement of the Company for the financial year ended March 31, 2018, and the Report of the Directors and Auditors thereon. b. The Consolidated Financial Statement of the Company for the financial year ended March 31, 2018, and the Report of the Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 10 Dec 2017, 3 fund houses

  • 1) Alter the Articles of Association (AoA) to conform with provision of Companies Act, 2013
    Against SBI Mutual Fund
    • SBI Mutual FundSIFL proposes to alter its AoA to comply with the Companies Act, 2013. The revised AoA provides certain overriding powers to the promoters, which are susceptible to potential misuse and are prejudicial to the interest of minority shareholders.
    0 for1 against
  • Special Resolution for adoption of new Articles of Association of the Company
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundSIFL proposes to alter its AoA to comply with the Companies Act 2013. The revised AoA provides certain overriding powers to the promoters, which are susceptible to potential misuse and are prejudicial to the interest of minority shareholders.
    1 for1 against

Mutual fund votes, meeting of 22 Jul 2017, 1 fund house

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended 31st March, 2017 and the Reports of the Directors & Auditors thereon. b) Adoption of Consolidated Financial Statements for the year ended 31st March, 2017 and the Report of the Auditors thereon.MoreLess
    1 for0 against
  • 2) To declare dividend on Equity Shares.
    1 for0 against
  • 3) Re-appoint Mr. Sunil Kanoria as a Director.
    1 for0 against
  • 4) Ratify re-appointment of Haribhakti & Co. LLP as Statutory Auditors and fix their remuneration.
    1 for0 against
  • 5) Issuance of redeemable non-convertible debentures (NCDs) on a private placement basis upto Rs. 100 bn.
    1 for0 against

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