Syndicate Bank (Delisted) MD, chairman, board of directors and AGM

BSE: 532276

Last traded ₹15.15 on 19 Mar 2020

Delisted on 27 May 2020.

Syndicate Bank 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.Syndicate Bank share news and announcements

Annual general meeting, 28 Jun 2019

Present: 1 promoter and 1,811 others.The company's voting result (opens in a new tab)

  1. To discuss, approve and adopt, the Balance Sheet of the Bank as at 31st March 2019 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors� Report on the Balance Sheet and AccountsMoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 86.44% · promoters 100.00% · institutions 79.10% · other public 0.63%

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, 29 Mar 2019, 1 resolution

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

  1. to create, offer, issue and allot requisite number of Equity Shares of face value of Rs. 10/- (Rupees Ten only) each to the Government of India (“GOI”) aggregating to Rs. 1,603 Crore (Rupees One thousand six hundred three crore only) on preferential basis inclusive of premium for cash at an Issue Price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018MoreLess
    Special
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 3.63% · other public 4.08%

    Turnout: all 88.86% · promoters 100.00% · institutions 76.82% · other public 0.18%

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, 27 Feb 2019, 1 resolution

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

  1. to create, offer, issue and allot requisite number of Equity Shares of face value of `10/- (Rupees Ten only) each to the Government of India (“GOI”) aggregating to `1,632 Crore (Rupees One Thousand Six Hundred Thirty Two Crore only) on preferential basis inclusive of premium for cash at an Issue Price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018MoreLess
    Special
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 3.68% · other public 5.73%

    Turnout: all 88.88% · promoters 100.00% · institutions 75.80% · other public 0.21%

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.

Postal ballot, 18 Dec 2018, 2 resolutions

Present: 1 promoter and 495 others.The company's voting result (opens in a new tab)

  1. SPECIAL - To create, offer, issue and allot requisite number of Equity Shares of face value of Rs.10/- each (Rupees Ten only) to Government of India aggregating to Rs.728 Crore (Rupees Seven Hundred Twenty Eight Crore only) on preferential basis inclusive of premium for cash at an issue price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018. The issue price determined as on the Relevant Date of 16th November, 2018 in terms of SEBI (ICDR) Regulations, 2018, is Rs. 39.63 per Equity Share (including premium of Rs. 29.63 per equity share) in respect of preferential issue of shares to aggregating to Rs.728.00 Crore to Government of India, the Promoters. 2. At the above issue price, Bank can allot upto 18,36,99,217 Equity Shares to Government of India (�GOI�) against capital infusion of Rs. 728.00 Crore. Government of India shareholding before the issue is 73.07% and shareholding after the proposed issue will be 76.16%.MoreLess
    Special
    99.18% for0.59% against

    Against: promoters 0.00% · institutions 3.66% · other public 3.80%

    Turnout: all 87.11% · promoters 100.00% · institutions 76.08% · other public 0.21%

  2. SPECIAL - To increase the limit up to Rs.500 Crore (Rupees Five Hundred Crore only) including premium to raise capital by creating, granting offer, issuing and allotting up to 30,00,00,000 (Thirty Crore) new Equity Shares of face value of Rs.10/- (Rupees Ten only) each to eligible employees under Employee Stock Purchase Scheme (hereinafter referred to as �ESPS�) in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion. This includes the earlier approval of the Shareholders in the Extraordinary General Meeting (�EGM�) on 29th October 2018 at Manipal to raise capital aggregating to Rs.250 Crore (Rupees Two Hundred Fifty Crore only) by issuance and allotment of 9,00,00,000 (Nine Crore) Equity Shares under ESPS.MoreLess
    Special
    97.58% for2.19% against

    Against: promoters 0.00% · institutions 13.60% · other public 4.88%

    Turnout: all 87.11% · promoters 100.00% · institutions 76.08% · other public 0.21%

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.

Extraordinary general meeting, 29 Oct 2018, 3 resolutions

Present: 1 promoter and 843 others.The company's voting result (opens in a new tab)

  1. To Elect 1(One) Director amongst shareholders of the Bank (other than the Central Government)- Shri Kamal Kishore Singhal
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 2.97% · promoters 0.00% · institutions 16.02% · other public 0.12%

  2. To Elect 1(One) Director amongst shareholders of the Bank (other than the Central Government)- Shri Arvind Kumar Jain
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 0.07% · promoters 0.00% · institutions 0.38% · other public 0.01%

  3. To raise equity capital to the extent of Rs 250 Crore (Rupees two hundred fifty crore only) by creating, offering, issuing and allotting up to 9,00,00,000 (Nine Crore) equity shares of face value of Rs 10/- (Rupees ten only) each to Employees of the Bank under Employee Stock Purchase Scheme (hereinafter referred to as "SYNDIBANK-ESPS") in one or more tranches.MoreLess
    Special
    98.44% for1.56% against

    Against: promoters 0.00% · institutions 9.81% · other public 1.44%

    Turnout: all 86.85% · promoters 100.00% · institutions 74.61% · other public 0.13%

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 28 Jun 2019, 4 fund houses

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

  • To discuss, approve and adopt, the Balance Sheet of the Bank as at 31st March 2019 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors� Report on the Balance Sheet and AccountsMoreLess
    3 for0 against
1 proposal not matched to one resolution
  • Adoption of Financial Statements of the Company
    1 for0 against

Mutual fund votes, meeting of 29 Mar 2019, 4 fund houses

  • to create, offer, issue and allot requisite number of Equity Shares of face value of Rs. 10/- (Rupees Ten only) each to the Government of India (“GOI”) aggregating to Rs. 1,603 Crore (Rupees One thousand six hundred three crore only) on preferential basis inclusive of premium for cash at an Issue Price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018MoreLess
    4 for0 against
6 earlier meetings

Mutual fund votes, meeting of 27 Feb 2019, 4 fund houses

  • to create, offer, issue and allot requisite number of Equity Shares of face value of `10/- (Rupees Ten only) each to the Government of India (“GOI”) aggregating to `1,632 Crore (Rupees One Thousand Six Hundred Thirty Two Crore only) on preferential basis inclusive of premium for cash at an Issue Price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018MoreLess
    4 for0 against

Mutual fund votes, meeting of 18 Dec 2018, 5 fund houses

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

  • SPECIAL - To create, offer, issue and allot requisite number of Equity Shares of face value of Rs.10/- each (Rupees Ten only) to Government of India aggregating to Rs.728 Crore (Rupees Seven Hundred Twenty Eight Crore only) on preferential basis inclusive of premium for cash at an issue price to be determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018. The issue price determined as on the Relevant Date of 16th November, 2018 in terms of SEBI (ICDR) Regulations, 2018, is Rs. 39.63 per Equity Share (including premium of Rs. 29.63 per equity share) in respect of preferential issue of shares to aggregating to Rs.728.00 Crore to Government of India, the Promoters. 2. At the above issue price, Bank can allot upto 18,36,99,217 Equity Shares to Government of India (�GOI�) against capital infusion of Rs. 728.00 Crore. Government of India shareholding before the issue is 73.07% and shareholding after the proposed issue will be 76.16%.MoreLess
    4 for0 against
  • SPECIAL - To increase the limit up to Rs.500 Crore (Rupees Five Hundred Crore only) including premium to raise capital by creating, granting offer, issuing and allotting up to 30,00,00,000 (Thirty Crore) new Equity Shares of face value of Rs.10/- (Rupees Ten only) each to eligible employees under Employee Stock Purchase Scheme (hereinafter referred to as �ESPS�) in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion. This includes the earlier approval of the Shareholders in the Extraordinary General Meeting (�EGM�) on 29th October 2018 at Manipal to raise capital aggregating to Rs.250 Crore (Rupees Two Hundred Fifty Crore only) by issuance and allotment of 9,00,00,000 (Nine Crore) Equity Shares under ESPS.MoreLess
    4 for0 against
2 proposals not matched to one resolution
  • Issue of 300.0 mn shares to employees and whole-time directors upto a limit of Rs 5.0 bn
    1 for0 against
  • To issue up to 183.7 mn equity shares at an issue price of Rs. 39.63 per share, aggregating up to Rs. 7.3 bn to the Government of India (GoI) on preferential basis
    1 for0 against

Mutual fund votes, meeting of 29 Oct 2018, 5 fund houses

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

  • To Elect 1(One) Director amongst shareholders of the Bank (other than the Central Government)- Shri Kamal Kishore Singhal
    1 for0 against
  • To raise equity capital to the extent of Rs 250 Crore (Rupees two hundred fifty crore only) by creating, offering, issuing and allotting up to 9,00,00,000 (Nine Crore) equity shares of face value of Rs 10/- (Rupees ten only) each to Employees of the Bank under Employee Stock Purchase Scheme (hereinafter referred to as "SYNDIBANK-ESPS") in one or more tranches.MoreLess
    4 for0 against
4 proposals not matched to one resolution
  • Issue of 90.0 mn shares to employees and whole-time directors at a discount to market price
    1 for0 against
  • To elect 1 (one) Director from amongst Shareholders of the Bank
    1 for0 against
  • To elect 1 (one) Director from amongst Shareholders of the Bank (other than Central Government)
    1 for0 against

    1 abstained

  • To elect one shareholder director from amongst the public shareholders of the bank
    1 for0 against

Mutual fund votes, meeting of 28 Jun 2018, 6 fund houses

  • Adoption of financial statements for the year ended 31 March 2018
    1 for0 against
  • Adoption of Financial Statements of the Company
    1 for0 against
  • Approval for issue of Equity Shares by way of Qualified Institutional Placement upto Rs. 5000 crore
    1 for0 against
  • Raising of Funds by issue of equity shares to Qualified Institutional Buyers for an aggregate amount not exceeding Rs.5000 Crore.
    1 for0 against
  • To accord approval for the capital issue of the Bank for an aggregate amount not exceeding ?5000 Crore (Rupees Five Thousand Crore only), by way of Qualified Institutional Placement/Rights Issue/Follow On Public Issue/preferential allotment or any other mode permitted by Reserve Bank of India/Government of India, in one or more tranches, inclusive of premium to be decided/approved by the Board subject to Government of India holding not falling below 51% of the total capital.MoreLess
    1 for0 against
  • To accord approval for the capital issue of the Bank for an aggregate amount not exceeding Rs. 5000 Crore (Rupees Five Thousand Crore only), by way of Qualified Institutional Placement/Rights Issue/Follow On Public Issue/preferential allotment or any other mode permitted by Reserve Bank of India/Government of India, in one or more tranches, inclusive of premium to be decided/approved by the Board subject to Government of India holding not falling below 51% of the total capitalMoreLess
    1 for0 against
  • To create, offer, issue and allot by way of a Qualified Institutional Placement under Chapter VIII of ICDR Regulations, such number of Equity Shares of the Bank to Qualified Institutional Buyers as defined under Chapter VIII of ICDR Regulations, whether they be holders of the shares of the Bank or not/Rights Issue under Chapter IV of ICDR Regulations to the existing shareholders/Follow on Public Issue or preferential allotment or any other mode approved by GOI/RBI, as may be decided by the Board in one or more tranches in their discretion and permitted under the applicable laws and regulations, for an aggregate amount not exceeding Rs. 5000 CroreMoreLess
    1 for0 against
  • To discuss, approve and adopt, the Balance Sheet of the Bank as at 31st March, 2018 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.MoreLess
    4 for0 against
  • To issue equity upto Rs 50.0 bn through public issue/rights issue/ preferential issue/ private placement/ qualified institutions placement
    1 for0 against

Mutual fund votes, meeting of 16 Mar 2018, 5 fund houses

  • Approval for issue of equity shares on preferential basis to Government of India of up to Rs. 2839 crs
    1 for0 against
  • Approval of shareholders for capital infusion by Government of India
    1 for0 against
  • Issue of Equity Shares on Preferential Basis to Government of India (GoI) upto Rs.2,839 Crore.
    1 for0 against
  • To authorise the Board of Directors of the Bank to raise capital by creating, offering, issuing and allotting upto 37,59,76,691 (Thirty seven crore fifty nine lakh seventy six thousand six hundred and ninety one only) Equity Shares of face value of Rs.10/- each for cash at an issue price of Rs.75.51 including premium of Rs.65.51 as determined by the Board in accordance with Regulation 76(1) of SEBI ICDR Regulations aggregating upto Rs.2839.00 crore (Rupees Two thousand eight hundred and thirty nine crore only) on preferential basis to Government of India.MoreLess
    1 for0 against
  • To issue up to 375.98 mn equity shares at an issue price of Rs. 75.51 per share, aggregating up to Rs. 28.39 bn to the Government of India (GoI) on preferential basis
    1 for0 against

Mutual fund votes, meeting of 23 Jun 2017, 2 fund houses

  • Approval of the shareholders for the capital issue of the Bank for an aggregate amount not exceeding Rs.3500 Crore by way of Qualified Institutional Placements/ Rights Issue/ Follow On Public Issue/ Preferential issue to GOI/LIC and other Financial Institutions or any other mode as approved by GOI/RBIMoreLess
    1 for0 against
  • The Special Resolution proposed in the Notice relates to the issue of equity shares through various modes including Qualified Institutional Placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR Regulations”) to Qualified Institutional Buyers for an amount not exceeding Rs 3,500 Crore (Rupees Three Thousand Five Hundred Crore only). As the equity shares of the Bank is listed with the Stock Exchanges pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is necessary for the shareholders to approve issue of any further security if not offered to them on a proportionate basis. It may be noted that apart from the approval of the shareholders, the issue of equity shares by way of Qualified Institutional Placement (QIP), etc., would be subject to compliance of all statutory, regulatory or any other applicable guidelines in this regard.MoreLess
    0 for0 against

    1 abstained

  • To discuss, approve and adopt, the Balance Sheet of the Bank as at 31st March 2017 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and AccountsMoreLess
    1 for0 against
  • To discuss, approve and adopt, the Balance Sheet of the State Bank as at 31st March 2017 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditor’s Report on the Balance Sheet and Accounts.MoreLess
    0 for0 against

    1 abstained

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