Tara Jewels (Delisted) MD, chairman, board of directors and AGM

BSE: 534756

Last traded ₹0.50 on 3 Sep 2019

Delisted on 10 Jun 2021.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 29 Sep 2015, 2 fund houses

  • A sum not exceeding 1% of the net profits of the Company per annum, be paid to and distributed among the Directors of the Company for a period of 5 (Five) years commencing from April 01, 2015.”
    1 for0 against
  • A sum not exceeding 1% of the net profits of the Company per annum, be paid to and distributed as Commission among the Directors of the Company or some or any of them (other than the Managing Director and the Whole Time Directors) in such amounts or proportion and in such manner and in all respects as may be decided by the Board of Directors and such payments shall be made with respect to the profits of the Company for each year, for a period of 5 (Five) years commencing from April 01, 2015MoreLess
    1 for0 against
  • Appointment of M/s. C.B. Chhajed & Co., as the Statutory Auditors of the Company and to fix their remuneration
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundC.B. Chhajed & Co.were reappointed as statutory auditors of TJL for three years in the AGM of FY14. C.B. Chhajed & Co. have been auditing the company’s accounts for 13 years. The ratification for another two years is neither in line with ourVoting Policy nor the spirit of Section 139 of the Companies Act 2013. Under the Act, an audit firm/network’s tenure may extend to a maximum of two consecutive terms of five years each (maximum 10 years). Although the Act has given companies a three-year window to comply, We expect companies to be proactive and start abiding by the spirit of the regulations at the earliest.
    1 for1 against
  • Appointment of Mr. Ravindran M.P. (DIN:07188069) as a Whole-Time Director for a period of Five (5) years, with effect from May 25, 2015,
    1 for0 against
  • Appointment of Mr. Ravindran M.P. (DIN:07188069) as a Whole-Time Director for a period of Five (5) years, with effect from May 25, 2015 and fixation of remuneration
    1 for0 against
  • Mr. Rajeev Sheth (DIN: 00266460), who retires by rotation and being eligible, offers himself for re-appointment be and is hereby re-appointed as a Director, liable to retire by rotation.
    1 for0 against
  • Mr. Ravindran M.P.(DIN:07188069), be and is hereby appointed as a Director of the Company, liable to retire by rotation.
    2 for0 against
  • Re-appointment of Mr. Rajeev Sheth (DIN:00266460) as the Chairman and Managing Director (CMD) of the Company for a period of five years with effect from October 1, 2015
    1 for0 against
  • Re-appointment of Mr. Rajeev Sheth (DIN:00266460) as the Chairman and Managing Director (CMD) of the Company for a period of five years with effect from October 1, 2015 and fixation of remuneration
    1 for0 against
  • Reappointment of Mr. Rajeev Sheth (DIN: 00266460), as a Director, liable to retire by rotation.
    1 for0 against
  • To receive, consider and adopt the Standalone and the Consolidated Audited financial statements as at March 31, 2015 together with the Report of the Board’ and the Auditors’ thereon.
    1 for0 against

    1 abstained

Mutual fund votes, meeting of 12 Feb 2015, 2 fund houses

  • Acceptance of Deposits from Members under Section 73(2) of the Companies Act, 2013
    1 for0 against
  • Acceptance of Deposits from Public under Section 76 of the Companies Act, 2013
    1 for0 against
  • Alteration of Incidental objects in the Memorandum of Association of the company to permit acceptance of deposits.
    0 for0 against

    1 abstained

  • Alteration of Incidental objects in the Memorandum of Association to permit acceptance of deposits
    1 for0 against
  • The Board of Directors, be and is hereby authorized to borrow monies from time to time, for the purpose of the business of the company, from any one or more banks, India and foreign financial institutions and other person, firms, bodies corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the company and remaining outstanding at any point of time may exceed the Paid-up Capital of the company and its free reserves provided that the total amount up to which the monies so borrowed by the Board and which shall remain outstanding at any given point of time shall not exceed Rs. 3,000 CroresMoreLess
    0 for0 against

    1 abstained

  • The company be and hereby accorded to invite/accept/renew from time to time unsecured/secured deposits including advances for the company's Jewellery Schemes from its Members of the company up to permissible limited and subject to fulfillment of applicable terms and conditions as prescribed under the companies Act.MoreLess
    0 for0 against

    1 abstained

  • The company be and is hereby accorded to approve all the contracts or arrangement entered into/proposed to be entered into by the company in future from time to time with parties being related parties as defined under the companies Act, 2013MoreLess
    0 for0 against

    1 abstained

  • The company be and is hereby accorded to invite/accept/renew from time to time Unsecured/ secured deposits including advances for the company's Jewellery Schemes from the public up to permissible limits and subject to fulfillment of applicable terms and conditions as prescribed under the companies Act, 2013MoreLess
    0 for0 against

    1 abstained

  • The members be and is hereby accorded to the Board of Directors of the company for making offer(s) or invitation(s) to subscribe to Secured/ Unsecured/ Redeemable/ Non-Convertible Debentures (NCDs) Including but not limited to subordinated Debentures bond, and/or other debt securities, etc. on a private placement basis, in one or more tranches, during the period of one year from passing of the Special Resolution by the member.MoreLess
    0 for0 against

    1 abstained

  • To Adopt a new set of Article of Association of the company containing Regulations in line with the companies Act.
    0 for0 against

    1 abstained

  • To Adopt a new set of Article of Association of the company containing Regulations in line with the Companies Act, 2013
    1 for0 against
  • To approve all the contracts or arrangement entered into/proposed to be entered into with Fabrikant Tara International LLC and Tara (Hong Kong) Ltd., being related parties as defined under the companies Act, 2013 with effect from April 1, 2014 and every year thereafter upto maximum p.a. amount of 400 crores and 200 crores respectivelyMoreLess
    1 for0 against
  • To authorise the Board of Directors for making offer to subscribe to Secured/ Unsecured/ Redeemable NCDs on a private placement basis, in one or more tranches, during the period of one year from passing of the Special Resolution by the members, within the overall borrowing limits of the CompanyMoreLess
    1 for0 against
  • To authorize Board of Directors to borrow monies notwithstanding that the monies to be borrowed together with the monies already borrowed may exceed the Paid-up Capital and free reserves provided that the total amount up to which the monies so borrowed shall not exceed Rs. 3,000 CroresMoreLess
    1 for0 against
  • To authorize Board of Directors to charge and/or hypothecate the movable and/ immovable properties for securing (i) the borrowings availed/ to be availed by way of loan(s) and/ or (ii) securities (comprising fully/ partly convertible debentures and/or NCDs with or without detachable warrants and/or secured premium notes and/or floating rates notes bonds or other debt instruments) which may be issued or allotted subject to the limit approved by the Members from time to time under Section 180 (1) (c) of the companies Act, 2013MoreLess
    1 for0 against
  • To manage, charge and/or hypothecate, in addition to the existing mortgages/ charges/ hypothecations created bythe company in such form and manner and with such ranking and at such a time and on such terms as the Board may determine, the movable and/ immovable properties of the company, wheresover situate, both present and future, of whole or substantially the whole of the Undertaking(s) for the purpose of securing (i) the borrowings availed/ to be availed by the company by way of loan(s) and/ or (ii) securities which may be issued or allotted by the company, from time to time, subject to the limit approved by the Members from time to time under Section 180 (1) (c) of the companies Act, 2013MoreLess
    0 for0 against

    1 abstained

1 earlier meeting

Mutual fund votes, meeting of 18 Sep 2014, 2 fund houses

  • Appointment of Mr. Sanjay Sethi (DIN: 01152580) as a Whole-Time Director (Finance) for a period of five years and fixation of remuneration
    1 for0 against
  • M/s. C.B. Chhajed & Co., Chartered Accountants, Mumbai (Firm Registration No. 101796W), be and are hereby re-appointed as the Statutory Auditors of the Company and that the Board of Directors of the Company be and are hereby authorised to fix such remuneration as may be determined by the Audit Committee in consultation with the Auditors.MoreLess
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundTara Jewels Ltd (TJL) proposes to re-appoint CB Chhajed & Co. as the statutory auditor. As information provided by the management, CB Chhajed & Co. has been statutory auditor of the company since its incorporation, i.e. 2001, TJL got listed in December 2012. The reappointment is not in the spirit of Section 139 of the Companies Act 2013. Under section 139 of the Companies Act 2013, an audit firm’s tenure may extend to a maximum of two consecutive terms of five years each (maximum 10 years). Although the Act has given companies a three-year window to comply, we expect companies to be proactive and start abiding by the spirit of the regulations at the earliest
    0 for1 against
  • Mr. Francois Claude Robert Arpels (DIN: 03533590), be and is hereby appointed as an Independent Director of the Company, not liable to determination by retirement by rotation
    1 for0 against
  • Mr. Francois Claude Robert Arpels (DIN: 03533590), who was appointed as a Director be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • Mr. Nikkhil Vaidya (DIN: 02942549), be and is hereby appointed as an Independent Director of the Company not liable to determination by retirement by rotation
    1 for0 against
  • Mr. Nikkhil Vaidya (DIN: 02942549), who was appointed as a Director liable to retire by rotation be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • Mr. Rajiv Lochan Jain (DIN: 00161022), be and is hereby appointed as an Independent Director of the Company not liable to determination by retirement by rotation
    1 for0 against
  • Mr. Rajiv Lochan Jain (DIN: 00161022), who was appointed as a Director be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • Mr. Rakesh Kalra (DIN: 00780354), be and is hereby appointed as an Independent Director of the Company not liable to determination by retirement by rotation
    1 for0 against
  • Mr. Rakesh Kalra (DIN: 00780354), who was appointed as a Director, be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • Mr. Sanjay Sethi (DIN: 01152580) be and is hereby appointed as a Director of the Company, liable to retire by rotation
    1 for0 against
  • Mr. Sanjay Sethi (DIN: 01152580) who was appointed as an Additional Director by the Board of Directors of the Company be and is hereby appointed as a Director of the Company, liable to retire by rotation.MoreLess
    1 for0 against
  • Mr. Shanti Saroop Khindria (DIN: 03271292), be and is hereby appointed as an Independent Director of the Company, not liable to determination by retirement by rotation
    1 for0 against
  • Mr. Shanti Saroop Khindria (DIN: 03271292), who was appointed as a Director be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • Ms. Fern Mallis (DIN: 03270532), be and is hereby appointed as an Independent Director of the Company not liable to determination by retirement by rotation
    1 for0 against
  • Ms. Fern Mallis (DIN: 03270532), who was appointed as a Director be and is hereby appointed as an Independent Director of the Company.
    1 for0 against
  • the approval of the Members of the Company be and is hereby accorded for the appointment of Mr. Sanjay Sethi (DIN: 01152580) as a Whole-Time Director (Finance) for a period of five years.
    1 for0 against
  • The remuneration of Rs. 60,000/- as approved by the Board of Directors of the Company to be paid to M/s. Ketki D. Visariya & Co., Cost Accountants (Firm Registration No. 00362) for the conduct of cost audit of the cost records of the Company, be and is hereby ratified and confirmed.MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Vikram Raizada (DIN: 03196436), who retires by rotation and, being eligible, seeks re-appointment.
    2 for0 against
  • To ratify the remuneration to be paid to M/s. Ketki D. Visariya & Co., Cost Accountants (Firm Registration No. 00362) appointed as Cost Auditors to conduct the cost audit of the cost records of the CompanyMoreLess
    1 for0 against
  • To reappoint M/s. C.B. Chhajed & Co., Chartered Accountants, Mumbai (Firm Registration No. 101796W), as the Statutory Auditors of the Company and fixation of remuneration
    1 for0 against
  • To receive, consider and adopt the Standalone and the Consolidated Audited Financial Statements including Balance Sheet as at March 31, 2014, the Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date including notes to the Financial Statements and the Report of the Directors and the Auditors thereon.MoreLess
    1 for0 against

    1 abstained

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