Techno Electric & Engineering Company CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 23 Sep 2025, 19 fund houses

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

• Aadoption of the Audited Financial Statements of the Company, both Standalone and Consolidated, for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon.MoreLess

  17 for0 against
• Declaration of the Final Dividend of Rs.9/- per equity share of nominal value of Rs.2/- each for the financial year ended March 31, 2025.

  19 for0 against
• Approval for re-appointment of Mr. Shailesh Kumar Mishra (holding DIN: 08068256) retiring by rotation, as Director under the provisions of the Companies Act, 2013

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and Shailesh Kumar Mishra is a non-independent director nominee.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met (after ISS re-classification) and Shailesh Kumar Mishra is a non-independent director nominee

  17 for2 against
• Approval of remuneration of Cost Auditor u/s. 148(3) of the Companies Act, 2013.

  4 for0 against
• Approval of appointment of M/s. Babulal Patni, Practicing Company Secretaries (CP No. 1321 and PR No. 1455/2021), Secretarial Auditor for a term of 5 (five) consecutive years commencing from FY 2025-26.MoreLess

  ›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: Failure to highlight previous non-compliance by the Secretarial Auditors in their Report or Compliance Report.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Failure to highlight previous non-compliance by the Secretarial Auditors in their Report or Compliance Report.

  13 for6 against

Mutual fund votes, meeting of 26 Sep 2024, 12 fund houses

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

• Aadoption of the Audited Financial Statements of the Company, both Standalone and Consolidated, for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon.MoreLess

  10 for0 against
• Declaration of the Final Dividend of Rs.7/- per equity share of nominal value of Rs.2/- each for the financial year ended March 31, 2024.

  12 for0 against
• Appointment of a Director in place of Ms. Avantika Gupta (holding DIN: 03149138), who is a Non-Executive Director and retires by rotation in terms of section 152 of the Companies Act, 2013 and, being eligible, offers herself, for re-appointment.MoreLess

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the nominee is a non-executive non-independent nominee and the board independence norms are not met.
  • HSBC Mutual FundThe nominees are non-executive non-independent nominees and the board independence norms are not met, post our reclassification.

  10 for2 against
• Appointment of Mr. Shailesh Kumar Mishra (DIN: 08068256) as Non-Executive Director

  ›Against Bandhan Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual FundNo concerns on merit of appointee. Appointment Non-compliant with Law (SEBI): Delayed Shareholders’ approval.
  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the nominee is a non-executive non-independent nominee and the board independence norms are not met.
  • HSBC Mutual FundThe nominees are non-executive non-independent nominees and the board independence norms are not met, post our reclassification.
  • LIC Mutual FundNo concerns on merit of appointee. Appointment Non-compliant with Law (SEBI): Delayed Shareholders approval.
  • Motilal Oswal Mutual FundDelayed shareholders’ approval

  6 for6 against
• Appointment of Mr. James Raymond Trout (DIN:10566465) as Non-Executive Director

  ›Against Bandhan Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual FundNo concerns on merit of appointee. Appointment Non-compliant with Law (SEBI): Delayed Shareholders’ approval.
  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the nominee is a non-executive non-independent nominee and the board independence norms are not met.
  • HSBC Mutual FundThe nominees are non-executive non-independent nominees and the board independence norms are not met, post our reclassification.
  • LIC Mutual FundNo concerns on merit of appointee. Appointment Non-compliant with Law (SEBI): Delayed Shareholders approval.
  • Motilal Oswal Mutual FundDelayed shareholders’ approval

  6 for6 against
• Appointment of Mr. Arun Duggal (DIN: 00024262) as Independent Director.

  ›Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund

  • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual FundNo concern on the merit of proposed appointee. Non-Compliance with Regulation 17(1A) of SEBI LODR, 2015: No prior approval for appointment of director above 75 years of age.
  • Motilal Oswal Mutual FundNo prior approval for appointment as ID beyond 75 years of age

  8 for4 against
• Approval of Remuneration of Cost Auditors

  12 for0 against
• Shifting of Registered Office from the State of Uttar Pradesh to the State of Haryana.

  12 for0 against
• Approval of payment of remuneration by way of commission to Non-Executive Directors, including Independent Directors of the Company for the financial year 2024-25.

  12 for0 against

Mutual fund votes, meeting of 22 Apr 2024, 7 fund houses

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

• Special Resolution under Section 23, Section 42, Section 62, Section 71, Section 179 and other applicable provisions, if any of the Companies Act, 2013, for capital fund raising in one or more tranches by way of issuance of equity shares and/or equity linked securities.MoreLess

  ›Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund

  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Significant dilution and no specific justification for not opting Rights issue.
  • Kotak Mahindra Mutual FundTEEC is a cash rich company (Cash and cash equivalent of INR15b) and fund raise of INR12.5b is large from the point of view of its current market cap (Dilution of 12.5%) and balance sheet size (INR23b). Even considering change in mix of order book towards capital intensive orders, which in itself is negative, the reason to raise funds to invest in smart meters based orders and data centre is a step towards capital misallocation. Additionally, the company is proposing for increase in borrowing limits as well, which raises concern over nature of business changing to asset heavy vs asset light in the past a key differentiating point vs peers. Also with the dilution having a potential to reach ~ 15.02%, the company should address the reasons behind not going in for rights issue. Hence voting against the resolution.

  4 for3 against
• Special Resolution under Section 180(1)(c) and other applicable provisions, if any, of the Companies Act, 2013 for Increase in borrowing limits from Rs. 2,000 crores to Rs. 3,000 crores or the aggregate of the paid up capital and free reserves of the Company, whichever is higher.MoreLess

  ›Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund

  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Utilized portion of existing borrowings limit cannot be ascertained.
  • Kotak Mahindra Mutual FundCurrent utilisation is very low for the scale of the business and strong cash rich balance sheet. Utilisation of the higher borrowing limits for the growth of business is not clear. It is part of overall funding plan to raise INR70-80b to fund investment in Transmission projects, Data Centre and EPC business. This clearly shows dilution in health of current strong balance sheet and any execution challenge in large project can increase liquidity risk. Hence voting against.

  2 for3 against
• Special Resolution under Section 180(1)(a) and other applicable provisions, if any, of the Companies Act, 2013 for Creation of Charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings.MoreLess

  ›Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund

  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Utilized portion of existing borrowings limit cannot be ascertained.
  • Kotak Mahindra Mutual FundCurrent utilisation is very low for the scale of the business and strong cash rich balance sheet. Utilisation of the higher borrowing limits for the growth of business is not clear. It is part of overall funding plan to raise INR70-80b to fund investment in Transmission projects, Data Centre and EPC business. This clearly shows dilution in health of current strong balance sheet and any execution challenge in large project can increase liquidity risk. Hence voting against.

  2 for3 against

Mutual fund votes, meeting of 26 Sep 2023, 7 fund houses

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

• To receive, consider and adopt the Audited Financial Statements of the Company, both Standalone and Consolidated, for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon.MoreLess

  7 for0 against
• To confirm the declaration of the Final Dividend of Rs.6/- per equity share of nominal value of Rs.2/- each for the financial year ended March 31, 2023

  7 for0 against
• To appoint a Director in place of Ms. Avantika Gupta (holding DIN: 03149138), who is a Non-Executive Director and retires by rotation in terms of section 152 of the Companies Act, 2013 and, being eligible, offers herself, for re-appointment.MoreLess

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the board independence norms are not met and Avantika Gupta is a non-independent director nominee.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Nomination and Remuneration committees.
  • ICICI Prudential Mutual Fund.There is lack of clarity with respect to her previous work experience. Her work experience has been quoted differentlty at different places like website of the Company, Board's report of the Company and in another section of Annual Report. In the absence of clarity with respect to her work experience, the AMC raise further concern over her ability to sufficiently devote time as a director given that she holds 15 Board positions. Hence, the AMC has voted against the resolution.
  • Nippon India Mutual FundProposed re-appointment showing its dissent on process of retire by rotation

  3 for4 against
• To Re-Appointment of Mr. Padam Prakash Gupta(DIN: 00055954) as Managing Director for a period of five years w.e.f. 10th August, 2023.

  7 for0 against
• To Appointment of Mr. Anjan Dasgupta (DIN: 08064739) as Independent Director for a period of five years w.e.f. 14th August, 2023.

  ›Against Nippon India Mutual Fund

  • Nippon India Mutual FundProposed appointment of Independent director will exceed 5 years

  6 for1 against
• To Re-Appointment of Mr. Samarendra Nath Roy(DIN: 00408742) as Independent Director for a period of five years w.e.f. 27th September, 2023.

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because there are concerns on the independence of Samarendra Roy since his overall tenure in the company is more than 10 years.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Nomination, Remuneration, and Audit committees.We have concerns about the lack of independence of the Nomination and Remuneration Committee Chairs.
  • ICICI Prudential Mutual FundOn account of his long-term association with the company and the group for more than 10 years, we classify him as non-Independent. If the Board believes he adds value to Board deliberations, it must consider reappointing him as a non-Independent non-executive director. Further Mr. Samarendra Nath Roy has already been appointed for two terms of five years as Independent Director (2014 AGM and 2018 AGM)– seeking approval for another term may not be in line with regulations. Hence, the AMC has voted against the resolution.
  • Kotak Mahindra Mutual FundMr. Samarendra Nath Roy, 79, has more than 5 decades of industry expertise. He has attended all five of the board meetings in FY23. On account of his long-term association with the company and the group for more than 10 years, we classify him as non-Independent. If the board believes he adds value to board deliberations, it must consider reappointing him as a non-independent non-executive director. Hence voting AGAINST .
  • Nippon India Mutual FundAssociation may adversely impact independence

  2 for5 against
• To Re-Appointment of Mr. Krishna Murari Poddar(DIN: 00028012) as Independent Director for a period of five years w.e.f. 27th September, 2023.

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because there are concerns on the independence of Krishna Poddar since his overall tenure in the company is more than 10 years.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Nomination and Remuneration committees.
  • ICICI Prudential Mutual FundOn account of his long-term association with the company for more than 10 years, we classify him as non-Independent. If the board believes he adds value to board deliberations, it must consider reappointing him as a non-independent non-executive director. Further we raise concern that Mr. Krishna Murari Poddar has already been appointed for two terms of five years as Independent Director (2014 AGM and 2018 AGM)– seeking approval for another term may not be in line with regulations. Hence, the AMC has voted against the resolution.
  • Kotak Mahindra Mutual FundMr. Krishna Murari Poddar, 70, has more than 5 decades of industry expertise. He has attended majority of the board meetings in FY23. On account of his long-term association with the company and the group for more than 10 years, we classify him as non-Independent. If the board believes he adds value to board deliberations, it must consider reappointing him as a non-independent non-executive director. Hence voting AGAINST .
  • Nippon India Mutual FundAssociation may adversely impact independence

  2 for5 against
• To Re-Appointment of Ms. Dipali Khanna(DIN: 03395440) as Independent Director for a period of five years w.e.f. 27th September, 2023.

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because Dipali Khanna has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
  • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.

  5 for2 against
• To Re-Appointment of Mr. Kadenja Krishna Rai(DIN: 00629937) as Independent Director for a period of two years w.e.f. 27th September, 2023.

  ›Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because there are concerns on the independence of Kadenja Rai since his overall tenure in the company is more than 10 years.
  • HSBC Mutual FundWe have concerns about insufficient independence on the board.We have concerns about insufficient independence on the Audit committee.
  • ICICI Prudential Mutual FundOn account of his long-term association with the company for more than 10 years, we classify him as non-Independent. If the board believes he adds value to board deliberations, it must consider reappointing him as a non-independent non-executive director. Further we raise concern that Mr. Kadenja Krishna Rai has already been appointed for two terms of five years as Independent Director (2014 AGM and 2018 AGM)– seeking approval for another term may not be in line with regulations. Hence, the AMC has voted against the resolution.
  • Kotak Mahindra Mutual FundMr. Kadenja Krishna Rai, 79, has more than five decades of expertise in banking. He has attended majority of the board meetings in FY23. On account of his long-term association with the company and the group for more than 10 years, we classify him as non-Independent. If the board believes he adds value to board deliberations, it must consider reappointing him as a non-independent non-executive director. Hence voting AGAINST .
  • Nippon India Mutual FundAssociation may adversely impact independence

  2 for5 against
• Approval of Remuneration to Cost Auditors u/s. 148(3) of the Companies Act, 2013.

  2 for0 against
• Shifting of Registered Office from the State of Uttar Pradesh to the State of Haryana.

  7 for0 against

Mutual fund votes, meeting of 26 Sep 2022, 5 fund houses

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

• To receive, consider and adopt the Audited Financial Statements of the Company, both Standalone and Consolidated, for the financial year ended 31st March, 2022 together with the Reports of the Board of Directors and Auditors thereon.MoreLess

  5 for0 against
• To confirm the declaration of the Final Dividend of Rs.2/- per equity share of nominal value of Rs.2/- each for the financial year ended March 31, 2022.

  5 for0 against
• To appoint a Director in place of Ms. Avantika Gupta (holding DIN: 03149138), who is a Non-Executive Director and retires by rotation in terms of section 152 of the Companies Act, 2013 and, being eligible, offers herself, for re-appointment.MoreLess

  ›Against Franklin Templeton Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because: • The board independence norms are not met and Avantika Gupta is a non-independent director nominee.

  4 for1 against
• To appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants, (Firm Registration No. 001076N/N500013) as Statutory Auditors of the Company for five years and to fix the remuneration payable to them for the financial year ending 31st March, 2022.MoreLess

  5 for0 against
• Approval of Remuneration to Cost Auditors u/s. 148(3) of the Companies Act, 2013.

  1 for0 against

Mutual fund votes, meeting of 19 Jul 2022, 5 fund houses

• Special Resolution under Section 180(1)(a) of the Companies Act, 2013 for Sale, Lease or otherwise Disposal of Undertaking/Assets.

  ›Against Franklin Templeton Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given the lack of disclosure to make an informed voting decision.

  4 for1 against
• Special Resolution seeking approval for re-appointment of Mr. Ankit Saraiya (DIN : 02771647) as Whole-time Director under section 196, 197, 198 & 203 read with Schedule V of the Companies Act, 2013

  ›Against Franklin Templeton Mutual Fund

  • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • The board independence norms are not met and Ankit Saraiya is a non-independent director nominee. • He is an executive director serving on the audit committee. • His attendance with regard to board and committee meetings has been inadequate in the most recent fiscal year (FY2021).

  4 for1 against