Vote Recommendation for March’12 Meetings

 

Here are the vote recommendations for meetings held in March 2012.

 

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For* = Shareholders advised to seek clarifications from the company

 

MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED – Postal Ballot on 1st March

Res # Resolution Title Management InGovern
1. Issue of Redeemable Non-convertible Preference shares For For*

 

MPHASIS LIMITED – AGM on 1st March

Res # Resolution Title Management InGovern
1. Adoption of Accounts For For*
2. Declaration of Dividend For For
Re-appointment of Directors
3. Mr. Balu Doraisamy For For
4. Dr. Freidrich Froeschl For For
5. Re-appointment of Auditors For For
6. Re-appointment of Mr. Balu Ganesh Ayyar as CEO and a Whole-time Director For For*

 

KPIT CUMMINS INFOSYSTEMS LIMITED – EGM on 1st March 

Res #

Resolution Title

Management

InGovern

1.

Issue of Bonus Shares

For

For

2.

Appointment of Mr. Sachin Tikekar as a Whole- time Director and fixing of his Remuneration

For

 For*

 

INDIABULLS POWER LIMITED – CCM on 3rd March 

Res #

Resolution Title

Management

InGovern

1.

Amalgamation of Indiabulls Power Ltd. with Indiabulls Infrastructure Development Ltd.

For

Against

 

PANTALOON RETAIL (INDIA) LIMITED – Postal Ballot on 5th March

Res #

Resolution Title

Management

InGovern

1.

Re-classification of Authorized Share Capital and amendment to MOA

For

For

2.

Change in Place of Keeping and Inspection of Registers and Returns

For

For

 

SADBHAV ENGINEERING LIMITED – Postal Ballot on 5th March

Res #

Resolution Title

Management

InGovern

1.

Amendment to the MoA to enter into new lines of activities

For

For

 

GODREJ PROPERTIES LIMITED – EGM on 5th March

Res #

Resolution Title

Management

InGovern

1.

Issue of Securities

For

 For*

 


CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD – Postal Ballot on 5th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Authorized Share Capital

For

For

2.

Amendment to the MoA

For

For

3.

Amendment to the AoA

For

For

4.

Issue and Preferential Allotment of Equity Shares

For

 For*

 

LIC HOUSING FINANCE LIMITED – EGM on 5th March

Res #

Resolution Title

Management

InGovern

1.

Issue of Shares to the Promoter

For

For

2.

Issue of Shares to QIBs

For

 For*


KWALITY DAIRY (INDIA) LIMITED – EGM on 6th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Borrowings Limit

For

Against


HINDALCO INDUSTRIES LIMITED – EGM on 7th March

Res #

Resolution Title

Management

InGovern

1.

Issue of Warrants to Promoters

For

 Against

 


CHEMPLAST SANMAR LIMITED – Postal Ballot on 10th March

Res #

Resolution Title

Management

InGovern

1.

Delisting of Shares from BSE, NSE and Madras Stock Exchange

For

For

 

TORRENT POWER LIMITED – Postal Ballot on 12th March

Res #

Resolution Title

Management

InGovern

1.

Amendment to the MoA

For

For

2.

Commencement of new Business

For

For

 

ESCORTS LIMITED – AGM on 15th March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

Against

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

    Dr. M. G. K. Menon

For

Against

4.

Re-appointment of Auditors

For

Against

6.

Alteration of Articles of Association of the company

For

For

7.

Re-appointment of Mr. Nikhil Nanda as Joint MD and fixing of his remuneration

For

 For*

List of Proposals Received from Shareholders

5.

Appointment of Mr. Hardeep Singh as a Director

For

For

 

BALRAMPUR CHINI MILLS LIMITED – EGM on 16th March

Res #

Resolution Title

Management

InGovern

1.

Payment of remuneration to Shri Vivek Saraogi, MD

For

Against

2.

Payment of remuneration to Smt. Meenakshi Saraogi, Joint MD

For

Against

3.

Payment of remuneration to Shri Kishor Shah, Director-cum-Chief Financial Officer

For

Against

4.

Re-appointment of Dr. Arvind Krishna Saxena as a Whole-time Director and fixing of remuneration

For

Against

5.

Approval to give Donations

For

Against

 

STATE BANK OF INDIA – EGM on 19th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to the Promoter (GoI)

For

 For

 

RAMCO INDUSTRIES LIMITED – EGM on 19th March

Res #

Resolution Title

Management

InGovern

1.

Re-appointment of M/s. Raja Charity Trust as the Sole Selling Agent

For

Against

 


OPTO CIRCUITS (INDIA) LIMITED – Postal Ballot on 19th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Authorized Share Capital

For

For

2.

Amendment in MoA

For

For

3.

Amendment in AoA

For

For

4.

Issue of Bonus Shares

For

For

 

OIL INDIA LIMITED – Postal Ballot on 19th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Authorized Share Capital

For

For

2.

Amendment in MoA

For

For

3.

Issue of Bonus Shares

For

For

 

GTL LIMITED – Postal Ballot on 19th March

Res #

Resolution Title

Management

InGovern

1.

Increase in Authorized Capital and Alteration to MoA

For

For

2.

Alteration to AoA

For

For

3.

Re-structuring of Debts

For

For

4.

Issue of Compulsorily Convertible Debentures on Preferential Basis

For

For

5.

Option to CDR Lenders for converting Loans into Equity Shares

For

For

6.

Increase in the Borrowings Limit

For

For

7.

Creation of Charges/Mortgages

For

For

 

GTL INFRASTRUCTURE LIMITED – Postal Ballot on 19th March

Res #

Resolution Title

Management

InGovern

1.

Re-structurisation of Debts

For

For

2.

Issue of Compulsorily Convertible Debentures on Preferential Basis

For

For

3.

Option to CDR Lenders for converting Loans into Equity Shares

For

For

 

C. MAHENDRA EXPORTS LIMITED – Postal Ballot on 20th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Borrowings Limit

For

Against

2.

Creation of Charges/ Mortgages

For

Against

 

PUNJAB NATIONAL BANK – EGM on 20th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

2.

Election of 3 Shareholder Directors

For

For*

 

KEMROCK INDUSTRIES AND EXPORTS LTD – EGM on 20th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Borrowings Limit

For

Against

2.

Creation of mortgages/charges

For

Against

3.

Appointment of Auditors to fill a casual vacancy

For

For

 

GUJARAT STATE PETRONET LIMITED – Postal Ballot on 20th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Borrowings Limit

For

For

2.

Creation of Charges/ Mortgages

For

For

3.

Increase in Limits of Inter-Corporate Investments

For

 For

 

UNION BANK OF INDIA – EGM on 20th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

INDIAN OVERSEAS BANK – EGM on 21st March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

THE ANDHRA PRADESH PAPER MILLS LTD – AGM on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

For*

2.

Appointment of Auditors

For

For*

10.

Re-designation of Mr. Paul Brown as Executive Chairman

For

For*

11.

Waiver of recovery of excess remuneration

For

For

List of Proposals Received from Shareholders

3.

Appointment of Mr. Thomas Gustave Kadien as Director

For

For*

4.

Appointment of Mr. Brett Allen Mosley as Director

For

For*

5.

Appointment of Mr. Shreeyash Banguras Director

For

For

6.

Appointment of Mr. M. S. Ramachandran as Director

For

For

7.

Appointment of Mrs. Ranjana Kumar as Director

For

For

8.

Appointment of Mr. Rampraveen Swaminathan as Managing Director

For

For*

9.

Appointment of Mr. Praveen P. Kadle as Director

For

For

 

DEVELOPMENT CREDIT BANK LIMITED – EGM on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares

For

For*

 

ALLCARGO LOGISTICS LIMITED – Postal Ballot on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Appointment of Mr. Armin Kalyaniwalla to an Office or Place of Profit

For

Against

2.

Re-appointment of Mr. Umesh Shetty to an Office or Place of Profit

For

For*

 

SYNDICATE BANK – EGM on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

SHASUN PHARMACEUTICALS LIMITED – EGM on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Approval to issue equity shares on preferential basis

For

For*

 

GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED – AGM on 22nd March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

For*

2.

Declaration of Dividend

For

For

3.

Re-appointment of Auditors

For

Against

4.

Re-appointment of Mr. Zubair Ahmed as Managing Director

For

For*

5.

Appointment of Mr. Jaiboy John Phillips as Whole-time Director

For

For*

6.

Approval for payment of ex-gratia to Mr. Praveen K. Gupta

For

For*

 

EICHER MOTORS LIMITED – AGM on 22nd March 

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

Against

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

    Mr. Priya Brat

For

 Against

4.

Appointment of Auditors and fixing their Remuneration

For

  Against

5.

Alternations of AoA

For

For

6.

Revision in remuneration payable to Mr. Siddharta Lal, Managing Director and Chief Executive Officer of the Company

For

 Against

 

ELECTROSTEEL CASTINGS LIMITED – Postal Ballot on 23rd March

Res #

Resolution Title

Management

InGovern

1.

Inter-corporate Investments

For

For

2.

Alteration in MoA for Commencement of New Business

For

Against

 

PFIZER LIMITED – Postal Ballot on 24th March

Res #

Resolution Title

Management

InGovern

1.

Approval to authorize the Board of Directors to sell, transfer or dispose off Animal Health Business Segment

For

For*

 

UCO BANK – EGM on 23rd March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

DENA BANK – EGM on 24th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC

For

For

 

BANK OF INDIA – EGM on 24th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to the Promoter (GoI) and LIC

For

For

 

ALLAHABAD BANK – EGM on 24th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to the Promoter (GoI) and LIC

For

For

 

PIRAMAL HEALTH LIMITED – Postal Ballot on 24th March

Res #

Resolution Title

Management

InGovern

1.

Appointment of Mr. Peter D. DeYoung, relative of Directors

For

For*

 

VIJAYA BANK – EGM on 26th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC

For

For

 

BANK OF MAHARASHTRA – EGM on 26th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to the Promoter (GoI) and LIC

For

For

 

JUBILANT FOODWORKS LIMITED – Postal Ballot on 26th March

Res #

Resolution Title

Management

InGovern

1.

Revision in Remuneration of Mr. Ajay Kaul, CEO cum Whole Time Director of the Company

For

For*

 

CENTRAL BANK OF INDIA – EGM on 27th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

AMBUJA CEMENTS LIMITED – AGM on 27th March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

For*

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

    Mr. Nasser Munjee

For

Against

4.

    Mr. Rajendra P. Chitale

For

Against

5.

    Mr. Shailesh Haribhakti

For

Against

6.

Re-appointment of Auditors

For

Against

8.

Approval for Alterations in the Articles of Association

For

 For

List of Proposals Received from Shareholders

7.

Appointment of Mr. Bernard Fontana as Director

For

For

 

UNITED BANK OF INDIA – EGM on 27th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

PUNJAB & SIND BANK – EGM on 27th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC & Govt. of India

For

For

 

BANK OF BARODA – EGM on 27th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC

For

For

LAKSHMI ENERGY AND FOODS LIMITED – AGM on 28th March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

 For*

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

    Maj. Gen. (Retd.) A. L. Suri

For

Against

4.

    Mr. Nirdosh Bali

For

Against

5.

    Mr. Harwant Singh

For

For

6.

Re-appointment of Auditors

For

 Against

 

ACC LIMITED – AGM on 28th March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

 For*

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

    Mr. Paul Hugentobler

For

 For*

4.

    Mr. M. L. Narula

For

      For

5.

    Mr. S. M. Palia

For

 Against

6.

Appointment of Auditors

For

 Against

List of Proposals Received from Shareholders

7.

Appointment of Mr. Bernard Fontana as Director

For

For

8.

Appointment of Mr. Ashwin Dani as Director

For

For

 

IDBI BANK LIMITED – EGM on 28th March

Res #

Resolution Title

Management

InGovern

1.

Issue and Preferential allotment of shares to LIC and the Promoter (GoI)

For

For

 

NESTLE INDIA LIMITED – AGM on 30th March

Res #

Resolution Title

Management

InGovern

1.

Adoption of Accounts

For

For*

2.

Declaration of Dividend

For

For

Re-appointment of Directors

3.

Mr. Michael W. O. Garrett

For

Against

4.

Mr. Ravinder Narain

For

Against

5.

Appointment of Auditors and fixing their Remuneration

For

Against

List of Proposals Received from Shareholders

   6.

Appointment of Mr. Ashok Kumar Mahindra as a Director

For

For*

 

VAKRANGEE SOFTWARES LIMITED – Postal Ballot on 30th March

Res #

Resolution Title

Management

InGovern

1.

Increase in the Authorized Share Capital

For

For

2.

Issue of Bonus Shares

For

For

3.

Sub-division of Shares

For

For

4.

Alteration in MoA

For

For

5.

Alteration in AoA

For

For

 

RELIANCE MEDIAWORKS LIMITED – Postal Ballot on 30th March

Res #

Resolution Title

Management

InGovern

1.

Re-classification of Authorized Share Capital

For

Against

2.

Alteration in AoA

For

Against

3.

Issue of Redeemable Non-Convertible Preference Shares

For

Against

 

TATA STEEL LIMITED – Postal Ballot on 30th March

Res #

Resolution Title

Management

InGovern

1.

Approval for increase in borrowing limit

For

   For

2.

Approval for creation of mortgages/ charges

For

   For*

 

ABG SHIPYARD LIMITED – Postal Ballot on 30th March

Res #

Resolution Title

Management

InGovern

1.

Approval for making Investment, loan or giving guarantee or provide Security in connection with a loan

For

For*