Hinduja Global Solutions’ short-term loans to group companies raise concerns

Shriram Subramanian, founder and managing director, InGovern, a proxy advisory firm, said this could be a corporate governance issue due to the delayed disclosure. “It is not in the ordinary course of business because they have not disclosed it in a much more forthcoming manner. That appears to be a corporate governance issue,’ said Subramanian. The management’s responses to the questions on loans in the analysts call was not convincing, he added.