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["Details of Votes cast during the quarter ended June 30, 2015, of the Financial year ending March 31, 2016."]
["Meeting Date","Company Name","Type of meetings (AGM/EGM)","Proposal by Management or Shareholder","Proposal's description ","Investee company’s Management Recommendation","Vote (For/ Against/ Abstain)","Reason supporting the vote decision"]
["2015-04-02","GODREJ PROPERTIES LIMITED  ","PB","Management","To amend/substitute clause V(i) of part C of the Godrej Properties Ltd Employee Stock Grant Scheme 2011 (GPL ESGS).","For","For","We believe that ESOP schemes help in aligning the interests of employees with those of shareholders, and hence we support this resolution"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Re-appointment of Mr. B L Taparia as Director","For","For","We are comfortable with re-appointment of Mr. B L Taparia as Director"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Re-appointment of Mr. Ajay Kapur as Director","For","For","We are comfortable with re-appointment of Mr. Ajay Kapur as Director"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Appointment of M/s SRBC & Co LLP, Chartered Accountants as Auditors","For","For","We are comfortable with appointment of M/s SRBC & Co LLP, Chartered Accountants as Auditors"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Appointment of Ms Usha Sangwan as Director","For","For","We are comfortable with appointment of Ms Usha Sangwan as Director"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Payment of commission to Non-Executive Directors","For","For","Approved as part of routine business operations"]
["2015-04-08","AMBUJA CEMENTS LIMITED  ","AGM","Management","Ratification of remuneration to Cost Auditors M/s P M Nanabhoy & Co, Cost Accountants","For","For","Approved as part of routine business operations"]
["2015-04-09","STRIDES ARCOLAB LIMITED  ","PB","Management","Scheme of Amalgamation between Shasun Pharmaceuticals Ltd (Transferor Company) and Strides Arcolab Ltd (Transferee Company) and their respective shareholders and creditors","For","For","The merger of Strides with Shasun will result in a larger but more streamlined product portfolio and increased R&D strength. The combined entity will also benefit from a larger scale and operational cost savings. We believe that this merger is in the long term interest of shareholders of both companies."]
["2015-04-09","IDFC LIMITED  ","CRT","Management","Scheme of Arrangement among IDFC Ltd and IDFC Bank Ltd and their respective shareholders and creditors.","For","For","The proposed scheme of arrangement is to comply with RBI new banking guidelines. Hence, we support this resolution"]
["2015-04-10","BHARTI AIRTEL LIMITED  ","PB","Management","Implementation of the ESOP Scheme 2005 through ESOP Trust and related amendment in the ESOP Scheme 2005.","For","For","We believe that ESOP schemes help in aligning the interests of employees with those of shareholders, and hence we support this resolution"]
["2015-04-10","BHARTI AIRTEL LIMITED  ","PB","Management","Authorization to the ESOP Trust for secondary acquisition of shares and provision of money for acquisition of such shares.","For","For","We believe that ESOP schemes help in aligning the interests of employees with those of shareholders, and hence we support this resolution"]
["2015-04-10","STRIDES ARCOLAB LIMITED  ","CRT","Management","Scheme of Amalgamation between Shasun Pharmaceuticals Ltd (the transferor company) and the Applicant company (which is the transferee company) and their respective shareholders and creditors","For","For","The merger of Strides with Shasun will result in a larger but more streamlined product portfolio and increased R&D strength. The combined entity will also benefit from a larger scale and operational cost savings. We believe that this merger is in the long term interest of shareholders of both companies."]
["2015-04-14","TECHNO ELECTRIC AND ENGINEERING COMPANY LIMITED  ","PB","Management","Sale/Disposal of Wind Power Assets","For","For","Sale of wind power assets is positive as these are low ROE businesses, and should improve the return metrics of the parent entity"]
["2015-04-17","CRISIL LIMITED  ","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-04-17","CRISIL LIMITED  ","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-04-17","CRISIL LIMITED  ","AGM","Management","Re-appointment of Mr. Douglas L Peterson as Director","For","For","We are comfortable with re-appointment of Mr. Douglas L Peterson as Director"]
["2015-04-17","CRISIL LIMITED  ","AGM","Management","Appointment of M/s S R Batliboi & Co LLP, Chartered Accountants as Auditors","For","For","We are comfortable with appointment of M/s S R Batliboi & Co LLP, Chartered Accountants as Auditors"]
["2015-04-17","CRISIL LIMITED  ","AGM","Management","Appointment of Mr. Neeraj Sahai as Non-Executive Director, liable to retire by rotation","For","For","We are comfortable with appointment of Mr. Neeraj Sahai as Non-Executive Director, liable to retire by rotation"]
["2015-04-18","INDIAN TERRAIN  FASHIONS LIMITED","PB","Management","To approve Related Party Transactions with Celebrity Fashion Ltd","For","For","We are comfortable with the related party transactions with Celebrity Fashions Limited as it is required for the growth of the company"]
["2015-04-19","ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED","PB","Management","Composite Scheme of Arrangement between Adani Enterprises Ltd and Adani Ports and Special Economic Zone Ltd and Adani Power Ltd and Adani Transmission Ltd and Adani Mining Pvt Ltd and their respective shareholders and Creditors","For","For","Pursuant to the above, AEL will cease to be the holding company of APSEZ, APL, ATL and AMPL. This will simplify the corporate structure and enable shareholders of AEL to directly hold shares in the operating companies."]
["2015-04-20","ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED  ","CRT","Management","Composite Scheme of Arrangement between Adani Enterprises Ltd and Adani Ports and Special Economic Zone Ltd and Adani Power Ltd and Adani Transmission Ltd and Adani Mining Pvt Ltd and their respective shareholders and Creditors","For","For","Pursuant to the above, AEL will cease to be the holding company of APSEZ, APL, ATL and AMPL. This will simplify the corporate structure and enable shareholders of AEL to directly hold shares in the operating companies."]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Appointment of Ms Sulajja Firodia Motwani as Independent Director","For","Against","Appointment of Ms. Sulajja Motwani as Independent director \nMs. Sulajja Motwani was declared a willful defaulter (as per CIBIL) as on 31 December 2014, in connection to Athena Financial Services Ltd. (formerly known as Kinetic Finance Ltd.). This may impact the companies ability to raise money in the future. "]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Appointment of Mr. V K Viswanathan as Independent Director","For","For","We are comfortable with the appointment of Mr. V K Viswanathan as Independent Director"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Payment of remuneration to Cost Auditors M/s Dhananjay V Joshi & Associates, Cost Accountant","For","For","We are fine with the proposed remuneration for the Cost Auditors"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Enter into various related party transactions with KSB AG, Germany","For","For","As part of its normal course of business, KSB Pumps enters into commercial transactions on an ongoing basis with KSB AG (promoter company) for purchase and sale of goods/ rendering and availing of services related to business mainly for products, sales support, systems including IT, knowhow and Royalty. The proposed annual limits for the transactions are Rs. 2 bn to be carried out with KSB AG, Germany is at arm’s length and in the ordinary course of business."]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Re-appointment of Mr. N N Kampani as Director","For","For","We are comfortable with re-appointment of Mr. N N Kampani as Director"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Re-appointment of Mr. W Spiegel as Director","For","For","We are comfortable with re-appointment of Mr. W Spiegel as Director"]
["2015-04-22","KSB PUMPS LIMITED","AGM","Management","Re-appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors","For","For","We are comfortable with re-appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors"]
["2015-04-28","TATA CONSULTANCY SERVICES LIMITED  ","CRT","Management","Amalgamation between CMC Ltd and Tata Consultancy Services Ltd and their respective shareholders.","For","For","We see synergies in the proposed merger, and see the two businesses as being complementary to each other "]
["2015-04-30","TORRENT POWER LIMITED   ","CRT","Management","Scheme of Amalgamation of Torrent Energy Ltd (Transferor company - 1) and Torrent Cables Ltd (Transferor company - 2) with Torrent Power Ltd.","For","For","The proposed scheme of amalgamation will result in a more consolidated company structure."]
["2015-04-30","CANARA BANK","EGM","Management","Preferential allotment of 4,00,00,000 equity shares of the Bank to M/s Life Insurance Corporation of India (LIC)","For","For","Capital infusion for meeting capital adequacy requirements"]
["2015-04-30","SOMANY CERAMICS LIMITED","PB","Management","Issue of further Securities","For","For","Somany Ceramics Ltd (Somany) seeks to issue securities upto Rs.1.5 bn. The objective of the issuance is to meet its capital expenditure and working capital requirements, funding growth opportunities including investing in existing and proposed business ventures, reduction in debts and general corporate purposes.\n"]
["2015-04-30","SOMANY CERAMICS LIMITED","PB","Management","Increase the aggregate limit for investment by the Foreign Institutional Investors / Foreign Portfolio investors and Non Resident Indians in Equity Shares capital of the Company.","For","For","The resolution will enable FIIs to acquire shares of the company within the revised ceiling under the portfolio investment scheme of the Reserve Bank of India. The participation of FIIs in the capital normally enhances shareholders’ value."]
["2015-05-05","TORRENT POWER LIMITED","PB","Management","Scheme of Amalgamation of Torrent Energy Ltd (Transferor company - 1) and Torrent Cables Ltd (Transferor company - 2) with Torrent Power Ltd.","For","For","The proposed scheme of amalgamation will result in a more consolidated company structure."]
["2015-05-05","TORRENT POWER LIMITED","PB","Management","To approve the revision in terms of appointment of Shri Jinal Mehta, Whole-time Director","For","For","We are comfortable with the proposed terms of appointment of Mr. Jinal Mehta as Whole-time Director"]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Increase in the Authorized Share Capital.","For","For","The present authorize share capital of the company is Rs.245.0 mn consisting of 122.5 mn equity shares of Rs.2.0 each. The company proposes to increase the authorize share capital to Rs.502.5 mn to absorb the merger with ACE TC Rentals Pvt Ltd (an associate company)."]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Re-classification of the authorized share capital and amendment in the Memorandum of Association.","For","For","The company proposes to reclassify the authorized shares amounting to Rs.502.5 mn divided into 100 mn equity shares of Rs.2.0 each and 30.25 mn 8% Redeemable Cumulative Preference shares of Rs.10 each. The respective capital clause of the Memorandum of Association will be substituted by new clause, stating the above reclassification of authorized share capital."]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Ratification of Managerial remuneration of Mr. Vijay Agarwal Chairman & Managing Director.","For","For","The proposed remuneration is inline with the peers in the industry"]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Ratification of Managerial remuneration of Mrs. Mona Agarwal Whole-Time Director.","For","For","The proposed remuneration is inline with the peers in the industry"]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Transactions with related parties under section 188 of the Companies Act, 2013.","For","For","The transactions are operational in nature and the company has confirmed that these are at arms-length. Hence, we are comfortable with this resolution"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Appointment of M/s S R Batliboi & Associates LLP, Chartered Accountants as Auditors","For","For","We are comfortable with appointment of M/s S R Batliboi & Associates LLP, Chartered Accountants as Auditors"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Re - Appointment of Mr. Tarak Mehta as Director","For","For","We are comfortable with re-appointment of Mr. Tarak Mehta as Director"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Appointment of Mr. Nasser Munjee as Non-Executive Independent Director","For","For","We are comfortable with appointment of Mr. Nasser Munjee as Non-Executive Independent Director"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Appointment of Mr. Darius E Udwadia as Non-Executive Independent Director","For","For","We are comfortable with appointment of Mr. Darius E Udwadia as Non-Executive Independent Director"]
["2015-05-06","ABB INDIA  LIMITED","AGM","Management","Appointment of Mr. Renu Sud Karnad as Non-Executive Independent Director","For","For","We are comfortable with appointment of Mr. Renu Sud Karnad as Non-Executive Independent Director"]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Re-appointment of Mr. Vijay Agarwal Chairman & Managing Director for a period of 3 years","For","For","We are comfortable with re-appointment of Mr. Vijay Agarwal Chairman & Managing Director for a period of 3 years"]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Re-appointment of Mrs. Mona Agarwal Whole-Time Director for a period of 3 Years.","For","For","We are comfortable with Re-appointment of Mrs. Mona Agarwal Whole-Time Director for a period of 3 Years."]
["2015-05-06","ACTION CONSTRUCTION EQUIPMENT LIMITED","PB","Management","Re-appointment of Mr. Sorab Agarwal Executive Director for a period of 3 years.","For","For","We are comfortable with re-appointment of Mr. Sorab Agarwal Executive Director for a period of 3 years."]
["2015-05-09","HCL INFOSYSTEMS LIMITED","PB","Management","Alteration of the objects Clause and Liability Clause of the Memorandum of Association of the Company.","For","For","The provisions of the Companies Act, 2013 which have come into force with effect from 1 April 2014, require stating the Objects Clause and Liability Clause of MOA in a different manner. This resolution is required to make the necessary changes to the MoA."]
["2015-05-09","HCL INFOSYSTEMS LIMITED","PB","Management","Adoption of new set of Articles of Association.","For","For","The existing AoA are based on the Companies Act, 1956 and several regulations in the existing AoA contain references to specific sections of the Companies Act, 1956 and some regulations in the existing AoA are no longer in conformity with the Companies Act, 2013. This resolution is required to make the necessary changes to the AoA."]
["2015-05-09","HCL INFOSYSTEMS LIMITED","PB","Management","Change in borrowing limits","For","For","The company’s credit facilities have been rated IND A/Stable/IND A1+, which reflects adequate degree of safety regarding timely servicing of financial obligations. The increase in borrowing limits is an enabling resolution for future capital raise."]
["2015-05-09","HCL INFOSYSTEMS LIMITED","PB","Management","Creation of Charge / mortgage on properties of the Company in favor of banks / FI's etc.","For","For","The resolution enables the company to raise secured debt. Secured loans typically have easier repayment terms, less restrictive covenants and marginally lower interest rates."]
["2015-05-09","HCL INFOSYSTEMS LIMITED","PB","Management","Appointment of Mr. Premkumar Seshadri, Executive Vice-Chairman as Managing Director.","For","For","Premkumar Seshadri, 56 years old, has been associated with the HCL Group for around 30 years. His appointment is in line with all the statutory requirements."]
["2015-05-11","ASTRA MICROWAVE PRODUCTS LIMITED","PB","Management","Issue of Securities","For","For","It is an enabling resolution to raise additional capital to meet investments in Joint Venture companies. With the increase in FDI cap in defence from 26% to 49%, AMPL now has opportunity for further foreign funding\n"]
["2015-05-11","ASTRA MICROWAVE PRODUCTS LIMITED","PB","Management","Appointment of Sri Ganapathi Subramani Sabarinathan as an Independent Director.","For","For","Approved as part of routine business operations"]
["2015-05-13","GLENMARK PHARMACEUTICALS LIMITED","EGM","Management","Preferential issue and allotment of Equity shares","For","For","Fund raising good for debt reduction and will reduce leverage levels"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Re-appointment of Mr. Peter Weidner as Director","For","For","We are comfortable with re-appointment of Mr. Peter Weidner as Director"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Re-appointment of Mr. Ravi Kirpalani as Director","For","For","We are comfortable with re-appointment of Mr. Ravi Kirpalani as Director"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Appointment of M/s. SRBC & Co LLP as Statutory Auditors","For","For","We are comfortable with appointment of M/s. SRBC & Co LLP as Statutory Auditors"]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Payment of remuneration to the Directors (Other than Managing Director or Whole-time Director) not exceeding 1 % of net profit for 5 years effective 01.01.2015","For","For","Since 2011, the non-executive directors have been eligible to receive commission of upto 1% of the company’s net profits. However, their pay has remained significantly lower than this threshold and has remained fixed at Rs. 2.6 mn for the last three years."]
["2015-05-14","CASTROL INDIA LIMITED","AGM","Management","Payment of remuneration to Cost Auditors M/s Kishore Bhatia & Associates, Cost Accountant","For","For","Approved as part of routine business operations"]
["2015-05-15","POWER GRID CORPORATION OF INDIA LIMITED","PB","Management","To raise funds in INR or any other acceptable foreign currency as permitted by RBI upto Rs 13,000 Crore, from domestic / external sources through issue of secured / unsecured, non-convertible, non-cumulative, redeemable, taxable / tax-free bonds under private placement during the financial year 2015-16, in upto eight tranches / offers and each tranche / offer shall be upto Rs 2000 Crore of Bonds with / without Green Shoe Option.","For","For","PGCL had a debt of Rs. 880 bn, as against a networth of Rs. 344.6 bn as on 31 March 2014. Due to the backing of the Government, the company’s bank facilities are rated CRISIL AAA / Stable/ CRISIL A1+, which denotes highest degree of safety regarding timely servicing of financial obligations. PGCL has an approved overall borrowing limit of Rs 1300 bn. Of this Rs 160 bn is earmarked towards raising secured / unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free Bonds under private placement / Term Loans / Term loan in the form of Line of Credit / ECB / FCB / Multilateral funding / Suppliers credit in one or more tranches depending upon the requirement of funds during FY16. Of this the company proposes to raise Rs 130 bn through issue of Bonds on a private placement basis. We support this resolution."]
["2015-05-15","POWER GRID CORPORATION OF INDIA LIMITED","PB","Management","To provide any security(ies) / guarantees(s) in connection with loan(s) and / or any form of debt including ECBs and / or provide inter corporate loan(s) on cost to cost basis and back to back servicing, or a combination thereof, upto an amount of Rs 1,400 Crore to project SPVs acquired / to be acquired by POWERGRID under Tariff based competitive bidding viz, Vindhyachal Jabalpur Transmission Ltd, Gadarwara (A) Transco Ltd and Gadarwara (B) Transmission Ltd.","For","For","Based on the current regulatory guidelines issued by the Government, for each transmission project under the Tariff Based Competitive Bidding (TBCB) policy, the successful bidder has to acquire the special-purpose vehicle to execute the project on Build, Own, Operate and Maintain (“BOOM”) basis. Based on the new tariff policy, PGCL is implementing new projects through three 100% wholly owned / to be owned subsidiaries (Project SPVs). In order to ensure that the project SPVs are able to raise capital and get sufficient funding for their capex programs, PGCL seeks shareholder approval to enter into related party transactions and provide guarantees and/or inter-corporate loans of upto Rs. 14 bn to these three SPVs. Since all the recipient parties are wholly-owned subsidiaries of the company, on a consolidated basis there will be no impact on the financials of the company"]
["2015-05-15","POWER GRID CORPORATION OF INDIA LIMITED","PB","Management","To render all inputs and services as may be required on cost to cost basis to the projects SPVs acquired / to be acquired by POWERGRID under Tariff based competitive bidding viz, Vindhyachal Jabalpur Transmission Ltd, Gadarwara (A) Transco Ltd and Gadarwara (B) Transmission Ltd.","For","For","Since all the recipient parties are wholly-owned subsidiaries of the company, on a consolidated basis there will be no impact on the financials of the company, and we support this resolution"]
["2015-05-18","CADILA HEALTHCARE LIMITED","PB","Management","Issuance of Equity Shares including Convertible Bonds / Debentures through qualified Institutional Placement [QIP] and / or Depository Receipts or any other modes for an amount not exceeding Rs 10000 Crore","For","For","This is an enabling resolution to raise funds. The funds will be used for organic and inorganic growth, capital expenditure, long term working capital, refinancing the existing borrowings, and such other general corporate purposes. We therefore support this resolution."]
["2015-05-18","CADILA HEALTHCARE LIMITED","PB","Management","Borrow from Rs 1500 Crore to Rs 10000 Crore","For","For","This is an enabling resolution to raise funds. The funds will be used for organic and inorganic growth, capital expenditure, long term working capital, refinancing the existing borrowings, and such other general corporate purposes. We therefore support this resolution."]
["2015-05-18","CADILA HEALTHCARE LIMITED","PB","Management","Issuance of Unsecured / secured Redeemable Non-Convertible Debentures / Bonds on private placement basis","For","For","This is an enabling resolution to raise funds. The funds will be used for organic and inorganic growth, capital expenditure, long term working capital, refinancing the existing borrowings, and such other general corporate purposes. We therefore support this resolution."]
["2015-05-18","CADILA HEALTHCARE LIMITED","PB","Management","Creation of charge","For","For","The resolution enables the company to provide security for its borrowings. Secured loans typically have easier repayment terms, less restrictive covenants, and marginally lower interest rates."]
["2015-05-20","BAJAJ FINANCE LIMITED","EGM","Management","Appointment of Mr. Rajeev Jain as a Director liable to retire by rotation","For","For","We are comfortable with the proposed appointment of Mr. Rajeev Jain as a Director"]
["2015-05-20","BAJAJ FINANCE LIMITED","EGM","Management","Appointment of Mr. Rajeev Jain as Managing Director","For","For","We are comfortable with the proposed appointment of Mr. Rajeev Jain as Managing Director"]
["2015-05-20","BAJAJ FINANCE LIMITED","EGM","Management","Issue of securities for an aggregate amount upto 1400 crores through Qualified Institutions Placement in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 to Qualified Institutional Buyers.","For","For","This is an enabling resolution to raise additional capital to meet long term working capital requirements, capital expenditure and other general corporate purposes and to meet the capital adequacy norms laid down by the Reserve Bank of India. The company plans to raise these funds to meet its growth plans over the next 2-3 years."]
["2015-05-20","BAJAJ FINANCE LIMITED","EGM","Management","Preferential issue of warrants upto 9,25,000 warrants convertible into equivalent number of equity shares to Bajaj Finserv Ltd, the promoter, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.","For","For","Issuance of   Preferential Warrants to promoters will support future growth. We view additional equity infusion by promoters as a positive development."]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Allocation of the ceiling of 26% of the paid up equity share capital","For","For","The proposal is for allocating a limit of 26% of paid up equity capital for foreign investors. This will entail better participation by foreign investors"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Confirmation of appointment of Mr. James Tucker as Director","For","For","We are comfortable with the appointment of Mr. James Tucker as Director"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Confirmation of appointment of Mr. P S Ramesh as Director","For","For","We are comfortable with the appointment of Mr. P S Ramesh as Director"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Approval for appointment of Mr. P.S. Ramesh as Executive Director and Chief Operating\nOfficer – Hydraulics, India and payment of remuneration thereon","For","For","We are comfortable with the appointment of Mr. P.S. Ramesh as Executive Director and Chief Operating\nOfficer – Hydraulics, India. The proposed remuneration is inline with the peers in the industry"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Confirmation of appointment of Mr. Hanuman Kumar Sharma as Director of the Company","For","For","We are comfortable with the appointment of Mr. Hanuman Kumar Sharma as Director"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Appointment of Mr. Hanuman Kumar Sharma, as Executive Director and Chief Financial Officer and payment of remuneration","For","For","We are comfortable with the appointment of Mr. Hanuman Kumar Sharma as Executive Director and Chief Financial Officer. The proposed remuneration is inline with the peers in the industry"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Alteration of MOA","For","For","The proposal is for amendment of memorandum of association for allocating the ceiling of 26% of paid up equity capital for foreign investors. Hence, we support this resolution"]
["2015-05-25","DYNAMATIC TECHNOLOGIES LIMITED","PB","Management","Alteration of AOA","For","For","The proposal is for amendment of articles of association for allocating the ceiling of 26% of paid up equity capital for foreign investors. Hence, we support this resolution."]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Ratify the appointment of the Statutory Auditors","For","For","Approved as part of routine business operations"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Re-appointment of Mr. Nasser Munjee as Director","For","For","We are comfortable with the re-appointment of Mr. Nasser Munjee as Director"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Re-appointment of Mr. Nasser Munjee as Non-Executive Part-time Chairman","For","For","We are comfortable with the re-appointment of Mr. Nasser Munjee as Non-Executive Part-time Chairman"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Ratification of remuneration paid to Mr. Murali M Natrajan and Re-appointment of Mr. Murali M Natrajan as Managing Director & CEO","For","For","We are comfortable with the re-appointment of Mr. Murali M Natrajan as Managing Director & CEO. The proposed remuneration is inline with the peers in the industry"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Appointment of Mr. Shaffiq Dharamshi as a Director","For","For","We are comfortable with the re-appointment of Mr. Shaffiq Dharamshi as Director"]
["2015-06-01"," DCB BANK LIMITED","AGM","Management","Appointment of Ms Rupa Devi Singh as an Independent Director","For","For","We are comfortable with the re-appointment of Ms Rupa Devi Singh as Director"]
["2015-06-03","INFOSYS LIMITED","PB","Management","Alteration of Capital Clause of Memorandum of Association","For","For","The proposal to alter the Capital Clause of Memorandum of Association is required for issue of bonus shares. Hence, we support this resolution"]
["2015-06-03","INFOSYS LIMITED","PB","Management","Approval for the issue of Bonus Shares","For","For","Issuance of bonus shares is a positive development, and enhances the liquidity of the company’s securities in the market. We support this resolution"]
["2015-06-03","INFOSYS LIMITED","PB","Management","Transfer  business of Finacle to  Edgeverve Systems Ltd","For","For","Edgeverve Systems Limited (Edgeverve) is a wholly owned subsidiary of Infosys, which houses all the product platforms of Infosys. In order to provide greater thrust to this vertical, the company in its last AGM, had sought shareholder approval to hive off all its product units to Edgeverve. However, the Finacle business, which generates ~70% of the total product revenues, was not demerged. Infosys now proposes to hive-off the Finacle unit to Edgeverve. This should help the company cross-leverage on the synergies and offer a greater value proposition to its clients. We therefore support this resolution "]
["2015-06-03","INFOSYS LIMITED","PB","Management","Transfer business of Edge Services to  Edgeverve Systems Ltd","For","For","The Edge Services delivery unit specializes in customization, implementation and production support of the Edgeverve products. It is currently housed within Infosys. The proposed hive-off of this entity to Edgeverve will enable better integration and seamless delivery of services to clients, and hence we support this resolution."]
["2015-06-03","INFOSYS LIMITED","PB","Management","Increase in Authorized Share Capital","For","For","We are fine with all the proposal related to bonus issue and transfer of finacle business and edge services to edgeverve systems. These transfers will not having any material impact on interests of minority shareholders"]
["2015-06-06","INDUSIND BANK LIMITED","PB","Management","Alteration of AOA","For","For","IndusInd Bank had a capital adequacy ratio of 12.09% as on 31 March 2015, which is close to RBI’s minimum requirement of 11.5% (including the capital conservation buffer). The proposed capital raise is required to maintain capital adequacy and sustain future growth. The proposed Alteration of AOA is a requirement for the fund raise."]
["2015-06-06","INDUSIND BANK LIMITED","PB","Management","Augmentation of Share Capital","For","For","IndusInd Bank had a capital adequacy ratio of 12.09% as on 31 March 2015, which is close to RBI’s minimum requirement of 11.5% (including the capital conservation buffer). The proposed capital raise is required to maintain capital adequacy and sustain future growth."]
["2015-06-06","GRASIM INDUSTRIES LIMITED","PB","Management","Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd with Grasim Industries Ltd.","For","For","Court Convened Meeting - Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited. This amalgamation is in the long term interest of shareholders of both companies."]
["2015-06-06","INDUSIND BANK LIMITED","PB","Management","Increase in the Authorized Share Capital and Alteration of the Capital Clause of the MOA.","For","For","IndusInd Bank had a capital adequacy ratio of 12.09% as on 31 March 2015, which is close to RBI’s minimum requirement of 11.5% (including the capital conservation buffer). The proposed capital raise is required to maintain capital adequacy and sustain future growth."]
["2015-06-06","KAVERI SEED COMPANY LIMITED","PB","Management","Increase in Shareholding limit for foreign institutional investors upto an aggregate limit of 49% of the paid-up Equity Share capital of the company.","For","For","The company seeks shareholder approval to increase the ceiling limit of shareholding by FPIs from 24% to 49% of the paid up equity capital of the company by passing a special resolution. This is fine"]
["2015-06-08","ULTRATECH CEMENT LIMITED","CRT","Management","Scheme of Arrangement between Ultratech Cement Ltd and Jaiprakash Associates Ltd and their respective shareholders and creditors.","For","For","For Ultratech, it is a strategic move to expand the production and marketing base in the growing markets like Satna Cluster of Madhya Pradesh, which accounts for 10% of the country’s cement demand. As Ultratech does not have a significant presence in Madhya Pradesh, the proposed acquisition will help the company garner market share.\n\nThe two plants, located in Madhya Pradesh, together have a cement production capacity of 4.9 MTPA with power generation capacity of 180 MW. Following the acquisition of these two plants, Ultratech Cement’s total cement capacity will increase to 68.1 MTPA. Ultratech remains the largest cement producer in India.\n\nUltratech Cement is acquiring these assets on a slump sale basis for a total consideration of Rs 53.3 bn, which would be discharged by way of issue of its redeemable preference shares (Rs 1 mn) and debentures (Rs 45.4 bn) to Jaiprakash Associates. Additionally, Ultratech will take over the existing debt (Rs 6.3 bn) and net working capital (Rs 1.6 bn) relating to these assets."]
["2015-06-10","ASHOKA BUILDCON LIMITED","PB","Management","Approval of Related Party Transactions under section 188 of the Companies Act, 2013","For","For","The proposed transactions are in the ordinary course of business and at arm’s length."]
["2015-06-10","ASHOKA BUILDCON LIMITED","PB","Management","Appointment of Ms Sunanda Dandekar as an Independent Director","For","For","We are comfortable with Appointment of Ms Sunanda Dandekar as an Independent Director"]
["2015-06-10","ASHOKA BUILDCON LIMITED","PB","Management","Ratify the appointment of and remuneration to the Cost Auditor.","For","For","Approved as part of routine business operations"]
["2015-06-10","GRASIM INDUSTRIES LIMITED","CRT","Management","Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited and their respective shareholders and creditors","For","For","Court Convened Meeting - Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited. This amalgamation is in the long term interest of shareholders of both companies."]
["2015-06-11","CMC LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-06-11","CMC LIMITED","AGM","Management","Declaration of Dividend","For","For","Approved as part of routine business operations"]
["2015-06-11","CMC LIMITED","AGM","Management","Re-appointment of Mr. Seturaman Mahalingam as Director","For","For","We are comfortable with the appointment of Mr. Seturaman Mahalingam as Director"]
["2015-06-11","CMC LIMITED","AGM","Management","Appointment of  M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors","For","For","We are comfortable with the appointment of Appointment of  M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors"]
["2015-06-11","CMC LIMITED","AGM","Management","Appointment of Mr. Natarajan Chandrasekaran as Additional Director","For","For","We are comfortable with the appointment of Natarajan Chandrasekaran as Additional Director"]
["2015-06-11","CMC LIMITED","AGM","Management","Appointment of Ms Aarthi Subramanian as Additional Director","For","For","We are comfortable with the appointment of Ms Aarthi Subramanian as Additional Director"]
["2015-06-11","CRISIL LIMITED","PB","Management","Approval for the appointment of Ms Ashu Suyash as a Director of the Company, liable to retire by rotation and the terms and conditions of appointment of Ms Ashu Suyash as Managing Director & Chief Executive Officer","For","For","Following the earlier CEO, Ms. Roopa Kudva’s decision to resign, CRISIL has appointed Ms. Ashu Suyash as the company’s MD & CEO, with effect from 1 June 2015. Ms. Suyash has over 26 years of experience in the financial services industry, and last served as the CEO of L&T Investment Management Limited. We therefore support the resolution pertaining to her appointment as MD & CEO. On the question of remuneration, we think the proposed remuneration is commensurate with the size and complexity of the business. We therefore support this resolution as well."]
["2015-06-11","CRISIL LIMITED","PB","Management","Approval for the Buyback of equity shares","For","For","Approved as part of routine business operations"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as part of routine business operations"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Declaration of Dividend on Equity Shares","For","For","Approved as part of routine business operations"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Re-Appointment of the following Directors, retiring by rotation a) Shri Hital R.Meswani b) Shri P.M.S Prasad","For","For","We are comfortable with the proposed re-appointment of Shri Hital R.Meswani and Shri P.M.S Prasad"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Appointment of Auditors and fixing their remuneration","For","For","We are comfortable with the proposed appointment Chaturvedi & Shah, Deloitte Haskins & Sells LLP and Rajendra & Co., as statutory auditors of the company and the proposed remuneration"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Appointment of Shri Raminder Singh Gujral as an Independent Director","For","For","We are comfortable with the appointment of Shri Raminder Singh Gujral as an Independent Director"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Approval of continuation of employment of Shri Pawan Kumar Kapil as Whole-time Director designated as Executive Director","For","For","We are comfortable with the continuation of employment of Shri Pawan Kumar Kapil as Whole-time Director designated as Executive Director"]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Approval of the remuneration of the Cost Auditors","For","For","The appointment of cost auditors is in line with statutory requirements."]
["2015-06-12","RELIANCE INDUSTRIES LIMITED","AGM","Management","Approval of offer or invitation to subscribe to Non-Convertible Debentures on private placement.","For","For","We are comfortable with the special resolution seeking approval for debt raise, as it is an enabling resolution and the company's debt instruments carry high credit rating. The company plans to use the proceeds from the issuance to augment long term resources for financing, ongoing capex, and for general corporate purposes."]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Declaration of dividend","For","For","Infosys increased its target dividend payout ratio from 40% of consolidated profits to 50% of consolidated profits."]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Appointment of Mr U B Pravin Rao as Director","For","For","We are comfortable with the re-appointment of Mr. Pravin Rao as a whole time director. His appointment is in line with all the statutory requirements. "]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Appointment of B S R & Co. LLP as the auditors","For","For","We are comfortable with the appointment of BSR % Co. LLP as the auditors.  "]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Appointment of Mr Roopa Kudva as Independent Director","For","For","We are comfortable with the appointment of Ms. Rupa Kudva asher appointment is in line with all the statutory requirements. "]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Payment of commission to non-executive directors","For","For","Infosys’ non-executive directors are all Independent Directors. Commission paid to the Independent Directors aggregated Rs.76mn in FY15, which is well below the threshold of 1% of profits and is commensurate with the size and complexity of the business"]
["2015-06-22","INFOSYS LIMITED","AGM","Management","Purchase of the healthcare business from infosys public services Inc","For","For","The size of the transaction is small relative to the size of Infosys, and there are no implications on the consolidated performance of the company. The consideration for the purchase of the business is less than the prices of the services offered. "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Confirmation of Interim Dividend and declaration of Final Dividend","For","For","Total cash outgo on account of dividend and dividend distribution tax for FY15 is 40.4% higher than the dividend paid in FY14. We are comfortable with the proposed dividend payout"]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Re-appointment of Mr Rostow Ravanan as Director","For","For","Rostow Ravanan is the Executive Director of the company and we are comfortable with this resolution. "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Appointment of M/s Deloitte Haskins and Sells, Chartered Accountants as Auditors","For","For","Mindtree proposes to change its statutory auditors and appoint Deloitte Haskins & Sells. The company’s previous auditors were BSR & Co since FY11. Hence we are comfortable with this resolution. "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Alter the term of office of Prof Pankaj Chandra as an Independent Director","For","For","The terms of Prof. Pankaj Chandra’s directorship are being changed. Prof Pankaj Chandra was appointed as an Independent Director in March 2012 (under Companies Act 1956) for a period of five years, and he was liable to retire by rotation. Under the Companies Act 2013, Independent Directors are not liable for rotation: therefore, the company proposes to change the terms of Prof Pankaj Chandra‘s directorship to not make him liable to retire by rotation"]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Alter the term of office of Mr Ramesh Ramanathan as an Independent Director","For","For","The terms of Ramesh Ramanathan’s directorship are being changed. Ramesh Ramanathan was appointed as an Independent Director in May 2012 (under Companies Act 1956) for a period of five years, and he was liable to retire by rotation. Under the Companies Act 2013, Independent Directors are not liable for rotation: therefore, the company proposes to change the terms of Ramesh Ramanathan‘s directorship to not make him liable to retire by rotation."]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Alter the term of office of Mr Subroto Bagchi as Executive Chairman","For","For","Subroto Bagchi is the Executive Chairman of the company. He is the Co-founder of Mindtree and whole-time director of the company since inception of the company. In the AGM held in July 2012, he was appointed as Executive Chairman with effect from 1 April 2012 until the expiration of his employment contract."]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Re-appointment of Mr Rostow Ravanan as Executive Director","For","For","We are comfortable with the re-appointment of Mr. Ravanan as Executive Director.  "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Maintain the register of members at Mumbai","For","For","As per Section 88 of the Companies Act, 2013, the company has to maintain the register of members or debenture holders and to keep the register at the Registered Office of the company.Hence we are comfortable with this resolution. "]
["2015-06-22","MINDTREE LIMITED","AGM","Management","Amend the Mindtree Restricted Employee Stock Purchase plan 2012","For","For","Mindtree proposes to amend the Mindtree Restricted Employee Stock Purchase Plan (ESPS), 2012 to align it with the changes in regulations with respect to stock option scheme implemented by SEBI. The Securities and Exchange Board of India (SEBI) replaced SEBI (ESOP and ESPS) guidelines, 1999 with SEBI (Share Based Employee Benefits), 2014 with effect from 28 October 2014. As per Section 7(2) of the new regulation, companies are required to take approval from shareholders to vary the terms of ESOP or ESPS scheme of the company. The amendments are being carried out to be in line with SEBI (Share Based Employee Benefits) 2014 regulations."]
["2015-06-24","BANK OF BARODA ","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-24","BANK OF BARODA ","AGM","Management","Declaration of Dividend","For","For","The dividend payout ratio is 25.0% for FY15, in-line with pay-out observed in the previous two years. "]
["2015-06-26","ORIENTAL BANK OF COMMERCE","AGM","Management","Adoption of Accounts","For","For","Approved as a part of routine business operations"]
["2015-06-26","ORIENTAL BANK OF COMMERCE","AGM","Management","Declaration of Dividend","For","For","We are comfortable with the proposed dividend declaration. "]
["2015-06-26","ORIENTAL BANK OF COMMERCE","AGM","Management","Offer, issue and allot securities aggregating to an amount upto Rs 1500 Crore","For","For","The capital raise will be good for the future growth of the bank. "]
["2015-06-26","UNION BANK OF INDIA","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-26","UNION BANK OF INDIA","AGM","Management","Declaration of Dividend","For","For","We are comfortable with the proposed dividend declaration. "]
["2015-06-26","UNION BANK OF INDIA","AGM","Management","Raise Capital through FPO/Rights/QIP etc","For","For","The capital raise will be good for the future growth of the bank. "]
["2015-06-27","INDIAN BANK","AGM","Management","Adoption of Audited Financial Statements of the Bank for the year ended 31.3.2015.","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-27","INDIAN BANK","AGM","Management","Declaration of dividend on equity shares for the year 2014-15.","For","For","The dividend payout ratio is 25.1% for FY15, higher than the pay-out observed in the previous two years of 21% approximately."]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Declaration of Dividend","For","For","The dividend payout ratio in FY15 was 45.5%. The company did not pay dividend in FY14. This is a positive development and we are comfortable with this resolution. "]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Re-appointment of Mr F Sahami as Director","For","For","Re-appointment of Mr. F Sahami is in line with statutory requirements."]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Appointment of M/s M S Krishnaswami & Rajan and M/s Deloitte Haskins & Sells, LLP as Joint Auditors","For","For","We are comfortable with the appointment of M/s M S Krishnaswami & Rajan and M/s Deloitte Haskins & Sells, LLP as joint auditors.  "]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Appointment of Ms Manisha Girotra as Independent Director","For","For","Manisha Girotra is the CEO, Moelis India. Her appointment is in line with all the statutory requirements."]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Appointment of Mr Sudhindar Krishan Khanna as Independent Director","For","For","We are comfortable with this appointment as Mr. Sudhindar Khannas appointment is in line with all the statutory requirements"]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Further issue of Securities","For","For","The QIP will result in equity dilution of ~4.5% for existing shareholders. The additional funds will be used for capital expenditure, long-term working capital requirements which should benefit the company in the medium to long term. "]
["2015-06-29","ASHOK LEYLAND LIMITED","AGM","Management","Further issue of NCD(s) through private placement basis","For","For","The company’s borrowing limit is Rs.80.0 bn. As on 31 March 2015, the standalone current maturities of long term debt was Rs.7.6 bn and consolidated was Rs.20.2 bn. The funds raised will largely be used for refinancing and we are comfortable with this resolution. "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Declaration of Dividend","For","For","Federal Bank proposes to pay dividend of Rs. 2.20 per share. The dividend payout is 22.6%, in-line with payout observed in the last three years. "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Re-appointment of Mr Shyam Srinivasan as Director","For","For","The re-appointment of Mr. Srinivasan is in line with statutory requirements. "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Appointment of Joint Central Statutory Auditors to hold office & fix their remuneration","For","For","The reappointment of Deloitte Haskins & Sells and MP Chitale & Co. as joint central statutory auditors is in-line with the statutory requirements."]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Arrange for the audit of the Bank's branches for the accounting year 2015-16 & fix the remuneration of branch auditors","For","For","With a branch network of around 1247 branches, appointment of branch auditors is necessary and we are comfortable with this resolution. "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Grant of shares under Employee Stock Option Scheme to Mr Shyam Srinivasan, MD & CEO","For","For","Federal Bank has granted 641,375 stock options to Shyam Srinivasan: these will be granted over a four year period beginning 2014. We believe that ESOPs help in aligning the interest of employees with those of shareholders and hence we support this resolution. "]
["2015-06-29","THE FEDERAL BANK LIMITED","AGM","Management","Issue of Bonus Shares under GDS","For","For","Federal Bank proposes to issue bonus shares to each shareholder in the ratio of 1:1. The bonus issue is aimed at enhancing the liquidity of the company’s securities in the market, which will in turn increase the shareholder base of the company. "]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Declaration of dividend on preference shares","For","For","The declaration of dividend on preference shares is in-line with dividend paid in past. "]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Declaration of dividend on Equity shares","For","For","The dividend payout is 28.4%, in-line with payout observed in the last three years."]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Appointment of a director in place of Mr N S Kannan, who retires by rotation and, being eligible, offers himself for re-appointment","For","For","Mr. N S Kannan's re-appointment reappointment is in line with all statutory requirements."]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Appointment of a M/s B S R & Co LLP, Chartered Accountants as Statutory Auditors","For","For","BSR & Co. LLP were appointed as statutory auditor of the Bank for four years in the 2014 AGM, their appointment is in-line with the statutory requirements."]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Appointment of Branch Auditors","For","For","ICICI Bank has a presence in 17 countries and hence is is necessary to appoint branch auditors for overseas branches. "]
["2015-06-29","ICICI BANK LIMITED","AGM","Management","Borrow upto Rs 50,000 crore","For","For","The proposed borrowing is within the overall borrowing limit of the bank."]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Re-appointment of Dr Shankar Acharya as Director","For","For","Dr. Shankar Acharya's reappointment as a director is in line with all statutory requirements"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Declaration of Dividend","For","For","The dividend payout is 5.1%, which is in-line with payouts observed in the last three years."]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Appointment of M/s S R Batliboi & Co, LLP as Auditors","For","For","The appointment of SR Batliboi & Co. LLP is in-line with the statutory requirements."]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Appointment of Mr Mark Edwin Newman, as Director","For","For","Mark Edwin Newman is the CEO, Commercial Banking of ING in Asia. His appointment as director is in line with all statutory requirements"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Re-appointment of Dr Shankar Acharya as Chairman and approval of payment of remuneration","For","For","Dr. Shankar Acharya’s reappointment is in line with all statutory requirements."]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Borrow in excess of the paid up capital and free reserves but not exceeding Rs 50,000 Crore","For","For","The bank is required to maintain capital adequacy levels as required by RBI. The banks debt levels will be maintained at all times. "]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Increase in of Authorised Share Capital of the Bank to Rs 1500,00,00,000/-","For","For","The company proposes to increase its authorized share capital from Rs. 9.0 bn to Rs. 15.0 bn. This is a regulatory requirement aimed at facilitating the proposed 1:1 bonus issue"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Substitution of clause V of the MOA","For","For","Clause V in the Memorandum of Association, which reflects the present authorized share capital of Rs. 9.0 bn, is being amended to account for the new authorized share capital of Rs. 15 bn."]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Issue of bonus shares in the ratio of 1:1","For","For","The bonus issue is aimed at enhancing the liquidity of the company’s securities in the market, which will in turn increase the shareholder base of the company"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Alteration of AOA","For","For","With the Companies Act 2013 coming into force, several regulations of the existing Articles of Association (AoA) of the Company require alteration or deletion"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Adopt the ‘Kotak Mahindra Equity Option Scheme 2015’ and authorise the Board to create, issue, offer and allot equity\nshares, from time to time, to employees of the Bank","For","For","We believe that ESOPs help in aligning the interest of employees with those of shareholders and hence we support this resolution. "]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Adopt the ‘Kotak Mahindra Equity Option Scheme 2015’ and authorise the Board to create, issue, offer and allot equity\nshares, from time to time, to employees of the subsidiaries or associate companies of the Bank","For","For","We believe that ESOPs help in aligning the interest of employees with those of shareholders and hence we support this resolution. "]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Adopt the ‘Kotak Mahindra Stock Appreciation Rights Scheme 2015’ and authorise the Board to grant Stock Appreciation\nRights (SARs) to be paid as cash incentive in the form of Appreciation, to employees of the Bank","For","For","Kotak Mahindra Bank proposes to issue 9.1 mn SARs in aggregate (including options under resolution #15). This represents 1% of the equity capital as on 5 May 2015. Under the SARs scheme, employees receive the difference between the stock price and the grant price (in this case the face value) in cash – there is no equity issuance"]
["2015-06-29","KOTAK MAHINDRA BANK LIMITED","AGM","Management","Adopt the ‘Kotak Mahindra Stock Appreciation Rights Scheme 2015’ and authorise the Board to grant Stock Appreciation\nRights (SARs) to be paid as cash incentive in the form of Appreciation, to employees of the subsidiaries or associate\ncompanies of the Bank","For","For","Kotak Mahindra Bank proposes to issue 9.1 mn SARs in aggregate (including options under resolution #15). This represents 1% of the equity capital as on 5 May 2015. Under the SARs scheme, employees receive the difference between the stock price and the grant price (in this case the face value) in cash – there is no equity issuance"]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Confirmation of Interim Dividend and declaration of Final Dividend","For","For","The dividend payout ratio has improved marginally to 38.1% in FY15 from 36.1% in FY14."]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Re-appointment of Shri S S Khanolkar as Director","For","For","We are comfortable with the re-appointment of Shri S S Khanolkar as Director. "]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors","For","For","We are comfortable with the appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors"]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Appointment of Smt R V Haribhakti as Independent Director","For","For","We are comfortable with the appointment of Smt R V Haribhakti as Independent Director"]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Appointment of Shri A K Srivastava as Director liable to retire by rotation","For","For","We are comfortable with the appointment of Shri A K Srivastava as  Director. "]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Re-appointment of Shri S S Khanolkar as Managing Director for 5 years effective 1.1.2016","For","For","We are comfortable with the appointment of Mr. SS Khanolkar and the increase in his remuneration ( ~10% is as per industry standards) "]
["2015-06-29","NAVIN FLUORINE INTERNATIONAL LIMITED","AGM","Management","Payment of remuneration to Cost Auditors Shri I V Jagtiani, Cost Accountant","For","For","We are comfortable with the remuneration of auditors. "]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Adoption of Accounts","For","For","Adoption of accounts is a part of regular business operations and we are comfortable with this resolution.  "]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Declaration of Dividend","For","For","Essel Propack has proposed a final dividend of Rs.1.60 per share for the year ended 31 March 2015. Dividend payout ratio is 53.3 (42.2% in FY14)"]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Re-appointment of Dr Subhash Chandra as Director","For","For","Dr. Subhash Chandra is one among the founders of Essel Propack. We are comfortable with his re-appointment. "]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Re-appointment of M/s MGB & Co, LLP, Chartered Accountants as Auditors","For","For","We are comfortable with the Re-appointment of M/s MGB & Co, LLP, Chartered Accountants as Auditors"]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Appointment of Mr Atul Goel as Director","For","For","We are comfortable with the Appointment of Mr Atul Goel as Director"]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Payment of remuneration to Cost Auditors M/s R Nanabhoy & Co, Cost Accountant","For","For","We are comfortable with the Payment of remuneration to Cost Auditors M/s R Nanabhoy & Co, Cost Accountant"]
["2015-06-30","ESSEL PROPACK LIMITED","AGM","Management","Payment of commission to Non-Executive Independent Director in addition to sitting fees paid to them","For","For","We are comfortable with the Payment of commission to Non-Executive Independent Director in addition to sitting fees paid to them"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Adoption of Accounts","For","For","Approved as a part of routine business operations"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Confirmation of Interim Dividend on Equity Shares and declaration of Final Dividend on Equity Shares","For","For","Approved as a part of routine business operations"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Re-appointment of Mr Cyrus Mistry as Director","For","For","We are comfortable with the Re-appointment of Mr Cyrus Mistry as Director"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Appointment of Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors","For","For","We are comfortable with the Appointment of Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Re-appointment of Mr N Chandrasekaran as Chief Executive Officer & Managing Director","For","For","We are comfortable with the Re-appointment of Mr N Chandrasekaran as Chief Executive Officer & Managing Director"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Appointment of Ms Aarthi Subramanian as Additional Director","For","For","We are comfortable with the Appointment of Ms Aarthi Subramanian as Additional Director"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Appointment of Ms Aarthi Subramanian as Executive Director","For","For","We are comfortable with the Appointment of Ms Aarthi Subramanian as Executive Director"]
["2015-06-30","TATA CONSULTANCY SERVICES LIMITED","AGM","Management","Appointment of Branch Auditors","For","For","We are comfortable with the Appointment of Branch Auditors"]
["2015-06-30","NRB BEARINGS LIMITED","PB","Management","Issue of Unsecured Redeemable Non-Convertible Debentures on Pvt placement basis upto an amount of Rs 50 Crores","For","For","We are comfortable with the issue of NCDs on private placement basis. "]