India Inc resolutions see greater shareholder scrutiny: PRIME Database

Number of resolutions floated by companies up 5% to 12,219 this year

A total of 12,219 resolutions were proposed to be passed in annual general meetings (AGMs), extraordinary general meetings (EGMs), postal ballots and court convened meetings of 1,616 NSE-listed companies between January 1 and December 22 this year, up from 11,583 resolutions in the same period last year, a rise of 5 per cent, data from Prime Database shows. This translates into an average of 5.32 resolutions per meeting and 7.56 resolutions per company.

Nearly 35 per cent, or 4,252 resolutions, were related to board changes followed by resolutions relating to the auditors (2,475).

The number of resolutions since January 2017 where more