Sebi issues format for board meeting voting results

The Securities and Exchange Board of India (Sebi) on Wednesday asked listed firms to make a disclosure, within 48 hours of a board meeting about the number of shareholders who attended such meeting and the mode of voting within the prescribed format.

The new norms will come into force with effect from December 1.

The markets regulator said companies would have to inform about the date of the annual general meeting and extraordinary general meeting, total number of shareholders on the record date, number of shareholders (promoter and public) who attended the meeting either in person or through proxy and those who attended it through video conferencing.

Also, agenda-wise disclosure need to be made, whether the resolution can be passed through ordinary or special voting and whether promoter entities are interested in the agenda, the Sebi said.

Under the format, the firms will also have to make disclosure about the number of votes cast in favour as well as against a particular agenda by promoters, public institution and public non-institution.