The AGM: Obituary of a unique Dalal Street tradition

These shareholder-led AGMs are a throwback to the pre-reforms era when the annual meetings served to engage and reassure shareholders and often hit them up for more capital

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AGMs, annual general meeting

Pradipta Bagchi

5 min read Last Updated : May 21 2020 | 10:51 PM IST

TCS announced its first ever virtual annual general meeting (AGM) on June 11. If successful, the online trend will sound the death knell of a unique Indian market event — the retail shareholder-dominated AGMs held in a large public venue with hundreds and even thousands congregating for an afternoon of shop talk from all over India to exercise their rights as shareholders.

These shareholder-led AGMs are a throwback to the pre-reforms era when the annual meetings served to engage and reassure shareholders and often hit them up for more capital. And despite liberalisation and the growth of mutual funds and

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Annual General Meetings IHCL TCS Mahindra Retail investors

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