Agms

GroupM Media India's Prasanth Kumar re-elected as president of AAAI

The decision was finalised at AAAI's annual general body meeting held in Mumbai

We are looking at a better year, says McLeod Russel CMD Aditya Khaitan

At the company's annual general meeting (AGM) on Monday, Khaitan gave an overview of operations and the future roadmap for the company

InGovern raises concern over AGM delay; Religare calls report manipulative

Proxy advisory firm InGovern has raised concern over Religare Enterprises postponing its 40th annual general meeting "without any valid reason" and has sought a Sebi probe into the matter, but the company termed the report manipulative. The regulator may examine the decision-making processes that led to the delay, as well as the company's actions regarding share allotments and Employee Stock Ownership Plans (ESOPs), the advisory firm said in a report. Responding to the report, Religare Enterprises chairperson Rashmi Saluja said, "The report is manipulative in nature and is a malicious attempt to hurt the credibility of the company and its leadership. We are compliant with all laws and regulations and continue to uphold the sanctity of the High Court of Delhi, and hence will not be able to speak on matters which are sub-judice." "Short selling is becoming a trend to undermine the growing potential of Indian companies under different reasons and we would like really to understand the

Proxy advisory firm InGovern raises concern over Religare AGM delay

Certain institutional investors have expressed their discontent, suggesting that it may be a strategy to avoid a vote on Saluja's reappointment, the report added

Exploring opportunities of growth in various cities across India: Abhay Soi

Max Healthcare is on an expansion spree planning to add 3500 beds in 3 yrs

GPIL's Samir Modi pushes for personal votes over trustee block at AGM

Samir says that his removal as director, despite having a tenure until September 2026, will require 51 per cent of the shareholders agreeing at the AGM

Reliance Industries to consider bonus issue of shares, a first in 7 years

The promoter did not share any details on any potential listing for the company's retail and telecom divisions, a key announcement that the street was hopeful for

Debt, cashflow from biz to fund Tata Power capex: N Chandrasekaran

Chandrasekaran said, the company has expanded into so many different areas now, each of these areas focusing on growth and cash flow generation

Investors ask TotalEnergies to split CEO, board chair roles ahead of AGM

The proposal was put forward by 19 international investors holding roughly 20 million TotalEnergies shares, together with Swiss pension fund investor group Ethos Foundation

Edtech company Byju's calls for AGM to approve audited FY22 financials

The company plans to discuss various topics including considering and adopting the audited standalone and consolidated financial statements of the firm for the financial year ended 31st March 2022

BCCI's 92nd Annual General Meeting to take place on September 25 in Goa

The 18-point agenda for BCCI's 92nd AGM includes the election & induction of 2 representatives of General Body in Governing Council of IPL and adoption of annual budget for FY 2023-24 among others.

Ahead of AGM, InGovern red-flags governance concerns at TD Power Systems

Promoters offload 24% equity amid shareholding dispute

India appears to be 'silver lining' amid global challenges: HUL Chairman

India appears to be the silver lining amid global headwinds and is poised to leapfrog into the future, but the country must address challenges like employment and agriculture productivity, said HUL Chairman Nitin Paranjpe. Addressing the AGM of the company on Monday, Paranjpe said India has been the fastest-growing economy in the last decade and is touted to become the world's third-largest economy by 2027, surpassing Japan and Germany. It is emerging steadily from the shadows of being a poor nation, and taking 'centre stage'. "The country's ambition of becoming a high-middle income country by 2047, when the nation celebrates 100 years of independence, is a definite possibility," Paranjpe said in his speech titled Transforming to Win in the New India. This would be led by factors like favourable demographics, rising consumption, enviable digital public infrastructure, investments and a culture of innovation and enterprise. According to HUL Chairman, a growing young population can

LIC Housing Finance Q4 result: PAT up 5% to Rs 1,180 cr, dividend declared

LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year

Dish TV shareholders reject adoption of FY21, FY22 balance sheets in AGM

Shareholders of Dish TV have again rejected the proposal for the adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM held on Thursday. Earlier, the shareholders of the Direct-to-Home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals in the 34th AGM conducted on September 26, 2022. Dish TV's largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel were engaged in a legal battle over board representation in the company. YBL, having over 24 per cent share, was pushing for reconstitution of the Dish TV board and removal of Goel along with some other persons. On Thursday, a majority of over 70 per cent shareholders of votes polled in the 35th AGM were against the two resolutions for the adoption of the financial statements. Resolution no 1, which was for the adoption of the financial statement for FY 2021-22 could get only 26.83

Dish TV appoints three independent directors; to convene AGM on December 29

Direct-to-Home operator Dish TV on Tuesday announced the appointment of three new independent directors to the board of the company, which is the first major appointment after the departure of its former promoter-backed chairman Jawahar Lal Goel. Besides, the company also announced the resignation of Rajeev Kumar Dalmia, its executive director, from the board with effect from the close of business hours on Tuesday, Dish TV said in a regulatory filing. However, it also added, Dalmia would "continue to act as Chief Financial Officer of the Company." According to Dish TV, Dalmia has tendered his resignation from the Company's Board of Directors and all other committees. Besides, the board of the company in its meeting on Tuesday also "approved the convening of the adjourned 34th Annual General Meeting" of the company on December 29, 2022. During the AGM, Dish TV would seek approval of shareholders for the appointments of three new independent directors - Sunil Kumar Gupta, Madan Moha

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

They were protesting against glitches in the MCA portal

Dish TV, 4 others settle non-disclosure of AGM voting results with Sebi

Direct-to-Home operator Dish TV India Ltd and four others have settled with markets regulator Sebi a case pertaining to alleged non-disclosure of voting results of the company's Annual General Meeting (AGM) held on December 30, 2021. Apart from Dish TV, its promoter Jawahar Lal Goel, group chief executive Anil Kumar Dua, compliance officer Ranjit Singh and Ashok Mathai Kurien, who was the director of the company, settled the case. These five entities have settled the case after collectively paying Rs 65.34 lakh towards settlement amount, the Securities and Exchange Board of India (Sebi) said in an order. This came after the entities proposed Sebi to settle the alleged violations of regulatory norms through a settlement order, "without admitting or denying the findings". Accordingly, Sebi, in its order passed on Monday, stated "the pending enforcement proceedings for the alleged defaults ...are settled qua the applicants." The regulator received complaints alleging that Dish TV, p

Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

BCCI AGM on Oct 18, general body to select India's representative to ICC

The BCCI has confirmed its AGM (Annual General Meeting) will be held on October 18. According to a notification sent by BCCI secretary Jay Shah, the AGM will be held in Mumbai. Women's IPL is one of the important items on the agenda circulated to the state associations on Thursday evening. Also on the agenda are election to the office-bearers: president, vice-president, secretary, joint secretary and treasurer. High on the agenda will also be election of India's representative at the International Cricket Council. The two candidates as of now are 77-year-old former BCCI strongman N Srinivasan and the 50-year-old current BCCI president Sourav Ganguly. There are 29 points on the agenda. There will be election of two representatives (one male and one female) in Apex Council from Indian Cricketers' Association (ICA). Two members from the general body will also be inducted into the Governing Council of IPL. There will be appointment of all the standing committees and cricket committ