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Is it a coincidence that 3.77% of total capital has voted against or are we reading too much? Defeat of three RPTs by shareholders in recently concluded AGM of Tata Sponge Iron Ltd is an eye opener and requires regulator to have a relook at laws...
The Report analyses pledging of shares, by promoters and non-promoter’s shareholders of Indian listed companies, with an objective to draw meaningful conclusions from the available data and correlate the data to support the hypothesis that pledging might lead to Empty Voting.
| Name | Date | Type |
| Larsen & Toubro | 01-10-2018 | PB |
| Mangalam Organic | 29-09-2018 | AGM |
| Bombay Rayon | 28-09-2018 | AGM |
| Prataap Snacks | 28-09-2018 | AGM |
| NIIT Tech. | 28-09-2018 | AGM |
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We provide governance advisory services to investors at listed companies. To remove any conflict of interests, we do not have any pecuniary or advisory relationship with listed companies. We have internal controls for interactions with listed firms and maintain a clear audit trail.
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Tata Sponge
