DOCSLIB.ORG

For the Quarter Ended of September 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
For the Quarter Ended of September 2016 QUANTUM MUTUAL FUND Disclosure of voting cast by Mutual Funds for the Financial year 2016-17 Details of Votes cast during the period of July 2016 to Sept 2016, for the Financial year 2016-17 Quarter Meeting Date Company Name Type of Proposal by Proposal's description Investee company’s Vote (For/ Reason supporting the vote decision meetings Management or Management Against/ (AGM/EGM/ Shareholder Recommendation Abstain*) CCM/PBL)# Jul-Sep 16 1-Jul-16 IndusInd Bank AGM Management Adoption of standalone and consolidated financial statements for the year In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Limited ended 31 March 2016 actively researched and managed. Declare dividend of Rs. 4.5 per equity share (face value of Rs. 10.0 each) In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not actively researched and managed. Reappoint R. Seshasayee as Director liable to retire by rotation In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not actively researched and managed. Reappoint Price Waterhouse Chartered Accountants LLP as statutory auditors In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not for one year actively researched and managed. Appoint Shanker Annaswamy as Independent Director for a term of four years In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not with effect from 12 January 2016 actively researched and managed. Appoint Dr. T. T. Ram Mohan as Independent Director for a term of four years In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not with effect from 12 May 2016 actively researched and managed. To pay profit linked commission up to Rs. 1.0 mn per annum to each Non- In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Executive Director (other than the Part-time Non-Executive Chairman) actively researched and managed. Revision in remuneration payable to R. Seshasayee (Part-time Non-Executive In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Chairman) from 1 April 2016 actively researched and managed. Issue long term debentures/bonds aggregating Rs. 50.0 bn on private In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not placement basis actively researched and managed. Jul-Sep 16 5-Jul-16 Bharat Petroleum PBL Management Issue of bonus shares in the ratio of 1 bonus share for every 1 share held In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Corporation Limited actively researched and managed. Jul-Sep 16 6-Jul-16 The Indian Hotels PBL Management Approve divestment of IHMS (Boston) LLC, owned by United Overseas Holding In Favour of the Proposal. For We approve the transaction because it is in line with the Company Limited Inc (indirect wholly owned subsidiary) for atleast $125mn company's shift to become more asset-light. This divestment is being done at reasonable market comps and the company will also retain management of the property as a management contract. The proceeds from sale are expected to go towards paying down the debt Jul-Sep 16 11-Jul-16 ICICI Bank Limited AGM Management Adoption of Accounts for the year ended 31 March 2016 together with the In Favour of the Proposal. For Account are audited by reputed firm and there are no Reports of the Directors and the Auditors averse observation To declare dividend on preference shares In Favour of the Proposal. For Dividend is Rs. 35,000 on Rs. 3.5 bn. Preference capital. Payment is in line with past payment To declare dividend of Rs. 5 per share on equity shares of face value Rs. 2 In Favour of the Proposal. For Dividend Payment is 32.8% it helps investor to earn on capital deployed in the stock To reappoint Rajiv Sabharwal as director In Favour of the Proposal. For Appointment is in line with statutory requirements To reappoint N.S. Kannan as director In Favour of the Proposal. For Reappointment is in line with statutory requirements To ratify the appointment of BSR & Co. LLP as statutory auditors of the bank In Favour of the Proposal. For Auditor was appointed in 2014 for 4 years. Is in line with statutory requirements To appoint branch auditors In Favour of the Proposal. For Bank has presence in 17 countries and requires auditors there To appoint Vijay Chandok as director In Favour of the Proposal. For Director looks after international business of the bank To appoint Vijay Chandok as Whole Time Director for period of five years In Favour of the Proposal. For Remuneration is in line with pears of other comparable effective banks from the date of RBI approval and fix the terms of remuneration To pay profit linked commission up to Rs. 1.0 mn per annum to each Non- In Favour of the Proposal. For Bank wants to pay profit based commission to non Executive executive directors upto max Rs 1 Mn/ Person Director (other than the Chairman and GoI nominee) Jul-Sep 16 11-Jul-16 ICICI Bank Limited AGM Management QUANTUM MUTUAL FUND Disclosure of voting cast by Mutual Funds for the Financial year 2016-17 Details of Votes cast during the period of July 2016 to Sept 2016, for the Financial year 2016-17 Quarter Meeting Date Company Name Type of Proposal by Proposal's description Investee company’s Vote (For/ Reason supporting the vote decision meetings Management or Management Against/ (AGM/EGM/ Shareholder Recommendation Abstain*) CCM/PBL)# Jul-Sep 16 1-Jul-16 IndusInd Bank AGM Management Issuance of bonds and non-convertible debentures up to Rs. 250 billion on In Favour of the Proposal. For Issuance of debt securities of on private placement is Limited private within overall borrowing limits placement basis Jul-Sep 16 14-Jul-16 ACC Limited PBL Management Revise the terms of remuneration of Harish Badami, as CEO and Managing In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Director actively researched and managed. Jul-Sep 16 18-Jul-16 Wipro Limited AGM Management Adoption of standalone and consolidated financial statements for the year In Favour of the Proposal. For The Financial statements present true & fair view of the ended 31 March 2016 company’s financial status Ratify interim dividend of Rs. 5 per share and declare final dividend of Rs. 1 In Favour of the Proposal. For The dividend payout ratio has reduced from 43% in FY15 per share (FV Rs.5) to 22% this year. However the company has also announced a buyback. If the buyback is considered the payout ratio is 53% Reappoint Rishad Premji as Director liable to retire by rotation In Favour of the Proposal. For Rishad Premji is the son of Promoter Azim Premji. He is the Chief Strategy Officer of the Company. His reappointment is in line with the statutory requirements Reappoint BSR & Co LLP as auditor for FY17 In Favour of the Proposal. For The audit partner has had a tenure of only one year Appoint Dr. Patrick J Ennis (DIN 07463299) as Independent Director for five In Favour of the Proposal. For Dr. Patrick J Ennis is Head, Invention Development Fund years till 31 March 2021 – Intellectual Ventures. He was appointed on Wipro’s board for on 01 April 2016. He has a PhD and M.S. in Physics from Yale , an M.B.A from Wharton and a B.S in Math and Physics from the College of William & Mary . His Appointment is in line with all the statutory requirements Appoint Patrick Dupuis (DIN 07480046) as Independent Director for five years In Favour of the Proposal. For Patrick Dupuis is Senior Vice President for Simplicity, till 31 March 2021 Quality and Productivity at PayPal Holdings, lnc. He was appointed on Wipro’s Board for on 01 April 2016. He has graduated from the Ecole de Management de Lyon in France . His appointment is in line with all the statutory requirements. Reappoint N Vaghul (DIN 00002014) as Independent Director for three years In Favour of the Proposal. For Mr Vaghul’s re appointment is in line with all the till 31 July 2019 statutory requirements Reappoint Dr. Ashok S Ganguly (DIN 00010812) as Independent Director for In Favour of the Proposal. For Mr Ganguly’s re appointment is in line with all the three years till 31 July 2019 statutory requirements Reappoint M K Sharma (DIN 00327684) as Independent Director for five years In Favour of the Proposal. For Mr Sharma’s re appointments is in line with all the till 30 June 2021 statutory requirements Reappoint T.K Kurien (DIN 03009368) as an Executive Director till 31 March In Favour of the Proposal. For Mr. Kurien’s re appointment is in line with all the 2017 and to fix his remuneration statutory requirements Appoint Abidali Neemuchwala (DIN 02478060) as CEO and Executive Director In Favour of the Proposal. For Mr. Neemuchwala has been appointed as the CEO of the till 31 January 2021 and to fix his remuneration company. His appointment is in line with all the statutory requirements Approve remuneration terms of Rishad Azim Premji, as Whole Time Director In Favour of the Proposal. For We believe Rishad Premji’s Proposed remuneration will and Chief Strategy Officer be commensurate with the size and complexity of the business , and comparable to his industry peers Jul-Sep 16 19-Jul-16 Exide Industries Ltd AGM Management Adoption of standalone and consolidated financial statements for the year In Favour of the Proposal.
Load more

Recommended publications
  • 2016 Award Recipients Book (Pdf)
    ALUMNI ACHIEVEMENT AWARDS The mission of Harvard Business School is to educate leaders who make a difference in the world. Every day more than 80,000 HBS graduates strive to make these words a reality in a wide array of organizations that affect the lives of millions of people around the globe. Since 1968, the School has selected a number of outstanding men and women to receive its most important honor, the Alumni Achievement Award. Throughout their ca- reers, these distinguished graduates have contributed significantly to their companies and communities while upholding the highest standards and values in everything they do. As such, they represent the best in our alumni body. Exemplary role models, they inspire all those who aspire to have an impact on both business and society. Mary Callahan Erdoes MBA 1993 Chief Executive Officer J.P. Morgan Asset Management It’s hard to talk with or about Mary Callahan Erdoes for more than five minutes without the notion of EQ and IQ coming up. Erdoes is someone who has both emotional and intellectual intelligence—in spades. The combination of compassion and analytical skills serves her well as she blazes a trail in the upper echelons of the banking world. TIMELINE 1967 Born, Menlo Park, California 1989 Earns BS, Mathematics, Georgetown University 1989 Joins Bankers Trust, Analyst 1993 Earns MBA 1993 Joins Meredith, Martin & Kaye, Portfolio Manager 1996 Joins J.P. Morgan Global Investment Management, Portfolio Manager 2005 Named CEO, J.P. Morgan Private Bank 2005 Joins Board of Directors, U.S. Fund for UNICEF 2009 Named CEO, J.P.
    [Show full text]
  • Quarter Meeting Date Company Name Type Of
    QUANTUM MUTUAL FUND Disclosure of voting cast by Mutual Funds for the Financial year 2016-17 Details of Votes cast during the period from April 2016 to March 2017, for the Financial year 2016-17 Quarter Meeting Date Company Name Type of Proposal by Proposal's description Investee company’s Vote (For/ Reason supporting the vote decision meetings Management or Management Against/ (AGM/EGM/ Shareholder Recommendation Abstain*) CCM/PBL/N CLT-CM)# Apr-June 16 1-Apr-16 Dr. Reddy’s PBL Management Buyback equity shares for up to Rs.15.7 bn at a price not exceeding In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Laboratories Limited Rs.3500.00 per equity share (face value Rs.5.0 each) via the open market actively researched and managed. route Apr-June 16 2-Apr-16 Bosch Limited PBL Management Approve revision in remuneration of Soumitra Bhattacharya as Joint Managing In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not Director actively researched and managed. Approve sale of the India Starter Motors and Generators division to a In Favour of the Proposal. Abstain The Scrip is part of the Index Scheme and hence not subsidiary of Robert Bosch Starter Motors Generators Holding GmbH actively researched and managed. Apr-June 16 13-Apr-16 ACC Limited AGM Management a. Adoption of standalone financial statements for the year ended 31 In Favour of the Proposal. For Companies operating performance has been weak but it December 2015; b.
    [Show full text]
  • A Philanthropic Fix to Education? a Case Study of a Corporate Foundation in India
    A philanthropic fix to education? A case study of a corporate foundation in India Lianna Baur March 2016 Thesis submitted to the Faculty of Graduate and Postdoctoral Studies in partial fulfillment of the requirements for a Master of Arts in Globalization and International Development School of International Development and Global Studies Faculty of Social Sciences University of Ottawa © Lianna Baur, Ottawa, Canada, 2016 Baur, Lianna ii Abstract The involvement of private philanthropic actors in education in developing countries has grown significantly in recent years. While it is the subject of much conceptual discussion, there are few in-depth studies examining the actions and influence of these actors. This MA thesis responds to that gap by conducting a case study of one elementary education program (the Satya Bharti School program) in Rajasthan, India run by the Bharti Foundation, a major Indian corporate foundation and philanthropic arm of Indian telecommunications conglomerate, Bharti Group. The study examined the Foundation’s objectives, and how it mediated and influenced regulatory frameworks for elementary education to achieve these objectives, using the embedded sub-case of the Satya Bharti School program in Rajasthan. It found that the Bharti Foundation aimed to operate as an “institutional entrepreneur” (DiMaggio, 1988) by positioning itself as a “quality expert” in education, and promoting its particular conceptualization of quality education—captured in the Satya Bharti School program—as a template of change for elementary education in India. Battilana et al.’s (2009) model of institutional entrepreneurship was used to determine how the Foundation pursued this objective. This model draws on new institutional theory, specifically the literature on embedded agency and institutional change, to explain the institutional conditions and actions organizations can take to initiate divergent changes in the institutional framework of a field.
    [Show full text]
  • Download Sunil B. Mittal Profile (Pdf)
    Sunil B. Mittal OPM 27, 1999 Founder and Chairman Bharti Enterprises With a magnetic smile, an exemplary work ethic, and an ability to inspire others to rally around his vision, Sunil Mittal easily could have followed in his father’s footsteps and earned a name for him- self as a politician. Instead, he chose to focus his talents on changing the world as an entrepreneur. From top: Children at one of the schools run by the Bharti Foundation; Mittal in his office; Bharti’s New Delhi headquarters. TIMELINE 1957 Born, Ludhiana, Punjab, India 1976 Earns BA, Economics and Political Science, Panjab University 1976 Founds Bharti Enterprises 1982 Becomes largest importer of generators in India 1985 Launches Bharti Telecom 1992 Launches Bharti Cellular 1999 Completes OPM Program 2002 Bharti Airtel lists on Indian bourses through IPO 2004 Airtel becomes India’s largest mobile operator 2006 Launches Satya Bharti School Program to educate India’s rural underprivileged children 2010 Acquires mobile operations of Zain in 15 African countries 2012 Launches India’s first 4G service 2013 Elected Vice Chair, International Chamber of Commerce 2014 Bharti’s Airtel launches 4G in Africa “Phones were not allowed to “There is an old maxim: First they ignore you, then they laugh at you, then they fight you, then they lose,” says be imported, but electronic Mittal. While others ignored him, Mittal installed fiber-optic parts were permitted. So we cables throughout India. By the time anyone noticed, it was too late. Bharti’s flagship Airtel is now the third-largest bought phones in Taiwan, telecommunications company in the world.
    [Show full text]
  • Quantum Mutual Fund Profit with Process
    Quantum Mutual Fund Profit with Process The Quantum Leap - A winning combination of Transparency and Competence: The Quantum Long Term Equity Fund (QLTEF) is now more than a decade old. We have proven what we set out to prove: a disciplined, team-driven, long term, value approach to investing – coupled with a focus on low costs and doing what is best for our investors – is a sensible way for investors to participate in the long term benefits of a growing Indian economy. Quantum Long Term Equity Fund 500 Quantum Long Term Equity Fund-Direct Plan-Growth Option 450 400 S & P BSE 30 Total Return Index 350 S&P BSE Sensex N A 300 V 250 200 150 (Base = 100, as on 13th March 2006) 100 50 13-Mar-06 31-Mar-17 Period Past performance may or may not be sustained in future. This graph should be reviewed in conjunction with detailed performance of the Scheme and disclaimer provided on page no. V. The Quantum Pledge All of us at Quantum Asset Management Company Pvt Ltd are committed to serving you with the highest standards of ethics and transparency. We pledge to persevere and achieve our vision of being India’s most respected mutual fund house and we will strive to ensure that every Indian citizen has the opportunity to be a sensible Quantum investor. Annual Report for the year ended March 31, 2017 Tel.: 91-22-614 47 800 l Email : [email protected] l Website : www.QuantumMF.com CIN-U65990MH2005PTC156152 Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    [Show full text]
  • Information Memorandum Future Retail Limited
    INFORMATION MEMORANDUM FUTURE RETAIL LIMITED CIN: U51909MH2007PLC268269 (Formerly known as Bharti Retail Limited) Our Company was originally incorporated as Bharti Retail Private Limited on February 7, 2007 at NCT of Delhi. Further, the name of our Company was changed to Bharti Retail Limited vide the necessary resolution dated April 24, 2009 and a fresh certificate of incorporation was obtained on May 21, 2009. Pursuant to the Composite Scheme of Arrangement, the name was further changed to its present name viz, Future Retail Limited vide special resolution dated November 18, 2015 and fresh certificate of incorporation pursuant to change of name dated May 25, 2016 was obtained from the Registrar of Companies, Maharashtra at Mumbai (“RoC”) Registered Office: “Knowledge House”, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060. For further details on the change in the address of the registered office please see section titled “History of our Company and Certain Corporate Matters” on page 81. Corporate Office: Future Retail Home Office, 247 Park, “C” Tower, LBS Marg, Vikhroli (West), Mumbai 400 083 Tel: (91 22) 6119 0000; Fax: (91 22) 6199 5019; Website: www.futureretail.co.in Contact Person and Compliance Officer: Mr. Virendra Samani Email: [email protected] OUR PROMOTERS MR. KISHORE BIYANI, FUTURE CORPORATE RESOURCES LIMITED, PIL INDUSTRIES LIMITED, GARGI BUSINESS VENTURES PRIVATE LIMITED, RYKA COMMERCIAL VENTURES PRIVATE LIMITED AND MANZ RETAIL PRIVATE LIMITED INFORMATION MEMORANDUM FOR LISTING OF 47,13,38,557 EQUITY SHARES OF RS. 2 EACH NO EQUITY SHARES ARE PROPOSED TO BE SOLD/OFFERED PURSUANT TO THIS INFORMATION MEMORANDUM GENERAL RISKS Investment in equity and equity related securities involve a degree of risk and investors should not invest any funds in the Equity Shares of Future Retail Limited unless they can afford to take the risk of losing their investment.
    [Show full text]