Page 3 - Agms

Virtual AGMs see lower shareholder representation amid Covid-19 pandemic

TCS and M&M were outliers, recording a two-fold rise in representation

Lakshmi Vilas Bank shareholders vote against reappointment of top brass

RBI approved a Committee of Directors, composed of three independent directors, who would run the day-to-day affairs of the lender

Can't be held online, BCCI indefinitely postpones its AGM due to Covid-19

The BCCI has indefinitely postponed its Annual General Meeting, supposed to be held by September 30, due to the Covid-19 pandemic as the meeting cannot be held online

Tata Sons to outline group's digital strategy at AGM on Thursday

The e-AGM comes at a time when the group is facing significant challenges in each of its businesses, barring its software exporter firm, Tata Consultancy Services

Harsh Lodha reappointed director in Birla Corp despite panel's rejection

Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha

APL panel decides against Harsh Lodha re-appointment in MP Birla firms

No payment of profit linked to director's remuneration by all four listed companies to be made to him at AGMs for FY20

Corp affairs ministry allows companies to extend AGMs for up to 3 months

The firms will have to file an application to get an extension

Infosys AGM: Nikelani allays fears, says firm well-positioned amid Covid-19

He said the Board of Directors has recommended a final dividend of Rs 9.5 per share for fiscal 2020 while the overall revenue grew 9.8 per cent in constant currency terms

Reliance Industries to hold virtual annual general meeting on July 15

On Monday, the RIL also fixed July 3 the 'Record Date' for the purpose of determining the members eligible to receive dividend for 2019-20.

Shareholders unhappy with virtual AGM concept, but little choice available

The Ministry of Corporate Affairs (MCA) had clarified earlier this month that it would be allowing the meetings to be conducted online because of Covid-19

Cloud over online AGM for banks as they don't fall under Companies Act

MCA notification doesn't include banks as they are governed by separate Act; sources say separate guidelines may have to be issued for them

Coronavirus outbreak: Nokia cancels AGM 2020, convenes a new meeting later

Nokia said it would convene the annual general meeting as soon as it is practical to do so and called for measures to allow fully virtual general meetings

Prashant Jhawar resigns as non-executive director of Usha Martin

Alleges several illegalities and non-compliance of the provisions of law by the directors and management in running the company

McLeod Russel seeks shareholders' nod on chairman's pay, recovery waiver

The move comes at a time when the company is facing severe financial stress and is approaching the banks for loan restructuring

Brokerages approve RIL's growth plan, expect 30% gain in stock

The key trigger for the stock is RIL's aim to be debt-free by March 2021

It's raining AGMs as September draws to a close

Over the next 10 days, shareholders would be flooded with hundreds of annual general meetings (AGMs) with thousands of resolutions that determine the form and functions of the companies over the next year coming up for approval.Between September 21 and September 30, a whopping 697 companies are proposing to hold their AGMs. That would be 45 per cent of all listed companies on the National Stock Exchange (NSE).Companies get six months from the close of the financial year to get their audited accounts approved by the shareholders. As most companies operate with the financial year ending March 31, September 30 is the big deadline for top management and compliance executives.According to data from Prime Database, as many as 206 AGMs are scheduled to be held on September 30 alone. One hundred and twenty-six will be held a day before the deadline and 83 on September 28. "This continues to be a disturbing phenomenon as studies have shown that companies which delay their AGMs also perform poor