Voting Outcomes 7-days, starting 27 September

For the 7-day period starting 27?September, 917?of the 924?resolutions proposed were approved, five?were defeated and the result of two?shareholder meeting is not available.?

The resolutions proposed by Nalwa Sons Invsts. Ltd, along with those from Royal Orchid Hotels Ltd, Gopal Snacks Ltd, and Lumax Auto Technologies Ltd, were?defeated.?Royal Orchid Hotels Ltd encountered total dissent from institutional investors, with a unanimous 100% voting against the resolution to reappoint Sunil Sikka (DIN: 00083032) as a Non-Executive Non-Independent Director, who is due to retire by rotation.?

Looking at the aggregate data, of the 924?resolutions, there were 89?resolutions on which >50% of the institutional investors voted AGAINST. In contrast, there were 624?resolutions on which >90% of the institutional investors voted FOR, with 384?of these resolutions receiving 100% of the institutional? votes in their favour.

Median institutional voting during the 7-days was at 68.90%. There are 73 resolutions for which detailed voting data is not available, but the outcome shows that these were approved.

Click here?to download select voting data.?

Listed entities file voting data with the stock exchanges within 2 working days from the conclusion of the meeting.?This data is filed under three categories of shareholders - promoters, institutional investors, and?others.

To help investors and corporate and market participants?keep track of institutional?voting, we are sending select voting outcomes?from?our cloud-based analytical tool IiAS Adrian.

You need a majority of those present and voting for the resolution to go through and in some instances, you need a majority of minority investors to approve. ‘Promoters’ and ‘others’ helped push through resolutions where more than 50% of the investors have voted against.

Click here to view IiAS’ voting guidelines.

To see how each of the three categories voted, to read IiAS’ recommendations, and to know how institutional investors voted and their voting rationale, subscribe to IiAS Adrian. For any questions or assistance, feel free to connect with us.