REG - Federal Bank Ltd The - Result of AGM <Origin Href="QuoteRef">FED.NS</Origin> - Part 2
21/07/2017 11:45
- Part 2: For the preceding part double click ID:nRSU7660La
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
5 6,714
(d) Resolution 4:
Appointment of M/s B S R & Co. LLP, Chartered Accountants, Mumbai together with M/s M M Nissim & Co, Chartered Accountants,
Mumbai as Joint Central Statutory Auditors of the Bank and fixation of remuneration thereof:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
65 198,852 100%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(e) Resolution 5:
Appointment and fixation of remuneration of the branch auditors in consultation with the Central Statutory Auditors:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
63 193,242 100%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
5 6,714
(f) Resolution 6:
Re-appointment of Mr. Shyam Srinivasan (DIN-02274773) as the Managing Director & CEOof the Bank, for a further period of 3
years, with effect from 23rd September 2016:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
62 198,242 99.84%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
2 310 0.16%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
4 1,404
(g) Resolution 7:
Grant of options under Employee Stock Option Scheme (ESOS) for the year 2016 to Mr. Ganesh Sankaran, Executive Director of
the Bank @ Rs.72.45/- per option
i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
61 192,932 99.84%
ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
2 310 0.16%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
5 6,714
(h) Resolution 8:
Payment of remuneration of Rs. 1,25,000/- per month (Rs. 15,00,000/- per annum) to Mr. K M Chandrasekhar (DIN-06466854),
Chairman of the Bank:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
52 187,038 99.78%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
3 410 0.22%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
13 12,508
(i) Resolution 9:
Payment of compensation in the form of profit related commission not exceeding Rs. 1,000,000/- per annum to each of the
Non Executive/ Independent Directors of the Bank (other than Part Time Chairman), for each year effective from financial
year ended 31 March 2017:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
51 188,348 98.22%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
4 3,410 1.78%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
13 8,198
(j) Resolution 10:
Reappointment of Mr. K. M. Chandrasekhar (DIN- 06466854) as an Independent Director of the Bank, for a period of one (1)
year with effect from 17th July 2017 or till the date of his retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
62 198,423 99.99%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
1 16 0.01%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
6 1,517
(k) Resolution 11:
Reappointment of CA Nilesh S Vikamsey (DIN- 00031213) as an Independent Director of the Bank, for a period of three (3)
years with effect from 17th July 2017 or till the date of his retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
65 198,852 100%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(l) Resolution 12:
Reappointment of Mr. Dilip G. Sadarangani (DIN- 06610897) as an Independent Director of the Bank, for a period of three (3)
years with effect from 17th July 2017 or till the date of his retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
63 198,723 99.99%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
1 16 0.01%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
4 1,217
(m) Resolution 13:
Reappointment of Mr. Harish H. Engineer (DIN- 01843009) as an Independent Director of the Bank, for a period of two (2)
years with effect from 17th July 2017 or till the date of his retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
63 195,836 98.48%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
2 3,016 1.52%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(n) Resolution 14:
Reappointment of Ms. Grace Elizabeth Koshie (DIN- 06765216) as an Independent Director of the Bank, for a period of three
(3) years with effect from 17th July 2017 or till the date of her retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
62 195,723 98.48%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
2 3,016 1.52%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
4 1,217
(o) Resolution 15:
Reappointment of Ms. Shubhalakshmi Panse (DIN-02599310) as an Independent Director of the Bank, for a period of three (3)
years with effect from 17th July 2017 or till the date of her retirement whichever is earlier:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
64 198,836 99.99%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
1 16 0.01%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(p) Resolution 16:
a) To introduce and implement a scheme for grant of stock options (ESOS 2017) to employees and directors (including
Managing Director and CEO) of the Bank and to create, grant, offer and allot under the scheme, equity shares of face value
of Rs. 2/- each not exceeding aggregate of 5% of the paid up equity share capital of the Bank:
b) To cover the Employee Stock Option Scheme 2017 ["ESOS 2017"] to the person(s) who are in employment of the subsidiary
(ies) of the Bank:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
64 195,852 98.49%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
1 3,000 1.51%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(q) Resolution 17:
Amendment of Article 80 of Articles of Association of the Bank.
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
65 198,852 100%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
(r) Resolution 18:
Amendment of Article 80 of Articles of Association basis:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
62 195,499 98.37%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
2 3,240 1.63%
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
4 1,217
(s) Resolution 19:
To increase the borrowing limit of the Bank from Rs. 3000 Crore to Rs. 7000 Crore over and above the Paid up Capital and
Free Reserves of the Bank, pursuant to Section 180 (1)(c) of the Companies Act, 2013:
(i) Voted in favor of the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
65 198,852 100%
(ii) Voted against the resolution:
Number of members present and voting (in person or by proxy) Number of votes cast by them % of total number of valid votes cast
- - -
(iii) Invalid Votes
Total Number of members (in person or by proxy) whose votes were declared invalid Total Number of votes cast by them
3 1,104
5. A Compact Disc (CD) containing a list of equity shareholders who voted "FOR", "AGAINST" and those whose votes were
declared invalid for each resolution is enclosed.
6. The poll papers and all other relevant records were sealed and handed over to the Company Secretary authorized by the
Board for safe keeping.
7. All resolutions stand passed under the poll as Ordinary / Special resolutions with requisite majority as specified
under the Companies Act, 2013.
Thanking You
Yours faithfully
Kochi
14.07.2017
M/s. The Federal Bank
Limited
Disclosure under
Regulation 44(3) of the
Securities and Exchange
Board of India (Listing
Obligations and
Disclosure Requirement)
Regulations, 2015
Details of Voting Results
Date of the AGM/EGM 14.07.2017
Total number of 196631
shareholders on record
date
No. of shareholders
present in the meeting
either in person or
through proxy:
Promoters and Promoter
Group:
Public: 889
No. of Shareholders
attended the meeting
through Video
Conferencing
Promoters and Promoter Nil
Group:
Public: Nil
Agenda-wise disclosure
(to be disclosed
separately for each
agenda item)
As disclosed below.
Whether promoter/promoter
group are interested in
the agenda/ resolution:
Not Applicable
Mode of Voting includes
both remote e-Voting and
through ballot/polling
paper distributed at the
AGM venue.
Details of Agenda
Item 1: a) Adoption of
audited Financial
statements for the
financial year ended 31st
March 2017 together with
the Reports of Board of
Directors' and Auditor's
thereon.
b) Adoption of
consolidated financial
statements for the year
ended 31st March 2017
together with Report of
Auditors.
Resolution required: Ordinary
(Ordinary/ Special)
Whether promoter/ Not Applicable
promoter group are
interested in the
agenda/resolution?
Category Mode of Voting No. of shares held No. of votes polled % of Votes Polled on outstanding shares No. of Votes - in favour No. of Votes - against % of Votes in favour on votes polled % of Votes against on votes polled
(1) (2) (3)= (2)/(1) * 100 (4) (5) (6)= (4)/(2) *100 (7)= (5)/(2) *100
Promoter and Promoter E-Voting NA NA NA NA NA NA NA
Group
Poll NA NA NA NA NA NA NA
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total NA NA NA NA NA NA NA
Public- Institutions E-Voting 1944041607 98525981 5.0681004 98525981 0 100 0
Poll 1944041607 0 0 0 0 0 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 98525981 5.0681 98525981 0 100 0
Public- Non Institutions E-Voting 1944041607 1011920769 52.052423 1011920411 358 99.999965 0.00003538
Poll 1944041607 198752 0.0102236 198752 0 100 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 3888083214 1012119521 26.03132 1012119163 358 99.99996 0.0000354
Total 1944041607 1110645502 57.13075 1110645144 358 99.99997 0.00003223
Item 2: Declaration of
Dividend
Resolution required: Ordinary
(Ordinary/ Special)
Whether promoter/ Not Applicable
promoter group are
interested in the
agenda/resolution?
Category Mode of Voting No. of shares held No. of votes polled % of Votes Polled on outstanding shares No. of Votes - in favour No. of Votes - against % of Votes in favour on votes polled % of Votes against on votes polled
(1) (2) (3)= (2)/(1) * 100 (4) (5) (6)= (4)/(2) *100 (7)= (5)/(2) *100
Promoter and Promoter E-Voting NA NA NA NA NA NA NA
Group
Poll NA NA NA NA NA NA NA
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total NA NA NA NA NA NA NA
Public- Institutions E-Voting 1944041607 98525981 5.0681004 98525981 0 100 0
Poll 1944041607 0 0 0 0 0 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 98525981 5.0681 98525981 0 100 0
Public- Non Institutions E-Voting 1944041607 1014235933 52.171514 1014233850 2083 99.999795 0.00020538
Poll 1944041607 193247 0.0099405 193247 0 100 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 1014429180 52.18145 1014427097 2083 99.99979 0.0002053
Total 1944041607 1112955161 57.24955 1112953078 2083 99.99981 0.00018716
Item 3: Re-appointment of
Director Mr. Ashutosh
Khajuria (DIN: 05154975)
who retires by rotation.
Resolution required: Ordinary
(Ordinary/ Special)
Whether promoter/ Not Applicable
promoter group are
interested in the
agenda/resolution?
Category Mode of Voting No. of shares held No. of votes polled % of Votes Polled on outstanding shares No. of Votes - in favour No. of Votes - against % of Votes in favour on votes polled % of Votes against on votes polled
(1) (2) (3)= (2)/(1) * 100 (4) (5) (6)= (4)/(2) *100 (7)= (5)/(2) *100
Promoter and Promoter E-Voting NA NA NA NA NA NA NA
Group
Poll NA NA NA NA NA NA NA
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total NA NA NA NA NA NA NA
Public- Institutions E-Voting 1944041607 98525981 5.0681004 98525981 0 100 0
Poll 1944041607 0 0 0 0 0 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 98525981 5.0681 98525981 0 100 0
Public- Non Institutions E-Voting 1944041607 1014230139 52.171216 1014210150 19989 99.998029 0.001970854
Poll 1944041607 193242 0.0099402 193242 0 100 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 1014423381 52.18116 1014403392 19989 99.99803 0.001970479
Total 1944041607 1112949362 57.24926 1112929373 19989 99.9982 0.001796039
Item 4: Appointment of
M/s B S R & Co. LLP,
Chartered Accountants,
Mumbai together with M/s
M M Nissim & Co,
Chartered Accountants,
Mumbai as Joint Central
Statutory Auditors of
the Bank and fixation of
remuneration thereof
Resolution required: Ordinary
(Ordinary/ Special)
Whether promoter/ Not Applicable
promoter group are
interested in the
agenda/resolution?
Category Mode of Voting No. of shares held No. of votes polled % of Votes Polled on outstanding shares No. of Votes - in favour No. of Votes - against % of Votes in favour on votes polled % of Votes against on votes polled
(1) (2) (3)= (2)/(1) * 100 (4) (5) (6)= (4)/(2) *100 (7)= (5)/(2) *100
Promoter and Promoter E-Voting NA NA NA NA NA NA NA
Group
Poll NA NA NA NA NA NA NA
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total NA NA NA NA NA NA NA
Public- Institutions E-Voting 1944041607 98525981 5.0681004 98525981 0 100 0
Poll 1944041607 0 0 0 0 0 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 98525981 5.0681 98525981 0 100 0
Public- Non Institutions E-Voting 1944041607 986758432 50.758092 959172322 27586110 97.20437 2.795629518
Poll 1944041607 198852 0.0102288 198852 0 100 0
Postal Ballot (if NA NA NA NA NA NA NA
applicable)
Total 1944041607 986957284 50.76832 959371174 27586110 97.20493 2.795066255
Total 1944041607 1085483265 55.83642 1057897155 27586110 97.45863 2.541366679
Item 5: Appointment and
fixation of remuneration
of the branch auditors in
consultation with the
Central Statutory
Auditors.
Resolution required: Ordinary
(Ordinary/ Special)
Whether promoter/ Not Applicable
promoter group are
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