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Asian Paints Ltd. — AGM Information 2021
Jun 29, 2021
59121_rns_2021-06-29_fd8d805e-9d4e-4306-b46e-5884a6e74665.pdf
AGM Information
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APL/SEC/19/2021-22/22
29[th] June, 2021
BSE Limited The National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, 25[th] Floor, Dalal Street, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500820 Symbol: ASIANPAINT
Sir(s),
Sub: Compliance of Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“Listing Regulations”]
This is to inform you that the 75[th] Annual General Meeting (“AGM”) of the Company was held on Tuesday, 29[th] June, 2021 at 11.00 am IST through video conference/other audio visual means in accordance with the applicable circular(s) issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India for transacting the business(es) mentioned in the Notice dated 12[th] May, 2021 convening the AGM .
In this regard, please find enclosed the following:
| Proceedings of the AGM pursuant to Part A of Schedule III under Regulation 30 of the Listing Regulations |
Appendix – 1 |
|---|---|
| Voting results of the AGM pursuant to Regulation 44 of the Listing Regulations |
Appendix – 2 |
| Consolidated Report of the Scrutinizer dated 29thJune, 2021 on remote e – Voting and electronic voting at the AGM |
Appendix – 3 |
The above results will also be available on the website of the Company (www.asianpaints.com) and on the website of National Securities Depository Limited (www.evoting.nsdl.com)
This is for your information and record.
Thanking you,
Yours truly,
For ASIAN PAINTS LIMITED
Digitally signed by JEYAMURUGAN JEYAMURUGAN RAMALINGAM RAMALINGAM JEYAPANDIYAN JEYAPANDIYAN Date: 2021.06.29 19:59:37 +05'30'
R. J. JEYAMURUGAN CFO & COMPANY SECRETARY
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Appendix – 1
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BRIEF PROCEEDINGS OF THE 75[TH] ANNUAL GENERAL MEETING OF THE COMPANY
The 75[th] Annual General Meeting (AGM) of the Company was held today on Tuesday, 29[th] June, 2021, through Video Conference (VC) /Other Audio Visual Means (OAVM) in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India and as per the applicable proivisions of the Companies Act, 2013 and the Rules issued thereunder. The AGM commenced at 11.00 a.m. IST and concluded at 1.53 p.m. IST (including the time allowed for e- Voting at AGM).
Mr. Ashwin Dani, Chairman of the Company, chaired the proceedings of the meeting. He welcomed all the shareholders, Directors and other participants to the meeting. The Chairman informed the members that the Company had taken all feasible efforts under the current circumstances to enable members to participate through VC and vote on the resolutions placed before the shareholders for their approval.
The requisite quorum being present through VC, the Chairman called the meeting to order and then introduced all his colleagues on the Board. All Directors were present for the meeting. The Statutory, Secretarial and Cost Auditors were also present during the meeting.
On request by the Chairman, Mr. R J Jeyamurugan, CFO & Company Secretary, provided general instructions to the members regarding participation in the meeting.
The Chairman then continued delivering his speech to the members of the Company which included highlights on business performance, new business verticals, financials, outlook, etc.
The Notice convening the AGM and the Annual Report of the Company for the financial year ended 31[st] March, 2021, were taken as read as the same were already circulated to the members. As the Audit Report, did not contain any qualifications/adverse remarks it was not read at the meeting.
As this was the last AGM of Mr. Ashwin Dani as Chairman of the Company, he expressed his deep sense of respect to the founders of the Company and was thankful to the co-promoters and his colleagues on the Board. He congratulated Mr. Deepak Satwalekar for his new role as Chairman of the Board and the Company and wished him all the success. Mr. Ashwin Dani would continue on the Board as the Non-Executive Director of the the Company.
After conclusion of the speech, the Chairman informed the following:
-
The Company had provided a facility to the members to cast their votes electronically, on all resolutions set forth in the Notice convening the 75[th] AGM of the Company.
-
The remote e-Voting period which had commenced on Thursday, 24[th] June, 2021 at 9.00 a.m. ended on Monday, 28[th] June, 2021 at 5.00 p.m.
-
Mr. Makarand M. Joshi, Partner, M/s. Makarand M. Joshi & Co., Practicing Company Secretaries (Membership No. 5533, COP: 3662), was appointed as the Scrutinizer for scrutiny of the votes cast through the remote e-Voting platform and electronic voting at the AGM.
-
Members who had not cast their votes through remote e-Voting platform were provided with an opportunity to cast their votes, electronically during the AGM.
The following items of business, as per the Notice convening the 75[th] AGM of the Company dated 12[th] May, 2021 were transacted at the meeting. The members were then requested to raise their queries on the Agenda Items as set out in the said Notice. Total 17 speaker shareholders spoke/raised queries/made comments on the financial performance and other relevant matters. Necessary clarifications/responses were provided to the members by the Chairman of the Company.
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| **Sr. No. ** | Details of the Resolution(s) | Resolution required (Ordinary/ Special) |
|---|---|---|
| 1. | Adoption of the financial statements of the Companyfor the financial year ended on 31stMarch, 2021 together with the reports of the Board of Directors and Auditors’ thereon |
Ordinary Resolution |
| 2. | Declaration of dividend on equity shares for the financial year ended 31stMarch, 2021 |
Ordinary Resolution |
| 3. | Re-appointment of Mr. Abhay Vakil (DIN:00009151), as a Director liable to retire by rotation |
Ordinary Resolution |
| 4. | Re-appointment of Mr.Jigish Choksi (DIN: 08093304),as a Director liable to retire by rotation |
Ordinary Resolution |
| 5. | Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration Number - 117366W/W-100018) as the Statuory Auditors of the Company |
Ordinary Resolution |
| 6. | Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rdJanuary, 2022 to 22ndJanuary, 2027 |
Special Resolution |
| 7. | Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
Special Resolution |
| 8. | Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
Special Resolution |
| 9. | Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
Special Resolution |
| 10. | Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
Special Resolution |
| 11. | Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 |
Ordinary Resolution |
| 12. | Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
Special Resolution |
| 13. | Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the finsancial year ending 31stMarch, 2022 |
Ordinary Resolution |
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The Chairman, thereafter, thanked all the members for their participation at the AGM and for their constructive suggestions and observations. He informed the members that voting on the NSDL platform would continue for another 15 minutes to enable the members to cast their votes.
All the aforesaid resolutions were passed with requisite majority. Detailed voting results for the votes cast through remote e-Voting and electronic voting at the AGM on all the resolutions as set out in the Notice of AGM are enclosed.
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Appendix – 2
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VOTING RESULTS OF THE 75[TH] AGM PURSUANT TO REGULATION 44 OF THE LISTING REGULATIONS
| Date of AGM | 29thJune 2021 |
|---|---|
| Total number of shareholders on record date (i.e. as on 22nd June, 2021) |
499086 |
| No. of shareholders present in the meeting either in person or through proxy: | |
| Promoter and Promoter group | NA |
| Public | NA |
| No. of shareholders attended the meeting through Video Conferencing: | |
| Promoter and Promoter group | 25 |
| Public | 191 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
1 - Adoption of the financial statements of the Company for the financial year ended 31st March, 2021 together with the Reports of the Board of Directors and Auditors’ thereon |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213034033 | 80.89 | 212864834 | 169199 | 99.92 | 0.08 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213034033 | 80.89 | 212864834 | 169199 | 99.92 | 0.08 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7842768 | 4.14 | 7839320 | 3448 | 99.96 | 0.04 |
| E-Voting at AGM |
29265 |
0.02 | 29265 | 0 | 100.00 | 0.00 | ||
| Total | 7872033 | 4.16 | 7868585 | 3448 | 99.96 | 0.04 | ||
| Total | 959197790 | 727215548 | 75.82 | 727042901 | 172647 | 99.98 | 0.02 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
2 - Declaration of dividend on equity shares for the financial year ended 31st March, 2021 |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213793720 | 81.18 | 211796235 | 1997485 | 99.07 | 0.93 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213793720 | 81.18 | 211796235 | 1997485 | 99.07 | 0.93 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7841850 | 4.14 | 7798234 | 43616 | 99.44 | 0.56 |
| E-Voting at AGM |
29265 |
0.02 | 29265 | 0 | 100.00 | 0.00 | ||
| Total | 7871115 | 4.15 | 7827499 | 43616 | 99.45 | 0.55 | ||
| Total | 959197790 | 727974317 | 75.89 | 725933216 | 2041101 | 99.72 | 0.28 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
3 - Appointment of Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and has offered himself for re-appointment |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 212971273 | 80.86 | 152051788 | 60919485 | 71.40 | 28.60 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 212971273 | 80.86 | **152051788 ** | 60919485 | 71.40 | 28.60 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7840479 | 4.14 | 7831120 | 9359 | 99.88 | 0.12 |
| E-Voting at AGM |
29265 |
0.02 | 28740 | 525 | 98.21 | 1.79 | ||
| Total | 7869744 | 4.15 | 7859860 | 9884 | 99.87 | 0.13 | ||
| Total | 959197790 | 727150499 | 75.81 | **666221130 ** | 60929369 | 91.62 | 8.38 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
4 - Appointment of Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and has offered himself for re-appointment |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 212971273 | 80.86 | 153610627 | 59360646 | 72.13 | 27.87 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 212971273 | 80.86 | **153610627 ** | 59360646 | 72.13 | 27.87 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7820448 | 4.13 | 7807363 | 13085 | 99.83 | 0.17 |
| E-Voting at AGM |
29265 |
0.02 | 28740 | 525 | 98.21 | 1.79 | ||
| Total | 7849713 | 4.14 | 7836103 | 13610 | 99.83 | 0.17 | ||
| Total | 959197790 | 727130468 | 75.81 | **667756212 ** | 59374256 | 91.83 | 8.17 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
5 - Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213148016 | 80.93 | 201329188 | 11818828 | 94.46 | 5.54 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213148016 | 80.93 | **201329188 ** | 11818828 | 94.46 | 5.54 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7840425 | 4.14 | 7790308 | 50117 | 99.36 | 0.64 |
| E-Voting at AGM |
29175 |
0.02 | 28650 | 525 | 98.20 | 1.80 | ||
| Total | 7869600 | 4.15 | 7818958 | 50642 | 99.36 | 0.64 | ||
| Total | 959197790 | 727327098 | 75.83 | **715457628 ** | 11869470 | 98.37 | 1.63 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
6 - Re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23rd January, 2022 to 22nd January, 2027 |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 212849158 | 80.82 | 209978180 | 2870978 | 98.65 | 1.35 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 212849158 | 80.82 | 209978180 | 2870978 | 98.65 | 1.35 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7819502 | 4.13 | 7749289 | 70213 | 99.10 | 0.90 |
| E-Voting at AGM |
16965 |
0.01 | 16965 | 0 | 100.00 | 0.00 | ||
| Total | 7836467 | 4.14 | 7766254 | 70213 | 99.10 | 0.90 | ||
| Total | 959197790 | 726995107 | 75.79 | 724053916 | 2941191 | 99.60 | 0.40 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
7 - Continuation of the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213558516 | 81.09 | 211217073 | 2341443 | 98.90 | 1.10 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213558516 | 81.09 | 211217073 | 2341443 | 98.90 | 1.10 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7820155 | 4.13 | 7750230 | 69925 | 99.11 | 0.89 |
| E-Voting atAGM |
16965 |
0.01 | 16965 | 0 | 100.00 | 0.00 | ||
| Total | 7837120 | 4.14 | 7767195 | 69925 | 99.11 | 0.89 | ||
| Total | 959197790 | 727705118 | 75.87 | 725293750 | 2411368 | 99.67 | 0.33 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
8 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | **99.99 ** | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213160552 | 80.94 | **93940770 ** | 119219782 | 44.07 | 55.93 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7813311 | 4.12 | 1854465 | 5958846 | 23.73 | 76.27 |
| E-Voting atAGM |
29265 |
0.02 | 28698 | 567 | 98.06 | 1.94 | ||
| Total | 7842576 | 4.14 | 1883163 | 5959413 | 24.01 | 75.99 | ||
| Total | 959197790 | 727312610 | **75.83 ** | **602133415 ** | 125179195 | 82.79 | 17.21 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
9 - Consideration of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | **99.99 ** | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7819776 | 4.13 | 1851894 | 5967882 | 23.68 | 76.32 |
| E-Voting at AGM |
29265 |
0.02 | 28683 | 582 | 98.01 | 1.99 | ||
| Total | 7849041 | 4.14 | 1880577 | 5968464 | 23.96 | 76.04 | ||
| Total | 959197790 | 727319075 | **75.83 ** | 602130829 | 125188246 | 82.79 | 17.21 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
10 - Consideration of the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | **99.99 ** | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213160552 | 80.94 | 93060444 | 120100108 | 43.66 | 56.34 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213160552 | 80.94 | **93060444 ** | 120100108 | 43.66 | 56.34 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7820146 | 4.13 | 1915113 | 5905033 | 24.49 | 75.51 |
| E-Voting atAGM |
29265 |
0.02 | 28683 | 582 | 98.01 | 1.99 | ||
| Total | 7849411 | 4.14 | 1943796 | 5905615 | 24.76 | 75.24 | ||
| Total | 959197790 | 727319445 | **75.83 ** | **601313722 ** | 126005723 | 82.68 | 17.32 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
11 - Consideration of the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213148016 | 80.93 | 93990013 | 119158003 | 44.10 | 55.90 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213148016 | 80.93 | 93990013 | 119158003 | 44.10 | 55.90 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7804714 | 4.12 | 1841127 | 5963587 | 23.59 | 76.41 |
| E-Voting at AGM |
29265 |
0.02 | 28458 | 807 | 97.24 | 2.76 | ||
| Total | 7833979 | 4.14 | 1869585 | 5964394 | 23.87 | 76.13 | ||
| Total | 959197790 | 727291477 | 75.82 | 602169080 | 125122397 | 82.80 | 17.20 |
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| Resolution Required : (Special) | Resolution Required : (Special) | Resolution Required : (Special) | 12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
12 - Consideration of change of place of keeping and inspection of Register and Index of Members, returns, etc. |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213747628 | 81.16 | 213747628 | 0 | 100.00 | 0.00 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213747628 | 81.16 | 213747628 | 0 | 100.00 | 0.00 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7819684 | 4.13 | 7816659 | 3025 | 99.96 | 0.04 |
| E-Voting atAGM |
29265 |
0.02 | 29250 | 15 | 99.95 | 0.05 | ||
| Total | 7848949 | 4.14 | 7845909 | 3040 | 99.96 | 0.04 | ||
| Total | 959197790 | 727906059 | 75.89 | 727903019 | 3040 | 100.00 | 0.00 |
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| Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | Resolution Required : (Ordinary) | 13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
13 - Ratification of the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31st March, 2022 |
|---|---|---|---|---|---|---|---|---|
| Whether promoter/ promoter group are interested in the agenda/resolution? |
NO | |||||||
| 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 votespolled |
% of Votes against on votespolled |
| [1] | [2] | [3]={[2]/[1]}*10 0 |
[4] | [5] | [6]={[4]/[2]}*10 0 |
[7]={[5]/[2]}*10 0 |
||
| Promoter and Promoter Group |
E-Voting | 506384654 | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E-Voting at AGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | ||
| Public Institutions | E-Voting | 263369783 | 213735092 | 81.15 | 213723665 | 11427 | 99.99 | 0.01 |
| E-Voting atAGM |
0 |
0.00 | 0 | 0 | 0.00 | 0.00 | ||
| Total | 213735092 | 81.15 | 213723665 | 11427 | 99.99 | 0.01 | ||
| Public Non Institutions |
E-Voting | 189443353 | 7820061 | 4.13 | 7814455 | 5606 | 99.93 | 0.07 |
| E-Voting at AGM |
29265 |
0.02 | 29250 | 15 | 99.95 | 0.05 | ||
| Total | 7849326 | 4.14 | 7843705 | 5621 | 99.93 | 0.07 | ||
| Total | 959197790 | 727893900 | 75.89 | 727876852 | 17048 | 100.00 | 0.00 |
It is to be noted that:
-
Voting rights on the shares transferred to ‘Unclaimed Suspense Account’ and those shares transferred to the ‘Investor Education and Protection Fund’ are frozen.
-
The votes cast does not include invalid votes and abstained votes.
-
All the aforesaid resolutions were passed with requisite majority.
For ASIAN PAINTS LIMITED
JEYAMURUGAN Digitally signed by JEYAMURUGAN RAMALINGAM RAMALINGAM JEYAPANDIYAN Date: 2021.06.29 20:00:22 +05'30' JEYAPANDIYAN
R. J. JEYAMURUGAN
CFO & COMPANY SECRETARY
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Appendix – 3
MAKARAND M. JOSHI & CO. Company Secretaries
Ecstasy, 803/804, 8[th] Floor, City of Joy, J.S.D Road, Mulund (West), Mumbai- 400080 (Ph) 022-21678136
Consolidated Report of Scrutinizer on Remote e-voting and electronic voting at the Annual General Meeting (AGM)
To
Mr. R J Jeyamurugan CFO & Company Secretary
Asian Paints Limited (herein after the “Company’)
Consolidated Scrutinizer’s Report on voting through Remote E-voting and electronic voting at the 75[th] AGM of the shareholders of Company, held on 29[th] June, 2021 at 11:00 AM through video conferencing (“VC”) /other audio-visual means (OVAM) in terms of provisions of the Companies Act, 2013 (herein after the “Act”) read with the Rules issued there under and the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
-
A. I, Makarand M. Joshi, Partner of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries, appointed as Scrutinizer in the meeting of Board of Directors of the Company held on Wednesday, 12[th] May, 2021 to conduct the following:
-
(i) Remote e-voting process done by the shareholders of the Company pursuant to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014; and
-
(ii) Electronic Voting at the AGM under the provisions of Section 109 of the Act read with Rule 21 of the Companies (Management and Administration) Rules, 2014 at the 75[th] AGM held 29[th] June, 2021 at 11.00 AM.
-
B. Pursuant to Section 101, 108 of the Act and Rule 20 of Companies (Management & Administration) Rules 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), the Company has confirmed that the Electronic copy of the Notice convening the 75[th] AGM of the Company and explanatory statement along with the process of electronic voting at the AGM and remote e-voting were sent to the Members of the Company whose e-mail addresses were registered with the Company/the Depository Participant(s) for communication purposes in compliance with the MCA Circular dated 8[th] April, 2020, 13[th] April, 2020, 5[th] May, 2020and 13[th] January, 2021 and SEBI Circular dated 12[th] May, 2020 and 15[th] January, 2021.
-
C. The Company had appointed National Securities Depository Limited (NSDL) for conducting the Electronic voting by the shareholders of the Company at the AGM. After the time fixed for
1
closing of Electronic voting at AGM by the Chairman, voting was closed and votes cast were unblocked.
- D. The Company had availed the remote e-voting facility provided by NSDL for conducting the remote e-voting by the shareholders of the Company. The remote e-voting commenced on Thursday, 24[th] June, 2021 at 9.00 AM and ended on Monday, 28[th] June, 2021 at 5.00 PM and the NSDL remote e-voting portal was blocked for voting thereafter.
.
-
E. On the basis of the votes exercised by the shareholders of the Company by way of electronic voting at the AGM of the Company held on 29[th] June 2021, I have issued Scrutinizer’s Report dated 29[th] June 2021.
-
F. On the basis of the votes exercised by the shareholders of the Company through remote e-voting. I have issued separate Scrutinizer’s Report dated 29[th] June 2021.
| Date of AGM | 29thJune 2021 |
|---|---|
| Total number of shareholders on record date (i.e. as on 22nd June, 2021) |
499086 |
| No. of shareholders present in the meeting either in person or through proxy: | |
| Promoter and Promoter group | NA |
| Public | NA |
| No. of shareholders attended the meeting through Video Conferencing: | |
| Promoter and Promoter group | 25 |
| Public | 191 |
2
Resolution Item No. 1 - Ordinary Resolution:
To receive, consider and adopt:
-
A. Audited Financial Statements of the Company for the financial year ended 31[st] March, 2021 together with the Reports of Board of Directors and Auditors thereon.
-
B. Audited Consolidated Financial Statements of the Company for the financial year ended 31[st] March, 2021 together with the Report of Auditors thereon.
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213034033 | 80.89 | 212864834 | 169199 | 99.92 | 0.08 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213034033 | 80.89 | 212864834 | 169199 | 99.92 | 0.08 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7842768 | 4.14 | 7839320 | 3448 | 99.96 | 0.04 |
| E- Voting at AGM |
29265 | 0.02 | 29265 | 0 | 100.00 | 0.00 | |||
| Total | 7872033 | 4.16 | 7868585 | 3448 | 99.96 | 0.04 | |||
| Total | 959197790 | 727215548 | 75.82 | 727042901 | 172647 | 99.98 | 0.02 |
3
Resolution Item No. 2 - Ordinary Resolution:
To declare final dividend on equity shares for the financial year ended 31[st] March, 2021:
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213793720 | 81.18 | 211796235 | 1997485 | 99.07 | 0.93 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213793720 | 81.18 | 211796235 | 1997485 | 99.07 | 0.93 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7841850 | 4.14 | 7798234 | 43616 | 99.44 | 0.56 |
| E- Voting at AGM |
29265 | 0.02 | 29265 | 0 | 100.00 | 0.00 | |||
| Total | 7871115 | 4.15 | 7827499 | 43616 | 99.45 | 0.55 | |||
| Total | 959197790 | 727974317 | 75.89 | 725933216 | 2041101 | 99.72 | 0.28 |
4
Resolution Item No. 3 - Ordinary Resolution:
To appoint a Director in place of Mr. Abhay Vakil (DIN: 00009151), who retires by rotation and being eligible, offers himself for re-appointment:
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
212971273 | 80.86 | 152051788 | 60919485 | 71.40 | 28.60 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 212971273 | 80.86 | 152051788 | 60919485 | 71.40 | 28.60 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7840479 | 4.14 | 7831120 | 9359 | 99.88 | 0.12 |
| E- Voting at AGM |
29265 | 0.02 | 28740 | 525 | 98.21 | 1.79 | |||
| Total | 7869744 | 4.15 | 7859860 | 9884 | 99.87 | 0.13 | |||
| Total | 959197790 | 727150499 | 75.81 | 666221130 | 60929369 | 91.62 | 8.38 |
5
Resolution Item No. 4 - Ordinary Resolution:
To appoint a Director in place of Mr. Jigish Choksi (DIN: 08093304), who retires by rotation and being eligible, offers himself for re-appointment:
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
212971273 | 80.86 | 153610627 | 59360646 | 72.13 | 27.87 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 212971273 | 80.86 | 153610627 | 59360646 | 72.13 | 27.87 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7820448 | 4.13 | 7807363 | 13085 | 99.83 | 0.17 |
| E- Voting at AGM |
29265 | 0.02 | 28740 | 525 | 98.21 | 1.79 | |||
| Total | 7849713 | 4.14 | 7836103 | 13610 | 99.83 | 0.17 | |||
| Total | 959197790 | 727130468 | 75.81 | 667756212 | 59374256 | 91.83 | 8.17 |
6
Resolution Item No. 5 - Ordinary Resolution:
To consider the re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W-100018), as the Statutory Auditors of the Company:
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213148016 | 80.93 | 201329188 | 11818828 | 94.46 | 5.54 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213148016 | 80.93 | 201329188 | 11818828 | 94.46 | 5.54 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7840425 | 4.14 | 7790308 | 50117 | 99.36 | 0.64 |
| E- Voting at AGM |
29175 | 0.02 | 28650 | 525 | 98.20 | 1.80 | |||
| Total | 7869600 | 4.15 | 7818958 | 50642 | 99.36 | 0.64 | |||
| Total | 959197790 | 727327098 | 75.83 | 715457628 | 11869470 | 98.37 | 1.63 |
7
Resolution Item No. 6 - Special Resolution:
To consider the re-appointment of Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company to hold office for a second term from 23[rd] January, 2022 to 22[nd] January, 2027
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
212849158 | 80.82 | 209978180 | 2870978 | 98.65 | 1.35 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 212849158 | 80.82 | 209978180 | 2870978 | 98.65 | 1.35 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7819502 | 4.13 | 7749289 | 70213 | 99.10 | 0.90 |
| E- Voting at AGM |
16965 | 0.01 | 16965 | 0 | 100.00 | 0.00 | |||
| Total | 7836467 | 4.14 | 7766254 | 70213 | 99.10 | 0.90 | |||
| Total | 959197790 | 726995107 | 75.79 | 724053916 | 2941191 | 99.60 | 0.40 |
8
Resolution Item No. 7 – Special Resolution:
To continue the Directorship by Mr. R. Seshasayee (DIN: 00047985) as an Independent Director of the Company
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213558516 | 81.09 | 211217073 | 2341443 | 98.90 | 1.10 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213558516 | 81.09 | 211217073 | 2341443 | 98.90 | 1.10 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7820155 | 4.13 | 7750230 | 69925 | 99.11 | 0.89 |
| E- Voting at AGM |
16965 | 0.01 | 16965 | 0 | 100.00 | 0.00 | |||
| Total | 7837120 | 4.14 | 7767195 | 69925 | 99.11 | 0.89 | |||
| Total | 959197790 | 727705118 | 75.87 | 725293750 | 2411368 | 99.67 | 0.33 |
9
Resolution Item No. 8 – Special Resolution:
To consider the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company under the 2021 Plan
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7813311 | 4.12 | 1854465 | 5958846 | 23.73 | 76.27 |
| E- Voting at AGM |
29265 | 0.02 | 28698 | 567 | 98.06 | 1.94 | |||
| Total | 7842576 | 4.14 | 1883163 | 5959413 | 24.01 | 75.99 | |||
| Total | 959197790 | 727312610 | 75.83 | 602133415 | 125179195 | 82.79 | 17.21 |
10
Resolution Item No. 9 – Special Resolution:
To consider the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”) and grant of stock options to the eligible employees of the Company’s subsidiaries under the 2021 Plan
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213160552 | 80.94 | 93940770 | 119219782 | 44.07 | 55.93 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7819776 | 4.13 | 1851894 | 5967882 | 23.68 | 76.32 |
| E- Voting at AGM |
29265 | 0.02 | 28683 | 582 | 98.01 | 1.99 | |||
| Total | 7849041 | 4.14 | 1880577 | 5968464 | 23.96 | 76.04 | |||
| Total | 959197790 | 727319075 | 75.83 | 602130829 | 125188246 | 82.79 | 17.21 |
11
Resolution Item No. 10 – Special Resolution:
To consider the secondary acquisition of equity shares of the Company by the Asian Paints Employees Stock Ownership Trust for the implementation of the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”)
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213160552 | 80.94 | 93060444 | 120100108 | 43.66 | 56.34 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213160552 | 80.94 | 93060444 | 120100108 | 43.66 | 56.34 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7820146 | 4.13 | 1915113 | 5905033 | 24.49 | 75.51 |
| E- Voting at AGM |
29265 | 0.02 | 28683 | 582 | 98.01 | 1.99 | |||
| Total | 7849411 | 4.14 | 1943796 | 5905615 | 24.76 | 75.24 | |||
| Total | 959197790 | 727319445 | 75.83 | 601313722 | 126005723 | 82.68 | 17.32 |
12
Resolution Item No. 11 – Ordinary Resolution:
To consider the grant of Equity Stock options to Mr. Amit Syngle, Managing Director and CEO, under the Asian Paints Employee Stock Option Plan 2021 (“2021 Plan”)
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213148016 | 80.93 | 93990013 | 119158003 | 44.10 | 55.90 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213148016 | 80.93 | 93990013 | 119158003 | 44.10 | 55.90 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7804714 | 4.12 | 1841127 | 5963587 | 23.59 | 76.41 |
| E- Voting at AGM |
29265 | 0.02 | 28458 | 807 | 97.24 | 2.76 | |||
| Total | 7833979 | 4.14 | 1869585 | 5964394 | 23.87 | 76.13 | |||
| Total | 959197790 | 727291477 | 75.82 | 602169080 | 125122397 | 82.80 | 17.20 |
13
Resolution Item No. 12 – Special Resolution:
To consider change of place of keeping and inspection of Register and Index of Members, returns, etc
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213747628 | 81.16 | 213747628 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213747628 | 81.16 | 213747628 | 0 | 100.00 | 0.00 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7819684 | 4.13 | 7816659 | 3025 | 99.96 | 0.04 |
| E- Voting at AGM |
29265 | 0.02 | 29250 | 15 | 99.95 | 0.05 | |||
| Total | 7848949 | 4.14 | 7845909 | 3040 | 99.96 | 0.04 | |||
| Total | 959197790 | 727906059 | 75.89 | 727903019 | 3040 | 100.00 | 0.00 |
14
Resolution Item No. 13 – Ordinary Resolution:
To ratify the remuneration payable to M/s. RA & Co., Cost Accountants (Firm Registration No. 000242), Cost Auditors of the Company for the financial year ending 31[st] March, 2022
| Sr. No |
Promoter/ Public |
Mode of Voting |
Total No. of Shares Held |
No. of votes polled |
% of Votes Polled on outstandin g 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 |
|||
| 1 | Promoter and Promoter Group |
Remote E-Voting |
506384654 |
506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 506309482 | 99.99 | 506309482 | 0 | 100.00 | 0.00 | |||
| 2 | Public - Institutional holders |
Remote E-Voting |
263369783 |
213735092 | 81.15 | 213723665 | 11427 | 99.99 | 0.01 |
| E- Voting at AGM |
0 | 0.00 | 0 | 0 | 0.00 | 0.00 | |||
| Total | 213735092 | 81.15 | 213723665 | 11427 | 99.99 | 0.01 | |||
| 3 | Public-Others | Remote E-Voting |
189443353 |
7820061 | 4.13 | 7814455 | 5606 | 99.93 | 0.07 |
| E- Voting at AGM |
29265 | 0.02 | 29250 | 15 | 99.95 | 0.05 | |||
| Total | 7849326 | 4.14 | 7843705 | 5621 | 99.93 | 0.07 | |||
| Total | 959197790 | 727893900 | 75.89 | 727876852 | 17048 | 100.00 | 0.00 |
15
- G. As requested by the management, I am submitting herewith a consolidated report on the results of remote e-voting together with the results of the Electronic voting facilitated at the AGM.
It is to be noted that:
-
Voting rights on the shares transferred to ‘Unclaimed Suspense Account’ and those shares transferred to the ‘Investor Education and Protection Fund’ are frozen.
-
The votes cast does not include invalid votes and abstained votes.
-
All the aforesaid resolutions were passed with requisite majority.
Thanking you, Yours faithfully,
For Makarand M. Joshi & Co., Practicing Company Secretaries
Digitally signed by MAKARAND MADHUSUDAN JOSHI DN: cn=MAKARAND MADHUSUDAN JOSHI, c=IN, st=Maharashtra, o=Personal, serialNumber=bea4609e399287838241404700ee8d39 49ae4badb642ed597e8360b687ca030f Date: 2021.06.29 18:24:18 +05'30'
Makarand Joshi Partner CP No. 3662 Place: Mumbai Date: 29[th] June, 2021
For Asian Paints Limited
Digitally signed by JEYAMURUGAN JEYAMURUGAN RAMALINGAM RAMALINGAM JEYAPANDIYAN JEYAPANDIYAN Date: 2021.06.29 19:07:05 +05'30'
R J Jeyamurugan CFO & Company Secretary
Place: Mumbai Date: 29[th] June, 2021
16