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AGM

What I heard and saw at the BSE AGM

(Disclosure:I am market making in the shares of BSE)

Attended the BSE AGM today.

BSE AGM
BSE AGM

 

Here is what I heard and saw:

  1. The meeting was well attended
  2. The Chairman Mr.Ramodarai welcomed the Shareholders
  3. The Company Secretary read out the Independent Auditors’ Report
  4. The Chairman addressed the shareholders.Mentioned that BSE is in the best shape it has been in many years and they are working hard to make it better
  5. The Chairman read out the resolutions.They were moved ,seconded and passed by the shareholders
  6. The resolutions were:
  • Adoption of Accounts
  • Approval of Dividend of Rs.4
  • Reappointing of auditors Deloitte for 3 years
  • Approval of MD’s remuneration etc

7.The shareholders expressed their appreciation of the work done by BSE MD Ashish Chauhan in upgrading the technology infrastructure of BSE.

8.All the shareholders had only 1 Q-When will BSE get listed?The Chairman replied that they are continuously following up with SEBI for the same

The Chairman then concluded the proceedings of the AGM

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Some stuff I am reading today morning:

Amul 2.0 (ET)

Is it time to increase your equity allocation? (Mint)

Mutual Funds join FII led Dalal Street party (BS)

IDFC Bank’s strategy (BL)

Tax Deferral is a brillaint tax saving strategy (Subramoney)

When entertainment passes for investment advice (Bloomberg)

Popular stocks stink (Patrick)

Value Investing:Can you withstand the pain? (AlphaArchitect)

You really can create money out of thin air (Climateer)

Investment Outlook by Bill Gross (Pimco)