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Manpasand Beverages. Greed redefined. Close to 100 times earnings. Not worth fifty bucks. Good luck to promoters in finding enough fools

— R. Balakrishnan (@BalakrishnanR) June 25, 2015

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AGM

What I heard and saw at the ICICI Pru Life AGM on 25 June,2015

Post author By Raoji
Post date June 25, 2015
5 Comments on What I heard and saw at the ICICI Pru Life AGM on 25 June,2015

Disclosure:I am market making in the shares of ICICI Pru Life)

I attended the ICICI Pru Life AGM today .

Was the only external shareholder to attend !!

Here is what I heard and saw:

The Company Secretary read out the resolutions.They were moved ,seconded and passed by the shareholders
The resolutions were:

Adoption of Accounts
Approval of Dividend-total dividend for the year is 5.85 Rs/share.The Board reiterated its commitment to have as high a dividend payout as possible
Re-appointment of Adrian O’Connor as Director
Re-appointment of Puneet Nanda as Director
Re-appointment of S R Batliboi as Auditors
Approval of remuneration of Mr.Sandeep Bakshi,MD
Approval of remuneration of Mr.Puneet Nanda,ED
Approval of remuneration of Mr.Sandeep Batra,ED

As expected,the AGM quickly got over.