Institutional Investor Advisory Services

IiAS is an advisory firm providing opinions, research and data on ESG issues in India and voting recommendations on shareholder meetings for over 900 companies

[Institutional Investor Advisory Services @IiASAdvisory]

At L&T, a CFO-to-director transition for Shankar Raman is looking like an expensive farewell, with a pay package that's difficult to assess.
At Biocon, two proposed IDs bring extensive institutional memory but do they also bring sufficient independence?
https://t.co/OMUWcQ4HFW

[Institutional Investor Advisory Services @IiASAdvisory]

At Pace Digitek, investors defeated multiple related-party transactions involving entities where promoter ownership either overlapped materially or remained unclear.
At Transformers and Rectifiers, investors opposed a long tenured-ID appointment.
https://t.co/ckPbj1l5yQ

[Institutional Investor Advisory Services @IiASAdvisory]

At Jagran Prakashan, a promoter feud is now a boardroom battle.
At Ugro Capital, the MD’s proposed pay package appears to test the spirit of rules intended to keep promoters away from stock price-linked incentive plans.
https://t.co/Yvlm0KXWAN

[Institutional Investor Advisory Services @IiASAdvisory]

At Lloyds Enterprises, institutional investors have repeatedly pushed back against broad capital deployment mandates and RPT limits.
At Swiggy, shareholders rejected an attempt to solve a FEMA issue through founder-linked governance rights.

https://t.co/Jk5yYsK2Gg

[Institutional Investor Advisory Services @IiASAdvisory]

Fractal Analytics is trying to lock founder and investor rights into its Articles at just a 5% threshold.
Pace Digitek, meanwhile, has a promoter in every SPV and is seeking approval for Rs 70 bn of related-party transactions.
https://t.co/tVX7fCH7do

[Institutional Investor Advisory Services @IiASAdvisory]

At Indo Borax, new owners sought broad discretion on ESOP pricing, concentrated grants, and a sharp increase in inter-corporate lending limits.
At Choice International, shareholders were asked to approve a Rs 30 bn lending limit with limited disclosures.
https://t.co/izTBIn4T7K

[Business Standard @bsindia]

#Opinion | #IndiaInc’s rapid rise is repeatedly shadowed by governance failures, from Satyam and Kingfisher to IL&FS, Yes Bank, NSE and Byju’s, highlighting gaps in boards, auditors and regulatory oversight, writes Kanika Datta.

https://t.co/D5KxYs3CG0

[Institutional Investor Advisory Services @IiASAdvisory]

At Swiggy, executives are seeking continuing rights to nominate directors despite relatively small economic ownership. At Clean Max Enviro, shareholders are being asked to approve 48 resolutions- including long-term RPTs across dozens of SPVs.
https://t.co/qODlx2szEt

[Institutional Investor Advisory Services @IiASAdvisory]

There’s more dissent in shareholder votes today. At Simplex Mills: 100% institutional opposition against a land sale with limited disclosure. At Dilip Buildcon, 96% of institutions opposed a large loan mandate.
https://t.co/3iybW1uJVS

[Institutional Investor Advisory Services @IiASAdvisory]

STL Networks wants its shareholders to extend guarantees to Sterlite Tech - an entity they no longer own.
Asahi India, DCM Shriram & Hatsun Agro have proposed names for independent directors where the basis for independence is, at best, open to question
https://t.co/cts7j3O3t0

[Institutional Investor Advisory Services @IiASAdvisory]

STL Networks wants its shareholders to extend guarantees to Sterlite Tech - an entity they no longer own.
Asahi India, DCM Shriram & Hatsun Agro have proposed names for independent directors where the basis for independence is, at best, open to question
https://t.co/cts7j3O3t0

[Institutional Investor Advisory Services @IiASAdvisory]

At Rashi Peripherals & SG Mart, institutional investors voted overwhelmingly against key resolutions. Why?
CEO pay misaligned with peer benchmarks
Discretionary ESOP pricing undermining pay-for-performance
Discounted ESOPs weakening pay at risk principle
https://t.co/Pb7brQfl2i

[Institutional Investor Advisory Services @IiASAdvisory]

98% of institutional investors opposed Gujarat Themis’ proposal to raise its RPT ceiling to Rs 500 mn from transactions worth just Rs 14.8 mn 2 years earlier.
88.75% of institutions voted against the appointment of a promoter family member at Valor Estate
https://t.co/Exi9zGN9KU

[Institutional Investor Advisory Services @IiASAdvisory]

MM Forgings and HFCL want to raise capital. MM Forgings through a highly dilutive QIP with broad-ended fund usage. HFCL’s via a promoter warrant issue which offers a phased commitment structure with embedded optionality How should public shareholders vote?
https://t.co/Eb7vJHKMEX

[Institutional Investor Advisory Services @IiASAdvisory]

At Waaree Renewable Tech, investors pushed back on an evergreen ₹20 bn funding limit with little clarity on use. At Indo Borax & Chemicals, it was déjà vu - high executive pay, limited disclosures, and visible conflicts - despite a change in control.
https://t.co/NxeaGcKiXg

[Institutional Investor Advisory Services @IiASAdvisory]

Valor Estate is seeking approval for Rs 5 billion in JV loans with zero disclosure on interest rates, tenure, or security. Simultaneously, an open-ended, "perpetual" pay proposal for the promoter's son lacks a total remuneration cap.
Read more:
https://t.co/eZXQEYRr1g

[Business Standard @bsindia]

#Opinion | @AmitTandon_in writes “board overload” is blurring the line between oversight and execution as regulatory demands pile up, with risks for governance when roles between boards and management lack clarity.

https://t.co/X1T8fJdQqV

[Institutional Investor Advisory Services @IiASAdvisory]

549 times. That's how much more SK Bangur earned compared to median employee at West Coast Paper Mills in FY24. His pay structure remains immune to losses. Amagi Media is learning that public market scrutiny is a different beast than PE.
Voting outcomes-
https://t.co/wYfRsbM64o

[Institutional Investor Advisory Services @IiASAdvisory]

At Whirlpool of India, shareholders rejected the redesignation of 14-year boardroom veteran as an Independent Director. At Hindustan Oil Exploration, a contested CEO appointment passed but not with institutional support.
https://t.co/qmEkpiaaHP

[Institutional Investor Advisory Services @IiASAdvisory]

"The number of (large) companies and positions on their boards remain limited, which also limits growth in terms of absolute number of bureaucrat directors." @AmitTandon_in tells @SachinMampatta https://t.co/fZlyuXZtoH