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    Results: Shareholder Voting

    Dec 17, 2015
    Results: Shareholder Voting


    Maruti Suzuki India Limited had sought approval of the minority shareholders, pursuant to the Companies Act, 2013 and the Listing Regulations, for a related party transaction with Suzuki Motor Gujarat Private Limited for entering into:

    • a) A contract manufacturing agreement for the production and sale of vehicles; and
    • b) Lease deed for leasing land for purposes of implementing the contract manufacturing agreement.

    The voting by the shareholders began on 16th November, 2015 and ended on 15th December, 2015.

    The result of the voting as per the report issued by the Scrutinizer is as follows:

    Particulars No. of Ballot No. of shares / votes % of Votes
    Total Net Valid Ballot in physical & electronic mode 1221 6,58,33,152 100%
    Total Votes in favour of the resolution 856* 5,90,84,468 89.75%
    Total Votes against the Resolution 366* 67,48,684 10.25%

    *One ballot, which had both positive and negative votes, is counted in both categories.

    The ordinary resolution has been passed with requisite majority.