Institutional investors dissented four resolutions each of supply chain firm Delhivery and electrical goods company Havells India, with more 50% of votes cast, even as they supported 89 motions with 100% majority. Further, they also supported 26 motions with over 99% of votes polled. Delhivery’s resolutions, all employee stock option plans, were voted against with 72% of institutional shareholders’ votes. The motions of Havells India, all of them employee stock-purchase schemes, were voted with upwards of 50% votes, according to data compiled by proxy advisory firm Institutional Investor Advisory Services India (IiAS). However, all resolutions were approved by the total …
