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Baroda Pioneer Fixed Maturity Plan - Series M A Closed Ended Debt Scheme

Baroda Pioneer Fixed Maturity Plan - Series NA Closed Ended Debt Scheme

2017 - 2018

Annual Report

BARODA PIONEER MUTUAL FUND

REPORT OF THE BOARD OF DIRECTORS OF BARODA PIONEER TRUSTEE COMPANY PRIVATE LTD. TO THE UNIT HOLDERS OF THE SCHEMES OF BARODA PIONEER MUTUAL FUND FOR THE YEAR ENDED MARCH 31, 2018 The Board of Directors of Baroda Pioneer Trustee Company Private Limited (“Trustee Company” or “Trustee”), trustee to Baroda Pioneer Mutual Fund (“Mutual Fund”), has pleasure in presenting the Twenty Fourth Annual Report and the audited accounts of the schemes of the Mutual Fund for the year ended March 31, 2018. BRIEF BACKGROUND OF THE SPONSORS, TRUST / MUTUAL FUND, TRUSTEE COMPANY AND AMC SPONSORS The Mutual Fund was set up as a trust under the name of BOB Mutual Fund by Bank of Baroda (“BOB”), who was the sole sponsor of the Mutual Fund, and the settlor of the Mutual Fund trust. BOB entrusted a sum of Rs. 10,00,000/- to the Board of Trustees of the Mutual Fund as the initial contribution towards the corpus of the Mutual Fund. Consequent to its acquisition of 51% in Baroda Pioneer Asset Management Company Ltd. (“AMC”) in 2008, Pioneer Global Asset Management S.p.A. (“PGAM”) became a co-sponsor of the Mutual Fund.

Effective November 1, 2017, PGAM has been merged by way of incorporation, pursuant to Italian law, into its controlling company, UniCredit S.p.A. (“UniCredit”). As a consequence, starting from such date, all rights and obligations of PGAM have been transferred to UniCredit by operation of law including, inter alia, those relating to the ownership of 51% of the equity share capital of each of AMC, investment manager to the Mutual Fund, and the Trustee Company.

(i) UNICREDIT S.p.A. UniCredit is the parent company of the UniCredit Banking Group, one of Europe’s leading banking groups in 14 core markets - including Italy, Germany, Austria and several other Central and Eastern European (“CEE”) countries - and operations in another 18 countries. UniCredit is incorporated as a joint-stock company under Italian law, with its registered office situated in Milan, Italy (registration number, fiscal code and VAT number 00348170101). As at March 31, 2018, the Group was serving a number of approx. 26 million clients. The Banking Group’s portfolio of activities is highly diversified by segments and geographical areas, with a focus on commercial banking. Its wide range of banking, financial and related activities includes deposit-taking, lending, securities trading and brokerage, investment banking, international trade finance, corporate finance, leasing, factoring, asset management and the distribution of certain life insurance products through bank branches (bancassurance). (Source: UniCredit S.p.A. website) (B) BANK OF BARODA (“BOB”) BOB, a body corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, with its head office at Alkapuri, Baroda, and Central Office at Baroda Corporate Centre, Bandra-Kurla Complex, Bandra (East), Mumbai, is the sponsor of the Mutual Fund. BOB is one of the premier public sector banks of India with an extensive reach of 5,573 strong branch network as on March 31, 2018. BOB is also one of the few Indian banks with a formidable presence overseas in 25 countries through its 106 branches as on March 31, 2018. (Source : Bank of Baroda website) By virtue of a Share Purchase Agreement executed between BOB, UniCredit, AMC and Trustee on December 28, 2017, BOB is in the process of acquiring the shares held by UniCredit in the AMC and Trustee Company, subject to necessary regulatory approvals. As on date of this report, approvals from the Competition Commission of India and the Reserve Bank of India have been received by BOB, while that from the Securities and Exchange Board of India is in process. THE MUTUAL FUND / TRUST

ANNUAL REPORT 2017 - 2018

The Mutual Fund has been constituted as a trust (established by BOB) in accordance with the provisions of the Indian Trusts Act, 1882, by the execution of trust deed dated October 30, 1992, and is registered with SEBI under Registration No. MF/018/94/2, dated November 21, 1994.

PGAM acquired 51% of the shareholding of the AMC in June 2008 and became the co-sponsor of the Mutual Fund. Consequent to the merger of PGAM with UniCredit in November 2017, all rights and obligations of PGAM have been transferred to UniCredit by operation of law including, inter alia, those relating to the ownership of 51% of the equity share capital of each of AMC, investment manager to the Mutual Fund, and the Trustee Company. As a result, UniCredit is the co-sponsor of the Mutual Fund.

THE AMC The AMC is a public limited company, which was incorporated under the Companies Act, 1956 on November 5, 1992 under the name, BOB Asset Management Company Limited. It was appointed as the asset management company of the Mutual Fund by the erstwhile Board of Trustees vide Investment Management Agreement (“IMA”) dated November 24, 1992, and was a wholly owned subsidiary of BOB. On June 27, 2008, PGAM acquired a 51% shareholding in the AMC. Subsequently, the name of the AMC was changed to Baroda Pioneer Asset Management Company Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra, on July 8, 2008. The AMC’s registered office is situated at 501, Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400 063. THE TRUSTEE COMPANY Pursuant to the No-Objection Certificate received from SEBI vide its letter no. OW/24482/2011 dated July 28, 2011, the Trustee Company was incorporated on December 23, 2011, with PGAM and BOB holding 51% and 49% respectively of its share capital. As mentioned above, effective November 1, 2017, PGAM has been merged with UniCredit and all rights and obligations of PGAM have been transferred to UniCredit by operation of law. The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unitholders. The Trustee has been discharging its duties and carrying out the responsibilities as provided in the SEBI (Mutual Fund) Regulations, 1996 (“SEBI MF Regulations”) and the Trust Deed. The Trustee seeks to ensure that the Fund and the schemes floated thereunder are managed by the AMC in accordance with the Trust Deed, the SEBI MF Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies. ECONOMIC SCENARIO 2017-18 During the year, the impact of demonetization reduced and the initial challenges of GST implementation were largely addressed. The GST council continued to meet at regular intervals for rate adjustments and smoothen some of the compliance requirements. The year was good for the industry as mutual funds as savings were getting channelled by way of flows. The industry’s advertisement campaign launched by AMFI ‘Mutual Fund Sahi hai’ became popular in the country. The industry added to its equity AUM largely through the SIP route. The number of SIP accounts have crossed the 22 million mark and continue to be robust, helping the domestic financial institutions become stronger in the markets. The Union Budget presented for 2018-19 focuses on uplifting the rural economy and strengthening of the agriculture sector, healthcare for the economically less privileged, infrastructure creation and improvement in the quality of education of the country. As per the budget, the government is committed towards doubling the farmers’ income by 2022. The bank recapitalisation plan by Government of India is expected to push credit growth in the country to 15 per cent, according to a report by Ambit Capital.

India has emerged as the fastest growing major economy in the world as per the Central Statistics Organization

(CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of

the world over the next 10-15 years, backed by its strong democracy and partnerships. India’s GDP grew by


6.6 per cent in 2017-18. The global economy is also stabilizing with favourable global trade and financial

conditions. The Government of India, under the Make in India initiative, is trying to give boost to the contribution

made by the manufacturing sector and aims to take it up to 25 per cent of the GDP from the current 17 per cent.

Besides, the Government has also come up with Digital India initiative, which focuses on three core

components: creation of digital infrastructure, delivering services digitally and to increase the digital literacy. In

the long run, these initiatives make financial services easily accessible to people in the country, helping

sustainable growth of the industry. (Source: Union budget document, AMFI, internal research)


FUTURE OUTLOOK AND OPERATIONS The global economy is stabilizing with favourable global trade and financial conditions. Domestically, GST promises to deliver positive outcomes as India becomes a single, more competitive market. The economy is expected to grow over 7% per cent in 2018-19. India's gross domestic product (GDP) is expected to reach US$ 6 trillion by FY27 and achieve upper-middle income status on the back of digitisation, globalisation, favourable demographics and reforms. Macro challenges to the economy could arise by way of high crude prices, higher than target inflation, below normal monsoon etc. The rising NPA levels will have impact on the government finances. Government continues to undertake economic reforms and boost growth and productivity. The Indian mutual fund industry has continued to grow in a robust way, in the last few years. The industry’s AUM has crossed the INR 23 lac crore mark. Flows from the B30 towns have been encouraging. The product categorization and rationalization exercise in the industry, apart from creating a level playing field, will also help investors understand and compare funds of similar type and nature and make an informed decision while investing in mutual funds. The industry continues to be bullish about its growth prospects. For us, B30 cities and towns continue to be a focus area, given the wide presence of BOB’s network in the country Investment in technology and digital tools are an important area as we strive to continuously enhance our processes and deliverables to our clients and distribution partners. Our growth strategy continues to focus on increased retail participation in our equity and fixed income funds. The share of liquid funds in the asset mix has been coming down. The SIP campaigns launched during the last year have seen an upward shift in the average ticket size. The number of bank branches that are witnessing traction for SIPs has also gone up. We expect similar trend to continue in 2018-19, as we enhance our presence in the Bank’s network and reach out to more retail investors. BOB’s investment in people and technology in creating a top wealth management platform will help us in reaching out to more investors. We will continue to engage and grow partnerships with the IFAs, and National Distributors, to create long-term business relationships and create more awareness of our products, performance and services among the investing community. OVERVIEW As on March 31, 2018, the Mutual Fund had 14 open-ended schemes and 1 close-ended scheme. The Average Assets Under Management (“AAUM”) of the Mutual Fund for the year ended March 31, 2018 was Rs. 11,508.40 crores as compared to Rs. 10,486.63 crores of AAUM for the year ended March 31, 2017. Baroda Pioneer Equity Trigger Fund – Series I, close ended equity scheme, matured on December 28, 2017, while two fixed maturity plans viz. Baroda Pioneer Fixed Maturity Plan – Series M and Baroda Pioneer Fixed Maturity Plan – Series N matured on April 10, 2017. SEBI has, vide its circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 as amended by circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017 on rationalization and categorisation of mutual fund schemes, advised mutual funds to categorise its schemes in the prescribed categories in order to bring uniformity in the characteristics of similar type of schemes launched by different mutual funds and to standardize the scheme categories and characteristics of each category.


Accordingly, the open-ended schemes of the Mutual Fund have been categorised in the prescribed categories effective June 6, 2018 as given below :

Sr No

Earlier name and type of scheme

New name and type of scheme, effective June 6, 2018

Investment Objective Name of Fund Manager(s)

1. Baroda Pioneer Growth Fund (an open ended growth scheme)

Baroda Pioneer Multi Cap Fund Multi Cap Fund - An open ended equity scheme investing across large cap, mid-cap and small cap stocks.

The scheme aims to generate long-term capital appreciation from an actively managed portfolio of equity and equity related instruments.

Mr. Sanjay Chawla & Mr. Dipak Acharya

2. Baroda Pioneer ELSS’96 (an open ended tax benefit-cum-growth scheme)

Baroda Pioneer ELSS’96 An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

The scheme aims to provide the investor long-term capital growth as also tax benefit under Section 80C of the Income Tax Act, 1961.


3. Baroda Pioneer Balance Fund (an open ended balanced scheme)

Baroda Pioneer Hybrid Equity Fund An open ended hybrid scheme investing predominantly in equity and equity related instruments.

The scheme is targeted for long-term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, money market instruments and debt securities.


4. Baroda Pioneer Banking and Financial Services Fund (an open ended sectoral scheme)

Baroda Pioneer Banking and Financial Services Fund An open ended equity scheme investing in the Banking and Financial Services sector.

The primary investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

Mr. Dipak Acharya

5. Baroda Pioneer Mid-Cap Fund

(formerly known as

Baroda Pioneer PSU

Equity Fund) (an open ended equity scheme)

Baroda Pioneer Mid-Cap Fund Mid Cap Fund – An open-ended equity scheme pre-dominantly investing in mid cap stocks.

The primary objective of the scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks.


6. Baroda Pioneer Large Cap Fund

(formerly known as

Baroda Pioneer

Infrastructure Fund) (an open ended equity scheme)

Baroda Pioneer Large Cap Fund Large Cap Fund – An open-ended equity scheme pre-dominantly investing in large cap stocks.

The primary investment objective of the scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of large cap companies. The scheme may also invest in debt and money market securities.



Sr No




7. Baroda Pioneer Short Term Bond Fund (an open ended income scheme)

Baroda Pioneer Short Term Bond Fund An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer to pg. no. 30 of SID).

The scheme aims to generate income from a portfolio constituted of short-term debt and money market securities.

Mr. Alok Sahoo & Ms. Hetal Shah

8. Baroda Pioneer Monthly Income Plan (MIP) Fund* (an open ended income scheme with no assured returns) *Monthly income is not assured and is subject to availability of distributable surplus.

Baroda Pioneer Conservative Hybrid Fund An open ended hybrid scheme investing predominantly in debt instruments

The scheme aims to generate regular income through investment in debt and money market instruments and to generate long-term capital appreciation by investing a portion in equity and equity related instruments.

Ms. Hetal Shah

9. Baroda Pioneer Income Fund (an open ended income fund)

Baroda Pioneer Income Fund An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 4 years and 7 years (please refer to page no.32 of the SID)

The scheme aims to generate regular income by investing in a portfolio of good quality fixed income securities by maintaining a balance between risk & return.

Ms. Hetal Shah & Mr. Karn Kumar

10. Baroda Pioneer Treasury Advantage Fund (an open ended debt scheme)

Baroda Pioneer Treasury Advantage Fund An open ended low duration debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 6 months and 12 months (please refer to page no. 32 of the SID).

The scheme aims to provide optimal returns and liquidity through a portfolio comprising of debt and money market instruments.


11. Baroda Pioneer GILT Fund (an open ended gilt scheme)

Baroda Pioneer GILT Fund An open ended debt scheme investing in government securities across maturity.

The scheme aims to generate income by investing in a portfolio of government securities.

Ms. Hetal Shah

12. Baroda Pioneer Liquid Fund (an open ended liquid scheme)

Baroda Pioneer Liquid Fund An open ended liquid scheme

The scheme aims to generate income with a high level of liquidity by investing



Sr No




in a portfolio of money market and debt securities.

13. Baroda Pioneer Dynamic Bond Fund (an open ended income scheme)

Baroda Pioneer Dynamic Bond Fund An open-ended dynamic debt scheme investing across duration.

The scheme aims to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.


14. Baroda Pioneer Credit Opportunities Fund (an open ended debt scheme)

Baroda Pioneer Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds (Excluding AA+ rated corporate bonds)

The primary objective of the scheme is to generate returns by investing in debt and money market instruments across the credit spectrum.

Mr. Alok Sahoo & Mr. Karn Kumar

15. Baroda Pioneer Hybrid Fund – Series I (a close ended hybrid scheme)

Not Applicable The investment objective of the scheme is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments.

Mr. Alok Sahoo (for debt investments) & Mr. Dipak Acharya (for equity investments)

16. Baroda Pioneer Fixed Maturity Plans (a series of close-ended debt schemes) (Matured on April 10, 2017)

Not Applicable The investment objective of each scheme is to generate returns by investing in a portfolio comprising of debt instruments and money market instruments maturing on or before the maturity of the scheme.


17. Baroda Pioneer Equity Trigger Fund – Series I (a close ended equity scheme) (Matured on December 28, 2017 )

Not Applicable The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities predominantly of mid-cap and small cap companies.

Mr. Dipak Acharya


SCHEMES’ PERFORMANCE (as on March 31, 2018) (A) EQUITY SCHEMES: (i) Baroda Pioneer Growth Fund (an open ended growth scheme)

Compounded Annualised Return Plan A Plan B (Direct)

Scheme Return (%)

Benchmark Return*(%)

Scheme Return (%)


1 Year 8.98 12.60 10.11 12.60

3 Years 6.85 9.31 7.70 9.31

5 Years 15.48 15.77 16.42 15.77

Since Inception 16.85 16.40 13.98 13.45

*S&P BSE 200 effective May 2, 2016. Note : “Since Inception” returns are calculated from the date of allotment viz. September 12, 2003 for Plan A and January 1, 2013 for plan B (Direct). As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 12 Sep 2003 to 29 June 2007, and TRI values since 29 June 2007. Mr. Sanjay Chawla is managing the scheme along with Mr. Dipak Acharya effective November 1, 2015. The scheme has underperformed its benchmark index over the one year period due to the scheme’s overweight position in metal, construction and media & entertainment sectors and underweight position in financial services, IT, cement and telecom sectors. (ii) Baroda Pioneer ELSS’96 (an open ended tax benefit-cum-growth scheme)


Scheme Return (%)


Scheme Return (%)


1 Year 8.32 12.60 9.49 12.60

3 Years 6.16 9.31 7.60 9.31

5 Years 15.73 15.77 17.01 15.77

Since Inception 12.74 13.04 14.97 13.39

*S&P BSE 200 effective May 2, 2016. Note : “Since Inception” returns are calculated from the date of allotment viz., March 31, 1996 for Plan A and January 1, 2013 for Plan B. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of the benchmark index Price Return values from 31 Mar 1996 to 29 June 2007, and TRI values since 29 June 2007. Mr. Sanjay Chawla is managing the scheme along with Mr. Dipak Acharya effective November 1, 2015. The scheme has underperformed its benchmark index over one year due to overweight position in metals, financial services, construction and media & entertainment sectors and underweight position in IT and telecom sectors.


(iii) Baroda Pioneer Balance Fund (an open ended balanced scheme)


Scheme Return (%)


Scheme Return (%)


1 Year 9.84 10.05 11.65 10.05

3 Years 7.95 9.12 9.40 9.12

5 Years 13.45 13.48 14.82 13.48

Since Inception 12.39 13.57 13.21 11.96

*CRISIL Hybrid 35+65 -Aggressive Index (renamed effective February 1, 2018) Note: “Since Inception” returns are calculated from the date of allotment viz. September 12, 2003 for Plan A and January 1, 2013 for Plan B (Direct). Effective February 1, 2018, the equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index is total return index in the equity component from August 1, 2016 while the debt component is total return since inception. Price return of S&P BSE 200 (equity component) is used for computing index values prior to August 1, 2016. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. The scheme has underperformed its benchmark index over one year period due to overweight position in metal, financial services, consumer goods, energy and media & entertainment sectors and underweight position in IT, automobiles and cement sectors. (iv) Baroda Pioneer Banking & Financial Services Fund (an open ended sectoral scheme)

Compounded Annualised Return Plan A Plan B

Scheme Return (%)


Scheme Return (%)


1 Year 5.47 14.00 6.26 14.00

3 Years 7.73 10.96 8.58 10.96

5 years 13.36 17.43 14.31 17.43

Since Inception 12.79 17.50 10.82 14.00

*Nifty Bank Index Note: “Since Inception” returns are calculated from the date of allotment, viz. June 22, 2012 for Plan A and January 1, 2013 for Plan B. The scheme has underperformed its benchmark index over one year, three years and five years periods due to underweight position in retail franchisee banks and overweight position in private small banks, mortgage companies and NBFCs. (v) Baroda Pioneer Mid-Cap Fund (formerly known as Baroda Pioneer PSU Equity Fund), (an open ended equity scheme)

Compounded Annualised Return

Plan A Plan B (Direct)

Scheme Return (%)


Scheme Return (%)


1 Year 15.39 14.44 16.41 14.44

3 Years 5.11 16.07 5.94 16.07

5 Years 7.87 22.69 8.67 22.69

Since Inception (0.45) 10.75 5.84 17.86

*S&P BSE Mid-cap index


Note: “Since Inception” returns are calculated from the date of allotment, viz. October 04, 2010 for Plan A and January 1, 2013 for Plan B (Direct). Mr. Sanjay Chawla is managing the scheme with Mr. Dipak Acharya effective October 3, 2016. Effective October 3, 2016, the scheme was converted into Baroda Pioneer Mid-cap Fund and the scheme benchmark index was also changed to S&P BSE Mid-cap index. Until September 30, 2016, the investment universe of the scheme was restricted to Public Sector Undertakings, as per the investment objective of the scheme. The scheme has outperformed its benchmark index over one year period due to overweight position in automobiles, industrial manufacturing and consumer goods sectors and underweight position in energy, financial services, healthcare services and telecom sectors. (vi) Baroda Pioneer Large Cap Fund (formerly known as Baroda Pioneer Infrastructure Fund), (an open ended equity scheme)



Scheme Return (%)


Scheme Return (%)


1 Year 1.80 12.33 2.90 12.33

3 Years 2.43 8.62 3.19 8.62

5 Years 13.40 14.97 14.20 14.97

Since Inception 3.51 10.67 10.29 12.86

*Nifty 100 effective October 1, 2016. Note: “Since Inception” returns are calculated from the date of allotment, viz. June 22, 2010 for Plan A and January 1, 2013 for Plan B (Direct). Mr. Sanjay Chawla is managing the scheme with Mr. Dipak Acharya effective October 3, 2016. Effective October 3, 2016, the scheme was converted into Baroda Pioneer Large Cap Fund and the scheme benchmark index was also changed to Nifty 100. Until September 30, 2016, the scheme was restricted to invest only in sectors related to infrastructure and prohibited from investing in consumer staples, banking, consumer discretionary, pharmaceutical and IT sectors, as per the investment objective of the scheme. The scheme has underperformed its benchmark index over one year period due to overweight position in construction, cement and services sectors and underweight position in energy, financial services, IT, telecom and chemicals sectors. (B) DEBT SCHEMES : (i) Baroda Pioneer Short Term Bond Fund (an open ended income scheme)


Scheme Return (%)

Benchmark Return* (%)

Scheme Return (%)


1 Year 7.00 6.17 7.76 6.17

3 Years 8.38 7.90 9.13 7.90

5 Years 8.56 8.56 9.25 8.56

Since Inception 8.23 8.24 9.23 8.54

*CRISIL Short Term Bond Fund Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. June 30, 2010 for Plan A and January 1, 2013 for Plan B(Direct).


The scheme has outperformed its benchmark index over the one year and three years periods due to its conservative position with regard to duration. The scheme had comparatively lower duration than its benchmark, which resulted in outperformance of the scheme. (ii) Baroda Pioneer Monthly Income Plan (MIP) Fund (an open ended income scheme with no assured returns) (Monthly income is not assured and is subject to availability of distributable surplus)


Scheme Return (%)


Scheme Return (%)


1 Year 5.34 6.26 6.41 6.26

3 Years 6.16 8.42 7.13 8.42

5 Years 8.52 9.79 9.51 9.79


*CRISIL Hybrid 85+15 -Conservative Index (renamed effective February 1, 2018) Note: “Since Inception” returns are calculated from the date of allotment, viz. September 08, 2004 for Plan A and January 1, 2013 for Plan B. Effective February 1, 2018, the equity component of the index has been changed from Nifty 50 to S&P BSE 200. The index is total return index in the equity component from August 1, 2016 while the debt component is total return since inception. Price return of S&P BSE 200 (equity component) is used for computing index values prior to August 1, 2016. The scheme has underperformed its benchmark index since inception and over the one year, three years and five years periods mainly due to its conservative position with regard to equity allocation. The scheme had comparatively lower equity allocation than its benchmark, which resulted in underperformance of the scheme. (iii) Baroda Pioneer Income Fund (an open ended income fund)



Scheme Return (%)


Scheme Return (%)


1 Year 3.12 5.10 3.76 5.10

3 Years 6.20 8.12 6.92 8.12

5 Years 7.47 8.61 8.33 8.61


*CRISIL Composite Bond Fund Index. Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002 for Plan A and January 1, 2013 for Plan B (Direct). Mr. Karn Kumar manages the scheme along with Ms. Hetal Shah since June 6, 2018. The scheme has underperformed its benchmark index since inception, over three years and five years periods mainly due to its conservative position with regard to duration. The scheme had comparatively lower duration than its benchmark, which resulted in underperformance of the scheme. The scheme has underperformed its benchmark index over one year period mainly due to its higher duration than benchmark. (iv) Baroda Pioneer Treasury Advantage Fund (an open ended debt scheme)



Scheme Return (%)


Scheme Return (%)


1 Year 7.31 6.84 7.62 6.84

3 Years 8.48 7.33 8.88 7.33

5 Years 8.83 8.08 9.19 8.08


*CRISIL Liquid Fund Index.


Note: “Since Inception” returns are calculated from the date of allotment, viz. June 24, 2009 for Plan A and January 1, 2013 for Plan B (Direct). The scheme has consistently outperformed its benchmark index since inception and over the one year, three years and five years periods due to active management of duration and credit exposure. (v) Baroda Pioneer GILT Fund (an open ended gilt scheme)


Plan A Plan B

Scheme Return (%)


Scheme Return (%)


1 Year 3.49 5.09 4.36 5.09

3 Years 6.51 8.23 7.32 8.23

5 Years 7.92 8.79 8.87 8.79


*I-Sec Mi-Bex Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 21, 2002 for Plan A and January 1, 2013 for Plan B. The scheme has underperformed its benchmark index since inception, over three years and five years periods mainly due to its conservative position with regard to duration. The scheme had comparatively lower duration than its benchmark, which resulted in underperformance of the scheme. The scheme has underperformed its benchmark index over one year periods mainly due to its higher duration than benchmark. (vi) Baroda Pioneer Liquid Fund (an open ended liquid scheme)

Compounded Annualised Return Plan A Plan B

Scheme Return (%)


Scheme Return (%)


1 Year 6.80 6.84 6.90 6.84

3 Years 7.47 7.33 7.58 7.33

5 Years 8.15 8.08 8.25 8.08


* CRISIL Liquid Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. February 05, 2009 for Plan A and January 1, 2013 for Plan B. The scheme has consistently outperformed its benchmark index since inception and over the one year, three years and five years periods due to active management of average maturity and credit exposure. (vii) Baroda Pioneer Dynamic Bond Fund (an open ended income scheme)


Scheme Return (%)


Scheme Return (%)


1 Year 5.44 5.10 6.00 5.10

3 Years 7.95 8.12 8.60 8.12

5 Years 8.86 8.61 9.76 8.61


* CRISIL Composite Bond Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. July 02, 2012 for Plan A and January 1, 2013 for Plan B.


The scheme has outperformed its benchmark index since inception and over the one year and five year periods due to active management of duration. The scheme has underperformed its benchmark index over the three-year period due to conservative position with regard to duration. (viii) Baroda Pioneer Credit Opportunities Fund (an open ended debt scheme)


Scheme Return (%)


Scheme Return (%)


1 Year 7.60 6.17 8.85 6.17

3 Years 9.60 7.90 10.92 7.90

Since Inception 9.84 7.96 11.15 7.96

* CRISIL Short Term Bond Fund Index Note: “Since Inception” and FY 14-15 returns are calculated from the date of allotment, viz. January 23, 2015. The scheme has been in existence for 3 years but less than 5 years. Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017. The scheme has consistently outperformed its benchmark index since inception and over the one year and three-year periods due to active management of duration and credit exposure. (ix) Baroda Pioneer Hybrid Fund – Series I (a close ended hybrid scheme)


Plan A Plan B

Scheme Return (%)


Scheme Return (%)


1 Year 15.44 8.85 17.05 8.85


* CRISIL MIP Blended Fund Index Note: “Since Inception” returns are calculated from the date of allotment, viz. March 24, 2015. The scheme has underperformed its benchmark index since inception mainly because its gross exposure to equity and equity related instruments is higher than its benchmark index, which resulted in underperformance of the scheme. The scheme has outperformed its benchmark index since one-year period mainly because its gross exposure to equity and equity related instruments is higher than its benchmark index, which resulted in outperformance of the scheme.


Common notes for the scheme performances given above : The “Returns” shown are for the growth option for all schemes except in case of Baroda Pioneer ELSS’96, where the returns are for the dividend option and have been computed assuming that all payouts during the period have been re invested in the units of the scheme at the respective prevailing NAVs. Plan A and Plan B (Direct) have different expense structures. The last working day of March has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of Rs. 10 invested at inception for all schemes except in case of Baroda Pioneer Liquid Fund and Baroda Pioneer Treasury Advantage Fund, which have Rs. 1,000/- as the face value. Effective February 1, 2018, performance of the scheme is benchmarked to the Total Return variant of the benchmark / standard benchmark index (TRI), in case of all equity schemes. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. BASIS AND POLICY OF INVESTMENT UNDERLYING THE SCHEMES The basis and policy of investment underlying the schemes are in line with the investment objective of the respective schemes as mentioned above, and as per the asset allocation pattern and investment strategy detailed in the respective Scheme Information Document (SID) of the schemes. SIGNIFICANT ACCOUNTING POLICIES Accounting policies are in accordance with the SEBI MF Regulations. The significant accounting policies are annexed to the accounts of the scheme(s). UNCLAIMED DIVIDEND & REDEMPTION Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 25, 2016, the unclaimed redemption and dividend amounts have been invested in a separate plan (viz. Plan C) of Baroda Pioneer Liquid Fund, an open ended liquid scheme, floated by the Mutual Fund specifically for deployment of the unclaimed amounts. The AMC does not charge any exit load in this plan and the total expense ratio of the plan is capped at 50 bps. Investors may refer to the website of the AMC (www.barodapioneer.in), which provides information on the names and addresses of investors in whose folios there are unclaimed amounts, subject to verification of prescribed parameters. The process of claiming the unclaimed amount along with the necessary form / documents is also readily available on the website of the AMC. Investors are requested to reconcile their bank account statements with the account statements sent by the Mutual Fund and in case of any non-receipt of dividend/redemption proceeds, investors can approach any of the AMC offices or Investor Service Centres in this regard. The scheme-wise unclaimed dividend and redemption amounts as at March 31, 2018 were as under:

Scheme Name

Unclaimed Dividend Unclaimed Redemption

Amount (Rs.)

No. of investors

Amount (Rs.)

No. of investors

Baroda Pioneer ELSS’96 Fund

10,245,671 2,211 711,245 55

Baroda Pioneer Growth Fund 52,934,454 7,691 5,128,892 156

Baroda Pioneer Balance Fund 91,172 18 98,270 7

Baroda Pioneer Large Cap Fund

20,496 5 134,981 8

Baroda Pioneer Mid-Cap Fund

6,316 4 209,158 13


Scheme Name Unclaimed Dividend Unclaimed Redemption

Amount (Rs.)

No. of investors

Amount (Rs.)

No. of investors

Baroda Pioneer Banking and Financial Services Fund

11,575 1 101,823 4

Baroda Pioneer MIP Fund 2,583 3 50,443 6

Baroda Pioneer Gilt Fund 7,175 8 11,842 5

Baroda Pioneer Income Fund 11,831 8 48,330 9

Baroda Pioneer Treasury Advantage Fund

407 1 2,045 2

Baroda Pioneer Short Term Bond Fund

- - 56,520 3

REDRESSAL OF INVESTOR COMPLAINTS Details of investor complaints received during the financial year ended March 31, 2018 in respect of the Mutual Fund are provided under Annexure – I and forms part of this Trustee Report. DISCLOSURE ON VOTING POLICY AND ACTUAL VOTING RIGHTS EXERCISED BY THE MUTUAL FUND DURING THE FINANCIAL YEAR ENDED MARCH 31, 2018 The Mutual Fund has framed a general voting policy and procedures for exercising the voting rights in respect of shares held by the schemes of the Mutual Fund. The Board of Directors of the Trustee Company has adopted the Voting Policy and the same is enclosed as Annexure – II. Further, in terms of the SEBI circular no. SEBI/ IMD/ CIR No.18/198647/ 2010 dated March 15, 2010 as amended by SEBI circular no. CIR/IMD/DF/05/2014 dated March 24, 2014, details of the actual exercise of the proxy votes in the AGMs/EGMs of the investee companies of the Mutual Fund during the financial year ended March 31, 2018 along with a summary of the votes cast across all the investee companies and its break-up in terms of total number of votes cast in favour, against or abstained from, is annexed as Annexure – III. The unit holders may take note that in terms of the SEBI Circular No. CIR/IMD/DF/05/2014 dated March 24, 2014, M/s. M. P. Chitale & Co., Chartered Accountants, have certified the voting reports being disclosed by the AMC and the certification dated July 6, 2018 issued by M/s. M. P. Chitale & Co., Chartered Accountants, is enclosed as Annexure – IV. The Voting Policy and disclosure of proxy votes are also displayed on the website of the Mutual Fund viz. www.barodapioneer.in REGULATORY UPDATES Following are few important regulatory updates for the financial year ended March 31, 2018:

✓ In order to bring uniformity in the characteristics of similar type of schemes launched by different mutual funds so as to enable investors to take an informed decision to invest in a scheme, SEBI had advised mutual funds to categorise their existing schemes into the prescribed categories. Accordingly, the open ended schemes of the Mutual Fund have been categorised into the prescribed categories effective June 6, 2018.

✓ In order to strengthen the governance structure of mutual funds, SEBI has prescribed maximum tenure for

independent trustees and independent directors of AMC and for the auditors of mutual funds. ✓ To enhance customer satisfaction on complaint redressal, SEBI has prescribed a new process for filing and

redressal of investor grievances using SCORES which would be effective August 1, 2018.

http://www.barodapioneer.in/


STATUTORY INFORMATION

a) The Sponsors are not responsible or liable for any loss resulting from the operation of the schemes of the Mutual Fund beyond their initial contribution (to the extent contributed) of Rs. Ten lacs for setting up the Fund, and such other accretions / additions to the same.

b) The price and redemption value of the units, and income from them, can go up as well as down with fluctuations

in the market value of its underlying investments. c) Full Annual Report is disclosed on the website (www.barodapioneer.in) and shall be available for inspection at

the Head Office of the Mutual Fund. Present and prospective unit holders can obtain a copy of the trust deed and the full Annual Report of the Mutual Fund / AMC upon request.

d) Unit holders are requested to update their e-mail ids and mobile numbers so as to receive communication electronically as part of the “Go Green” initiative of SEBI. ACKNOWLEDGEMENT The Trustee is grateful to the unit holders for reposing faith and confidence in the Mutual Fund and expresses gratitude to the Securities and Exchange Board of India, Association of Mutual Funds in India, Reserve Bank of India, Auditors, Registrars, Custodians, and Bankers for their continued support, advice and co-operation. The Trustee places on record its appreciation for the services rendered by the Directors and staff of the AMC in managing the affairs of the Mutual Fund. For and on behalf of the Board of Directors of Baroda Pioneer Trustee Company Private Ltd. sd/- R. L. Baxi Chairman Place : Mumbai Date : July 19, 2018 Mutual fund investments are subject to market risks, read all scheme related documents carefully. Disclaimer for Nifty Bank Index and Nifty 100 : Baroda Pioneer Large Cap Fund and Baroda Pioneer Banking and Financial Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty 100 and Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

http://www.barodapioneer.in/

ANNEXURE – I

INVESTOR COMPLAINTS DURING FY 2017-18

Redressal of Complaints received during

2017-2018

Name of the Mutual Fund Baroda Pioneer Mutual Fund

Total Number of Folios 360,734

Complaint code

Type of complaint# (a) No. of complaints pending at

the beginning of the year

(b) No of complaints

received during the

year

Action on (a) and (b)

Resolved Non Actionable*

Pending

Within 30 days

30-60 days

60-180

days

Beyond 180

days

0-3 months

3-6 months

6-9 months

9-12 months

I A Non receipt of Dividend on Units

-

7

7

-

-

-

-

-

-

-

-

I B Interest on delayed payment of Dividend

-

-

-

-

-

-

-

-

-

-

-

I C Non receipt of Redemption Proceeds

-

16

16

-

-

-

-

-

-

-

-

I D Interest on delayed payment of Redemption

-

2

2

-

-

-

-

-

-

-

-

II A Non receipt of Statement of Account/Unit Certificate

-

-

-

-

-

-

-

-

-

-

-

II B Discrepancy in Statement of Account

-

26

26

-

-

-

-

-

-

-

-

II C Data corrections in Investor details

-

80

79

1

-

-

-

-

-

-

-

II D Non receipt of Annual Report/Abridged Summary

-

-

-

-

-

-

-

-

-

-

-

Redressal of Complaints received during

2017-2018

Name of the Mutual Fund Baroda Pioneer Mutual Fund

Total Number of Folios 360,734

Complaint code

Type of complaint# (a) No. of complaints pending at

the beginning of the year

(b) No of complaints

received during the

year

Action on (a) and (b)

Resolved Non Actionable*

Pending

Within 30 days

30-60 days

60-180

days

Beyond 180

days

0-3 months

3-6 months

6-9 months

9-12 months

III A Wrong switch between Schemes

-

8

8

-

-

-

-

-

-

-

-

III B Unauthorized switch between Schemes

-

-

-

-

-

-

-

-

-

-

III C Deviation from Scheme attributes

-

-

-

-

-

-

-

-

-

III D Wrong or excess charges/load

-

-

-

-

-

-

-

-

-

III E Non updation of changes viz. address, PAN, bank details, nomination, etc

-

2

2

-

-

-

-

-

-

-

-

IV Others ** -

4

4

-

-

-

-

-

-

V SIP / SWP / STP Related Queries

-

27

27

-

-

-

-

-

-

-

-

TOTAL -

172

171

1

-

-

-

-

-

-

-

# including against its authorized persons/ distributors/ employees. etc. *Non actionable means the complaint that are incomplete / outside the scope of the mutual fund ** Additional complaint category since complaints exceed 10% of overall complaints.

ANNEXURE - II

PROXY VOTING POLICY

1. Overview As per the SEBI circular, SEBI/IMD/CIR No.18/198647/2010, dated March 15, 2010, on the role of mutual funds in the Corporate Governance of listed companies, AMCs shall disclose their general policies and procedures for exercising the voting rights in respect of shares held by them on their website as well as in the annual report distributed to the unit holders under the schemes of the mutual fund run by them. Further, AMCs are also required to disclose on their website as well as in the annual report distributed to the unit holders under the schemes of the mutual fund run by them, the actual exercise of their proxy votes in the Annual General Meetings (“AGM”) / Extraordinary General Meetings (“EGM”) of the investee companies in respect of the following matters:

Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions.

Changes to capital structure, including increases and decreases of capital and preferred stock issuances.

Stock option plans and other management compensation issues;

Social and corporate responsibility issues.

Appointment and Removal of Directors. Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular. This Policy has been drafted keeping in mind the aforesaid SEBI guidelines and also guiding principles from the corresponding policy of Pioneer Global Asset Management SpA (“Pioneer”). Accordingly, Baroda Pioneer Asset Management Company Limited (“AMC”) owes each of its client’s duties of care and loyalty with respect to proxy voting. The AMC’s sole concern in voting, either at annual or extraordinary general meetings, is the promotion of investors’ best interest aimed to increase f their portfolio value.

To satisfy its duty of loyalty, the AMC must, in all instances, cast the proxy votes in a manner consistent with the best interest of its investors and must place the investor’s interests ahead of its own, bearing in mind, where applicable, the objectives and strategies of the schemes of Baroda Pioneer Mutual Fund (“Fund”). Special consideration should be given to issues relating to Ethic Funds. It is advisable to vote all proxies presented in a timely manner.

This Policy is designed to complement the AMC’s investment policies and procedures regarding its general responsibility to monitor the performance and/or corporate events of companies that are issuers of securities held in schemes managed by the AMC. This Policy summarizes the AMC’s position on a number of issues solicited by underlying held companies. The indications given in Annex A (Administrative) are best practice principles that provide a general non-binding indication on how to achieve the best interests of investors, but do not include all potential voting scenarios.

The overall system of global compliance policies doesn’t create any legal obligation towards the AMC, which remains autonomous and exercises voting rights at its discretion.

This Policy has been drafted interpreting the spirit of the corresponding Pioneer guidelines which detail monitoring of voting, exception votes, and review of conflicts of interest and ensure that case-by-case votes are handled within the best interest of investors.

2. Proxy Voting Policies The foremost concern of the AMC in voting proxies is the economic effect of the proposal on the value of portfolio holdings, considering both the short and long term impact. To this end, the consistency of the vote shall be also evaluated on the basis of a cost-benefit analysis, duly

considering the economic costs that the voting procedure generates against its marginal weight on the overall vote. Should the analysis outline a negative cost-benefit ratio, a non-voting decision could be considered, duly supported by explanatory documentation. In many instances, the AMC believes that supporting the company’s strategy and voting “for” management proposals help build portfolio value. In other cases, however, proposals set forth by the management may have a negative effect on that value, while some shareholder proposals may hold the best prospects for enhancing it. The AMC will monitor developments in the proxy voting arena and will revise this policy as and when needed. The AMC will try to actively participate and vote, directly or through proxy voting services, all proxies in all managed funds, at least for all publicly traded companies. The Board of Trustees of the Fund has authorised the AMC to participate and exercise voting rights in respect of shares held by the schemes of the Fund. The AMC may appoint any of its senior executives or any other person or company or entities to exercise voting rights in respect of the shares held by the schemes of the Fund, as per the instructions issued by the AMC. The AMC may, as mentioned earlier, also use the services of a proxy voting services agency to exercise voting rights, on such terms and conditions as the Proxy voting co-ordination group deems fit and in terms of all applicable guidelines and/or dictates of SEBI in this behalf. To this end, the AMC has established Proxy voting procedures for identifying and reviewing conflicts of interest that may arise in the voting of proxies. 3. The Impact of the United Nations Principles for Responsible Investment (UNPRI) In 2009 Pioneer Global Asset Management SpA (“Pioneer”) became signatories of the United Nations Principles for Responsible Investment (PRI). These principles are a voluntary framework for incorporating environmental, social and governance (ESG) issues into mainstream investment decision-making and ownership practices. They are not prescriptive but instead provide possible actions that investors can take. Pioneer believes that introducing environmental, social and corporate governance considerations in its business decisions is essential in order to create value for its shareholders and to develope a more sustainable long term strategy for its portfolio companies. To this purpose, Pioneer has introduced a new annex (Annex B) in their Proxy Voting Policy, developed in order to render Pioneer’s voting strategy more closed to the principles agreed. The voting indications contained in Annex B are based, as always, on the best market practices and they are not intended to bind the AMC. 4. General Guiding Principles for Exercise of Votes In deciding whether to vote for or against a proposal or to abstain from voting on the proposal, the AMC will be guided by the following fundamental principles. Where the information that the AMC has or is able to gather on the proposal is insufficient and/or not meaningful enough to arrive at a decision, the AMC will abstain from voting on that proposal. Where the AMC has adequate and meaningful information regarding a proposal that, the AMC believes, would stand the test of being regarded as adequate and meaningful for an entity not associated with the company concerned to arrive at a decision, the AMC will exercise its vote on such proposal. Such vote may be for or against the proposal, and this decision will be guided by the facts of the proposal, in particular, the reason(s), explicit or otherwise, necessitating the proposal, as is/are available to the AMC, and the consequences that the AMC believes the implementation of the proposal will have from the perspective of impact on the schemes and, therefore, unit holders of the Fund. 5. Proxy Voting Procedures 5.1 Proxy Voting Service The AMC may engage, through specific written agreements, independent proxy voting services to assist in the voting of proxies. The proxy voting service will work with custodians to ensure that

all proxy materials are received by the custodians and are processed in a timely manner. Proxy voting services must vote all proxies in accordance with the proxy voting policies established by the AMC. Proxy voting services will refer proxy questions to the Proxy Coordinator, nominated among the members of the AMC’s Proxy Voting Oversight Group, for instructions under circumstances where: (1) the application of the proxy voting guidelines is unclear; (2) a particular proxy question is not covered by the guidelines; or (3) the guidelines call for specific instructions on a case-by-case basis. Proxy voting services are also requested to call to the Proxy Coordinator's attention specific proxy questions that, while governed by a guideline, appear to involve unusual or controversial issues. 5.2 Strategic Companies Also for Companies where Pioneer’s funds have a ‘strategic’ interest, the AMC, where not in contrast with the provisions on conflict of interests, could apply its standard Proxy Voting Policies, making use, where possible, of automatic systems provided by third parties (independent Proxy Voting Services), to the extent applicable. The list of Companies where Pioneer funds have a ‘strategic’ interest will be agreed between Pioneer CIO and Pioneer Global Compliance and will be delivered quarterly by Pioneer’s Global Compliance to the Compliance Officer of the AMC, who in turn will inform, the Proxy Voting Oversight Group. Such list will also be delivered quarterly to the Independent Directors during the meetings, to be held every three months, reporting on the Investment activities (and on potential Conflict of Interest situations), to the extent applicable to and relevant in India. In particular, the following Annual General Meetings (“AGM”) Policy for Strategic Companies shall be complied with, to the extent applicable:

to abstain from voting for the Companies controlled directly and indirectly by UniCredit;

for the other strategic Companies – participated by UniCredit or participating in UniCredit capital to vote via independent Proxy Voting Services, if available, according to PGAM proxy voting policy without any pre-notification. The details of the strategic companies’ AGM are then reported to the Independent Directors on a quarterly basis during their meeting;

for all AGMs to which Pioneer participates trough Assogestioni’s initiatives (only for the agenda items related to the appointments of the members of the Board of Directors and internal statutory Auditors), to report to the Independent Directors on a quarterly basis during their meeting, without any pre-notification. However Investments consults with the Global CIO as a member of the Assogestioni Corporate Governance Committee. In particular cases, due the sensitivity of the Strategic Companies and the agenda items, Investments may consult with the Global CIO and PGAM Compliance Officer in advance;

for all the other companies (non-strategic) to vote according to the Policy and through independent Proxy Voting Services, if available.

5.3 Proxy Voting Oversight Group The members of the Proxy Voting Oversight Group are to be decided by the Board of the AMC, but will include members from the Investment/Fund Management team, the Head of Operations (COO) and the Compliance Officer (CO). Any other members of Pioneer may be invited to attend meetings and otherwise participate as necessary. The Proxy Voting Oversight Group is responsible for developing, evaluating, and changing (when necessary) the Proxy Voting Policies and Procedures. The group shall meet at least annually to evaluate and review policies and procedures and the services of third-party proxy voting services. In addition, the Proxy Voting Oversight Group will meet as necessary to vote on referral items and address other business as necessary.

5.4 Proxy Coordinator Proxy Coordinator, as already said, will be nominated among the members of the Proxy Voting Oversight Group. The Proxy Coordinator will oversee the activities of the Proxy Voting Oversight Group. This group will be composed of members of the Investment team and the CO, as described in the dedicated chapter, and will be headed, in its works, by the COO. The Proxy Coordinator is responsible for ensuring that these questions and referrals are responded to in a timely fashion and for transmitting appropriate voting instructions to the proxy voting service. 5.5 Referral Items From time to time, the proxy voting service will refer such proxy questions to the Proxy Coordinator as are described by the AMC’s policy to be voted on a case-by-case basis, and are not covered by the AMC’s guidelines or where the guidelines may be unclear with respect to the matter to be voted on. Under such certain circumstances, the Proxy Coordinator will seek a written voting recommendation from the relevant analyst(s) or Fund Manager(s). Any such recommendation will include:

(i) the manner in which the proxies should be voted; (ii) the rationale underlying any such decision; and (iii) the disclosure of any contacts or communications made between Pioneer and any

outside parties concerning the proxy proposal prior to the time that the voting instructions are provided.

In addition, the Proxy Coordinator will ask the Compliance Department to review the question for any actual or apparent conflict of interest as described below under “Conflicts of Interest”. The Compliance Department will provide a “Conflicts of Interest Report,” applying the criteria set forth below under “Conflicts of Interest,” to the Proxy Coordinator summarizing the results of its review. In the absence of a conflict of interest, the Proxy Coordinator will vote in accordance with the recommendation of the Investment Operations/Investment Control department. If the matter presents a conflict of interest for Pioneer, then the Proxy Coordinator will refer the matter to the Proxy Voting Oversight Group for a decision and the Independent Directors, possibly before the decision is taken. In general, when a conflict of interest is present, the AMC will vote according to the recommendation of the Investment team (only where such recommendation would go against the AMC’s interest or where the conflict is deemed to be immaterial). The AMC, after transiting such decision through the Oversight Group, will vote, keeping in mind the recommendations of its proxy voting service when the conflict is deemed to be material and the AMC’s internal vote recommendation would favour the AMC’s interest. When making the final determination as to how to vote a proxy, the Proxy Voting Oversight Group should review the report from the Investment team and the Conflicts of Interest Report issued by the Compliance Department. 5.6 Conflicts of Interest A conflict of interest occurs when the interest of the AMC or any other UniCredit Group affiliated Company interferes with the investor’s interest. In fact, occasionally, the AMC may have a conflict that can affect how it votes proxies. The conflict may be actual or perceived and may exist when the matter to be voted on concerns:

An affiliate of the AMC such as another company belonging to the UniCredit Spa banking group or a group company of Bank of Baroda;

An issuer of a security for which Bank of Baroda, Pioneer or any UCI affiliated Company acts as a sponsor, advisor, manager, custodian, distributor, underwriter, broker, or other similar capacity (including those securities declared in a conflict of interest by the special task force composed of the MD, Investments team (CIO, when hired) and CO – please refer to Conflicts of Interest guidelines);

A person with whom the AMC (or any affiliate) has an existing, material contract or business relationship that was not entered into in the ordinary course of the AMC’s business.

The AMC will abstain from exercising voting rights when participating in general meetings of companies directly or indirectly owned by UniCredit Group. In any case the AMC’s personnel (and/or proxy voting services) will have to inform the CO or delegate Compliance in advance and the Independent Directors in case of participation in these general meetings. Any associate involved in the proxy voting process with knowledge of any apparent or actual conflict of interest must disclose such conflict to the Proxy Coordinator and the Compliance Department. The Compliance Department will review each item referred to the AMC to determine whether an actual or potential conflict of interest with the AMC exists in connection with the proposal(s) to be voted upon. For each referral item, the determination regarding the presence or absence of any actual or potential conflict of interest will be documented in a Conflicts of Interest Report to the Proxy Coordinator. 5.7 Securities Lending The AMC shall reserve voting rights and all lent securities, if any, shall be made available to be voted. The Proxy Coordinator will work with the Fund Manager and Investment team to recall the securities. It is excluded that voting rights will be impaired by any security lending program in place affecting the relevant securities, unless the economic costs that the recall procedure generates impair the best interests of the clients/subscribers. 5.8 Share Blocking – Does not, for the time being, apply in India. 5.9 Record Keeping The Proxy Coordinator shall ensure that the AMC’s proxy voting service and also its delegated entities:

Retain a copy of the proxy statement received (if any);

Retain a record of the vote cast;

Prepare any other form as may be required by the local laws or regulations, and

Is able to promptly provide the AMC with a copy of the voting record upon its request. The Proxy Coordinator shall ensure that for those votes that may require additional documentation (i.e. conflicts of interest, exception votes and case-by-case votes) the following records are maintained:

A record memorializing the basis for each referral vote cast;

A copy of any document created by the AMC that was material in making the decision on how to vote the subject proxy; and

A copy of any conflict notice, conflict consent or any other written communication (including emails or other electronic communications) to or from the client regarding the subject proxy vote cast by, or the vote recommendation of the AMC.

The AMC shall maintain the above records in the client’s file for a period not less than ten (10) years. 5.10 Disclosure The AMCs will disclose on its website as well as in the annual report distributed to the unit holders under the schemes of the Fund, the actual exercise of their proxy votes in the AGMs / EGMs of the investee companies. The formats are given in Annex C.

Annex A – Administrative The matters on which, at an AGM / EGM, voting rights may be exercised in respect of shares held by the schemes of the Fund shall include, but may not necessarily be limited to the following:

Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions;

Changes to capital structure, including increases and decreases of capital and preferred stock issuances;

Stock option plans and other management compensation issues;

Social and corporate responsibility issues;

Appointment and Removal of Directors;

Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular;

In addition, it is advisable to generally support, subject to the General Guiding Principles for Exercise of Votes, the following and similar other management proposals, as applicable : • Corporate name change. • Change of corporate headquarters. • Stock exchange listing. • Adjournment or postponement of AGM. • Acceptance / approval of financial statements. • Approval of dividend payments, dividend reinvestment plans and other dividend-related

proposals. • Approval of minutes and other formalities. • Authorization of the transferring of reserves and allocation of income. • Approval of accounting method changes or change in fiscal year-end. • Acceptance of labour agreements. • Appointment of internal auditors. It is advisable to vote on a case-by-case basis on other routine business in accordance with the best practices and also the General Guiding Principles for Exercise of Votes, in order to achieve the best interest of the unit holders of the schemes of the Fund. The AMC may also instruct its custodian and / or proxy voting service, if any, to inform the AMC of its analysis of any administrative items inconsistent, in its view, with supporting the value of the portfolio holdings in the schemes of the Fund so that the AMC may consider and vote on those items on a case-by-case basis. The following sections list some of the areas where companies seek share holders’ votes and the general approach of the AMC in exercising votes on proposals in those areas, and as mentioned earlier, in exercising votes or abstaining from doing so, the AMC will be guided by the General Guiding Principles for Exercise of Votes. 1. Auditors In accordance with the best practices and in order to achieve the best interest of investors, it is advisable to normally vote for proposals in respect of the following, to the extent applicable as per the extant law in India: Ratify the auditors – The AMC will consider voting against the ratification, if the AMC is

concerned about the auditors’ independence or their past work for the company concerned. Specifically, it is advisable to oppose the ratification of auditors and withhold votes from audit committee members, if non-audit fees paid by the company to the auditing firm exceed the sum of audit fees plus audit-related fees plus permissible tax fees.

Restore shareholder rights to ratify the auditors. Prohibit auditors from engaging in non-audit services for the company. It is advisable to also, to the extent applicable as per the extant law in India, normally oppose proposals that require companies to: • Seek bids from other auditors. • Rotate auditing firms only for opportunistic reasons and / or for convenience. • Indemnify auditors.

2. Board of Directors On issues related to the board of directors of companies, it is advisable to normally support the management. It is advisable to, however, consider a vote against the management in instances where corporate performance has been very poor or where the board appears to lack independence. 2.1 General Board Issues In accordance with the best practices and in order to achieve the best interest of investors and to the extent applicable as per the extant law in India it is advisable to vote for the following: Audit, compensation and nominating committees composed by a large majority of

independent directors. Indemnification for directors for actions taken in good faith in accordance with the business

judgment rule. It is advisable to vote against proposals for broader indemnification. Changes in board size that appear to have a legitimate business purpose and are not

primarily for anti-takeover reasons. Election of an honorary director. It is advisable to vote against the following, to the extent applicable: Minimum stock ownership by directors. Term limits for directors. Companies benefit from experienced directors and shareholder

control is better achieved through annual votes. Requirements for union or special interest representation on the board. Requirements to provide two candidates for each board seat. It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable in accordance with the extant law in India: • Separate chairman and CEO positions. It is advisable to vote with shareholders on these issues in case of poor performance. 2.2 Election of Directors In uncontested elections of directors, it is advisable to vote against the following: • Individual directors with absenteeism above 25% without a valid reason. It is advisable to support proposals that require disclosure of director attendance. • Insider / Associate directors and affiliated outsiders who sit on the audit, compensation, stock option or nominating committees, as applicable. For the purposes of this policy, the definition of Insider / Associate directors, as provided in the extant laws and regulations applicable in India or as provided by the custodian and / or proxy voting services, if any, shall be acceptable. It is advisable to consider voting against: • Directors who have failed to act on a takeover offer where the majority of shareholders have tendered their shares. • Directors who appear to lack independence or are associated with very poor corporate performance. It is advisable to consider voting, on a case-by-case basis, on the following issues: • Re-election of Directors who have implemented or renewed a dead-hand or modified dead-hand poison pill (a “dead-hand poison pill” is a shareholder rights plan that may be altered only by incumbent or “dead “ directors. These plans prevent a potential acquirer from disabling a poison pill by obtaining control of the board through a proxy vote). • Contested election of directors. • Supporting the election of a majority of independent directors in case of poor performances. • Mandatory retirement policies. • Directors who have ignored a shareholder proposal that has been approved by shareholders for two consecutive years.

2.3 Takeover Related Measures The AMC is generally opposed to proposals that may discourage takeover attempts. The AMC believes that the potential for a takeover helps ensure that corporate performance remains high. It is advisable to vote for the following, to the extent applicable: • Cumulative voting. • Increased ability for shareholders to call special meetings. • Increased ability for shareholders to act by written consent. • Restrictions on the ability to make greenmail payments. • Submitting rights plans to shareholder vote. • Rescinding shareholder rights plans (“poison pills”). • Opting out of the following stake takeover statutes, to the extent and if applicable as per the extant law in India:

Control share acquisition statutes, which deny large holders voting rights on holdings over a specified threshold.

Control share cash-out provisions, which require large holders to acquire shares from other holders.

Freeze-out provisions, which impose a waiting period on large holders before they can attempt to gain control.

Stakeholder laws, which permit directors to consider interests of non-shareholder constituencies.

Disgorgement provisions, which require acquirers to disgorge profits on purchases made before gaining control.

Fair price provisions. Labour protection provisions. Authorization of shareholder rights plans. Mandatory classified boards.

It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India: Fair price provisions. It is advisable to vote against provisions requiring any form of

supermajority votes to approve takeovers. It is also advisable to also consider voting against proposals that require any super qualified majority votes to repeal or amend the provision. Finally, the AMC will consider the mechanism used to determine the fair price; the AMC is generally opposed to complicated formulas or requirements to pay a premium.

Opting out of stake takeover statutes regarding fair price provisions. It is advisable to use the criteria used for fair price provisions in general to determine its vote on this issue.

Proposals that allow shareholders to nominate directors.

It is advisable to consider voting against the following, to the extent applicable as per the extant law in India: Classified boards. Limiting shareholder ability to remove or appoint directors. It is advisable to support

proposals to restore shareholder authority in this area. It is advisable to review, on a case-by-case basis, proposals which authorize the board to make interim appointments.

Classes of shares with unequal voting rights. Super qualified majority vote requirements. Severance packages. It is advisable to support proposals to put these packages to

shareholder vote. Reimbursement of dissident proxy solicitation expenses. While the AMC will ordinarily

support measures that encourage takeover bids, the AMC believes that the management should have full control over corporate funds.

Extension of advance notice requirements for shareholder proposals. Granting board authority normally retained by shareholders. Plans for rights issues/ Shareholder rights plans (“poison pills”) – These plans generally allow

shareholders to buy additional shares at a below-market price in the event of a change in control and may deter some bids.

3. Capital Structure Managements need considerable flexibility in determining the company’s financial structure, and the AMC normally supports managements’ proposals in this area. It is advisable to, however, reject proposals that impose high barriers to potential takeovers. It is advisable to consider voting for the following, to the extent applicable as per the extant law in India:

Changes in par value. Reverse splits (Reduction in authorised share capital), if accompanied by a reduction in

number of shares. Shares repurchase / buy-back programs, if all shareholders may participate on equal

terms. Bond / Debenture issuance. Cancellation of company treasury shares. Increases in "ordinary" preference shares. Proposals to have blank-check common stock placements (other than shares issued in

the normal course of business) submitted for shareholder approval. It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India:

Reverse splits (Reduction in authorised share capital) which is not accompanied by a reduction in the number of shares, considering the risk of delisting.

Increase in authorized share capital. It is advisable to make a determination considering, among other factors: Number of shares currently available for issuance;

Size of requested increase (It is advisable to approve increases of up to 100% of current authorization); Proposed use of the additional shares; and Potential consequences of a failure to increase the number of shares outstanding

(e.g., delisting or bankruptcy). Blank-check preferred. It is advisable to normally oppose issuance of a new class of

blank-check preferred, but may approve an increase in a class already outstanding if the company has demonstrated that it uses this flexibility appropriately.

Proposals to submit private placements to shareholder vote. Other financing plans.

It is advisable to vote against pre-emptive rights that it believes will limit a company’s financing flexibility. 4. Compensation It is advisable to support compensation plans that link pay to shareholder returns, and believes that the management has the best understanding of the level of compensation needed to attract and retain qualified people. At the same time, stock-related compensation plans have a significant economic impact and a direct effect on the balance sheet. Therefore, while the AMC does not want to micromanage a company’s compensation program, it will place limits on the potential dilution these plans may impose. It is advisable to vote for the following, to the extent applicable as per the extant law in India:

Voluntary contribution pension plans. Employee Stock Options (ESOPs), as long as the shares allocated to ESOPs are less

than 5% of the outstanding shares. Larger blocks of stock in ESOPs can serve as a takeover defence. It is advisable to support proposals to submit ESOPs to shareholder vote.

Various issues related to the specific provisions of law, including: o Amendments to performance plans; o Caps on annual grants or amendments of administrative features; o Adding performance goals; and o Cash or cash-and-stock bonus plans.

Establishing a process to link pay, including stock-option grants, to performance, leaving the specifics of implementation to the company concerned.

Requiring that option re-pricing be submitted to shareholders. Requiring the expensing of stock-option awards. Requiring reporting of executive retirement benefits (e.g. deferred compensation, split-

dollar life insurance, pension benefits and others as may be referred by law). ESOPs, where the purchase price is equal to at least 85% of the market price, where the

offering period is no greater than 27 months and where potential dilution (as defined below) is no greater than 10%.

Stock options plans or any plan linked to share distribution if short period performances and / or holdings are not particularly rewarded.

It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India: It is advisable to be in favor of proposals that increase participation beyond executives.. All other employee stock purchase plans. All other compensation-related proposals, including deferred compensation plans,

employment agreements, loan guarantee programs and retirement plans. All other proposals regarding stock compensation plans, including extending the life of a plan,

changing vesting restrictions, re-pricing options, lengthening exercise periods or accelerating distribution of awards and pyramiding and cashless exercise programs.

Limits on executive and director pay. Stock in lieu of cash compensation for directors. Pension for non-employee directors (The AMC believes that these retirement plans reduce

directors’ objectivity). Elimination of stock option plans. It is advisable to vote on a case-by-case basis with reference to executive and director stock-related compensation plans: generally supporting proposals asking companies to adopt rigorous vesting provisions for

stock option plans such as those that vest incrementally over, at least, a three- or four-year period with a pro rata portion of the shares becoming exercisable on an annual basis following grant date.

strongly supporting proposals asking companies to disclose their window period policies for stock transactions. Window period policies ensure that employees do not exercise options based on insider information contemporaneous with quarterly earnings releases and other material corporate announcements.

generally supporting proposals asking companies to adopt stock holding periods for their executives.

generally in favor of proposals that increase participation beyond executives. Please also consider the following factors when reviewing these plans: The program must be of a reasonable size. Please consider the approval of plans where the

combined employee and director plans together would generate less than 15% dilution. Please consider the rejection of plans with 15% or more potential dilution.

Dilution = (A + B + C) / (A + B + C + D), where A = Shares reserved for plan/amendment, B = Shares available under continuing plans, C = Shares granted but unexercised and D = Shares outstanding.

The plan should not explicitly permit unlimited option re-pricing authority or that have re-priced in the past without shareholder approval.

5. Corporate Governance It is advisable to vote for the following, to the extent applicable as per the extant law in India: Confidential Voting. Equal access provisions, which allow shareholders to contribute their opinion to proxy

materials.

Proposals requiring Directors to disclose their ownership of corporate securities. It is advisable to vote on a case-by-case basis on the following issues, to the extent applicable as per the extant law in India::

Change in the state of incorporation. It is advisable to support re-incorporations supported by valid business reasons. It is advisable to oppose those that appear to be solely for the purpose of strengthening takeover defenses.

Bundled proposals. It is advisable to evaluate the overall impact of the proposal. Adopting of or amending the memorandum and / or articles of association. Shareholder appraisal rights, which allow shareholders to demand judicial review of an

acquisition price. It is advisable to consider voting against: Shareholder advisory committees. While the management should solicit shareholder input,

the AMC prefers to leave the method of doing so to the discretion of the management. Limitations on stock ownership or voting rights. Reduction in share ownership disclosure guidelines. 6. Mergers and Restructuring It is advisable to vote on the following and similar issues on a case-by-case basis, to the extent applicable: Mergers and acquisitions. Corporate restructuring, including spin-off (where a company "splits off" sections of itself as

a separate business), liquidation, asset sale, joint venture, conversion to holding company and conversions to self-managed REIT structure.

Debt restructuring. Conversion of securities. Issuance of shares to facilitate a merger. Private placements, warrants, convertible debentures. Proposals requiring management to inform shareholders of merger opportunities.

It is advisable to normally vote against shareholder proposals requiring that the company be put up for sale. 7. Mutual Funds Some of the schemes of the Fund may invest in the shares of mutual funds or exchange traded funds. The non-corporate structure of these investments raises several unique proxy voting issues. Therefore, It is advisable to vote for the following, to the extent applicable: • Establishment of new classes or series of shares. • Establishment of a master-feeder structure. It is advisable to vote for the following, to the extent applicable, on a case-by-case basis: • Changes in fundamental attributes, such as investment objective, asset allocation pattern, liquidity provisions, listing, increase in fees and expenses etc. and / or any other matter that may adversely affect the interests of unit holders of the scheme concerned. • Approval of new or amended advisory contracts. • Change from a close-end to an open-end scheme. • Disposition of assets, termination, liquidation, winding up of scheme etc. 8. Investments in Group Companies of the AMC and Companies that have

Subscribed to the Units of the Schemes of the Fund Investment by the schemes of the Fund in the group companies of the AMC as well as in companies that have subscribed to the units of the schemes of the Fund will be strictly in compliance of the requirements of the SEBI (Mutual Funds) Regulations, 1996, as amended from time to time. The AMC will adopt the same governance measures in respect of voting on proposals of such companies as it follows in respect of proposals of other companies which are

not associated, in any manner whatsoever, with the AMC. The AMC will ensure, while voting on proposals of such companies, that it makes the best efforts to avoid any situation of conflict of interest, and in the event of encountering a situation of conflict of interest, the AMC will ensure that it is resolved in the best interest of the unit holders of the schemes of the Fund. The AMC will also be guided by its Conflicts of Interest Policy in managing and resolving such situations; provided, however, that the resolution will always be in the best interest of the unit holders of the schemes of the Fund.

Annex B – Social and Environmental Issues It is advisable to support shareholders’ social, workforce and environmental proposals that create good corporate citizens and improve the company’s public image. It is advisable to abstain on proposals calling for greater disclosure of corporate activities with regard to social issues. “Social issues” may generally be described as shareholders’ proposals for a company to:

o Conduct studies regarding certain issues of public concern and interests; o Study the feasibility of the company taking certain actions with regard to such

issues or o Take specific actions, including ceasing certain behavior and adopting company

standards and principles in relation to issues of public concern and interest It is advisable to vote against proposals calling for radical and drastic changes in the company’s business or activity. Please also consider voting against proposals with regard to contributions, believing that management should control the routine disbursement of funds. It is advisable to vote for:

Board Diversity: proposals asking the board to take additional measures to ensure that more women and minorities are considered for nomination, or otherwise commit to a policy of board inclusiveness;

Equal employment opportunities;

Human Rights: proposals asking companies to adopt codes of conduct addressing global labor and human rights practices, to establish credible monitoring programs and to publicly report on these efforts;

Tobacco Sales restrictions on children;

Investing in clean / renewable energy: proposals seeking the preparation of a report on a company‘s activities related the development of renewable energy sources;

Specific social and environmental proposals – Voting suggestions (To the extent applicable in India)

AGENDA ITEM

POLICY PROVISION POLICY POSITION VOTE INDICATIONS

Diversity and Equality

Add Women and Minorities to Board

Vote for shareholder proposals that ask the company to take steps to nominate more women and racial minorities to the board.

VOTE FOR

Vote for shareholder proposals asking for reports on board diversity.

VOTE FOR


AGENDA ITEM


Vote for shareholder proposals asking companies to adopt nomination charters or amend existing charters to include reasonable language addressing diversity.

VOTE FOR

Report on the Distribution of Stock Options by Gender and Race

Vote case by case shareholder proposals asking companies to report on the distribution of stock options by race and gender of the recipient.

REFER

Prepare Report/Promote EEOC-Related Activities

Vote for shareholder proposals that ask the company to report on its diversity and/or affirmative action programs.

VOTE FOR

Vote for shareholder proposals calling for legal and regulatory compliance and public reporting related to non-discrimination, affirmative action, workplace health and safety, and labour policies and practices that effect long-term corporate performance.

VOTE FOR

Vote for shareholder proposals requesting non-discrimination in salary, wages and all benefits.

VOTE FOR

Vote for shareholder proposals calling for action on equal employment opportunity and antidiscrimination.

VOTE FOR

Report on Progress Toward Glass Ceiling Commission Recommendations

Vote for shareholder proposals that ask the company to report on its progress against the Glass Ceiling Commission‘s recommendations.

VOTE FOR

Vote for shareholder proposals seeking to eliminate the "glass ceiling" for women and minority employees.

VOTE FOR

Prohibit Discrimination on the Basis of Sexual Orientation or Gender Identity

Vote for shareholder proposals to include language in EEO statements specifically barring discrimination on the basis of sexual

VOTE FOR


AGENDA ITEM


orientation or gender identity.

Vote for shareholder proposals seeking reports on a company‘s initiatives to create a workplace free of discrimination on the basis of sexual orientation or gender identity.

VOTE FOR

Vote against shareholder proposals that seek to eliminate protection already afforded to gay and lesbian employees.

VOTE AGAINST

Report on/Eliminate Use of Racial Stereotypes in Advertising

Vote case by case shareholder proposals seeking more careful consideration of using racial stereotypes in advertising campaigns, including preparation of a report on this issue.

REFER

Labor and Human Rights

Codes of Conduct and Vendor Standards

Vote for shareholder proposals to implement human rights standards and workplace codes of conduct.

VOTE FOR

Vote for shareholder proposals calling for the implementation and reporting on ILO codes of conduct, SA 8000 Standards, or the Global Sullivan Principles.

NOT APPLICABLE

Vote for shareholder proposals that call for the adoption of principles or codes of conduct relating to company investments in countries with patterns of human rights abuses (e.g. Northern Ireland, Burma, former Soviet Union, and China).

VOTE FOR

Vote for shareholder proposals that call for independent monitoring programs in conjunction with local and respected religious and human rights groups to monitor supplier and licensee compliance with codes.

VOTE FOR

Vote for shareholder proposals that seek publication of a "Code of

VOTE FOR


AGENDA ITEM


Conduct" to the company‘s foreign suppliers and licensees, requiring they satisfy all applicable standards and laws protecting employees‘ wages, benefits, working conditions, freedom of association, and other rights.

Vote for shareholder proposals seeking reports on, or the adoption of, vendor standards including: reporting on incentives to encourage suppliers to raise standards rather than terminate contracts and providing public disclosure of contract supplier reviews on a regular basis.

VOTE FOR

Vote for shareholder proposals to adopt labour standards for foreign and domestic suppliers to ensure that the company will not do business with foreign suppliers that manufacture products for sale in the U.S. using forced labour, child labour, or that fail to comply with applicable laws protecting employee‘s wages and working conditions.

VOTE FOR

Adopt/Report on MacBride Principles

Vote for shareholder proposals to report on or implement the MacBride Principles.

VOTE FOR

Community Impact Assessment / Indigenous Peoples’ Rights

Vote for shareholder proposals to prepare reports on a company‘s environmental and health impact on communities.

VOTE FOR

Report on Risks of Outsourcing

Vote case by case shareholders proposals asking for companies to report on the risks associated with outsourcing or off-shoring.

REFER

Report on the Impact of Health Pandemics on Company Operations

Vote case by case shareholder proposals asking for companies to report on the impact of pandemics, such as

REFER


AGENDA ITEM


HIV/AIDS, Malaria, and Tuberculosis, on their business strategies.

Operations in High Risk Markets

Reports on Operations in Burma/Myanmar

Vote for shareholder proposals to adopt labour standards in connection with involvement in Burma.

Vote for shareholder proposals seeking reports on Burmese operations and reports on costs of continued involvement in the country.

Vote for shareholder proposals to pull out of Burma on a case-by-case basis.

Reports on Operations in China

Vote for shareholder proposals requesting more disclosure on a company‘s involvement in China

VOTE FOR

Vote on a case-by-base basis shareholder proposals that ask a company to terminate a project or investment in China.

REFER

Product Sales to Repressive Regimes

Vote case-by-case on shareholder proposals requesting that companies cease product sales to repressive regimes that can be used to violate human rights.

REFER

Vote for proposals to report on company efforts to reduce the likelihood of product abuses in this manner.

VOTE FOR

Internet Privacy and Censorship

Vote for resolutions requesting the disclosure and implementation of Internet privacy and censorship policies and procedures.

VOTE FOR

Disclosure on Plant Closings

Vote for shareholder proposals seeking greater disclosure on plant closing criteria if the company has not provided such information.

VOTE FOR

Environment

Environmental/Sustainability Report

Vote for shareholder proposals seeking greater disclosure on the company‘s environmental practices, and/or environmental risks and liabilities.

VOTE FOR


AGENDA ITEM


Vote for shareholder proposals asking companies to report in accordance with the Global Reporting Initiative (GRI).

VOTE FOR

Vote for shareholder proposals to prepare a sustainability report.

VOTE FOR

Vote for shareholder proposals to study or implement the CERES principles.

VOTE FOR

Vote for shareholder proposals to study or implement the Equator Principles.

VOTE FOR

Climate Change/Greenhouse Gas Emissions

Vote for shareholder proposals seeking disclosure of liabilities or preparation of a report pertaining to global warming and climate change risk.

VOTE FOR

Vote for shareholder proposals calling for the reduction of GHG or adoption of GHG goals in products and operations.

VOTE FOR

Vote for shareholder proposals seeking reports on responses to regulatory and public pressures surrounding climate change, and for disclosure of research that aided in setting company policies around climate change.

VOTE FOR

Vote for shareholder proposals requesting a report on greenhouse gas emissions from company operations and/or products and operations.

VOTE FOR

Invest in Clean/Renewable Energy

Vote for shareholder proposals seeking the preparation of a report on a company‘s activities related to the development of renewable energy sources.

VOTE FOR

Vote for shareholder proposals seeking increased investment in renewable energy sources unless the terms of the

VOTE FOR


AGENDA ITEM


resolution are overly restrictive.

Energy Efficiency

Vote for shareholder proposals requesting a report on company energy efficiency policies and/or goals.

VOTE FOR

Operations in Protected/Sensitive Areas

Vote for requests for reports on potential environmental damage as a result of company operations in protected regions.

VOTE FOR

Vote for shareholder proposals asking companies to prepare a feasibility report or to adopt a policy not to mine, drill, or log in environmentally sensitive areas.

VOTE FOR

Vote for shareholder proposals seeking to prohibit or reduce the sale of products manufactured from materials extracted from environmentally sensitive areas such as old growth forests.

VOTE FOR

Phase Out Chlorine-Based Chemicals

Vote for shareholder proposals to prepare a report on the phase-out of chlorine bleaching in paper production.

VOTE FOR

Vote on a case-by-case basis on shareholder proposals asking companies to cease or phase-out the use of chlorine bleaching.

REFER

Land Procurement and Development

Vote Against shareholder proposals requesting that companies report on or adopt policies for land procurement and utilize the policies in their decision-making.

VOTE AGAINST

Report on the Sustainability of Concentrated Area Feeding Operations (CAFO)

Vote for requests that companies report on the sustainability and the environmental impacts of both company-owned and contract livestock operations.

VOTE FOR

Adopt a Comprehensive Recycling Policy

Vote for shareholder proposals requesting the preparation of a report on

VOTE FOR


AGENDA ITEM


the company‘s recycling efforts.

Vote for shareholder proposals that ask companies to increase their recycling efforts or to adopt a formal recycling policy.

VOTE FOR

Facility Safety

Vote case by case on shareholder proposals requesting companies report on or implement procedures associated with their operations and/or facilities on a case-by-case basis.

REFER

Nuclear Energy

Vote for shareholder proposals seeking the preparation of a report on a company‘s nuclear energy procedures.

VOTE FOR

Vote case-by-case on proposals that ask the company to cease the production of nuclear power.

REFER

Water Use

Vote for shareholder proposals seeking the preparation of a report on a company‘s risks linked to water use.

VOTE FOR

Kyoto Protocol Compliance

Vote for shareholder proposals asking companies to review and report on how companies will meet GHG reduction targets of the Kyoto-compliant countries in which they operate.

VOTE FOR

Health and Safety Toxic Materials

Vote for shareholder proposals asking companies to report on policies and activities to ensure product safety.

VOTE FOR

Vote for shareholder proposals asking companies to disclose annual expenditures relating to the promotion and/or environmental clean-up of toxins.

VOTE FOR

Vote for shareholder proposals asking companies to report on the feasibility of removing, or substituting with safer

VOTE FOR


AGENDA ITEM


alternatives, all "harmful" ingredients used in company products.

Product Safety

Generally vote for proposals requesting the company to report on or adopt consumer product safety policies and initiatives.

VOTE FOR

Generally vote for proposals requesting the study, adoption and/or implementation of consumer product safety programs in the company's supply chain.

VOTE FOR

Report on Handgun Safety Initiatives

Vote for shareholder proposals asking the company to report on its efforts to promote handgun safety.

VOTE FOR

Vote against shareholder proposals asking the company to stop the sale of handguns and accessories.

VOTE AGAINST

Phase-out or Label Products Containing Genetically Engineered Ingredients

Vote for shareholder proposals to label products that contain genetically engineered products or products from cloned animals.

VOTE FOR

Vote for shareholder proposals that ask the company to phase out the use of genetically engineered ingredients in their products.

VOTE FOR

Vote for shareholder proposals that ask the company to report on the use of genetically engineered organisms in their products.

VOTE FOR

Vote for shareholder proposals asking for reports on the financial, legal, and operational risks posed by the use of genetically engineered organisms.

VOTE FOR

Tobacco-related Proposals

Vote against shareholder proposals seeking to limit the sale of tobacco products to children.

VOTE AGAINST


AGENDA ITEM


Vote against shareholder proposals asking producers of tobacco product components (such as filters, adhesives, flavourings, and paper products) to halt sales to tobacco companies.

VOTE AGAINST

Vote against shareholder proposals that ask restaurants to adopt smoke-free policies and that ask tobacco companies to support smoke-free legislation.

VOTE AGAINST

Vote case by case on shareholder proposals seeking a report on a tobacco company‘s advertising approach.

REFER

Vote against shareholder proposals at insurance companies to cease investment in tobacco companies.

VOTE AGAINST

Vote case by case on proposals at producers of cigarette components calling for a report outlining the risks and potential liabilities of the production of these components.

REFER

Vote against proposals calling for tobacco companies to cease the production of tobacco products.

VOTE AGAINST

Vote case by case on shareholder proposals asking companies to stop all advertising, marketing and sale of cigarettes using the terms "light," "ultra-light," "mild," and other similar words and/or colours.

REFER

Vote against shareholder proposals asking companies to increase health warnings on cigarette smoking. (i.e.: information for pregnant women, "Canadian Style" warnings, filter safety).

VOTE AGAINST

Adopt Policy/Report on Drug Pricing

Vote case by case on shareholder proposals to

REFER


AGENDA ITEM


prepare a report on drug pricing.

Vote against shareholder proposals to adopt a formal policy on drug pricing.

VOTE AGAINST

Vote case by case on shareholder proposals that call on companies to develop a policy to provide affordable HIV, AIDS, TB and Malaria drugs in third-world nations.

REFER

Vote for proposals asking for reports on the economic effects and legal risks of limiting pharmaceutical products to Canada or certain wholesalers.

VOTE FOR

Vote against proposals requesting that companies adopt policies not to constrain prescription drug re-importation by limiting supplies to foreign markets.

VOTE AGAINST

Healthcare Reform and Disclosure

Vote against shareholder proposals requesting companies to endorse or adopt IOM –based healthcare reform principles.

VOTE AGAINST

Vote case by case on shareholder proposals requesting a report on the implications of rising healthcare costs.

REFER

Ride Safety

Vote case by case on shareholder proposals to report on ride safety.

REFER

Government and Military

Prepare Report to Renounce Future Landmine Production

Vote against shareholder proposals seeking a report on the renouncement of future landmine production.

VOTE AGAINST

Prepare Report on Foreign Military Sales

Vote against shareholder proposals to report on foreign military sales or offset agreements.

VOTE AGAINST

Vote against proposals that call for outright restrictions on foreign military sales.

VOTE AGAINST

Depleted Uranium/Nuclear Weapons

Vote for shareholder proposals requesting a report on involvement, policies, and procedures related to depleted

VOTE FOR


AGENDA ITEM


uranium (DU) and nuclear weapons.

Adopt Ethical Criteria for Weapons Contracts

Vote case by case on shareholder proposals asking companies to review and amend, if necessary, the company‘s code of conduct and statements of ethical criteria for military production-related contract bids, awards and execution.

REFER

Animal Welfare

Animal Rights/Testing

Vote against shareholder proposals that seek to limit unnecessary animal testing where alternative testing methods are feasible or not barred by law.

VOTE AGAINST

Vote for shareholder proposals that ask companies to adopt or/and report on company animal welfare standards.

VOTE FOR

Vote for shareholder proposals asking companies to report on the operational costs and liabilities associated with selling animals.

VOTE FOR

Vote against shareholder proposals to eliminate cruel product testing methods.

VOTE AGAINST

Vote against shareholder proposals that seek to monitor, limit, report, or eliminate outsourcing animal testing to overseas laboratories.

VOTE AGAINST

Vote case by case shareholder proposals to publicly adopt or adhere to an animal welfare policy at both company and contracted laboratory levels.

REFER

Vote against shareholder proposals to evaluate, adopt or require suppliers to adopt CAK and/or CAS slaughter methods.

VOTE AGAINST

Political and Lobbying Efforts

Vote case by case shareholder proposals asking companies to

REFER


AGENDA ITEM


Charitable Giving

review and report on how companies utilize lobbying efforts to challenge scientific research and governmental legislation.

Non-Partisanship/ Political Contributions

Vote case by case proposals calling for a company to disclose its political and trade association contributions, unless the terms of the proposal are unduly restrictive.

REFER

Vote against proposals calling for a company to maintain a policy of non-partisanship and to limit political contributions.

VOTE AGAINST

Vote against proposals calling for a company to refrain from making any political contributions.

VOTE AGAINST

Control over Charitable Contributions

Vote against shareholder proposals giving criteria for requiring shareholder ratification of grants.

VOTE AGAINST

Vote against shareholder proposals requesting that companies prohibit charitable contributions.

VOTE AGAINST

Disclosure on Prior Government Service

Vote against shareholder proposals calling for the disclosure of prior government service of the company‘s key executives.

VOTE AGAINST

Consumer Lending and Economic Development

Adopt Policy/Report on Predatory Lending Practices

Vote case by case on shareholder proposals seeking the development of a policy or preparation of a report to guard against predatory lending practices.

REFER

Disclosure on Credit in Developing Countries (LDCs) or Forgive LDC Debt

Vote case by case on shareholder proposals asking for disclosure on lending practices in developing countries, unless the company has demonstrated a clear proactive record on the issue.

REFER

Vote against shareholder proposals asking banks to forgive loans outright.

VOTE AGAINST

Vote case-by-case on shareholder proposals

REFER


AGENDA ITEM


asking for loan forgiveness at banks that have failed to make reasonable provisions for non-performing loans.

Vote case by case on proposals to restructure and extend the terms of non-performing loans.

REFER

Community Investing

Vote for proposals that seek a policy review or report addressing the company‘s community investing efforts.

VOTE FOR

Miscellaneous

Adult Entertainment

Vote case by case on shareholder proposals that seek a review of the company‘s involvement with pornography.

REFER

Abortion/Right to Life Issues

Vote case by case on shareholder proposals that address right to life issues.

REFER

Coffee Crisis

Vote case by case on shareholder proposals asking for reports on company policies related to the coffee crisis.

REFER

Anti-Social Proposals

Vote case by case on shareholder proposals that do not seek to ultimately advance the goals of the social investment community.

REFER

Vote case-by-case on anti-social shareholder proposals seeking a review or report on the company's charitable contributions.

REFER

Violence and Adult Themes in Video Games

Vote case by case on shareholder proposals asking for reports on company policies related to the sale of mature-rated video games to children and teens.

REFER

Annex C – Formats (i) Revised format for disclosure of vote cast by Mutual Funds - during an individual quarter

Details of Votes cast during the quarter ended __, of the Financial year __-__

Meeting

Date Company

Name Type of

meetings (AGM/EGM)

Proposal by Management

or Shareholder

Proposal's description

Investee company’s Management

Recommendation

Vote (For/ Against/ Abstain)

Reason supporting the vote decision

(ii) Revised format for disclosure of voting by Mutual Funds/AMCs during a financial year

Details of Votes cast during the Financial year __-__

Quarter Meeting Date

Company Name

Type of meetings

(AGM/EGM)

Proposal by Management

or Shareholder

Proposal's description

Investee company’s Management

Recommendation

Vote (For/ Against/ Abstain)

Reason supporting the vote decision

(iii) Format of providing the summary of proxy votes cast by Mutual Funds/AMCs across all the investee companies

Summary of Votes cast during the F.Y. ___-___

F.Y. Quarter Total no. of resolutions

Break-up of Vote decision

For Against Abstained


Summary of votes cast during the F.Y. 2017-18

Quarter Total no. of

Resolutions

Break-up of Vote decision

For Against Abstained

Apr-Jun, 2017 117 107 0 10

July-Sept, 2017 690 671 16 3

Oct-Dec,2017 46 42 1 3

Jan-Mar,2018 18 18 - -

Annexure-III

Quarter Meeting Date Company Name

Type of

meetings

(AGM/EGM)

Proposal by

Management

or

Shareholder Proposal's description

Investee company’s

Management

Recommendation

Vote (For/

Against/

Abstain) Reason supporting the vote decision

Apr-Jun,2017 15-Apr-17 DCB BANK LIMITED PB M

Issue of Equity Shares to Qualified Institutional Buyers

through Qualified Institutions Placement For For Capital requirement to expand business

Apr-Jun,2017 15-Apr-17 DCB BANK LIMITED PB M

Change in place of keeping and inspection of registers,

returns etc For For Internal Management

Apr-Jun,2017 17-Apr-17 SUN TV NETWORK LTD PB M

Re appointment and fixing remuneration of Mr K

Vijaykumar as Managing Director & Chief Executive

Officer For For Reappointment of CEO


Re appointment and fixing remuneration of Mr

Kalanithi Maran as Whole Time Director designated

as Executive Chairman . For For Founder Promoter


Re appointment and fixing remuneration of Mrs

Kavery Kalanithi as Whole Time Director designated

as Executive Director . For For Founder Promoter

Apr-Jun,2017 21-Apr-17

FAG BEARINGS (INDIA)

LTD AGM M Adoption of Accounts For For Regular course of business



LTD AGM M Declaration of Dividend For For Regular course of business



LTD AGM M Re appointment of Mr Klaus Rosenfeld as Director For For Rich experience and knowledge is an asset to the company.



LTD AGM M Re appointment of Mr P Sampath Kumar as Director For For Rich experience and knowledge is an asset to the company.



LTD AGM M

Appointment of M s BSR & Co LLP Chartered

Accountants as Auditors For For Regular course of business



LTD AGM M

Enter into contracts with other related parties with

Schaeffler Technologies AG & Co KG, Germany For For Regular course of business



LTD AGM M

Payment of remuneration to Cost Auditors M s Y S

Thakkar & Co, Cost Accountant For For Regular course of business



LTD AGM M Appointment of Mr Dharmesh Arora as Director For For Rich experience, industrial knowledge is an asset to the company.



LTD AGM M

Appointment of Mr Dharmesh Arora as Managing

Director For For

Industrial experience and knowledge will add to the knowledge of

the company.

Apr-Jun,2017 22-Apr-17 NRB BEARINGS LTD PB M

Issue of Listed Unsecured Redeemable Non

Convertible Debentures on Private Placement to

Mutual Funds/Banks For For Debt is necessry for growth of business.

Apr-Jun,2017 22-Apr-17 NRB BEARINGS LTD PB M

Revision in Terms of Remuneration of Ms H S Zaveri

as Vice Chairman & Managing Director For For Rich experience and knowledge is an asset to the company.


TUBE INVESTMENTS OF

INDIA LTD CRT M

Scheme of Arrangement ( Demerger) between Tube

Investment of India Limite and TI Financial Holdings

Ltd and their Shareholders For For Scheme of arrangement

Apr-Jun,2017 09-May-17

KOTAK MAHINDRA

BANK EGM M

Increase in ceiling limit on total holdings of FIIs and

FPIs in the equity share capital of the Bank through

primary or secondary route to such percentage as the

Board may decide from time to time not exceeding

49% of the paid up equity capital of the Bank For For Investor friendly measure


KOTAK MAHINDRA

BANK EGM M

Issue of securitites, in one or more tranches by way of

public issue or a private placement or a rights issue

including a QIP For For To meet Capital requirement for business purpose


ZEE ENTERTAINMENT

ENTERPRISES LTD CRT M

Composite Scheme of Arrangement among Reliance

Big Broadcasting Pvt Ltd and Big Magic Ltd and

Azalia Broadcast Pvt Ltd and Zee Entertainment

Enterprises Ltd and their respective Shareholders and

Creditors For For Scheme of Arrangement for business purposes

Apr-Jun,2017 11-May-17 NESTLE INDIA LTD AGM M Adoption of Accounts For For Normal business

Apr-Jun,2017 11-May-17 NESTLE INDIA LTD AGM M

Confirmation of 3 Interim Dividends aggregating to Rs

40 and Declaration of Final Dividend on Equity Shares

for the financial year ended 31.12.2016 For For Normal business

Apr-Jun,2017 11-May-17 NESTLE INDIA LTD AGM M Re appointment of Mr Shobinder Duggal as Director For For Attended 4 out of 5 board meetings held


Appointment of M s BSR & Co LLP Chartered

Accountants as Auditors For For Normal business


Payment of remuneration to Cost Auditors M s

Ramanath Iyer & Co, Cost Accountant For For Normal business

Apr-Jun,2017 11-May-17 NESTLE INDIA LTD AGM M Appointment of Mr Martin Roemkens as Director For For

Mr. Roemkens aged 47 years holds Bachelor of Engineering

from the University of

Western Australia. He has over 20 years of rich and exhaustive

experience in Technical and Production functions and has held

senior management positions during his career. Before Nestlé

India posting, Mr. Roemkens was the Technical Manager in

Nestlé’s

North East Africa Region which he successfully led for

almost four years including

developing the factories in Egypt to a world class standard.


Appointment of Mr Martin Roemkens as Whole time

Director, designated as Director Technical For For

Mr. Roemkens aged 47 years holds Bachelor of Engineering

from the University of

Western Australia. He has over 20 years of rich and exhaustive

experience in Technical and Production functions and has held

senior management positions during his career. Before Nestlé

India posting, Mr. Roemkens was the Technical Manager in

Nestlé’s

North East Africa Region which he successfully led for

almost four years including

developing the factories in Egypt to a world class standard.


Appointment of Ms Rama Bijapurkar as Independent

Non Executive Director For For

Rama Bijapurkar is an Indian management and market research

consultant. She is considered one of the leading consultants on

market strategy and consumer behaviour in India. She authored

some popular business related books like Winning in the Indian

Market,

Apr-Jun,2017 12-May-17 HCL TECHNOLOGIES LTD PB M

Buyback of upto 3,50,00,000 fully paidup Equity

Shares of Rs 2 each of the Company at a Price of Rs

1,000 per Equity Share payable in cash For For

To improve return ratio and proper utilisation of cash. Investor

friendly measure.


MOTHERSON SUMI

SYSTEMS LTD PB M Creation of charges on the assets of the Company. For For Business requirement

Apr-Jun,2017 01-Jun-17 DCB BANK LIMITED AGM M Adoption of Accounts For For Normal business

Apr-Jun,2017 01-Jun-17 DCB BANK LIMITED AGM M Declaration of Dividend on Equity Shares For For Normal business

Apr-Jun,2017 01-Jun-17 DCB BANK LIMITED AGM M

Appointment of Mr Amin Manekia as Independent

Director For For Attended more than 75% Board meetings


Appointment of M s Deloitte Haskins & Sells,

Chartered Accountants as Auditors For For Normal business


Raising of Funds by issue of bonds debentures

securities on Private Placement basis For For Fund requirement for Business purpose

Apr-Jun,2017 01-Jun-17 DCB BANK LIMITED AGM M Increase in Borrowing powers For For Fund requirement for Business purpose

Baroda Pioneer Mutual Fund

Details of Votes cast during the Financial year 2017-18

Annexure -III


Ratification of Bonus paid to the Managing Director &

Chief Executive Officer for FY 2015 16 and enabling

approval for an ongoing annual increase in the

remuneration, including bonus, upto 15% For For In line with industry standard and law.

Apr-Jun,2017 06-Jun-17 YES BANK LTD AGM M Adoption of Accounts (Standalone & Consolidated) For For Normal business

Apr-Jun,2017 06-Jun-17 YES BANK LTD AGM M Declaration of Dividend on Equity Shares For For Normal business

Apr-Jun,2017 06-Jun-17 YES BANK LTD AGM M Re appointment of Mr Ajai Kumar as Director For For All Board Meetings attended.

Apr-Jun,2017 06-Jun-17 YES BANK LTD AGM M

Appointment of M s B S R & Co LLP, Chartered



Taking on record the approval accorded by Reserve

Bank of India (RBI) for appointment including the

terms of appointment of Mr Ashok Chawla as Non

Executive Part Time Chairman of the Bank and to

approve his remuneration in terms of RBI Approval For For All Board Meetings attended.


Increase in the borrowing limits from Rs 50,000 Crore

to Rs 70,000 Crore For For Fund requirement for Business purpose


Approval for borrowing raising funds in Indian

foreign currency by issue of debt securities upto Rs

20,000 Crore (the NCDs ) to eligible investors on

private placement basis For For Fund requirement for Business purpose


Approval for appointment of Ms. Debjani Ghosh (DIN-

07820695) as an Independent Director For For

She is former VP SMG and MD Intel South Asia. She is also a

trustees of NASSCOM Foundation and co-chair of FICCI's

Innovation Commettee. She has served FICCI to strengthen

industry advocacy for Digital India.

Apr-Jun,2017 07-Jun-17 FEDERAL BANK LTD PB M

Raising of funds by way of issuance of equity capital

upto an aggregate amount of 2,500 crore in one or

more tranches on such terms and conditions as it may

deem fit by way of any modes as mentioned above For For Fund requirement for growth of business

Apr-Jun,2017 07-Jun-17 FEDERAL BANK LTD PB M

Increasing the sub limit celling on total holdings of FII

FPIs through primary or secondary market route, up to

an aggregate limit of 74% of the paid up share capital

of the Bank For For Increase in FII limit

Apr-Jun,2017 09-Jun-17 ARVIND LTD. CRT M

Scheme of Arrangement in the nature of

Amalgamation of Arvind Brands & Retail Ltd, Arvind

Garments Park Pvt Ltd and Dholka Textile Park Pvt

Ltd with Arvind Ltd. For For Scheme of Arrangement

Apr-Jun,2017 12-Jun-17 ICICI BANK LIMITED PB M

Ordinary Resolution for increase in the Authorised

ShareCapital of the Company and consequent

amendment tothe Capital Clause of the Memorandum

of Association For For To enable company to raise capital for business


Special Resolution for alteration of Capital Clause

ofArticles of Association For For To enable company to raise capital for business


Ordinary Resolution for issue of Bonus Shares

inproportion of 1:10 i.e. 1 (one) equity share of Rs 2

eachfor every 10 (ten) fully paid-up equity shares of Rs

2 each For For Investor's Rewards


Special Resolution for Amendment to the

EmployeeStock Option Scheme For For Employee incentive scheme

Apr-Jun,2017 13-Jun-17 ENGINEERS INDIA LTD PB M Approval to amend the AOA For For Business purpose

Apr-Jun,2017 13-Jun-17 ENGINEERS INDIA LTD PB M Approval For Buyback of equity shares For For Investor Friendly measure

Apr-Jun,2017 13-Jun-17

INDRAPRASTHA GAS

LTD PB M

Increase in Foreign Institutionl Investors (FIIs)

Foreign Portfolio Invester (FPIs) shareholding limits in

the Company from 24% of paid up Equity Shares

Capital to 30% of paid up Equity Shares capital For For Increase in FII limit


MAHINDRA AND

MAHINDRA LTD. CRT M

Scheme of Arrangement between Mahindra Two

Wheelers Limited ( Demerged Company ) and

Mahindra & Mahindra Limited (the Company or

Resulting Company or Applicant Company) and their

respective Shareholders and Creditors ( Scheme ) For For Scheme of Arrangement

Apr-Jun,2017 15-Jun-17 MAH N MAH FIN SER PB M

Increase the borrowing Limits from Rs 55,000 crores

to Rs 60,000 crores For For Fund requirement for Business purpose


Issue of Secured Unsecured Redeemable Non

Convertible Debentures including Subordinated

Debentures on a private placement basis, for an

aggregate amount not exceeding Rs 29,000 crores For For Fund requirement for Business purpose


Place of Keeping Registers and Index of Members,

Debentureholders and copies of Annual Returns,

pursuant to the provisions of Section 94 of the Act For For Normal Business

Apr-Jun,2017 15-Jun-17 STATE BANK OF INDIA EGM M

nomination 1 for election of four share holder directors

Shri Vinod kumar For Abstain Proper information not available



Shri S. Sundarraman For Abstain Proper information not available



Shri A.Subramanya For Abstain Proper information not available



Shri Amar Pal For Abstain Proper information not available



Shri Sanjiv malhotra For Abstain Proper information not available



Shri Bhaskar Pramanik For Abstain Proper information not available



Shri M.D.Mallya For For

He has been the CMD of Bank of Baroda. He is a member on

various committee of Indian Bank's Association and National

Indtitute of Bank Managemnet (NIBM ), Pune



Shri Pravin Hari kutumbe For Abstain Proper information not available



Shri Basant Seth For Abstain Proper information not available


nomination 10 for election of four share holder

directors Shri Shiv Nandan Sharma For Abstain Proper information not available

Apr-Jun,2017 20-Jun-17 PETRONET LNG LTD PB M Increase of Authorised Share Capital For For To enable company to raise equity capital for business

Apr-Jun,2017 20-Jun-17 PETRONET LNG LTD PB M

Issue of Bonus Shares by way of Capitalization of

Reserves For For To reward Investors


SUN PHARMACEUTICAL

INDUSTRIES LTD CRT M

Scheme of Arrangement among Sun Pharma Medisales

Private Limited, Ranbaxy Drugs Limited, Gufic

Pharma Limited, Vidyut Investments Limited

(collectively Transferor Companies , being the wholly

owned subsidiaries of the Company) and the Company

and their respective members and creditors ( Scheme

of Arrangement ). For For Scheme of Arrangement


KANSAI NEROLAC

PAINTS AGM M

To receive consider and adopt the financial statements

of the company for the year ended 31 March 2017 For For Normal business


KANSAI NEROLAC

PAINTS AGM M

To declare a normal dividend of Rs 2.5 and a special

dividend od Rs 0.5 per equity share For For Normal business


KANSAI NEROLAC

PAINTS AGM M Re appointment of Mr Masaru Tanaka as Director For For Attended all board meetings


KANSAI NEROLAC

PAINTS AGM M Re appointment of Mr Hidenori Furukawa as Director For For Attended all board meetings


KANSAI NEROLAC

PAINTS AGM M

Appointment of M s B S R and Co LLP Chartered



KANSAI NEROLAC

PAINTS AGM M

Payment of remuneration to Cost Auditors M s D C

Dave and Co, Cost Accountant for the year ended

31.03.2017 For For Normal business


KANSAI NEROLAC

PAINTS AGM M


Dave & Co, Cost Accountant for the year ended

31.03.2018 For For Normal business


KANSAI NEROLAC

PAINTS AGM M

Appointment of Mr H M Bharuka as Managing

Director For For Attended all board meetings


KANSAI NEROLAC

PAINTS AGM M Appointment of Mr Katsuhika Kato as Director For For Attended 75% board meetings

Apr-Jun,2017 23-Jun-17 UNION BANK OF INDIA AGM M Adoption of Accounts For For Normal business

Apr-Jun,2017 23-Jun-17 UNION BANK OF INDIA AGM M

Offer, issue and allot securities aggregating to an

amount upto Rs 4,950 crore which together with the

existing paid up Equity Shares capital of Rs 687.44

crore will be with in Rs 3,000 crore For For Capital raising for business purpose


MOTHERSON SUMI

SYSTEMS LTD PB M Issuance of Bonus Shares to the existing shareholders For For To reward Investors


ADANI PORTS AND

SPECIAL E CRT M

Scheme of Arrangement between Adani Ports and

Special Economic Zone Ltd and The Adani Harbour

Services Pvt Ltd and their respective shareholders and

creditors For Abstain No exposure to unsecured debt hence abstain

Apr-Jun,2017 27-Jun-17 ADANI PORTS N SPL ECO CRT M

Scheme of Arrangement between Adani Ports and

Special Economic Zone Ltd and The Adani Harbour

Services Pvt Ltd and their respective shareholders and

creditors For For Scheme of Arrangement

Apr-Jun,2017 27-Jun-17 STATE BANK OF INDIA AGM M Adoption of accounts For For Normal business


ORIENTAL BANK OF

COMMERCE. AGM M Adoption of accounts For For Normal business


ORIENTAL BANK OF

COMMERCE. AGM M

Offer issue and allot equity shares and or preference

shares for an amount not exceeding Rs 5000 crore For For Capital raising for business purpose

Apr-Jun,2017 30-Jun-17 BANK OF BARODA AGM M Adoption of accounts For For Normal business

Apr-Jun,2017 30-Jun-17 BANK OF BARODA AGM M To declare dividend for the Financial Year 2016 17 For For Normal business

Apr-Jun,2017 30-Jun-17 BANK OF BARODA AGM M

To raise additional capital up to Rs 6000 Crores

through equity capital by way of various modes in

India or abroad For For Capital raising for business purpose

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M Adoption of accounts For For Normal business

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M

To declare Final Dividend on equity shares for the

financial year ended 31st March 2017 For For Normal business

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M Re appointment of Mr Harish Manwani as Director For For He is Chairman. Attended all Board Meetings.

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M Re appointment of Mr Pradeep Banerjee as Director For For Attended all Board Meetings.

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M Re appointment of Mr P B Balaji as Director For For Attended all Board Meetings.


To ratify appointment of Ms BSR and Co LLP as

Statutory Auditors For For Normal business

Apr-Jun,2017 30-Jun-17 HINDUSTAN UNILEVER AGM M Payment of remuneration to Managing Director For For In line with industry standard and law.


Appointment of Mr Dev Bajpai as Whole time

Director For For Attended all Board Meetings during his tenure.


Payment of remuneration to Cost Auditors M s RA and

Co Cost Accountant For For Normal business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Adoption of Accounts For For Regular course of business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Declaration of Dividend on Prefernce shares For For Regular course of business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Declaration of Dividend on Equity Shares For For Regular course of business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Re appointment of Ms Vishakha Mulye as Director For For Attended all Board Meetings.

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M

Appointment of M s B S R & Co, Chartered

Accountants as Auditors For For Regular course of business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Appointment of Branch Auditors For For Regular course of business

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Appointment of Mr Anup Bagchi as Director For For

His profesional experience, knowledge and association with

company will be an asset to the organisation.

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M Re appointment of Mr Anup Bagchi as Whole time For For

His profesional experience, knowledge and association with

company will be an asset to the organisation.

Apr-Jun,2017 30-Jun-17 ICICI BANK LIMITED AGM M

Issue of Non Convertible securities including but not

limited to bonds and Non Convertible debentures in

one or more tranches of upto Rs 25,000 crore For For Regular course of business


SHRIRAM CITY UNION

FINANCE LIMITED AGM M Adoption of Accounts For For Normal business


SHRIRAM CITY UNION

FINANCE LIMITED AGM M

To declare final dividend of 10.00 per equity share of

10 each and to confirm the payment of interim

dividend of 5.00 per equity share of 10 each of the

Company already paid during the financial year ended

March 31 2017 For For Normal business


SHRIRAM CITY UNION

FINANCE LIMITED AGM M Re appointment of Sri Gerrit Lodewyk as Director For For Attended all Board Meetings.


SHRIRAM CITY UNION


Appointment of M s G D Apte and Co Chartered



SHRIRAM CITY UNION


Re appointment of Sri Duruvasan Ramachandra as

Managing Director and Chief Executive Officer For For Attended all Board Meetings.


SHRIRAM CITY UNION


To borrow by way of loan financial assistance etc such

that the total amount borrowed and outstanding at any

point of time shall not exceed Rupees Thirty thousand

crores For For Fund raising for business purpose


SHRIRAM CITY UNION

FINANCE LIMITED AGM M Private Placement of Securities upto 10000 crore For For Fund raising for business purpose

Jul-Sep,2017 03-Jul-17

SUPREME INDUSTRIES

LTD AGM M Adoption of accounts For For Normal business


SUPREME INDUSTRIES

LTD AGM M

To declare final dividend on Equity Shares for

Financial Year ended 31st March 2017 and to confirm

the payment of interim Dividend on Equity Shares by

the Board of Directors of the Company For For Normal business


SUPREME INDUSTRIES

LTD AGM M

To appoint a Director in place of Shri V K Taparia

who retires by rotation and being eligible offers

himself for reappointment For For Attended all Board Meetings.


SUPREME INDUSTRIES

LTD AGM M

Ratification of appointment of Statutory Auditors and

appointment of Branch Auditors For For Normal business


SUPREME INDUSTRIES

LTD AGM M Alteration of Article of Association For For As per company Act


SUPREME INDUSTRIES

LTD AGM M

Approving the re appointment of Shri S J Taparia as

Executive Director as a Director liable to retire by

rotation For For Attended all Board Meetings.


SUPREME INDUSTRIES

LTD AGM M Ratification of remuneration of Cost Auditors For For Normal business

Jul-Sep,2017 04-Jul-17 LARSEN N TOUBRO PB M

Ordinary resolution for issue of Bonus shares in the

ratio of one bonus equity share of Rs 2 for every two

fully paid up equity shares of Rs 2 each by

capitalization of reserves For For To reward Investors

Jul-Sep,2017 05-Jul-17 APOLLO TYRES AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 05-Jul-17 APOLLO TYRES AGM M To declare dividend on equity shares For For Normal business

Jul-Sep,2017 05-Jul-17 APOLLO TYRES AGM M To appoint of Mr Paul Antony as director For For

All board meeting attended during his tenor. He is nominated by

Government of Kerala.

Jul-Sep,2017 05-Jul-17 APOLLO TYRES AGM M

To appoint Ms Walker Chandiok and Associates

Chartered Accountants as Statutory Auditors of the

Company for a period of 5 years For For Normal business


To ratify the payment of remuneration to the Cost

Auditor for FY18 For For Normal business


To re appoint Mr Onkar S Kanwar as Managing

Director For For Attended all Board Meetings.


To revise the remuneration payable to Mr Neeraj

Kanwar Vice Chairman and Managing Director For For In line with industry standard and law.


To authorise Private Placement of Non Convertible

Debentures For For Fund raising for business

Jul-Sep,2017 05-Jul-17 CAPITAL FIRST LIMITED AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 05-Jul-17 CAPITAL FIRST LIMITED AGM M Declaration of Dividend of Rs 2.60 per Equity Shares For For Normal business

Jul-Sep,2017 05-Jul-17 CAPITAL FIRST LIMITED AGM M Re appointment of Mr Vishal Mahadevia as Director For Against Attended less than75% Board Meetings

Jul-Sep,2017 05-Jul-17 CAPITAL FIRST LIMITED AGM M




Re appointment of Mr N C Singhal as Non Executive

Independent Director For For Attended all Board Meetings.


Re appointment of Mr M S Sundara Rajan as Non

Executive Independent Director For For Attended more than 75% Board meetings


Re appointment of Mr Hemang Raja as Non Executive



Revision in his remuneration of Mr Apul Nayyar as

Executive Director For For In line with industry standard and law.


Revision in his remuneration of Mr Nihal Desai as

Executive Director For For In line with industry standard and law.


Consider and approve CFL Employee Stock Option

Scheme 2017 for Employees of the Company For For Employee incentive scheme


Consider and approve CFL Employee Stock Option

Scheme 2017 for Employees of the Subsidiary(ies) For For Employee incentive scheme


Increase in Borrowing Limits for an aggregate amount

not exceeding Rs 30,000 For For Fund raising for business purpose


Issue of Non Convertible Debentures in one or more

tranches For For Fund raising for business purpose

Jul-Sep,2017 05-Jul-17 CAPITAL FIRST LIMITED AGM M Raising of funds through issue of Securities For For Fund raising for business purpose


Maintenance of Register of Members and other related

books at the place other than Registered Office For For Internal Management

Jul-Sep,2017 11-Jul-17 BANK OF INDIA AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 12-Jul-17 ESSEL PROPACK LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 12-Jul-17 ESSEL PROPACK LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 12-Jul-17 ESSEL PROPACK LTD AGM M Re appointment of Mr. Atul Goel as Director For For Attended more than 75% Board meetings

Jul-Sep,2017 12-Jul-17 ESSEL PROPACK LTD AGM M

Appointment of M s Ford rhodes Parks and Co LLP



Payment of remuneration to Cost Auditors M s R

Nanabhoy and Co Cost Accountant For For Normal business


Re designate Mr Ashok Goel as Chairman and

Managing Director For For Attended all Board Meetings.


ZEE ENTERTAINMENT

ENTERPRISES LTD AGM M

To receive consider and adopt the Audited Financial

Statements of the Company For For Normal business


ZEE ENTERTAINMENT


To confirm Dividend paid on Preference Shares for the

financial year ended March 31 2017 For For Normal business


ZEE ENTERTAINMENT


To declare Dividend of Rs 2.50 per Equity share for

the financial year ended March 31 2017 For For Normal business


ZEE ENTERTAINMENT

ENTERPRISES LTD AGM M Re appointment of Mr Subodh Kumar as Director For For Attended all Board Meetings.


ZEE ENTERTAINMENT


Appointment of M s Deloitte Haskins and Sells



ZEE ENTERTAINMENT



Vaibhav P Joshi and Associates Cost Accountant For For Normal business


ZEE ENTERTAINMENT


Re appointment of Mr Manish Chokhani as

Independent Director For For Attended more than 75% Board meetings


ZEE ENTERTAINMENT



books at the place other than Registered Office For For Normal business

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Re appointment of Mr Ashutosh Khajuria as Director For For Attended all Board Meetings.

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M


Accountants together with M s M M Nissim and Co

Chartered Accountants as Joint Auditors For For Normal business

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Payment of remuneration to Branch Auditors For For Normal business


Re appointment of Mr Shyam Srinivasan as Managing

Director and CEO For For Attended all Board Meetings.


Appointment of Mr Ganesh Sankaran as Executive



Payment of remuneration to Mr K M Chandrasekhar as

Chairman of the Bank For For In line with industry standard and law.


Payment of profit related commission to Non

Executive Independent Director of the bank other

than Part Time Chairman For For In line with industry standard and law.


Re appointment of Mr K M Chandrasekhar as



Re appointment of CA Nilesh S Vikamsey as



Re appointment of Mr Dilip G Sadarangani as



Re appointment of Mr Harish H Engineer as

Independent Director For Against Attended less than 75% Board Meetings


Re appointment of Ms Grace E Koshie as Independent



Re appointment of Ms Shubhalakshmi Panse as

Independent Director For For Attended more than 75% Board meetings


Introduce and implement a Scheme for grant of stock

options ESOS 2017 For For Employee incentive scheme

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Alteration of AOA For For In line with company Law

Jul-Sep,2017 14-Jul-17 FEDERAL BANK LTD AGM M Raising of Funds through Issuance of Bonds For For Fund raising for business purpose


Increase of the Borrowing Power of the Bank by Rs

7000 Crore over and above the Paid up Capital and

free reserves of the Bank For For Fund raising for business purpose


VEDANTA LIMITED(EX

SESA STERLITE ) AGM M Adoption of Accounts For For Normal business


VEDANTA LIMITED(EX

SESA STERLITE ) AGM M Confirmation of Dividend For For Normal business


VEDANTA LIMITED(EX

SESA STERLITE ) AGM M Re appointment of Mr Thomas Albanese as Director For For Attended all Board Meetings.


VEDANTA LIMITED(EX

SESA STERLITE ) AGM M

Appointment of M s S R Batliboi and co LLP



VEDANTA LIMITED(EX


Appointment of Mr G R Arun Kumar as Whole time

Director designated as CFO For For Attended all Board Meetings during his tenure.


VEDANTA LIMITED(EX


Re appointment of Mr Thomas Albanese as Whole

time Director For For Attended all Board Meetings.


VEDANTA LIMITED(EX


Re appointment of Mr K Venkataramanan as

Independent Director For For

He bring with him four decades of experience. He was CEO &

Managing Director of L&T from April,2012until his retirement in

September,2015


VEDANTA LIMITED(EX


Re appointment of Mr Aman Mehta as Independent

Director For For

He is an Economics greduate from Delhi University. He has over

39 years experience in various position with HSBC Group .


VEDANTA LIMITED(EX


Appointment of Ms Priya Agarwal as Non Executive

Director For For

She has done B.Sc. Psychology with Business Management from

UK. She has worked in Public relation with Ogilvy & Mather and

in Human Resources with Vedanta Resources and HDFC Bank.


VEDANTA LIMITED(EX

SESA STERLITE ) AGM M Payment of remuneration to Cost Auditors For For Normal business


VEDANTA LIMITED(EX


Offer or invitation to subscribe to Non Convertible

Debentures on Private Placement basis for an amount

upto Rs 20 000 crore For For Fund raising for business purpose


VEDANTA LIMITED(EX


Remuneration paid to Mr Navin Agrwal as Whole time

Director For For

Considering the perfoamance of company, process of amalgmation

, it is in line with industry

Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M

Appointment of M s Abarna and Ananthan and M s R

K Kumar and Co as Statutory Central Auditors for the

year 2017 18 For For Normal business


Appointment of Branch Auditors to audit the accounts

of Branches Offices for the year 2017 18 and fixing

their remuneration For For Normal business


Appointment of Mr D Surendra Kumar as Independent


Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M Appointment of Mr. P Jayarama Bhat as Director For For Attended all Board Meetings.


Payment of remuneration to Mr. P Jayarama Bhat Part

time Non Executive Chairman For For In line with industry

Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M Appointment of Mr Mahabaleshwara M S as Director For For

He has over 32 years of banking operation both at operational and

administrative levels. He joined Karnataka Bank in 1984 as

Agriculture officer and worked in different departments.


Appointment of Mr Mahabaleshwara M S as

Managing Director and CEO and payment of

remuneration and other perquisites to him For For In line with industry

Jul-Sep,2017 17-Jul-17 KARNATKA BANK- AGM M Introduction of Employees Stock Option Scheme 2017 For For Employee incentive scheme

Jul-Sep,2017 18-Jul-17 BATA INDIA LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 18-Jul-17 BATA INDIA LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 18-Jul-17 BATA INDIA LTD AGM M Re appointment of Mr Shaibal Sinha as Director For Against Attended less than 75% Board Meetings.

Jul-Sep,2017 18-Jul-17 BATA INDIA LTD AGM M




ULTRATECH CEMENT

(EX ULTRA TECH CEM AGM M Adoption of Accounts For For Normal business


ULTRATECH CEMENT

(EX ULTRA TECH CEM AGM M Declaration of Dividend For For Normal business


ULTRATECH CEMENT

(EX ULTRA TECH CEM AGM M Re Appointment of Mr D D Rathi as Director For For Attended all Board Meetings.


ULTRATECH CEMENT

(EX ULTRA TECH CEM AGM M

Appointment of M s BSR & Co LLP, Chartered



ULTRATECH CEMENT


Appointment of M s Khimji Kunverji & Co, Chartered

Accountants as Joint Statutory Auditors For For Normal business


ULTRATECH CEMENT


Appointment of M s D C Dave & Co & M s N D Birla

& Co, Cost Accountants as Cost Auditors to conduct

audit of the Cost Records for financial year 31.3.2018 For For Normal business


ULTRATECH CEMENT


Offer or issue securities aggregating to an amount not

exceeding Rs 9,000 crore For For Fund raising for business purpose

Jul-Sep,2017 20-Jul-17 CANARA BANK AGM M

To discuss approve and adopt the Audited Balance

Sheet of the Bank as at 31.3.2017 Profit and Loss

account for the year ended 31.3.2017 and other

relevant matters For For Normal business

Jul-Sep,2017 20-Jul-17 CANARA BANK AGM M

To declare dividend for the financial year 2016 17

subject to RBI s permission For For Normal business

Jul-Sep,2017 20-Jul-17 CANARA BANK AGM M Raising of Equity Capital For For Fund raising for business purpose


KOTAK MAHINDRA

BANK- AGM M

To consider and adopt the audited financial statements

of the Bank for the year ended 31st March 2017 For For Normal business


KOTAK MAHINDRA

BANK- AGM M To declare dividend on equity shares For For Normal business


KOTAK MAHINDRA

BANK- AGM M

To appoint a Director in place of Mr. Mark Newman

who retires by rotation and, being eligible, offers

himself for re appointment For For Attended more than 75% Board meetings


KOTAK MAHINDRA

BANK- AGM M

Appointment of S R Batliboi and Co LLP as Chartered

Accountants For For Normal business


KOTAK MAHINDRA

BANK- AGM M

Reappointment of Prof S Mahendra Dev as an

Independent Director of the Bank For For Attended all Board Meetings.


KOTAK MAHINDRA

BANK- AGM M

To appoint Mr Uday Chander Khanna as an

Independent Director of the Bank who shall hold office

up to 15th September 2021 and that he shall not be

liable to retire by rotation For For Attended all Board Meetings during his tenure.


KOTAK MAHINDRA

BANK- AGM M

Reappointment of Mr Uday S Kotak as Executive Vice

Chairman and Managing Director for the period from

1st January 2018 to 31st December 2020 For For Attended all Board Meetings.


KOTAK MAHINDRA

BANK- AGM M

Reappointment of Mr Dipak Gupta as Whole time



KOTAK MAHINDRA

BANK- AGM M

Approval to borrow in excess of the paid up capital

and free reserves but not exceeding Rs 60000 crores For For Fund raising for business purpose


KOTAK MAHINDRA

BANK- AGM M

Issue unsecured redeemable non convertible

debentures bonds for an amount upto Rs 5000 crore For For Fund raising for business purpose

Jul-Sep,2017 21-Jul-17 KAJARIA CERAMICS LTD CRT M

Scheme of Arrangement between Kajaria Securities

Pvt Ltd Transferor Company or KSPL and Kajaria

Ceramics Ltd and their respective shareholders and

creditors Scheme For For Scheme of Arrangement

Jul-Sep,2017 24-Jul-17 HDFC BANK LTD.EQ AGM M

To receive, consider and adopt the audited financial

statements (standalone and consolidated) of the Bank

for the year ended March 31, 2017 and the Reports of

the Board of Directors and Auditors thereon. For For Normal business

Jul-Sep,2017 24-Jul-17 HDFC BANK LTD.EQ AGM M To declare dividend on equity shares For For Normal business


To appoint a director in place of Mr. Paresh

Sukthankar (DIN 01843099), who retires by rotation

and, being eligible, offers himself for re-appointment. For For Attended all Board Meetings.


To appoint a director in place of Mr. Kaizad Bharucha

(DIN 02490648), who retires by rotation and, being

eligible,offers himself for re-appointment. For For

He has been associated with the bank since 1995 and presently he

is Executive Diretctor


Re-appointment and fixing of the remuneration of

Statutory Auditors For For Normal business


To appoint Mr. Srikanth Nadhamuni (DIN 02551389)

as a Director and in this regard to consider and if

thought fit,to pass, with or without modification(s), the

following resolution as an Ordinary Resolution For For Attended all Board Meetings during his tenure.


To re-appoint Mr. Paresh Sukthankar (DIN

01843099), as Deputy Managing Director and in this

regard to consider and if thought fit, to pass with or

without modification(s), the following resolution as an

Ordinary Resolution For For Attended all Board Meetings.


To re-appoint Mr. Kaizad Bharucha (DIN 02490648),

as Executive Director and in this regard to consider

and if thought fit, to pass with or without

modification(s), the following resolution as an

Ordinary Resolution For For

He has been associated with the bank since 1995 and presently he

is Executive Diretctor


To re-appoint Mrs. Shyamala Gopinath (DIN

02362921) as a Part time Non Executive Chairperson

and Independent Director of the Bank and in this

regard to consider and if thought fit, to pass with or

without modification (s), the following resolution as a

Special Resolution For For Attended all Board Meetings.


To ratify and approve the related party transactions

with Housing Development Finance Corporation

Limited(HDFC Limited) and in this regard to consider

and if thought fit, to pass, with or without

modification(s), the following resolution as an

Ordinary Resolution For For

It is in the nature of ordinary course of business of the bank and on

an arm's length basis


To ratify and approve the related party transactions

with HDB Financial Services Limited (HDBFSL) and

in this regard to consider and if thought fit, to pass,

with or without modification(s), the following

resolution as an Ordinary Resolution For For

It is in the nature of ordinary course of business of the bank and on

an arm's length basis


To Issue Perpetual Debt Instruments (part of

Additional Tier I capital), Tier II Capital Bonds and

Senior Long Term Infrastructure Bonds on a private

placement basis and in this regard to consider and if

thought fit, to pass with or without modification(s) the

following resolution, as a Special Resolution For For Fund raising for business purpose

Jul-Sep,2017 24-Jul-17 MAH N MAH FIN SER AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 24-Jul-17 MAH N MAH FIN SER AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 24-Jul-17 MAH N MAH FIN SER AGM M Re appointment of Mr Ramesh Iyer as Director For For Attended all Board Meetings.

Jul-Sep,2017 24-Jul-17 MAH N MAH FIN SER AGM M



Jul-Sep,2017 24-Jul-17 PVR LTD AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 24-Jul-17 PVR LTD AGM M

To declare a final Dividend of Rs. 2 per Equity Share

for the Financial Year 2016-17 For For Normal business


To appoint a Director in place of Mr. Ajay Bijli (DIN

00531142) who retires by rotation and being eligible

offers himself for re-appointment For For Attended all Board Meetings.


To appoint Ms B S R & Co., LLP, as Statutory

Auditors for a period of five years and to authorize the

Chairman cum Managing Director to fix their

remuneration. For For Normal business


To appoint Mr. Vishal Mahadevia (DIN 01035771) as

Non-Executive non Independent Director on the Board

of the Company. For Abstain Not proper information available


To make offer(s) for subscription of Non-Convertible

Debentures for an amount upto Rs. 500 Crores on

private placement basis. For For Fund raising for business purpose


To approve PVR Employee Stock Option Plan 2017 of

the Company for issue of 3,00,000 equity shares. For For Employee incentive scheme.


To adopt new set of Articles of Association of the

Company. For For As per Company Act

Jul-Sep,2017 26-Jul-17 AXIS BANK LIMITED AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 26-Jul-17 AXIS BANK LIMITED AGM M Declaration of Dividend on the Equity Shares For For Normal business

Jul-Sep,2017 26-Jul-17 AXIS BANK LIMITED AGM M Re appointment of Smt Usha Sangwan as Director For For She is a nominee Director of LIC

Jul-Sep,2017 26-Jul-17 AXIS BANK LIMITED AGM M Re appointment of Shri B Babu Rao as Director For For Attended more than 75% Board Meetings

Jul-Sep,2017 26-Jul-17 AXIS BANK LIMITED AGM M

Appointment of M s S R Batliboi and Co LLP



Revision in the remuneration payable to Dr Sanjiv

Misra as Non Executive Chairman For For In line with industry


Revision in the remuneration payable to Smt Shikha

Sharma as Managing Director and CEO For For In line with industry


Revision in the remuneration payable to Shri V

Srinivasan as Deputy Managing Director For For In line with industry


Revision in the remuneration payable to Shri Rajiv

Anand as Executive Director Retail Banking For For In line with industry


Revision in the remuneration payable to Shri Rajesh

Dahiya as Executive Director Corporate Centre For For In line with industry


Borrowing Raising funds in indian Currency

Foreign Currency by issue of Debt Securities including

but not limited to long term bonds green bonds Non

Convertible Debentures perpetual debt instruments

and Tier II Capital Bonds or such other debt securities

as may be permitted under the RBI guidelines from

time to time on a private placement basis for an

amount of upto Rs 35 000 crore For For Fund raising for business purpose

Jul-Sep,2017 26-Jul-17 INDUSIND BANK DEMAT AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 26-Jul-17 INDUSIND BANK DEMAT AGM M

To declare Dividend on Equity Shares of the Bank for

the Financial Year ended March 31, 2017 For For Normal business


To appoint a Director in place of Mr. Romesh Sobti

(DIN: 00031034), who retires by rotation and, being

eligible,offers himself for re-appointment. For For Attended all Board Meetings.


To appoint statutory auditors and to fix their

remuneration. For For Normal business


Re appointment of Mr R Seshasayee as part time non

executive chairman of the bank For For Attended more than 75% Board Meetings


Borrowing of monies pursuant to Section 180(1)(c) of

the Companies Act, 2013 and otherapplicable

provisions. For For Fund raising for business purpose


Issue of Long-Term Bonds Non-Convertible

Debentures on Private Placement Basis. For For Fund raising for business purpose


KEC.INTERNATIONAL(EX

KEC INFRA) AGM M Adoption of Accounts For For Normal business



KEC INFRA) AGM M Declaration of Dividend For For Normal business



KEC INFRA) AGM M Re appointment of Mr H V Goenka as Director For For Attended all Board Meetings.



KEC INFRA) AGM M

Appointment of Price Waterhouse Chartered

Accountants LLP as Auditors For For Normal business



KEC INFRA) AGM M Authorized to appoint Branch Auditors For For Normal business



KEC INFRA) AGM M

Payment of remuneration to Cost Auditors M s Kirit

Mehta Co Cost Accountant For For Normal business



KEC INFRA) AGM M Adoption of new set of AOA For For As per Company Act


CHOLA INVST.FIN.CO.L(X

CHOLA DBS FI AGM M Adoption of Accounts For For Normal business



CHOLA DBS FI AGM M Declaration of Dividend For For Normal business



CHOLA DBS FI AGM M Re appointment of Mr N Srinivasan as Director For For Attended all Board Meetings.



CHOLA DBS FI AGM M

Appointment of M/s. S.R.Batliboi & Associates LLP




CHOLA DBS FI AGM M

Appointment of Mr N Srinivasan as the executive vice

chairman and managing director For For Attended all Board Meetings.



CHOLA DBS FI AGM M

Appointment of Mr Arun Alagappan as Executive

Director For For

He is Graduate in Commerce, MBA from Cardiff Business School,

Wales,UK. Mr. Arun Alagappan has over 20 years of experience

in the areas of retail business, sales and marketing. His rich

experience in various corporate functions including human

resources and commercial function will benefit the Company.



CHOLA DBS FI AGM M

Offer issue and allot securities aggregating to an

amount upto Rs 11 500 crore For For Fund raising for business purpose


CROMPTON GREAVES

CONSUMER ELECTRICA AGM M




CROMPTON GREAVES

CONSUMER ELECTRICA AGM M To declare dividend on Equity Shares For For Normal business


CROMPTON GREAVES

CONSUMER ELECTRICA AGM M To reappoint Mr Shantanu Khosla as director For For Attended all Board Meetings.


CROMPTON GREAVES


To appoint Sharp and Tannan Chartered Accountants

as Auditors of theCompany For For Normal business


CROMPTON GREAVES


Revision in remuneration of Mr. Shantanu Khosla,

Managing Director of the Company For For

Fix pay is in line with industry while variable will depend upon

performance.


CROMPTON GREAVES


Appointment of Ms. Shweta Jalan as a Director of the

Company For For Attended more than 75% Board Meetings during her tenure.


CROMPTON GREAVES


Appointment of Mr. Sahil Dalal as a Director of the

Company For For Attended more than 75% Board Meetings during his tenure.


CROMPTON GREAVES


Appointment of Mr. Ravi Narain as a Director of the

Company For Against Attended less than 75% Board Meetings during his tenure.


CROMPTON GREAVES


Appointment of Mr. Promeet Ghosh as a Director of

the Company. For For Attended more than 75% Board Meetings during his tenure.


CROMPTON GREAVES


Ratification of remuneration payable to Ashwin

Solanki and Associates Cost Auditors of the Company For For Normal business


CROMPTON GREAVES


Increase in borrowing limits from Rs 1800 crores to Rs

2500 crores For For Fund raising for business purpose


CROMPTON GREAVES


Creation of charges on the movable and immovable

properties of the Company For For Fund raising for business purpose

Jul-Sep,2017 28-Jul-17 ITC LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 28-Jul-17 ITC LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 28-Jul-17 ITC LTD AGM M

Re appointment of Mr Suryakant Balkrishna Mainak

as Director For For Attended all Board Meetings.


Appointment of M s Deloitte Haskins and Sells


Jul-Sep,2017 28-Jul-17 ITC LTD AGM M Appointment of Mr Zafir Alam as Director For For Attended all Board Meetings during his tenure.

Jul-Sep,2017 28-Jul-17 ITC LTD AGM M Appointment of Mr David Robert Simpson as Director For For He is a representative of BTA

Jul-Sep,2017 28-Jul-17 ITC LTD AGM M Appointment of Mr Ashok Malik as Director For For He is a representative of UTI


Payment of remuneration to Mr Yogesh Chander

Deveshwar as Chairman For For

Considering the performance of company and establishing FMCG

business


Payment of remuneration to Mr Sanjiv Puri CEO and

Whole time Director For For

Considering the performance of company and establishing FMCG

business


Appointment of Mr P Raju Iyer Cost Accountants as

Cost Auditors to conduct audit of the Cost Records for

financial year 2017 18 For For Normal business


Payment of remuneration to Cost Auditors M s Shome

and Banerjee Cost Accountant For For Normal business

Jul-Sep,2017 29-Jul-17 J.K.CEMENT LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 29-Jul-17 J.K.CEMENT LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 29-Jul-17 J.K.CEMENT LTD AGM M

Re appointment of Mr Paul Heinz Hugentobler as

Director For For Attended 75% board meetings


Appointment of M s S R Batliboi Co LLP Chartered



Payment of remuneration to Cost Auditors M s K G

Goyal Co Cost Accountant For For Normal business


Issuance of private placed Non Convertible Debentures

upto Rs 500 Crores during 2017 18 For For Fund raising for business purpose


Qualified Institutions Placement for an amount not

exceeding Rs 1000 Crores only by way of issuing

Equity Shares of Rs 10 each at such price or prices on

each share to Qualified Institutional Buyers For For Capital raising


CARBORUNDUM

UNIVERSAL LTD AGM M Adoption of Accounts Standalone For For Normal business


CARBORUNDUM

UNIVERSAL LTD AGM M Adoption of Accounts Consolidated For For Normal business


CARBORUNDUM

UNIVERSAL LTD AGM M Declaration of Dividend For For Normal business


CARBORUNDUM

UNIVERSAL LTD AGM M Re appointment of Mr M M Murugappan as Director For For Attended all Board Meetings.


CARBORUNDUM

UNIVERSAL LTD AGM M

Appointment of M s Price Waterhouse Chartered

Accountants as Statutory Auditors For For Normal business


CARBORUNDUM

UNIVERSAL LTD AGM M Appointment of Mr M A M Arunachalam as Director For For Attended all Board Meetings during his tenure.


CARBORUNDUM

UNIVERSAL LTD AGM M

Appointment of Mr P S Raghavan as Independent

Director For For

He is a qualified solicitor in India and England & Wales with over

25 years of experience. He has in the past worked with reputed

law firms such as Crawford Bayley, Pinsent Manson etc.


CARBORUNDUM

UNIVERSAL LTD AGM M

Appointment of Mr Sujjain S Talwar as Independent

Director For For

He is a Bachelor's in Physics from St. Stephen's College, Delhi as

well as in Electronics & communication Engineering from IIT of

Science. Being in the Indian Foreign Service since 1979, he has

held various diplomatic assignments.


CARBORUNDUM

UNIVERSAL LTD AGM M

Re appointment of Mr K Srinivasan as Managing



CARBORUNDUM

UNIVERSAL LTD AGM M Ratification of Cost Auditor s Remuneration For For Normal business


CARBORUNDUM

UNIVERSAL LTD AGM M

Approval of offer invitation to subscribe to Non

Convertible Debentures on Private Placement basis For For Fund raising for business purpose

Jul-Sep,2017 02-Aug-17

IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M Adoption of accounts For For Normal business


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M Declaration of dividend For For Normal business


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Appointment of Mrs. Eva Maria Rosa Schork who

retires by rotation and being eligible, seeks re

appointment For For Attended all Board Meetings during her tenure.


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Appointment of Ms. B S R and Co. LLP, as Auditors

of the Company for 5 years from financial year 2017

18 to 2021 22 For For Normal business


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Re Appointment of Mr.Hemant M Nerurkar as an



IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Re Appointment of Mr S Radhakrishnan as an



IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M Approval for ESOP 2017 For For Employee incentive scheme


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Approval for Granting of ESOP 2017 to the Employees

of the Holding Company For For Employee incentive scheme


IGARASHI

MOTORS(EX.CG

IGARASHI) AGM M

Approval for amendment of Articles of Association of

the Company For For Internal Management


PNB HOUSING FINANCE



PNB HOUSING FINANCE

LTD AGM M Declaration of dividend For For Normal business


PNB HOUSING FINANCE

LTD AGM M

To appoint Mr. Sunil Kaul as non executive director,

who retires by rotation and, being eligible, offers

himself for re appointment For For Attended more than 75% board meetings


PNB HOUSING FINANCE

LTD AGM M

To appoint the Statutory Auditors and to authorise the

Board of Directors of the Company to fix their

remuneration For For Normal business


PNB HOUSING FINANCE

LTD AGM M

To appoint Mr. Sunil Mehta as an non-executive

director of the Company liable to retire by rotation For For

He is Managing Director & Chief Executive Officer of Punjab

National Bank


PNB HOUSING FINANCE

LTD AGM M

To appoint Mr. Ashwani Kumar Gupta as an

Independent Director of the Company for a five years

term For For

He is a Chartered Accountant. He has over 34 years of experience

in finance, treasury, real estate, securitisation and re-construction

of assets. He has been Government Nominee on the Board of Joint

Sector Companies and Resrve Bank of India Nominee on the

Boards of various banks.


PNB HOUSING FINANCE

LTD AGM M

To appoint Mrs. Shubhalakshmi Panse as an

Independent Director of the Company for a five years

term For For

She has 38 years' experience in the field of banking. She was

CMD of Allahabad Bank.


PNB HOUSING FINANCE

LTD AGM M

Borrow money not exceeding Rupees 80000 crore at

any point of time and to issue non convertible

debentures of face value aggregating up to Rs 35000

crores For For Fund raising for business purpose


PNB HOUSING FINANCE

LTD AGM M

To operationalise Article 86 b of Article of

Associations of the Company For For In line with Company Act


PNB HOUSING FINANCE

LTD AGM M

To ratify PNB Housing Finance Ltd-ESOP Scheme

2016 For For Employee incentive scheme


PNB HOUSING FINANCE

LTD AGM M

Addition of Article 119A in the Articles of Association

of the Company For For In line with Company Act


BAJAJ ELECTRICALS

LTD. - AGM M Adoption accounts For For Normal business


BAJAJ ELECTRICALS

LTD. - AGM M

Declaration of Dividend for the year ended 31 March

2017 For For Normal business


BAJAJ ELECTRICALS

LTD. - AGM M

Re appointment of Shri Madhur Bajaj, who retires by

rotation. For For Promotor Group


BAJAJ ELECTRICALS

LTD. - AGM M

Appointment of Ms. S R B C and Co. LLP, Chartered

Accountants, as the Statutory auditors of the company

and fixing their remuneration For For Normal business


BAJAJ ELECTRICALS

LTD. - AGM M Approval of Cost Auditors remuneration For For Normal business


BAJAJ ELECTRICALS

LTD. - AGM M

Approval for issue of Redeemable Non-Convertible

Debentures on Private Placement Basis. For For Fund raising for business purpose


COLGATE PALMOLIVE

INDS. AGM M Adoption of Accounts For For Normal business


COLGATE PALMOLIVE

INDS. AGM M

Appointment of M s S R B C and Co LLP, Chartered



COLGATE PALMOLIVE

INDS. AGM M Appointment of Mr Jacob Sebastian as Director For For Attended all Board Meetings during his tenure.


COLGATE PALMOLIVE

INDS. AGM M

Appointment of Mr Jacob Sebastian as Whole time



COLGATE PALMOLIVE

INDS. AGM M

Appointment of Mr Chandrasekar Meenakshi

Sundaram as Additional Director For For Attended all Board Meetings during his tenure.


COLGATE PALMOLIVE

INDS. AGM M

Appointment of Mr Chandrasekar Meenakshi

Sundaram as Whole time Director For For Attended all Board Meetings during his tenure.


COLGATE PALMOLIVE

INDS. AGM M

Payment of commission to Non Executive Independent

Director For For In line with Company Act


COLGATE PALMOLIVE

INDS. AGM M


books at the place other than Registered Office For For Internal Management

Jul-Sep,2017 03-Aug-17 CUMMINS INDIA LTD AGM M

Adoption of the audited standalone financial statement

of the Company for the Financial Year ended March

31, 2017, the reports of the Board of Directors and

Auditors thereon. For For Normal business


Adoption of the audited consolidated financial

statement of the Company for the Financial Year

ended March 31, 2017 and the reports of the Auditors

thereon. For For Normal business


Approval of Final Dividend for the Financial Year

ended March 31, 2017 and to ratify the Interim

Dividend declared by the Board of Directors For For Normal business


Appointment of a director in place of Ms. Suzanne

Wells, who retires by rotation and being eligible, seeks

re-appointment. For Against Attended less than 75% Board Meetings


Ratification of appointment of Auditors to hold office

from the conclusion of this Annual General Meeting

till the conclusion of Company s next Annual General

Meeting. For For Normal business

Jul-Sep,2017 03-Aug-17 CUMMINS INDIA LTD AGM M Appointment of Mr. Norbert Nusterer as a Director For For Attended all Board Meetings during his tenure.


Ratification of remuneration payable to the Cost

Auditors of the Company for the Financial Year 2017



Approval on material related party transaction with

Cummins Limited, UK. For For

It is in the nature of ordinary course of business of the company

and on an arm's length basis


Approval on material related party transaction with

Tata Cummins Private Limited For For




Payment of commission to Independent Non Executive

Directors of the Company. For For In line with Company Act


IPCA LABORATORIES

LTD AGM M Adoption of Accounts For For Normal business


IPCA LABORATORIES

LTD AGM M Declaration of Dividend For For Normal business


IPCA LABORATORIES

LTD AGM M Re appointment of Mr Prashant Godha as Director For For Attended all Board Meetings.


IPCA LABORATORIES

LTD AGM M Re appointment of Mr Premchand Godha as Director For For Attended all Board Meetings.


IPCA LABORATORIES

LTD AGM M

Appointment of M s G M Kapadia and Co Chartered



IPCA LABORATORIES

LTD AGM M

Payment of remuneration to Cost Auditors M s ABK

and Associates Cost Accountant For For Normal business


MAHINDRA AND

MAHINDRA LTD. AGM M Adoption of Accounts For For Normal business


MAHINDRA AND

MAHINDRA LTD. AGM M Declaration of Dividend For For Normal business


MAHINDRA AND

MAHINDRA LTD. AGM M Re appointment of Dr Pawan Goenka as Director For For Attended all Board Meetings.


MAHINDRA AND

MAHINDRA LTD. AGM M




MAHINDRA AND

MAHINDRA LTD. AGM M


Dave and Co Cost Accountant For For Normal business


MAHINDRA AND

MAHINDRA LTD. AGM M

Appointment of Mr T N Manoharan as Independent



MAHINDRA AND

MAHINDRA LTD. AGM M

Appointment of Mr Anand G Mahindra as Executive

Chairman For For Attended all Board Meetings.


MAHINDRA AND

MAHINDRA LTD. AGM M

Appointment of Dr Pawan Goenka as Managing



MAHINDRA AND

MAHINDRA LTD. AGM M Borrow upto Rs 5000 crore For For Fund raising for business purpose


RBL BANK (XRATNAKAR

BANK AGM M

To consider and adopt Standaloneand Consolidated

Financial Statements For For Normal business


RBL BANK (XRATNAKAR

BANK AGM M To declare dividend on equity shares For For Normal business


RBL BANK (XRATNAKAR

BANK AGM M To re appoint Mr Narayan Ramachandran as Director For For He is Non-Executive Part-time Chairman of the Bank


RBL BANK (XRATNAKAR

BANK AGM M

To appoint Statutory Auditors and fix their



RBL BANK (XRATNAKAR

BANK AGM M To appoint Branch Auditors and fix their remuneration For For Normal business


RBL BANK (XRATNAKAR

BANK AGM M

Payment of Remuneration by way of profit linked

commission to the Non executive Directors other

thanChairman For For In line with Company Act


RBL BANK (XRATNAKAR

BANK AGM M Increase in Authorised Share Capital For For Capitalisation of the bank


RBL BANK (XRATNAKAR

BANK AGM M

Alteration in the Memorandum of Association on

account of increase in authorised share capital For For Capitalisation of the bank


RBL BANK (XRATNAKAR

BANK AGM M Increase in Borrowing Powers For For Fund raising for business purpose


RBL BANK (XRATNAKAR

BANK AGM M Issue of Debt Securities on Private Placement basis For For Fund raising for business purpose


RBL BANK (XRATNAKAR

BANK AGM M

Revision in the remuneration of Mr Vishwavir Ahuja

Managing Director and CEO For For In line with Industry


RBL BANK (XRATNAKAR

BANK AGM M Further issue of equity shares on preferential basis For For Capitalisation of the bank


THE RAMCO CEMENTS

LTD(EX MADRAS CEM AGM M Adoption of Accounts For For Normal business


THE RAMCO CEMENTS

LTD(EX MADRAS CEM AGM M Declaration of Dividend For For Normal business


THE RAMCO CEMENTS

LTD(EX MADRAS CEM AGM M

Re appointment of Mr P R Venketrama Raja as



THE RAMCO CEMENTS


Appointment of M/S Ramakrishna Raja and Co & M s

SRSV & Associates Chartered Accountants as

Auditors For For Normal business


THE RAMCO CEMENTS


Appointment of Mr P R Venketrama Raja as

Managing Director For For Attended all Board Meetings.


THE RAMCO CEMENTS


Approval for making offer or invitation to subscribe to

Secured Non Convertible Debentures For For Fund raising for business purpose


THE RAMCO CEMENTS


Ratification of fee payable to M s Geeyes & Co Cost

Accountants Cost Auditors for the financial year 2017



BRITANNIA INDUSTRIES

LTD AGM M

To receive consider and adopt the Audited Standalone

and Consolidated Financial Statements For For Normal business



LTD AGM M

To declare dividend for the financial year ended 31

March 2017 For For Normal business



LTD AGM M To reappoint Mr A K Hirjee as director For Against Attended less than 75% Board Meetings



LTD AGM M

To ratify the appointment of Ms B S R and Co LLP


Company For For Normal business



LTD AGM M

To approve the appointment of Dr Ajay Shah as an

Independent Director For For Attended all Board Meetings during his tenure.



LTD AGM M

To approve the appointment of Dr Y S P Thorat as an

Independent Director For For Attended all Board Meetings during his tenure.


ASTRAL POLY TECHNIK



ASTRAL POLY TECHNIK

LTD AGM M To confirm interim dividend on equity shares For For Normal business


ASTRAL POLY TECHNIK

LTD AGM M To declare final dividend on equity shares For For Normal business


ASTRAL POLY TECHNIK

LTD AGM M

To consider re appointment of Mr Anil Kumar Jani as

director For For Attended more than 75% Board Meetings


ASTRAL POLY TECHNIK

LTD AGM M

To approve appointment of auditors and to fix their



ASTRAL POLY TECHNIK

LTD AGM M

To re appoint Mrs Jagruti Engineer as Whole time

director For For Attended all Board Meetings.


ASTRAL POLY TECHNIK

LTD AGM M

To approve offer or invitation to subscribe to non

convertible debentures on private placement basis For For Fund raising for business purpose


ASTRAL POLY TECHNIK

LTD AGM M

To ratify remuneration of the cost auditors for the

financial year 31 March 2018 For For Normal business

Jul-Sep,2017 08-Aug-17 EICHER MOTORS LTD AGM M

To review consider and adopt the Audited Financial

Statements For For Normal business


To declare a dividend of Rs 100 per equity share for

the financial year ended March 31 2017 For For Normal business


To appoint Ms S R Batliboi and Co LLP Chartered

Accountants as Statutory Auditors of the Company For For Normal business


To consider and approve payment of remuneration to

Mr Siddhartha Lal as Managing Director For For Performance of Company is better. In line with Company Act


To consider and ratify remuneration of Cost Auditor

payable for the financial year 2016 17 For For Normal business

Jul-Sep,2017 08-Aug-17 TATA STEEL(EX TISCO) AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 08-Aug-17 TATA STEEL(EX TISCO) AGM M Declaration of dividends For For Normal business

Jul-Sep,2017 08-Aug-17 TATA STEEL(EX TISCO) AGM M

Appointment of Director in place of Mr. Dinesh

Kumar Mehrotra, who retires by rotation and being

eligible, seeks re appointment For For Attended more than 75% Board Meetings


Appointment of Director in place of Mr. Koushik

Chatterjee, who retires by rotation and being eligible,

seeks re appointment For For Attended all Board Meetings.


Appointment of Price Waterhouse and Co Chartered

Accountants LLP, Chartered Accountants as Statutory

Auditors of the Company For For Normal business

Jul-Sep,2017 08-Aug-17 TATA STEEL(EX TISCO) AGM M Appointment of Mr. N. Chandrasekaran, as a Director For For Attended all Board Meetings durin his tenur.


Appointment of Dr. Peter (Petrus) Blauwhoff as an

Independent Director For For Attended all Board Meetings durin his tenur.


Appointment of Mr. Aman Mehta, as an Independent

Director For For He holds a Graduate Degree in Economics from Delhi University. He has over 39 years of experience in various positions with HSBC Group.


Appointment of Mr. Deepak Kapoor, as an

Independent Director For For He is a Fellow Memebr of The Institute of Chartered Accountants of India. He has been associated with PwC India for over 30 years.


Ratification of the remuneration of Messrs Shome and

Banerjee, Cost Auditors of the Company For For Normal business


Issue of Non Convertible Debentures on Private

Placement Basis not exceeding Rs 10,000 crore For For Fund raising for business purpose


ADANI PORTS N SPL

ECO(X-MUNDR PORT) AGM M Adoption of audited financial statements For For Normal business


ADANI PORTS N SPL

ECO(X-MUNDR PORT) AGM M Declaration of Dividend on Equity Shares For For Normal business


ADANI PORTS N SPL

ECO(X-MUNDR PORT) AGM M Declaration of Dividend on Preferences Shares For For Normal business


ADANI PORTS N SPL

ECO(X-MUNDR PORT) AGM M Re appointment of Mr Rajesh S Adani as a Director For For Promotor Group


ADANI PORTS N SPL

ECO(X-MUNDR PORT) AGM M

Appointment of Ms Deloitte Haskins and Sells LLP




ADANI PORTS N SPL


Re appointment of Mr Gautam S Adani as Managing

Director of the Company For For Promotor Group


ADANI PORTS N SPL


Appointment of Mr Karan Adani as a Director liable to

retire by rotation For For Promotor Group


ADANI PORTS N SPL


Appointment of Mr Karan Adani as CEO and Whole

Time Director of the Company For For Promotor Group


ADANI PORTS N SPL


Approval of offer or invitation to subscribe to

Securities for an amount not exceeding Rs 5000 crores For For Fund raising for business purpose


ADANI PORTS N SPL


Approval of offer or invitation to subscribe to Non

Convertible Debentures on private placement basis For For Fund raising for business purpose


MCLEOD RUSSEL INDIA



MCLEOD RUSSEL INDIA



MCLEOD RUSSEL INDIA

LTD AGM M Re appointment of Mr R Takru as Director For For Attended all Board Meetings.


MCLEOD RUSSEL INDIA

LTD AGM M Re appointment of Mr K K Baheti as Director For For Attended all Board Meetings.


MCLEOD RUSSEL INDIA

LTD AGM M

Appointment of M s Deloitte Haskins & Sells LLP,



MCLEOD RUSSEL INDIA

LTD AGM M

Re appointment of Mr Aditya Khaitan as Managing



MCLEOD RUSSEL INDIA

LTD AGM M

Remuneration payable to Mr A Khaitan as Managing

Director For For In line with industry and Act


MCLEOD RUSSEL INDIA

LTD AGM M

Waiver of recovery of excess remuneration paid to Mr

Aditya Khaitan For Against Performance of the company was not good


MCLEOD RUSSEL INDIA

LTD AGM M

Re appointment of Mr Rajeev Takru as Whole time



MCLEOD RUSSEL INDIA

LTD AGM M

Re appointment of Mr Azam Monem as Whole time

Director For For Attended more than 75% Board Meetings


MCLEOD RUSSEL INDIA

LTD AGM M

Re appointment of Mr Kamal Kishore Baheti as Whole



MCLEOD RUSSEL INDIA

LTD AGM M Adoption of new set of AOA For For As per Company Act


MCLEOD RUSSEL INDIA

LTD AGM M

Payment of remuneration to Cost Auditors M s Mani

& Co, M s SPK Associates, M s Kumar & Associates

& M s DGM & Associates, Cost Accountant For For Normal business


MCLEOD RUSSEL INDIA

LTD AGM M

Maintainance of Register of Members and other

related books at the place other than Registered Office For For Internal Management

Jul-Sep,2017 10-Aug-17 BHARAT FORGE LTD.- AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 10-Aug-17 BHARAT FORGE LTD.- AGM M

Confirmation of Interim Dividend and declaration of

Final Dividend For For Normal business

Jul-Sep,2017 10-Aug-17 BHARAT FORGE LTD.- AGM M Re appointment of Mr G K Agarwal as Director For For Attended all Board Meetings.

Jul-Sep,2017 10-Aug-17 BHARAT FORGE LTD.- AGM M Re appointment of Mr Kishore M Saletore as Director For For Attended all Board Meetings.


Appointment of M s S R B C and Co LLP Chartered




Dhananjay V Joshi and Associates Cost Accountant For For Normal business


DHANUKA AGRITECH

LTD AGM M

To receive consider and adopt the Audited Standalone

and Consolidated Balance Sheet of the Company For For Normal business


DHANUKA AGRITECH

LTD AGM M

To declare Dividend for the Financial Year ended on

31 March 2017 For For Normal business


DHANUKA AGRITECH

LTD AGM M To reappoint Mr Ram Gopal Agarwal as director For For Attended more than 75% Board Meetings


DHANUKA AGRITECH

LTD AGM M To reappoint Mr Rahul Dhanuka as director For For Attended all Board Meetings.


DHANUKA AGRITECH

LTD AGM M To reappoint Mr Mridul Dhanuka as director For Against Attended less than 75% Board Meetings


DHANUKA AGRITECH

LTD AGM M

To appoint Ms Ambani and Associates LLP Chartered



DHANUKA AGRITECH

LTD AGM M

To consider and ratify the remuneration and

appointment of Ms Chander and Associates Cost

Accountants as cost auditors For For Normal business


DHANUKA AGRITECH

LTD AGM M

To consider and appoint Mr Balvinder Singh Kalsi as

Independnt director For For Attended all Board Meetings during his tenure.


DHANUKA AGRITECH

LTD AGM M

To appoint Mr Ram Gopal Agarwal as whole time

director For For Attended more than 75% Board Meetings


DHANUKA AGRITECH

LTD AGM M To appoint Mr Ashish Saraf as whole time director For For Attended all Board Meetings during his tenure.

Jul-Sep,2017 11-Aug-17 BLUE STAR LTD- AGM M Adoption of Financial Statement For For Normal business

Jul-Sep,2017 11-Aug-17 BLUE STAR LTD- AGM M

Confirmation of Final dividend on equity shares of the

company For For Normal business


Reappointment of Mr Vir S Advani who retires by

rotation For For Attended all Board Meetings.


Ratification of appointment of Ms S R B C and Co

LLP Chartered Accountants as Statutory Auditors and

fixing their Remuneration For For Normal business


Ratification of remuneration of Ms Narasimha Murthy

and Co Hyderabad Cost Accountants for financial year

ending March 31 2017 For For Normal business


Appointment of Mr Rajiv R Lulla as Non Executive

Director of the Company For For Attended all Board Meetings during his tenor.


Appointment of Mr Dinesh N Vaswani as Non

Executive Director of the Company For Against Attended less than 50 % Board Meetings during his tenor.


Appointment of Mr Sam Balsara as an Independent

Director of the Company For For

Mr Sam Balsara is Chairman & Managing Director of Madison

World, which is amongst India’s largest media buying and

communication agencies. He holds a Bachelors degree in

Commerce and a post graduate diploma from Jamnalal Bajaj

Institute of Management Studies. He has vast experience in

marketing, advertising and media. He has also held various stints

in Sarabhai’s, Cadbury India Ltd, Contract Advertising Company

(WPP) and Mudra Communications, before founding Madison

World in 1988.


Modification in Managerial Remuneration payable to

Mr Vir S Advani Managing Director and Mr B

Thiagarajan Joint Managing Director For For It is in line with Industry and Company Act

Jul-Sep,2017 11-Aug-17 CIPLA LTD/INDIA AGM M

Receive consider and adopt the standalone and

consolidated financial statements of the Company for

the financial year ended 31st March 2017 and the

report of the Board of Directors and of the Auditors

thereon For For Normal business

Jul-Sep,2017 11-Aug-17 CIPLA LTD/INDIA AGM M Declaration of dividend on equity shares For For Normal business


Re appointment of Mr S Radhakrishnan as director

liable to retire by rotation For For Attended all Board Meetings.


Ratification of appointment of Walker Chandiok and

Co LLP as statutory auditors For For Normal business


Appointment of Ms Ireena Vittal as an Independent

Director For Against Attended less than 75% of Board Meetings


Appointment of Mr Peter Lankau as an Independent

Director For For Attended all during his tenor Board Meetings.


Revision in the terms of appointment of Ms Samina

Vaziralli Executive Vice Chairperson For For Attended all Board Meetings.


Ratification of remuneration of cost auditor for the



Authorise issuance of equity shares securities

convertible into equity shares For For Capital raising for business purpose

Jul-Sep,2017 11-Aug-17 CIPLA LTD/INDIA AGM M Authorise issuance of debt securities For For Fund raising for business purpose

Jul-Sep,2017 11-Aug-17 ESSEL PROPACK LTD PB M

Approval to make investments give loans guarantees

and provide securities For For For Wholly owned subsidiary and/or joint venture


VST TILLERS TRACTORS

LTD AGM M

Adoption of Financial Statements for the year ended

31st March 2017 For For Normal business



LTD AGM M To declare dividend for the year 2016 17 For For Normal business



LTD AGM M

Appointment of Mr V V Pravindra a Director who

retires by rotation and eligible for re appointment For For Attended all Board Meetings.



LTD AGM M

To ratify appointment of of Ms K S Rao and Co

Chartered Accountants as Auditors and fix their




LTD AGM M

To Approve the remuneration of the Cost Auditors for

the financial year ending March 31 2018 For For Normal business



LTD AGM M

Alteration of Articles of Association of the Company to

align with Companys Act 2013 For For As per Company Act



LTD AGM M To ratify the appointment of Whole time Director For For In line with Industry

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Confirmation of Interim Dividend For For Normal business

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Declaration of Final Dividend For For Normal business

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Re appointment of Mrs Khushali S Solanki as Director For For Attended all Board Meetings.

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M




Re appointment of Mr Yashwant M Patel as Whole


Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Enter into various related party transactions For For




Payment of remuneration to Cost Auditors M s Kiran J

Mehta and Co Cost Accountant For For Normal business

Jul-Sep,2017 14-Aug-17 AIA ENGINEERING LTD. AGM M Alteration of AOA For For As per Company Act


Maintainance of Register of Members and other

related books at the place other than Registered Office For For Internal Management


LIC HOUSING FINANCE

LTD. AGM M Adoption of Accounts For For Normal business


LIC HOUSING FINANCE

LTD. AGM M Declaration of Dividend For For Normal business


LIC HOUSING FINANCE

LTD. AGM M Re appointment of Ms Usha Sangwan as Director For For Attended more than 75 % Board Meetings during her tenor.


LIC HOUSING FINANCE

LTD. AGM M

Appointment of M/s. Chokshi & Chokshi, LLP,

Chartered Accountants & M s Shah Gupta and Co

Chartered Accountants as Joint Statutory Auditors For For Normal business


LIC HOUSING FINANCE

LTD. AGM M

Offer or invitation to subscribe to Non Convertible

Debentures on Private Placement basis for an amount

upto Rs 57 000 crore For For Fund raising for business purpose


LIC HOUSING FINANCE

LTD. AGM M Appointment of Mr Vinay Sah as Director For For He is Managing Director & Chief Executive Officer


LIC HOUSING FINANCE

LTD. AGM M

Appointment of Mr Jagdish Capoor as Independent

Director For Against Attended less than 75 % Board Meetings during his tenor.


LIC HOUSING FINANCE

LTD. AGM M Appointment of Ms Savita Singh as Director For Against Attended less than 75 % Board Meetings during her tenor.


MANGALORE REFINERY

+ PETROCHEMICALS AGM M Adoption of Accounts For For Normal business


MANGALORE REFINERY

+ PETROCHEMICALS AGM M Re appointment of Mr Vinod S Shenoy as Director For For Attended all Board Meetings during his tenor.


MANGALORE REFINERY

+ PETROCHEMICALS AGM M Declaration of Dividend of Rs 6 per Equity Share For For Normal business


MANGALORE REFINERY

+ PETROCHEMICALS AGM M Appointment of Joint Auditors For For Normal business


MANGALORE REFINERY

+ PETROCHEMICALS AGM M

Appointment of Ms Manjula C as Independent

Director For For Attended all Board Meetings during her tenor.


MANGALORE REFINERY

+ PETROCHEMICALS AGM M Payment of remuneration to Cost Auditors For For Normal business


MANGALORE REFINERY

+ PETROCHEMICALS AGM M

Offer issue and allot Non Convertible Debentures

aggregating to an amount upto Rs 3000 crore For For Fund raising for business purpose


MOTHERSON SUMI

SYSTEMS LTD AGM M

Adoption of Financial Statements for the year ended

March 31 2017 For For Normal business


MOTHERSON SUMI

SYSTEMS LTD AGM M Declaration of dividend on equity shares For For Normal business


MOTHERSON SUMI

SYSTEMS LTD AGM M

Re appointment of Mr Pankaj Mital who retires by

rotation being eligible seek re appointment For For Attended all Board Meetings.


MOTHERSON SUMI

SYSTEMS LTD AGM M Appointment of Auditor and fixing their remuneration For For Normal business


MOTHERSON SUMI

SYSTEMS LTD AGM M

Re appointment of Mr Pankaj Mital as Whole time

Director of the Company For For Attended all Board Meetings.


MOTHERSON SUMI

SYSTEMS LTD AGM M

Ratification of the remuneration of the Cost Auditor

for the Financial Year 2017 18 For For Normal business

Jul-Sep,2017 22-Aug-17 LARSEN N TOUBRO AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 22-Aug-17 LARSEN N TOUBRO AGM M

Dividend on equity shares for the financial year 2016



Appoint Mr. Sushobhan Sarker as a Director liable to

retire by rotation. For For Attended more than 75 % Board Meetings.


Appoint Mr. Shailendra Roy as a Director liable to

retire by rotation For For Attended all Board Meetings.


Appoint Mr. R. Shankar Raman as a Director liable to

retire by rotation For For Attended all Board Meetings.


Re appoint Mr. Subodh Bhargava as an Independent

Director For For Attended more than 75 % Board Meetings.


Appoint Mr. S.N. Subrahmanyan as the Chief

Executive Officer and Managing Director of the

Company. For For Attended all Board Meetings.


Appoint Mr. Jayant Damodar Patil as a Director liable

to retire by rotation For For

He is post-graduate in Mechanical Engineering from IIT Mumbai.

He joined L&T in 1978 and was involved in expanding company's

Technology & product Group.


Appoint Mr. Arvind Gupta as a Director liable to

retire by rotation. For For

He is a nominee of SUUTIHe has over 24 years of experience in

diverse sectors in variety of leadership, policy and entreprenurial

profile in India and Silicon Valley, USA.


Appoint Mr. Jayant Damodar Patil as a Whole time

Director of the Company. For For

He is post-graduate in Mechanical Engineering from IIT Mumbai.

He joined L&T in 1978 and was involved in expanding company's

Technology & product Group.


Raise funds through issue of convertible bonds and or

equity shares through depository receipts and including

by way of Qualified Institution Placement, to Qualified

Institutional Buyers for an amount not exceeding Rs

4000 Crore or US Dollar 600 million, whichever is

higher. For For Fund raising for business purpose


Issue listed/unlisted secured/unsecured redeemable

non convertible debentures, in one or more series

tranches currencies, aggregating up to Rs. 6000 crore. For For Fund raising for business purpose


Ratification of appointment of Ms. Deloitte Haskins

and Sells LLP as Statutory Auditors of the Company For For Normal business


Ratification of remuneration payable to Ms R.

Nanabhoy and Co. Cost Accountants for the financial


Jul-Sep,2017 22-Aug-17 LARSEN N TOUBRO CRT M

Resolution approving Scheme of Amalgamation of

Spectrum Infotech Private Limited (Transferor

Company) with Larsen and Toubro Limited

(Transferee Company) pursuant to sections 230 to 232

and other applicable provisions, if any, of the

Companies Act, 2013 For For Amalgmation of business


TATA MOTORS ORD

SHRS CLASS A DVR AGM M Adoption of Accounts For For Normal business


TATA MOTORS ORD

SHRS CLASS A DVR AGM M Re appointment of Dr Ralf Speth as Director For For Attended all Board Meetings.


TATA MOTORS ORD

SHRS CLASS A DVR AGM M




TATA MOTORS ORD


Appointment of Mr Natarajan Chandrasekaran as

Director For For Attended all Board Meetings during his tenor.


TATA MOTORS ORD


Appointment of Mr Om Prakash Bhatt as Independent

Director For For

He is a graduate in Science. He has served as Chairman of State

Bank of India.


TATA MOTORS ORD


Re appointment of Mr Satish Borwankar as Executive

Director & Chief Operating Officer and payment of

remuneration For For Attended all Board Meetings.


TATA MOTORS ORD

SHRS CLASS A DVR AGM M Payment of Remuneration to the Cost Auditor For For Normal business


TATA MOTORS ORD


Offer or invite for Subscription of Non Convertible

Debentures on private placement basis For For Fund raising for business purpose

Jul-Sep,2017 23-Aug-17 CITY UNION BANK LTD.- AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 23-Aug-17 CITY UNION BANK LTD.- AGM M To declare Dividend for the Financial Year 2016 17 For For Normal business

Jul-Sep,2017 23-Aug-17 CITY UNION BANK LTD.- AGM M

To appoint a Director in the place of Justice (Retd)

S.R. Singharavelu , who retires by rotation and being

eligible, offers himself for re appointment For For Attended more than 75 % Board Meetings.


Appointment of Ms Sundaram and Srinivasan,

Chartered Accountants, Chennai as Statutory Central

Auditors of the Bank for FY2017 18 For For Normal business


Approval for appointment of Branch Auditors and to

fix their remuneration For For Normal business


Re appointment of Dr. N. Kamakodi as Managing

Director and CEO of the Bank For For Attended all Board Meetings.


Appointment of Shri. Subramaniam Narayanan as


He, PGDM-IIM(A), FCA, FCS, CWA, served as the Chief

Executive Officer of First India Asset Management Company Ltd.

He has two decades experience in Capital Market activities

predominantly in fund management, private equity investments.


Appointment of Shri. R. Mohan as Independent

Director. For For Attended all Board Meetings.


Profit Related Commission to Non Executive Directors

of the Bank for FY2016 17 For For In line wit company act.

Jul-Sep,2017 23-Aug-17 CITY UNION BANK LTD.- AGM M Approval for raising capital through QIPIssue For For Capitalisation


Approval for grant of stock options to employees of the

bank under CUB ESOS Scheme 2017. For For Emplyee incentive scheme

Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M




To receive consider and adopt the Audited

Consolidated Financial Statements of the Company For For Normal business


To declare a dividend on Equity Shares for the

financial year ended 31st March 2017 For For Normal business

Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M To appoint Ms Sandhya S Kudtarkar as director For For Attended more than 75 % Board Meetings.


To appoint S R B C and CO LLP Chartered


Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M Appointment of Mr. N. Chandrasekaran as a Director For For He is a Chairman of the company.

Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M Appointment of Mr. S. Padmanabhan as a Director For For Attended all Board Meetings during his tenor..


Appointment of Ms. Anjali Bansal as a Director and as

an Independent Director For For Attended all Board Meetings during her tenor..


Appointment of Ms. Vibha Padalkar as a Director and

as an Independent Director For For Attended all Board Meetings during her tenor..


Appointment of Mr. Sanjay V. Bhandarkar as a

Director and as an Independent Director For For Attended all Board Meetings during his tenor..


Appointment of Mr. K. M. Chandrasekhar as a

Director and as an Independent Director For For

He served as IAS officer more than 25 years and worked in

different capacity in various Government Department.


Re-appointment of Mr. Ashok S. Sethi as COO and

Executive Director For For Attended all Board Meetings.


Revision in terms of remuneration of Mr. Anil

Sardana, CEO and Managing Director For For In line with industry and company act.


Private placement of Non Convertible Debentures or

Bonds For For Fund raising for business purpose.


Increase in the Authorised Share Capital of the

Company For For Capitalisation of compamy


Alteration of the Memorandum of Association of the

Company For For In line with act

Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M Appointment of Branch Auditors For For Normal business

Jul-Sep,2017 23-Aug-17 TATA POWER CO LTD AGM M Ratification of Cost Auditors Remuneration For For Normal business


TVS SRICHAKRA(EX-

SRICHAKRA TYRES AGM M Adoption of accounts For For Normal business


TVS SRICHAKRA(EX-

SRICHAKRA TYRES AGM M Declaration of dividends For For Normal business


TVS SRICHAKRA(EX-

SRICHAKRA TYRES AGM M

Reappointment of Mr P Vijayaraghavan holding DIN

00633205 as director For For Attended more than 75 % Board Meetings.


TVS SRICHAKRA(EX-


To appoint Ms PKF Sridhar & Santhanam ICAI

Registration No 003990S S200018 Chartered

Accountants Chennaito hold office as Statutory

Auditors of the Company and to authorize the Board of

Directors of the Company to fix theirremuneration For For Normal business


TVS SRICHAKRA(EX-


Ratification of payment to Dr I Ashok who was

appointed as Cost Auditor of the Company for the



TVS SRICHAKRA(EX-


Appointment of Mr R Naresh holding DIN 00273609

as Managing Director of the Company liable to retire

by rotation for a term of three 3 years with effect from

1662017 and for the payment of remuneration For For Attended all Board Meetings.


INTERGLOBE AVIATION

LTD AGM M

Adoption of the Audited Standalone and Consolidated

financial statements for the financial year ended March

31,2017 For For Normal business


INTERGLOBE AVIATION

LTD AGM M

Declaration of Final Dividend of Rs.34 per equity

share for the financial year ended March 31,2017 For For Normal business


INTERGLOBE AVIATION

LTD AGM M

Re appointment of Mrs.Rohini Bhatia as a Director of

the Company, who retires by rotation. For Against Attended less than 75% Board Mettings.


INTERGLOBE AVIATION

LTD AGM M

Ratification of appointment of B S R and Co.

LLP,Chartered Accountants,as Statutory Auditors of

the Company. For For Normal business


INTERGLOBE AVIATION

LTD AGM M Approval for further issue of securities For For Fund raising for business purpose.

Jul-Sep,2017 28-Aug-17 K.P.R.MILL LTD AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 28-Aug-17 K.P.R.MILL LTD AGM M To declare dividend on equity shares For For Normal business

Jul-Sep,2017 28-Aug-17 K.P.R.MILL LTD AGM M To re appoint Sri C R Anandakrishnan as director For For Attended all Board Meetings.

Jul-Sep,2017 28-Aug-17 K.P.R.MILL LTD AGM M

To appoint MS BSR and Co LLP Chartered

Accountants as statutory auditors of the company For For Normal business

Jul-Sep,2017 28-Aug-17 K.P.R.MILL LTD AGM M Ratification of remuneration to cost auditors For For Normal business


INDIAN OIL

CORPORATION LTD AGM M Adoption of accounts For For Normal business


INDIAN OIL

CORPORATION LTD AGM M

To declare the final dividend of Rs 1 per equity share

for the year 2016 17 and to confirm the interim

dividend of Rs 18 per equity share paid during the year

2016 17 For For Normal business


INDIAN OIL

CORPORATION LTD AGM M To reappoint Shri Verghese Cherian as director For For Attended all Board Meetings.


INDIAN OIL

CORPORATION LTD AGM M To reappoint Shri Anish Aggarwal as director For For Attended more than 75% Board Meetings.


INDIAN OIL

CORPORATION LTD AGM M To appoint Dr S S V Ramkumar as director For For Attended all board meetings during his tenor


INDIAN OIL

CORPORATION LTD AGM M To ratify remuneration of the cost auditors For For Normal business


INDIAN OIL

CORPORATION LTD AGM M

To approve the issuance of debentures on private

placement basis For For Fund raising for business purpose.

Jul-Sep,2017 31-Aug-17 PIDILITE INDUSTRIES () AGM M

Adoption of audited financial statements of the


Jul-Sep,2017 31-Aug-17 PIDILITE INDUSTRIES () AGM M Declaration of dividend on Equity Shares For For Normal business

Jul-Sep,2017 31-Aug-17 PIDILITE INDUSTRIES () AGM M Re appointment of Shri N K Parekh as a Director For For Attended all board meetings.

Jul-Sep,2017 31-Aug-17 PIDILITE INDUSTRIES () AGM M Re appointment of Shri A N Parekh as a Director For For Attended all board meetings.


Ratification of appointment of Ms Deloitte Haskins

AND Sells as Statutory Auditors For For Normal business


Ratification of payment of remuneration to Ms V J

Talati and Co Cost Auditors For For Normal business


Adoption of new Articles of Association of the

Company For For As per Company Act

Jul-Sep,2017 05-Sep-17

MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M Adoption of accounts For For Normal business


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M Declaration of dividend For For Normal business


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

To appoint a director in place of Mr. Toshihiro Suzuki

,who retires by rotation and being eligible, offers

himself for reappointment For For Attended all board meetings.


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

To appoint a director in place of Mr. Shigetoshi Torii ,

who retires by rotation and being eligible, offers

himself for re-appointment. For For Attended all board meetings.


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

Ratification of appointment of Deloitte Haskins &

Sells LLPas Auditors. For For Normal business


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

Re appointment of Mr. Shigetoshi Torii as a Whole

time Director designated as Director (Production) For For Attended all board meetings.


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

Appointment of Ms. Renu Sud Karnad as an

independent Director For For

Her experience and qualification in her professional field shall be

beneficial to the interest of the company.


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

Ratification of remuneration of the cost auditors, Ms

R. J. Goel & Co., cost accountants For For Normal business


MARUTI

SUZUKI(I)LTD(EX-

MARUTI UDYOG AGM M

Adoption of new set of Memorandum and Articles of

Association. For For As per Company Act


CAPITAL FIRST LIMITED

(X FUTURE CAP PB M

To increase the shareholding limit for registered

FIIs/PFIs up to an aggregate limit of 50 percent of the

paid up equity share capital of the copany For For Investor friendly measure


CAPITAL FIRST LIMITED

(X FUTURE CAP PB M

To approve appointment of Dr Mrs Brinda Jagirdar as

a Non Executive Independent director of the company For For

Her experience and qualification in her professional field shall be

beneficial to the interest of the company.

Jul-Sep,2017 08-Sep-17 SYMPHONY LTD AGM M Adoption of accounts For For Normal business

Jul-Sep,2017 08-Sep-17 SYMPHONY LTD AGM M Declaration of dividend For For Normal business

Jul-Sep,2017 08-Sep-17 SYMPHONY LTD AGM M Re appointment of Ms Jonaki Bakeri as a director For For Attended all board meetings.

Jul-Sep,2017 08-Sep-17 SYMPHONY LTD AGM M

Ratification of appointment of auditors and fixation of

renuneation For For Normal business

Jul-Sep,2017 08-Sep-17 SYMPHONY LTD AGM M

Re appointment of Mr Achal Bakeri as a Managing

Director For For Attended all board meetings.

Jul-Sep,2017 08-Sep-17 YES BANK LTD PB M

Sub division of 1 (one) Equity Share of face value of

Rs 10 each fully paid up into 5 (five) Equity Shares of

Rs 2 each fully paid up For For To improve liquidity

Jul-Sep,2017 08-Sep-17 YES BANK LTD PB M

Alteration of Capital Clause of Memorandum of

Association For For To meet Capital


BALKRISHNA

INDUSTRIES LTD AGM M Adoption of Accounts For For Normal business


BALKRISHNA

INDUSTRIES LTD AGM M

Confirm 1st Interim Dividend of Rs 1.50 per Equity

Shares, 2nd Interim Dividend of Rs 2.00 per Equity

Shares and 3rd Interim Dividend of Rs 2.00 per Equity

Shares, aggregating to Rs 5.50 per Equity Shares,

already paid for the financial year ended 31.03.2017

and to declare a Final Dividend on Equity Shares For For Normal business


BALKRISHNA

INDUSTRIES LTD AGM M Re appointment of Mrs Vijaylaxmi Poddar as Director For For Attended all board meetings.


BALKRISHNA


Appointment of M s N G Thakrar & Co, Chartered



BALKRISHNA


Re appointment of Mr Vipul Shah as Whole time

Director For For Attended all board meetings.


BALKRISHNA


Charging of Fees from the Members for the delivery of

Documents through a particular mode For For Recovery of expenses

Jul-Sep,2017 12-Sep-17 GAIL (INDIA) LTD - AGM M

Adoption of audited Financial Statements and audited

consolidated financial statements. For For Normal business


Approval of Final Dividend for the financial year

ended 31 March, 2017 and to confirm the payment of

Interim Dividend already paid in February, 2017 For For Normal business


Appoint a Director in place of Dr. Ashutosh Karnatak,

who retires by rotation, and being eligible, offers

himself for re-appointment. For For Attended more than 75% Board Meetings


Authorization to the Board of Directors to fix the

remuneration of the Joint Statutory Auditors for FY

2017 18 For For Normal business


Approval for appointment of Shri Dinkar Prakash

Srivastava as Independent Director, not liable to retire

by rotation. For For Attended all board meetings during his tenor


Approval for appointment of Dr Anup K Pujari as

Independent Director, not liable to retire by rotation For For Attended all board meetings during his tenor


Approval for appointment of Shri P. K. Gupta as

Director,liable to retire by rotation. For For Attended all board meetings during his tenor


Approval for appointment of Shri Gajendra Singh as

Director,liable to retire by rotation. For For Goverenment Nominee Director


Approval for ratification of remuneration of the Cost

Auditors for FY 2016-17 and authorization to the

Board of Directors to fix the remuneration for FY 2017-

18. For For Normal business


Approval for Material Related Party Transactions with

Petronet LNG Limited for FY 2017 18 For For



Jul-Sep,2017 12-Sep-17 GAIL (INDIA) LTD - AGM M Increase in Authorized Share Capital of the Company. For For To raise capital

Jul-Sep,2017 12-Sep-17 GAIL (INDIA) LTD - AGM M Issue, consolidate, re issue of debt securities For For Fund Raising for business purpose

Jul-Sep,2017 12-Sep-17 GAIL (INDIA) LTD - AGM M Approval for Private Placement of Securities For For Fund Raising for business purpose

Jul-Sep,2017 13-Sep-17 HINDALCO INDS LTD() AGM M Adoption of the Audited financial statements For For Normal business

Jul-Sep,2017 13-Sep-17 HINDALCO INDS LTD() AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 13-Sep-17 HINDALCO INDS LTD() AGM M

Re-appointment of Mr AK Agarwala Director retiring

by rotation For For Attended more than 75% Board Meetings


Appointment of Statutory Auditors viz Ms Price

Waterhouse and Co Chartered Accountants LLP For For Normal business


Ratification of the remuneration of the Cost Auditors

viz Ms Nanabhoy and Co for the financial year ending



Approval for offer or invitation to subscribe to Non

Convertible Debentures on a private placement basis For For Fund Raising for business purpose

Jul-Sep,2017 14-Sep-17 COFFEE DAY ENT LTD AGM M

Adoption of Financial Statements and Reports of the

Board of Directors and the Auditors thereon. For For Normal business

Jul-Sep,2017 14-Sep-17 COFFEE DAY ENT LTD AGM M Re-appointment of Mrs.Malavika Hegde as Director For For Attended 75% board meetings


Ratification of appointment of Auditor, Ms.B.S.R and

CO LLP, Chartered Accountants, as Statutory

Auditors. For For Normal business


Issue of Non - Convertible Debentures on Private

Placement Basis For For Fund Raising for business purpose

Jul-Sep,2017 15-Sep-17 GULF OIL LUBRICANTS INDAGM M Adoption of accounts For For Normal business


GULF OIL LUBRICANTS

IND AGM M

To declare dividend on equity shares for the financial

year ended March 31, 2017 For For Normal business


GULF OIL LUBRICANTS

IND AGM M

To appoint a Director in place of Mr. Sanjay G.

Hinduja, who retires by rotation and being eligible,

offers himself for re-appointment For For Attended all board meetings.


GULF OIL LUBRICANTS

IND AGM M

To ratify the appointment of Ms Price Waterhouse,

Chartered Accountants as Auditors from the

conclusion of this Annual General Meeting until the

conclusion of the next Annual General Meeting and

authorize Board to fix their remuneration For For Normal business


GULF OIL LUBRICANTS

IND AGM M

To re-appoint Mr. Ravi Chawla as Managing Director

of the Company. For For Attended all board meetings.


GULF OIL LUBRICANTS

IND AGM M

To ratify the remuneration to the Cost Auditors for the

FY 2017 18 For For Normal business

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Re appointment of Mr K D Tripathi as Director For For Attended all board meetings.

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Re appointment of Mr Subir Purkayastha as Director For For Attended more than 75% Board Meetings

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Re appointment of Mr D K Sarraf as Director For For Attended all board meetings.

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M

Appointment of M s T R Chadha & Co LLP, Chartered


Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Appointment of Mr G K Satish as Director For For Attended all board meetings during his tenor

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Appointment of Mr T Natarajan as Director For For Attended all board meetings during his tenor

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Appointment of Mr D Rajkumar as Director For For Nomineee director of BPCL


Payment of remuneration to Cost Auditors M s K L

Jaisingh & Co, Cost Accountant For For Normal business

Jul-Sep,2017 15-Sep-17 PETRONET LNG LTD AGM M Enter into various related party transactions For For




Appointment of Mr Subhash Kumar as Director

(Finance) For For

He joined ONGC in 1985 as Finance & Accounts officer and

having experience of working with ONGC Videsh.


Extend the tenure of Rajendra Singh as Director

(Technical) For For Attended all board meetings.


Increase the FII FPI shareholding limits from 30

percent to 40 percent For For Investor friendly measures


NBCC (INDIA) LTD(X

NATIONAAL AGM M Adoption of Accounts For For Normal business


NBCC (INDIA) LTD(X

NATIONAAL AGM M Declaration of Dividend For For Normal business


NBCC (INDIA) LTD(X

NATIONAAL AGM M

Re appointment of Mr Rajendra Ramsharan Chaudhari

as Director For For Attended more than 75% board meetings


NBCC (INDIA) LTD(X

NATIONAAL AGM M Appointment of Auditors For For Normal business


NBCC (INDIA) LTD(X

NATIONAAL AGM M

Payment of remuneration to Cost Auditors M s Ajay

Kumar Singh & Co, New Delhi Cost Accountant for

the financial year ended 31.03.2017 For For Normal business


NBCC (INDIA) LTD(X

NATIONAAL AGM M

Payment of remuneration to Cost Auditors M s Ajay

Kumar Singh & Co, Cost Accountant for the financial

year ended 31.03.2018 For For Normal business


NBCC (INDIA) LTD(X

NATIONAAL AGM M Appointment of Mr Manoj Kumar as Director For For He is a Government Nominee Director


WHIRLPOOL OF INDIA



WHIRLPOOL OF INDIA

LTD AGM M

Declaration of final dividend for the financial year

ended March 31, 2017 For For Normal business


WHIRLPOOL OF INDIA

LTD AGM M

Re-appointment of Mr. Anil Berera, as Director who

retires by rotation For For Attended all board meetings.


WHIRLPOOL OF INDIA

LTD AGM M

Appointment of Ms MZSK & Associates, Chartered

Accountants, as Auditors from the conclusion of 56th

AGM until the conclusion of the 61st AGM For For Normal business


WHIRLPOOL OF INDIA

LTD AGM M

Ratification of remuneration of Ms R. J. Goel & Co.,

Cost accountants as Cost auditors for FY 2017-18

(Ordinary Resolution) For For Normal business


POWER GRID

CORPORATION LTD. AGM M


Statements of the Company for the Financial Year

ended 31st March 2017 the Reports of the Board of

Directors and Auditors thereon For For Normal business


POWER GRID


To note the payment of interim dividend and declare

final dividend for the financial year 2016 17 For For Normal business


POWER GRID


To appoint a director in place of Shri Ravi P Singh

who retires by rotation and being eligible offers

himself for re appointment For For Attended all Board Meetings


POWER GRID


To fix the remuneration of the statutory auditors for

the financial year 2017 18 For For Normal business


POWER GRID

CORPORATION LTD. AGM M Appointment of Mr K Sreekant as Director For For Attended all board meetings during his tenor


POWER GRID

CORPORATION LTD. AGM M Appointment of Mr Prabhakar Singh as Director For For Attended all board meetings during his tenor


POWER GRID


Appointment of Mr Tse Ten Dorji as Independent

Director For Against Attended less than 75% Board meetings during his tenor


POWER GRID


Appointment of Mr Jyotika Kalra as Independent

Director For For Attended all board meetings during her tenor


POWER GRID



Chandra Wadhwa and Co Cost Accountant and M s R

M Bansal and Co Cost Accountant as the Joint Cost

Auditors For For Normal business


POWER GRID


Increase in Borrowing Limits from an aggregate

amount not exceeding Rs 150000 crore to Rs 180000

crore For For Fund raising for business purpose.


POWER GRID


Raise funds up to Rs 20000 crore from domestic

market through issue of Secured Unsecured Non

Convertible Non Cumulative Redeemable taxable tax

free Debentures Bonds under Private Placement For For Fund raising for business purpose.


POWER GRID


To alter the objective clause of the Memorandum of

Association of the company in line with the Companies

Act 2013 For For In line with Company Act


POWER GRID


To alter the Articles of Association of the company in

line with the provisions of Companies Act 2013 For For In line with Company Act


BHARAT ELECTRONICS



BHARAT ELECTRONICS



BHARAT ELECTRONICS

LTD AGM M Re appointment of Mr Nataraj Krishnappa as Director For For Attended all board meetings.


BHARAT ELECTRONICS

LTD AGM M Appointment of Mrs Anandi Ramalingam as Director For For Attended all board meetings during her tenor


BHARAT ELECTRONICS

LTD AGM M

Appointment of Mr M V Gowtama as Chairman &

Managing Director For For Attended all board meetings during his tenor


BHARAT ELECTRONICS

LTD AGM M Appointment of Mr R N Bagdalkar as Director For For Attended all board meetings during his tenor


BHARAT ELECTRONICS

LTD AGM M

Payment of remuneration to Cost Auditors M s GNV

& Associates Cost Accountant For For Normal business


BHARAT ELECTRONICS

LTD AGM M Issue of Bonus Shares For For Investor friendly measures


ORACLE FINA.SER.(EX-

IFLEX SOLUTION) AGM M Adoption of Accounts For For Normal business



IFLEX SOLUTION) AGM M Re appointment of Ms Maria Smith as Director For For Attended more than 75% Board Meetings



IFLEX SOLUTION) AGM M Confirmation of Dividend For For Normal business



IFLEX SOLUTION) AGM M

Appointment of M s Mukund M Chitale & Co




IFLEX SOLUTION) AGM M Appointment of Ms Kimberly Woolley as Director For For Attended all board meetings during her tenor



IFLEX SOLUTION) AGM M Appointment of Branch Auditors For For Normal business


BEML LTD(EX-BHARAT

EARTH MOVERS LTD AGM M

Approval of Audited Financial Statements including

Consolidate Financial Statement for the year 2016 17

along with reports of Board and Auditors thereon For For Normal business


BEML LTD(EX-BHARAT


Consider and declare the Dividend for the year 2016



BEML LTD(EX-BHARAT


Re election of Shri Aniruddh Kumar as Director Rail

and Metro Business For For Attnded more than 75% Board Meetings.


BEML LTD(EX-BHARAT

EARTH MOVERS LTD AGM M Re election of Shri Sanjay Prasad as Director For For Attnded more than 75% Board Meetings.


BEML LTD(EX-BHARAT


Fixation of remuneration of the Statutory Auditors for

the year 2017 18 For For Normal business


BEML LTD(EX-BHARAT


Ratification of Remuneration to Cost Auditors for the


Jul-Sep,2017 21-Sep-17 HCL TECHNOLOGIES LTD AGM M Adoption of Financial Statements For For Normal business

Jul-Sep,2017 21-Sep-17 HCL TECHNOLOGIES LTD AGM M

Re appointment of Mr. Sudhindar Krishan Khanna as


Jul-Sep,2017 21-Sep-17 HCL TECHNOLOGIES LTD AGM M Ratification of appointment of Statutory Auditors For For Normal business


Re appointment of Mr. Shiv Nadar as the Managing



Appointment of Mr. Deepak Kapoor as an Independent

Director of the Company For For

He is a Fellow member of The Institute of Chartered Accountants

of India and a memebr of The Certified Fraud Examiners, USA.

He is the former Chairman and CEO of PwC India and has about

40 years of rich experience.

Jul-Sep,2017 22-Sep-17 SUN TV NETWORK LTD.- AGM M Adoption of financial statements For For Normal business

Jul-Sep,2017 22-Sep-17 SUN TV NETWORK LTD.- AGM M Confirmation of interim dividend For For Normal business

Jul-Sep,2017 22-Sep-17 SUN TV NETWORK LTD.- AGM M Reappointment of Mr S Selvam as director For For Attended all Board Meetings.

Jul-Sep,2017 22-Sep-17 SUN TV NETWORK LTD.- AGM M Appointment of statutory auditor For For Normal business

Jul-Sep,2017 22-Sep-17 SUN TV NETWORK LTD.- AGM M Ratification of remuneration to cost auditor For For Normal business

Jul-Sep,2017 23-Sep-17 BHARAT FORGE LTD.- PB M

Increase in Authorised Share Capital and consequent

alteration to the Capital Clause of the Memorandum of

Association. For For Capitalisation

Jul-Sep,2017 23-Sep-17 BHARAT FORGE LTD.- PB M Issue of Bonus shares For For Investor friendly measures

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M

To receive consider and adopt the Financial

Statements of the Company for the financial year

ended 31st March 2017 For For Normal business

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M To declare final dividend For For Normal business


To appoint a director in place of Mr Chandrakant Birla

DIN 00118473 who retires by rotation and being

eligible seeks reappointment For For Attended all Board Meetings.

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M To ratify the appointment of Statutory Auditors For For Normal business


To appoint Mr I Y R Krishna Rao DIN 00481367 as an

Independent Director For Abstain Full information not vailable.


To waive the recovery of excess remuneration paid to

Mr Desh Deepak Khetrapal Managing Director &

CEO DIN 02362633 of the Company for thefinancial

year 2016 2017 For Against Company has incurred loss during FY 2016-17


To approve the terms of remuneration of Mr Desh

Deepak Khetrapal Managing Director & CEO DIN

02362633 For For In line with Industry

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M To approve conversion of loan into equity For For To improve balance sheet and capitalisation

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M To approve paying commission to directors For For In line with Act

Jul-Sep,2017 23-Sep-17 ORIENT CEMENT LTD AGM M To approve increasing the borrowing limits For For Fund raising for business purpose.


To approve creation of Charges Mortgages on the

movable and immovable properties of the Company

both present and future in respect of borrowings For For Fund raising for business purpose.


To fix the remuneration of Mr. Somnath Mukherjee

Cost Auditor of theCompany For For Normal business


To approve raising of funds through issuance of

securities For For Fund raising for business purpose.


AMBUJA CEMENT(EX

GUJ AMB CEM) PB M

Payment of additional performance bonus to Mr Ajay

Kapur, Managing Director and CEO for the corporate

financial year 2016 For For In line with performance of the company.


AMBUJA CEMENT(EX

GUJ AMB CEM) PB M

Revision in the terms of payment of remuneration to

Mr Ajay Kapur Managing Director and CEO For For In line with performance of the company.


SECURITY ANDINTELL

SERIND AGM M Adoption of accounts For For Normal business


SECURITY ANDINTELL

SERIND AGM M

To appoint a director in place of Mrs. Rita Kishore

Sinha, Non-Executive Director, who retires by rotation

and, being eligible, offers herself for re-appointment For For Attended more than 75% Board Meetings.


SECURITY ANDINTELL

SERIND AGM M

To appoint Ms. Saxena and Saxena, Chartered

Accountants as Statutory Auditors of the Company and

to fix their Remuneration. For For Normal business


SECURITY ANDINTELL

SERIND AGM M

Appointment of Mr. Devdas Apte as Independent

Director of the Company to hold office for a period of

5 years For For Attended all Board Meetings.


SECURITY ANDINTELL

SERIND AGM M

Re-appointment of Mr. Ashok Kumar Mattoo,

Independent Director of the Company, to hold office

for a period of 5 years For For Attended more than 75% Board Meetings.


SECURITY ANDINTELL

SERIND AGM M

Re-appointment of Mr. Amrendra Prasad Verma,


for a period of 5 years For For Attended all Board Meetings.


SECURITY ANDINTELL

SERIND AGM M

Re-appointment of Mr. Arun Kumar Batra,


for a period of 5 years For For Attended all Board Meetings.


SECURITY ANDINTELL

SERIND AGM M

Modification of terms of appointment of Mr. Arvind

Kumar Prasad, Director Finance of the Company For For He is the part of the Company's top management since 1985


SECURITY ANDINTELL

SERIND AGM M Alteration of Articles of Association For For In line with Industry


SECURITY ANDINTELL

SERIND AGM M Ratification of Employee Stock Option Plan Â– 2016 For For Employee incentive scheme.


SECURITY ANDINTELL

SERIND AGM M Approval of right to appoint a Nominee Director For For Full information not available.


TI FIN HOLD LTD (X

TUBE INV IND FV2 AGM M

Adoption of Audited Financial Statements of the

Company for the financial year ended 31st March,

2017, the Reports of the Board of Directors and the

Auditors thereon For For Normal business


TI FIN HOLD LTD (X

TUBE INV IND FV2 AGM M

Adoption of Audited Consolidated Financial

Statements of the Company for the financial year

ended 31st March, 2017 and the Reports of the

Auditors thereon For For Normal business

Jul-Sep,2017 25-Sep-17 TI FIN HOLD LTD AGM M

Confirmation of Interim Dividend of Rs.1.25 per share

already paid for the financial year ended 31st March,


Jul-Sep,2017 25-Sep-17 TI FIN HOLD LTD AGM M Appointment of Mr. N Srinivasan as Director For For Attended all Board Meetings.


Ratification of appointment Ms. S R Batliboi &

Associates LLP as Statutory Auditors of the Company

for the financial year, 2017-18 and fixing their



Appointment of Mr. A Vellayan as Director, liable to

retire by rotation For For

He has work experience of more than three decades. He is the

Executive Chairman of the Murugappa Group. He is, currently,

the Chairman of E.I.D Parry ( India) Ltd and Coromandel

International Ltd.

Jul-Sep,2017 25-Sep-17 TI FIN HOLD LTD AGM M Appointment Mr. M B N Rao as Independent Director For For

He has over 47 years of varied experience in the field of banking,

Finance, economics, technology, human resources, marketing,

treasury and administration. He is also the former Chairman and

Managing Director of Canara Bank. And Indian Bank.


Appointment Mrs. Shubhalakshmi Panse as


She has over four decades of experience in the field of Banking.

She has served as Chairperson cum Managing Director of

Allahabad Bank.


Appointment of Mr. N Ganesh as Manager of the

Company, in terms of the Companies Act, 2013 & the

Rules thereunder and the terms thereof For Abstain Full information not available.

Jul-Sep,2017 26-Sep-17 RELIANCE CAPITAL LTD AGM M Adoption of Accounts For For Normal business

Jul-Sep,2017 26-Sep-17 RELIANCE CAPITAL LTD AGM M Declaration of Dividend For For Normal business

Jul-Sep,2017 26-Sep-17 RELIANCE CAPITAL LTD AGM M

Re appointment of Shri Amitabh Jhunjhunwala as

Director For For Attneded all Board Meetings.


Appointment of M s Pathak H D and Associates



Appointment of M s Price Waterhouse and Co


Jul-Sep,2017 26-Sep-17 RELIANCE CAPITAL LTD AGM M Adoption of new set of AOA For For In line with Act


Making offers or invitations to subscribe to Secured

Unsecured Redeemable Non Convertible Debentures

including but not limited to subordinated Debentures

bonds and other debt securities etc on a private

placement basis For For Fund raising for business purpose.

Jul-Sep,2017 26-Sep-17 RELIANCE CAPITAL LTD AGM M Issue of securities to the Qualified Institutional Buyers For For Capitalisation of balance sheet.


SADBHAV.ENGINEERING



SADBHAV.ENGINEERING

LTD AGM M Declaration of Dividend on Equity Shares. For For Normal business


SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Nitin R. Patel who retires by

rotation For For Attended more than 75% Board Meetings.


SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Vipul H. Patel who retires by

rotation For For Attended more than 75% Board Meetings during his tenor..


SADBHAV.ENGINEERING

LTD AGM M

Appointment of Statutory Auditors and fixing their



SADBHAV.ENGINEERING

LTD AGM M To approve and ratify Related Party Transactions. For For




SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Arun S. Patel as an Independent



SADBHAV.ENGINEERING

LTD AGM M

Appointment of Mr. Shashin V. Patel as a Chairman &

Managing Director of the Company for a period of

three Years For For Attended more than 75% Board Meetings.


SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Nitin R. Patel as a Whole-time

Director Designated as an Executive Director of the

Company for further period of three Years. For For Attended more than 75% Board Meetings.


SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Vasistha C. Patel as a Whole-

time Director Designated as an Executive Director of

the Company for further period of three Years For For Attended all Board Meetings.


SADBHAV.ENGINEERING

LTD AGM M

Reappointment of Mr. Vikram R. Patel as a Whole-

time Director Designated as an Executive Director of

the Company for further period of three Years. For Against Attended less than 75% Board Meetings


SADBHAV.ENGINEERING

LTD AGM M

To approve the place of keeping and inspection of

Registers, Returns etc For For In line with Act


SADBHAV.ENGINEERING

LTD AGM M Alteration of Articles of Association. For For In line with Act


SADBHAV.ENGINEERING

LTD AGM M Ratification of Remuneration to Cost Auditor For For Normal business


INDRAPRASTHA GAS

LTD AGM M


Statements of the Company and the Audited

Consolidated Financial Statements of the Company

forthe financial year ended 31st March 2017 For For Normal business


INDRAPRASTHA GAS

LTD AGM M

To confirm the payment of Interim Dividend on equity

shares and to declare a Final Dividend on equity

shares for the Financial Year ended 31st March 2017 For For Normal business


INDRAPRASTHA GAS

LTD AGM M

Approval of remuneration payable to Statutory

Auditors of the Company For For Normal business


INDRAPRASTHA GAS

LTD AGM M

Appointment of Shri Ramesh Srinivasan as a Director

of the Company For For Attended all Board Meetings during his tenor


INDRAPRASTHA GAS

LTD AGM M

Appointment of Shri Manoj Jain as a Director of the

Company For For Attended all Board Meetings during his tenor


INDRAPRASTHA GAS

LTD AGM M

Appointment of Smt. Varsha Joshi as a Director of the

Company For For She is nominated by Government of NCT of Delhi.


INDRAPRASTHA GAS

LTD AGM M

Ratification of the remuneration payable to Cost

Auditors of the Company for the financial year ending



INDRAPRASTHA GAS

LTD AGM M

Approval of material Related Party Transactions under

a contract entered with GAIL India Limited for APM

gas. For For




INDRAPRASTHA GAS

LTD AGM M

Approval of material Related Party Transactions under

a contract entered with GAIL India Limited for PMT

gas. For For




INDRAPRASTHA GAS

LTD AGM M Approval of Sub division of Shares. For For To improve liquidity


INDRAPRASTHA GAS

LTD AGM M

Approval of amendment of in Clause V of

Memorandum of Association of the Company For For In line with company act


INDRAPRASTHA GAS

LTD AGM M

Approval of amendment of Article 3 of Articles of

Association of the Company. For For In line with company act

Oct-Dec,2017 07-Oct-17 INFOSYS LIMITED PB M Buyback of Equity shares of the Company For ForInvestor friendly measure

Oct-Dec,2017 07-Oct-17 INFOSYS LIMITED PB M Appointment of D Sundaram as Independent Director For For

He is Fellow of the Institute of Cost and Management

Accountants. His experience spans corporate finance,

Oct-Dec,2017 07-Oct-17 INFOSYS LIMITED PB M

Appointment of Nandan M Nilekani as Non Executive

Non Independent Director For For

His rich and wide experience will help the performance of

the company

Oct-Dec,2017 07-Oct-17 INFOSYS LIMITED PB M Appointment of U B Pravin Rao as Managing Director For ForHe is COO of the company

Oct-Dec,2017 06-Nov-17 TUBE INVST AGM M

Adoption of Audited Financial Statements of the

Company for FY 2016-17, Reports of the Board of

Directors and Auditors thereon For ForNormal business


Adoption of Audited Consolidated Financial

Statements of the Company for FY 2016-17 and

Reports of the Auditors thereon For ForNormal business

Oct-Dec,2017 06-Nov-17 TUBE INVST AGM M Declaration of Dividend For For Normal business

Oct-Dec,2017 06-Nov-17 TUBE INVST AGM M Appointment of Mr. L Ramkumar as Director For For Attended all Board Meetings.


Appointment of M/s. S R Batliboi & Associates LLP

as Statutory Auditors for a period of 5 consecutive

financial years and fixing the remunerationin respect

thereof For For

Normal business

Oct-Dec,2017 06-Nov-17 TUBE INVST AGM M Appointment of Mr. M M Murugappan as Director. For ForHe is the Chairman of the company.

Oct-Dec,2017 06-Nov-17 TUBE INVST AGM M Appointment of Mr. Vellayan Subbiah as Director. For For

He is B Tech in Civil Engineering from IIT of Madras. He

joined Murugappa Group in 2005, steering its BPO Arm


Appointment of Mr. S Sandilya as Independent

Director for a 1 year term For For

He is a Post Graduate Diploma in Management from IIM,

Ahmedabad. He is the Group Chairman of Eicher Group.


Appointment of Mr. Hemant M Nerurkar as

Independent Director for a 1 year term. For For

He is a B.Tech in Metallurgical Engineering and has

undergone management courses in India and overseas. He

has a rich experience of working with Tata Steel.


Appointment of Ms. Madhu Dubhashi as Independent


She is an Economics(Hon.) Graduate and has PG Diploma in

Management from IIM-Ahmedabad. She has an experience

of nearly four decades in the Financial/ financial service

sector.


Appointment of Mr. Pradeep V Bhide as Independent


Mr. Pradeep, I.A.S. (Retd.), is a Graduate in Science and Law.

In a career spanning 38 years in the Indian Administrative

Service, he has held senior positions at the State and Central

Level.


Appointment of Mr. L Ramkumar as Managing

Director from 1st August, 2017 to the date of the

Company For For

Attended all Board Meetings.


Appointment of Mr. Vellayan Subbiah as Managing

Director (Designate)/ Managing Director for a 5 year

term and the terms thereof For For

He is B Tech in Civil Engineering from IIT of Madras. He

joined Murugappa Group in 2005, steering its BPO Arm


Issue of Non-Convertible Debentures for an aggregate

sum of Rs. 400 Crores on private placement basis For For

Fund raising for Business purpose.


Ratification of remuneration payable to M/s. S

Mahadevan & Co., Cost Auditor, for FY 2016-17. For ForNormal business


Ratification of remuneration payable to M/s. S

Mahadevan & Co., Cost Auditor, for FY 2017-18. For ForNormal business

Oct-Dec,2017 14-Nov-17

INTERGLOBE AVIATION

LTD PB M

Extending travel benefits to the Non-Executive

Independent Directors of the Company For Against

It is not related for business purposes. It allows unlimited

confirmed ticket in all flights operated by the company

Oct-Dec,2017 14-Nov-17

INTERGLOBE AVIATION

LTD PB M

Authority to the Board of Directors to give loans and

guarantees, provide security and make investment in

securities of other bodies corporate pursuant to Section

186 of the Companies Act, 2013 For For

To deploy surplus fund in in mutual funds and securities of

body corporate and to give loan and security.

Oct-Dec,2017 29-Nov-17 MAH N MAH FIN SER EGM M

Further Issue of Securities through Qualified

Institutions Placement For ForFund raising for Business purpose.

Oct-Dec,2017 29-Nov-17 MAH N MAH FIN SER EGM M Approval of Related Party Transaction For For

Issue of equity shares to promotor company in line with SEBI

Guidelines

Oct-Dec,2017 29-Nov-17 MAH N MAH FIN SER EGM M

Preferential Allotment of Equity Shares to Mahindra &

Mahindra Limited For For

Issue of equity shares to promotor company in line with SEBI

Guidelines

Oct-Dec,2017 05-Dec-17

INDRAPRASTHA GAS

LTD PB M

Re appointment of Mr S S Rao as Independent

Director For ForAttended all Board Meetings


INDRAPRASTHA GAS

LTD PB M

Re appointment of Prof V Ranganathan as Independent

Director For ForAttended all Board Meetings


INDRAPRASTHA GAS

LTD PB M

Re appointment of Mr Santosh Kumar Bajpai as

Independent Director For ForAttended all Board Meetings

Oct-Dec,2017 08-Dec-17 AXIS BANK LIMITED EGM M

Issue of Investor 1 Equity Shares, Investor 2 Equity

Shares and Investor 3 Convertible Warrants, on a

preferential basis For For

Capitalisation of balance sheet.


Issue of Investor 4 Equity Shares, Investor 5 Equity

Shares, Investor 6 Equity Shares, Investor 7 Equity

Shares, Investor 8 Equity Shares, Investor 4

Convertible Warrants, Investor 5 Convertible Warrants

and Investor 6 Convertible Warrants, on a preferential

basis For For

Capitalisation of balance sheet.


Issue of Promoter Investor Equity Shares, on a

preferential basis For ForCapitalisation of balance sheet.

Oct-Dec,2017 08-Dec-17 HINDUSTAN UNILEVER PB M

Appointment of Mr Srinivas Phatak as whole time

director of the company For For

He is a Chartered Accountant joined company in 1999. He has

worked in various roles in the company.

Oct-Dec,2017 12-Dec-17 ESSEL PROPACK LTD PB M

To Issue and allot Non- Convertible Debentures / Debt

Securities by way of private placement up to Rs. 200

crores as described in detail in the Notice. For ForFund raising for Business purpose.

Oct-Dec,2017 12-Dec-17 ESSEL PROPACK LTD PB M

To approve and adopt new set of regulations of

Articles of Associations of the Company pursuant to

applicable provisions of the Companies Act, 2013. For For

In line with Company Act

Oct-Dec,2017 13-Dec-17 PNB HOUSING FIN LTD PB M

Approval of ex-gratia payment to the senior

management team For For

Strong growth in the business and profitability of company,

warrants a reward to the employees.

Oct-Dec,2017 13-Dec-17 PNB HOUSING FIN LTD PB M

Approval of payment of commission to independent

directors For For

Strong growth in the business and profitability of company,

warrants a reward to the employees.


BALKRISHNA

INDUSTRIES LTD PB M Issue of Bonus Shares For For Investor friendly measures


MAHINDRA AND

MAHINDRA LTD. PB M

Ordinary Resolution for Issue of Bonus Ordinary

(Equity) Shares in the proportion of 1:1, i.e. 1 (One)

Bonus Ordinary (Equity) Share of Rs. 5 each for every

1 (One) fully paid-up Ordinary (Equity) Share of Rs. 5

each of the Company held by the Members as on the

Record Date. For For Investor friendly measures

Oct-Dec,2017 21-Dec-17 CEN DEP SER IND LTD PB M

Nomination rights on the Board of Central Depository

Services (I) Ltd. (CDSL) For ForIn line with Articles of Association


Divestment of shares in CDSL Commodity Repository

Limited (CCRL) For ForDivestment of stake


Appointment of Shri K.V. Subramanian as a

Shareholder Director For ForNominee Director of Standard Chartered Bank

Oct-Dec,2017 22-Dec-17 BANK OF BARODA EGM M

Candidate no. 1 Smt. Soundara Kumar for election of

two share holder directors. For AbstainAdequate information not available


Candidate no. 2 Shri Srinivasan Sridhar for election of

two share holder directors. For For

He is a qualified C.A. having over 30 years of work

experience in fields of Bankings


Candidate no. 3 Shri Arun Lahu Chogle for election of

two share holder directors. For AbstainAdequate information not available


Candidate no. 4 Dr. Naresh Kumar Drall for election

of two share holder directors. For AbstainAdequate information not available


Candidate no. 5. Shri Bharatkumar D Dangar for

election of two share holder directors. For For

He has 22 years of experience in the fields of Rural Economy,

Agriculture, Financing of Small and Medium Enterprise.

Jan-Mar,2018 18-Jan-18 ULTRATECH CEMENT PB M

Increase in limits for investment in the equity share

capital of the Company by Registered Foreign Portfolio

Investors including Foreign Institutional Investors from For For Investors' friendly measures

Jan-Mar,2018 19-Jan-18 HDFC BANK LTD EGM M

Raising of funds through issue of equity shares and/or

equity shares through depository receipts and/or

convertible securities For For Capitalisation of balance sheet.

Jan-Mar,2018 19-Jan-18 HDFC BANK LTD EGM M Approval of related party transactions For For

Issuance of preference shares to HDFC. Issue Price is as per SEBI

guidelines and It is on an arm's length basis

Jan-Mar,2018 19-Jan-18 HDFC BANK LTD EGM M Preferential allotment of equity shares For For Capitalisation of balance sheet.

Jan-Mar,2018 21-Jan-18 CAPITAL FIRST LIMITED PB M

To approve formulation of CMD Stock Option Scheme

viz.CMD Stock Option Scheme - 2017 For For In line with SEBI guidelines


To approve Grant of stock options exceeding more

than 1 Percent of paid up capital under CMD Stock

Option Scheme - 2017. For For In line with SEBI guidelines


To approve re-appointment of Mr. Dinesh Kanabar as

Non-Executive Independent Director of the Company. For For Attended more than 75% Board meetings

Jan-Mar,2018 24-Jan-18

SBI LIFE INSURANCE

COMPANY EGM M

To approve and bring into effect Article 132 (2) and

Article 202 of Articles of Association For For Internal Management

Jan-Mar,2018 30-Jan-18 PIDILITE INDUSTRIES PB M

Approval for the Buyback of Equity Shares of the

Company For For Investors' friendly measures

Jan-Mar,2018 01-Feb-18 KARUR VYSYA BANK PB M

Variation in terms of Karur Vysya Bank Employee

Stock Option Scheme, 2011 (KVB ESOS 11)as also to

align with SEBI (Share Based Employee Benefits)

Regulations, 2014. For For Employee Incentive scheme

Jan-Mar,2018 20-Feb-18 INFOSYS LIMITED PB M

Appointment of Salil S Parikh as Chief Executive

Officer and Managing Director For For

He holds Master of Engineering degrees in Computer Science and

Mechanical Engineering from Cornell University, and a B.Tech

degree in Aeronautical Engineering from IIT, Bombay. He was at

Capgemini for 25 years most recently as a member of the Group

Executive Board.

Jan-Mar,2018 20-Feb-18 INFOSYS LIMITED PB M

Re designation of U B Pravin Rao as chief operating

officer and whole time director For For He was the interim CEO and Managing director.

Jan-Mar,2018 13-Mar-18 BANK OF BARODA EGM M

To create, offer, issue and allot up to 34,13,56,534

(Thirty Four Crore Thirteen Lac Fifty Six Thousand

Five Hundred and Thirty Four only) number of equity

shares of Rs. 2 each (Rupees Two only) for cash at a

premium of Rs. 155.46 (Rupees One Hundred and

Fifty Five and Paise Fourty Six only) as determined in

accordance with SEBI ICDR Regulations, aggregating

upto Rs. 5,375 crore (Rupees Five Thousand Three

Hundred Seventy Five Crore only), on preferential

basis to Government of India. For For Capitalisation of balance sheet.

Jan-Mar,2018 15-Mar-18 STATE BANK OF INDIA EGM M

To create, offer, issue and allot such number of Equity

Shares of Rupee.1/- each for consideration in cash at

such price to be determined by the Board in

accordance with Regulation 76(1) of SEBI ICDR

Regulations, aggregating to the tune of upto Rs. 8,800

crores ((Rupees eight thousand eight hundred crores

only) (including premium), on preferential basis to the

Government of India. For For Capital issuance for growth in regular course of business

Jan-Mar,2018 17-Mar-18

SECURITY ANDINTELL

SER PB M

Special Resolution-Issue of Secured Redeemable

Rated Listed Non-Convertible Debentures upto 00

Crores on private placement basis in one or more

tranches For For Fund raising for Business purpose.


SECURITY ANDINTELL

SER PB M

Special Resolution-Giving loans, guarantees, providing

security and/or acquiring the securities of any other

body corporate upto ,200 Crores For For Business purpose.


SECURITY ANDINTELL

SER PB M

Special Resolution - Creation of charge by way of

mortgage/hypothecation on the movable and

immovable properties of the Company, both present

and future, in respect of the borrowings upto ,500

Crores. For For Fund raising for Business purpose

Jan-Mar,2018 20-Mar-18 GAIL (INDIA) LTD - PB M

Issue of bonus shares by way of capitalization of

Reserves For For Rewarding to Investors

M. P. Chitale & Co. Chartered Accountants 1/11, Prabhadevi Ind. Estate, 1st Flr., Opp. Siddhivinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai - 25 Tel.: 43474301-03 Fax : 43474304

July 06, 2018

The Board of Directors, Baroda Pioneer Asset Management Co. Ltd., 501, Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai, 400 063.

We have been appointed as scrutinizer by Baroda Pioneer Asset Management Co. Ltd. to certify the disclosure of votes cast on their website for the year 2017-18 in terms of SEBI circular No. CIR/IMD/DF/05/2014 dated March 24, 2014 and modified by SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016.

We have verified the voting disclosures made by Baroda Pioneer Asset Management Co. Ltd. on the website for the year April 2017 to March 2018 on the basis of data obtained from custodian w.r.t. resolutions on which AMC is required to cast votes and details received from the Investment Team w.r.t. the voting decision (either to vote for/against/abstain from voting) duly supported by the rationale for each agenda item. We certify that AMC has disclosed details of all the votes cast in the format specified in the circular.

This certification has been issued for submission to Board of Directors of Baroda Pioneer Trustee Company Ltd. and to disclose the same in the Baroda Pioneer Asset Management Co. Ltd.’s annual report and on website in terms of SEBI circular No. CIR/IMD/DF/05/2014 dated March 24, modified by SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016 and should not be used for any other purpose.

Thanking you,

Yours faithfully,

For M. P. Chitale& Co. Chartered Accountants Firm Reg. No. 101851W

Vidya Barje Partner M. No. 104994

Annexure-IV

6


To the Board of Directors of

BARODA PIONEER TRUSTEE COMPANY PRIVATE LIMITED

Report on the Financial Statements

1. We have audited the accompanying financial statements of the under mentioned Schemes of Baroda Pioneer Mutual Fund (the “Schemes”), which comprise the Balance Sheet as at April 10, 2017, and the related Revenue Account and Cash Flow Statement for the period mentioned below, and a summary of significant accounting policies and other explanatory information, which we have signed under reference to this report.

Schemes Period

Baroda Pioneer Fixed Maturity Plan - Series M April 01, 2017 to April 10, 2017

Baroda Pioneer Fixed Maturity Plan - Series N April 01, 2017 to April 10, 2017

Trustee’s and Management’s Responsibility for the Financial Statements

2. The Trustee of Baroda Pioneer Mutual Fund and the Management of Baroda Pioneer Asset Management Company Limited (the “Management”) are responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Schemes in accordance with the accounting policies and standards specified in the Ninth Schedule of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and amendments thereto (the “Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence, about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.

Our procedures included confirmation of securities owned and unit capital balances as at April 10, 2017 by correspondence with the custodian/others and registrar and transfer agent, respectively. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Trustee and the Management, as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

6. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financial statements give the information required by the Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) in the case of the Balance Sheet, of the state of affairs of the Scheme as at April 10, 2017;

(b) in the case of the Revenue Account, of the net surplus for the period mentioned above; and

(c) in the case of the Cash Flow Statement, of the cash flows for the period mentioned above.

Report on Other Legal and Regulatory Requirements

7. As required by section 55(4) of the Regulations, we report that:

(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit; and

(b) In our opinion, the Balance Sheets, Revenue Accounts and Cash Flow Statements dealt with by this report have been prepared in accordance with the accounting policies and standards specified in the Ninth Schedule of the Regulations.

8. As required by clause 5 (ii)(2) of the Eleventh Schedule to the Regulations, we report that the Balance Sheets, Revenue Accounts, and Cash Flow Statements dealt with by this Report are in agreement with the books of account of the Schemes.

For Price Waterhouse Chartered Accountants LLPFirm Registration Number: 012754N/N500016

Chartered Accountants

Sd/-

Alpa KediaPlace : Mumbai PartnerDate : July 19, 2018 Membership Number: 100681

INDEPENDENT AUDITORS’ REPORT


7

BALANCE SHEET AS AT APRIL 10, 2017

ASSETS

Investments 1 - 333,980,329 - 123,376,304

Other Current Assets 2 623,623,247 288,591,785 320,458,948 196,556,063

623,623,247 622,572,114 320,458,948 319,932,367

LIABILITIES

Unit Capital 3 484,442,857 484,442,857 252,006,618 252,006,618

Reserves and Surplus 4 138,403,162 137,813,889 67,639,398 67,328,560

Current Liabilities and Provisions 5 777,228 315,368 812,932 597,189

623,623,247 622,572,114 320,458,948 319,932,367

Notes to the financial statements 8

The Schedules referred to herein form an integral part of the Financial Statements.

This is the Balance Sheet referred to in our report of even date.

For Price Waterhouse Chartered Accountants LLP For Baroda Pioneer Trustee Company Private Limited For Baroda Pioneer Asset Management Company Limited

Firm Registration Number - 012754N / N500016


Alpa Kedia R. L. Baxi Anthony Heredia Mayank Mehta

Partner Chairman Director Director

Membership No. 100681 DIN : 168751 DIN : 2205628 DIN : 3554733

S. K. Suvarna Kiran Deshpande Alok Sahoo

Director COO & CFO Head - Fixed Income

DIN : 3641694

Hetal Shah

Fund Manager

Place : MUMBAI Place : MUMBAI

Date : July 19, 2018 Date :

Place : MUMBAI

July 19, 2018 Date : July 16, 2018

BARODA PIONEER FIXED MATURITY PLAN - SERIES M

BARODA PIONEER FIXEDMATURITY PLAN - SERIES N

As atApril 10, 2017

Rupees

As atMarch 31, 2017

Rupees

As atApril 10, 2017

Rupees

As atMarch 31, 2017

Rupees

Schedule

(In Rupees)

REVENUE ACCOUNT FOR THE YEAR / PERIOD ENDED APRIL 10, 2017

INCOME AND GAINS

Interest and Discount (Note 2.2) 6 1,128,872 50,736,813 559,191 26,374,799

Net Profit on Inter Scheme Sale of Investments (Note 2.5) - 24,600 - -

Miscellaneous Income 2,669 5,511 40 -

TOTAL (A) 1,131,541 50,766,924 559,231 26,374,799

EXPENSES AND LOSSES

Net Loss on Sale / Redemption of Investments and Derivative transactions (Note 2.5) 143,361 4,322,136 10,020 3,211,835

Investment Management Fees (Note 4) 371,792 3,870,632 192,281 2,340,246

Service Tax/GST on Investment Management Fees 55,768 580,010 28,881 350,761

Trusteeship Fees and Expenses (Note 5) - 16,594 - 8,524

Audit Fees 3,626 6,598 1,861 3,386

Investor Education and Awareness Expenses 3,412 120,577 1,750 61,938

Other Operating Expenses 7 310 98 320 1

TOTAL (B) 578,269 8,916,645 235,113 5,976,691

Net Realised Gains for the Year (A-B) 553,272 41,850,279 324,118 20,398,108

Net Change in Unrealised Depreciation in Value of Investments and Derivative transactions (Note 8) 77,370 2,331,299 - 1,612,443

Net Gains for the Year 630,642 44,181,578 324,118 22,010,551

Net Change in Unrealised Appreciation in Value of Investments and Derivative transactions (Note 8) - (49,107) (13,280) 13,280

Net Surplus including Net Change in Unrealised Appreciation/Depreciation in Value of Investments and Derivative transactions 630,642 44,132,471 310,838 22,023,831

Net Change in Unrealised Appreciation in Value of Investments and Derivative transactions transferred to Unrealised Appreciation Reserve (Note 8) - 49,107 13,280 (13,280)

Net Surplus for the Year 630,642 44,181,578 324,118 22,010,551

Add : Transfer from Reserve Fund 247,701,747 203,520,169 141,427,546 119,416,995

Less: Dividend Distributions 29,879 - - -

Less: Dividend Distribution Tax thereon 11,490 - - -

Balance Transferred to Reserve Fund 248,291,020 247,701,747 141,751,664 141,427,546

Notes to the financial statements 8

The Schedules referred to herein form an integral part of the Financial Statements.

This is the Revenue Account referred to in our report of even date.









DIN : 3641694

Hetal Shah

Fund Manager

Place : MUMBAI Place : MUMBAI Place : MUMBAI

Date : July 19, 2018 Date : July 19, 2018 Date : July 16, 2018



ScheduleApril 01, 2017April 10, 2017

Rupees

April 01, 2016March 31, 2017

Rupees

April 01, 2017April 10, 2017

Rupees

April 01, 2016March 31, 2017

Rupees


8

(In Rupees)


9

CASH FLOW STATEMENT FOR THE YEAR ENDED APRIL 10, 2017

A. Cash flow from Operating Activities

Net Surplus for the period 630,642 44,132,471 310,838 22,023,831

Change in unrealised depreciation in value of investments/derivatives (77,370) (2,331,299) - (1,612,443)

Change in unrealised appreciation in value of investments/derivatives - 49,107 13,280 (13,280)

Operating Profit Before Working Capital Changes 553,272 41,850,279 324,118 20,398,108

Adjustments for:-

(Increase)/Decrease in Other Current Assets 40,960,915 (15,723,749) 17,068,766 (5,652,818)

(Increase)/Decrease in Investments 334,057,699 219,448,247 123,363,024 151,938,916

Increase/(Decrease) in Current Liabilities and Provisions 461,860 117,933 215,743 (3,664,167)

Net cash generated from/(used in) Operating Activities (A) 376,033,746 245,692,710 140,971,651 163,020,039

B. Cash flow from Financing Activities

Adjustments for:-

(Increase) / Decrease in Subscription Receivable for Units Issued to Investors 310 100 320 -

Dividend Distribution (including dividend distribution tax paid) (41,369) - - -

Net Cash Generated from/(used in) Financing Activities (B) (41,059) 100 320 -

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B) 375,992,687 245,692,810 140,971,971 163,020,039

Cash and Cash Equivalents at the beginning of the year 247,528,539 1,835,729 179,435,923 16,415,884

Cash and Cash Equivalents at the end of the period 623,521,226 247,528,539 320,407,894 179,435,923

Net Increase/(Decrease) in Cash and Cash Equivalents 375,992,687 245,692,810 140,971,971 163,020,039

Notes : -

1. Cash and Cash Equivalents include the following :

Balances with Banks :

- In Current Accounts 438,895 72,369 225,258 37,725

Other Collateralised lending

- Collateralised Borrowing and Lending Obligation/Reverse Repo 623,082,331 247,456,170 320,182,636 179,398,198

623,521,226 247,528,539 320,407,894 179,435,923

2. The above Cash Flow Statement has been prepared under the “Indirect Method” set out in the Accounting Standard - 3 on the Cash Flow Statements issued by The Institute of CharteredAccountants of India.

3. The figures in brackets represents cash outflow.

This is the Cash Flow Statement referred to in our report of even date.



ScheduleApril 10, 2017

RupeesMarch 31, 2017

RupeesApril 10, 2017

RupeesMarch 31, 2017

Rupees

(In Rupees)









DIN : 3641694

Hetal Shah

Fund Manager



Schedules to the financial statements as at April 10, 2017

(Refer to attached Statement of Portfolio Holdings as at March 31, 2018)

SCHEDULE - 2 OTHER CURRENT ASSETS

Balance with Banks

- in Current Account 438,895 72,369 225,258 37,725

Collateralised Borrowing and Lending Obligations (CBLO)/Reverse Repo 623,082,331 247,456,170 320,182,636 179,398,198

Unit Subscription Receivable - 310 - 320

Interest Receivable on

- Collateralised Borrowing and Lending Obligation/Reverse Repo 99,352 37,192 51,054 26,982

- Debentures / Bonds - 41,025,744 - 17,092,838

Receivable from Investment Manager 2,669 - - -

TOTAL 623,623,247 288,591,785 320,458,948 196,556,063



As atApril 10, 2017

Market / Fair value Rupees

As atMarch 31, 2017

Market / Fair valueRupees

As atApril 10, 2017


As atMarch 31, 2017


SCHEDULE - 1 INVESTMENTS (Notes 2.5, 8, 12, 17, 19 and 21)

Debentures and Bonds Listed / Awaiting listing

- 333,980,329 - 123,376,304

- 334,057,699 - 123,363,024

TOTAL - 333,980,329 - 123,376,304

- 334,057,699 - 123,363,024



As atApril 10, 2017

Market / Fair value Rupees

Cost Rupees

As atMarch 31, 2017


Cost Rupees

As atApril 10, 2017


Cost Rupees

As atMarch 31, 2017


Cost Rupees

10


(In Rupees)


11


Plan A - Growth Option

Units outstanding, beginning of the year 7,231,934.838 72,319,348 7,231,934.838 72,319,348 21,354,429.666 213,544,297 21,354,429.666 213,544,297

Units issued during the year/period - - - - - - - -

Units repurchased during the year/period - - - - - - - -

Units outstanding, end of the year/period 7,231,934.838 72,319,348 7,231,934.838 72,319,348 21,354,429.666 213,544,297 21,354,429.666 213,544,297

Plan B (Direct) - Growth Option





Plan B (Direct) - Dividend Option

Units outstanding, beginning of the year 25,000.000 250,000 25,000.000 250,000 - - - -



Units outstanding, end of the year/period 25,000.000 250,000 25,000.000 250,000 - - - -

Total





Note : Includes units allotted to Baroda Pioneer Asset Management Company Limited on account of its investment in the schemes as stipulated under Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014.

BARODA PIONEER FIXED MATURITY PLAN - SERIES M BARODA PIONEER FIXED MATURITY PLAN - SERIES N

(Units) Amounts (Units) Amounts

April 10, 2017 March 31, 2017 April 10, 2017 March 31, 2017

(Units) Amounts (Units) Amounts

SCHEDULE - 3 UNIT CAPITAL

12



Unit Premium Reserve

At the beginning of the year (109,745,101) (109,745,101) (74,094,918) (74,094,918)

On issue / redemption during the year/period - - - -

At the end of the year/period (109,745,101) (109,745,101) (74,094,918) (74,094,918)

Unrealised appreciation reserve

At the beginning of the year (142,757) (93,650) (4,068) (17,348)

Net change in Unrealised Appreciation in Value of Investments and Derivatives transferred from Revenue Account - (49,107) (13,280) 13,280

At the end of the year/period (142,757) (142,757) (17,348) (4,068)

Reserve Fund

At the beginning of the year 247,701,747 203,520,169 141,427,546 119,416,995

Transferred to Revenue Account (247,701,747) (203,520,169) (141,427,546) (119,416,995)

Balance Transferred from Revenue Account 248,291,020 247,701,747 141,751,664 141,427,546

At the end of the year/period 248,291,020 247,701,747 141,751,664 141,427,546

TOTAL 138,403,162 137,813,889 67,639,398 67,328,560



April 10, 2017Rupees

March 31, 2017Rupees



SCHEDULE - 4 RESERVES AND SURPLUS

Investment Management Fees (Including GST/Service Tax) 718,697 291,134 803,513 582,589

Trusteeship Fees and Expenses - 618 - 317

Audit Fees 9,201 5,938 4,722 3,047

Dividend Payable (including DDT) 41,369 - - -

Investor Education and Awareness Payable (Note 15) 3,412 10,552 1,751 5,416

Brokerage and Commission payable - - - 40

Tax deducted at source payable 1,074 770 626 470

Sundry Payables 3,475 6,356 2,320 5,310

TOTAL 777,228 315,368 812,932 597,189



SCHEDULE - 5 CURRENT LIABILITIES AND PROVISIONS

Debentures and Bonds 596,450 49,236,233 219,391 25,131,062

Certificate of Deposits - 23,836 - -

CBLO and Reverse Repo 532,422 1,476,744 339,800 1,243,737

TOTAL 1,128,872 50,736,813 559,191 26,374,799



SCHEDULE - 6INTEREST AND DISCOUNT

Bank Charges 310 - 320 -

Other Expenses - 98 - 1

TOTAL 310 98 320 1



SCHEDULE - 7OTHER OPERATING EXPENSES













"Scheme Name(Collectively termed as "the Schemes")

Type of Scheme

Launched onDate of

allotmentInvestment Objective

Plans/Optionscurrently offered

Baroda Pioneer Fixed Maturity Plan - Series M @ A closed ended February 25, March 10, The investment objective of the Scheme is to generate Plan A - Growth Optiondebt scheme 2014 2014 returns by investing in a portfolio comprising of debt Plan B (Direct) - Growth Option

instruments and money market instruments maturing on Plan B (Direct) - Dividend Optionor before the maturity of the Scheme.

Baroda Pioneer Fixed Maturity Plan - Series N @ A closed ended March 21, March 28, The investment objective of the Scheme is to generate Plan A - Growth Optiondebt scheme 2014 2014 returns by investing in a portfolio comprising of debt Plan B (Direct) - Growth Option

instruments and money market instruments maturing on or before the maturity of the Scheme.

Note :- @ Baroda Pioneer Fixed Maturity Plan - Series M Matured on April 10, 2017 and Baroda Pioneer Fixed Maturity Plan - Series N Matured on April 10, 2017. Financial statements have been drawn up to the date of maturity.


13

Schedules to the financial statements as at April 10, 2017Schedule - 8 NOTES TO THE FINANCIAL STATEMENTS

1. Organization

a) Baroda Pioneer Mutual Fund (“the Mutual Fund”), formerly known as BOB Mutual Fund, has been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) on 30th October 1992. The trust deed has been registered under the Indian Registration Act, 1908. The Mutual Fund is registered with SEBI under Registration No. MF/018/94/2, dated November 21, 1994.

b) BOB Mutual Fund was established by Bank of Baroda by the execution of a Trust Deed dated October 30, 1992. Pioneer Global Asset Management S.p.A. acquired 51% stake in BOB Asset Management Company Limited in 2008 and became co-sponsor for BOB Mutual Fund. The name of BOB Mutual Fund was then changed to Baroda Pioneer Mutual Fund, for which SEBI approval was received vide their letter IMD/RB/134922/08 dated August 12, 2008.

Effective November 1, 2017, Pioneer Global Asset Management (PGAM) has been merged into its controlling company, UniCredit S.p.A. As a consequence, the shareholding of PGAM in the Company stands transferred to UniCredit S.p.A. Further, by virtue of a Share Purchase Agreement executed between Bank of Baroda and UniCredit on Dec 28, 2017, Bank of Baroda is in the process of acquiring the shares held by UniCredit in the Company, subject to necessary regulatory approvals. As on the date of the report, the following approvals were received by Bank of Baroda

•Approval from Competition Commission of India under Combination Registration number C-2018/02/559 dated 10.5.2018.

•Approval from Reserve Bank of India vide letter dated DBR.CO.FSD.No.11355/24.01.004/2017-18 dated June 18, 2018.

The Company is now awaiting approval from Securities and Exchange Board of India for change in the controlling interest in the Company.

c) The key features of the FMP Schemes of the Mutual Fund presented in these financial statements are as under :

2. Significant Accounting Policies2.1 BASIS OF ACCOUNTING

The scheme maintains books of accounts on an accrual basis. These financials statements have been prepared in accordance with the accounting policies and standards specified in the Ninth Schedule of the Securities and Exchange Board of India (Mutual Fund) Regulations 1996 and amended thereto ("SEBI Regulations") as applicable. Presentation of these separate balance sheet and revenue account in a columnar form is not intended to indicate that they bear any relation to each other or comparable in any way. They are independent of each other.

2.2 INCOME RECOGNITIONi. Interest income is recorded on accrual basis. ii. Dividend income is recognized on ex-dividend date

2.3 EXPENSESi. Expenses are accounted for on accrual basis.ii. Investment management fees payable to Asset Management Company is computed on the basis of Daily Net Asset Value.

2.4 LOAD CHARGESSEBI circular No. CIR /IMD/DF/ 4/2011 dated March 09, 2011 has mandated that there should be segregation of load accounts into two parts, one to reflect the balance as on July 31, 2009 and the other to reflect accretions since August 01, 2009. While the unutilized balances can be carried forward, not more than one third of the load balances lying in the Scheme as on July 31, 2009 can be used in any financial year, starting from 2010-2011 for future marketing and selling expenses. All accretions after July 31, 2009 can be used by the Schemes for future marketing and selling expenses including distributors/agents commission.Pursuant to SEBI (Second Amendment) (Mutual Fund) Regulations, 1992 dated September 26, 2012, with effect from October 01, 2012, exit load net off service tax/GST is credited to the scheme.

2.5 INVESTMENTS a) Basis of accounting

i. Transactions for purchase and sale of investments are recognized as of the trade date. In determining the holding cost of investments and the gain or loss on sale of investments, the “weighted average cost” method is followed. The cost of investments includes brokerage, stamp charges and any other charge customarily included in the contract note but excludes custodian safekeeping fees. Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, with effect from October 01, 2012, Brokerage and Transaction Costs which are incurred for the purpose of execution of trade are included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Remaining portion is charged to expenses, within total expense ratio in line with Regulations.

ii. Bonus entitlements are recognized as investments on ex-bonus date.iii. Rights entitlements are recognized as investments on ex-rights date.

b) Valuation Investments are stated at market/fair value at the Balance Sheet date/date of determination. In valuing the Scheme's investments:- I) Valuation of Equity and Equity related securities

Category Traded Non-Traded Thinly Traded

Equity Shares / Preference Shares / Warrants The securities shall be valued at the last quoted closing price on the primary stock exchange (National Stock Exchange of India Limited).

When on a particular valuation day, a security has not been traded on the primary stock exchange; the value at which it is traded on another stock exchange may be used.

Any security for which the trading in a month is less than Rs 5 lakhs and total volume is less than 50,000 shares will be classified as a Thinly traded security.

When a security is not traded on any stock exchange on a particular valuation day, the value at which it was traded on the selected stock exchange or any other stock exchange, as the case may be, on the earliest previous day may be used provided such date is not more than thirty days prior to the valuation date.

If the security is not traded even after 30 days, the same would be valued in Good Faith by the AMC as per the valuation principles laid down by SEBI.

Such Thinly traded securities shall be valued in Good Faith by the AMC as per the valuation principles laid down by SEBI.

Futures and Options Valued as per NSE Settlement price. Based on settlement price / any other equivalent price provided by the respective stock exchange.

Unlisted Shall be valued in Good Faith by the AMC based on the latest available Annual Report of the company as per SEBI Regulations. In case of any deviation due to non-availability of any parameters required for valuation as per SEBI Regulations, the methodology used for valuation shall be documented and recorded.

Rights

Amalgamation / Merger / De-merger / Spin off

Initial Public Offer (IPOs)

In accordance with guidelines prescribed by the SEBI.

In case if any of the resultant entities is not listed, the valuation for the same shall be arrived at in good faith by the Valuation Committee.

Valued at acquisition cost till the date of listing. Post listing, it will be valued as per the norms applicable for Traded equity shares.

14


II. Valuation of Fixed Income and related Instruments

Category Details

All securities with residual maturity greater than 60 days shall be valued at the average of the prices provided by the agencies nominated by AMFI (currently CRISIL & ICRA) on a daily basis

"For Instruments with residual maturity less than or equal to 60 days - Instruments may be valued by amortisation on a straight-line basis to maturity from cost or last valuation price whichever is more recent. For traded instruments maturing upto 60 days, the weighted average price/ yield may be taken if there are at least three trades aggregating to Rs. 100 crore or more. The amortised price may be used for valuation as long as it is within ±0.10% of the reference price. In case the variance exceeds ±0.10%, the valuation shall be adjusted to bring it within the ±0.10% band.In case of subsequent trades by the fund in the same security, the valuation must reflect the most recent trade as long as the trade is of market lot (Rs. 5crores). The security such valued would be amortised to maturity with such amortised prices to be in line with ±0.10% of the reference price as above."

All securities with residual maturity greater than 60 days shall be valued at the average of the prices provided by the agencies nominated by AMFI (currently CRISIL & ICRA) on a daily basis.

"Securities with residual maturity less than or equal to 60 days Straight line amortisation from the last valuation price / cost, whichever is more recent. The amortised price would be compared to the reference price. In case if the difference between the amortised price and the reference price is greater than +/- 0.10%, the YTM will have to be adjusted to bring the price within the +/- 0.10% band."

"Securities with residual maturity of less than or equal to 60 days will be valued as per the methodology prescribed above for traded and non-traded securities. Securities with residual maturity of more than 60 days would be valued at the average of the prices provided by the agencies nominated by AMFI (currently CRISIL & ICRA) on a daily basis."

To be Valued at Cost

"Securities with residual maturity of less than or equal to 60 days will be valued on Straight line amortisation from the last valuation price / cost, whichever is more recent. Securities with residual maturity of more than 60 days would be valued at the average of the prices provided by the agencies nominated by AMFI (currently CRISIL & ICRA) on a daily basis. "

To be valued as per the same day NAV or last available NAV

Own trade shall mean trades by schemes of Baroda Pioneer Mutual Fund provided the face value of such trades is INR 5 crores or more. The price at which the own trade has taken place, will be considered as reflective of the realizable value of the total holding in a single instrument. Accordingly, the total holding in that instrument will be valued at the weighted average yield at which the own trade has taken place.

In respect of convertible debentures, the non-convertible and convertible components shall be valued separately. The non-convertible component should be valued on the same basis as would be applicable to a debt instrument. The convertible component should be valued on the same basis as would be applicable to an equity instrument. If, after conversion the resultant equity instrument would be traded paripassu with an existing instrument which is traded, the value of the latter instrument can be adopted after an appropriate discount for the non-tradability of the instrument during the period preceding the conversion. While valuing such instruments, the fact whether the conversion is optional, should also be factored in.

Traded Securities

Non-Traded Securities

Government Securities, Treasury Bills and Cash Management Bills

Fixed Deposits / CBLO / Reverse Repo

Bill Rediscounting

Mutual Fund Units

Own Trades

Convertible Debentures

The net unrealized appreciation / depreciation in the value of investments is determined separately for each category of investments. In respect of each category of investments, the net change in the unrealized appreciation if any, between two balance sheet dates / valuation dates is accounted through the Revenue Account and thereafter the net unrealized appreciation is transferred from the Revenue Account to the Unrealized Appreciation Reserve. The net change in depreciation if any is accounted through the Revenue Account.

Net unrealized appreciation is reduced from the distributable income at the time of income distribution.

2.6 UNIT CAPITAL, UNIT PREMIUM RESERVE ACCOUNT AND EQUALISATION ACCOUNT

Unit capital represents the net outstanding as at the balance sheet date.

Upon issue and redemption of units, the net premium or discount to the face value of the units is adjusted against the unit premium reserve of the respective plans/ options of the Scheme, after an appropriate portion of the issue proceeds and redemption pay-out is credited or debited respectively to the income equalization reserve.

The net distributable income relating to units issued / repurchased is transferred to / from income equalization reserve for determining the net surplus / deficit, transferred from / to unit premium reserve. At year end, balance in income equalization reserve is transferred to revenue account.

2.7 NET ASSET VALUE (NAV)

The net asset value of the units of the Schemes is determined separately for units issued under the various Plans /Options.

For reporting the net asset values of the Plans /Options, daily income earned, including realized and unrealized gain or loss in the value of investments and expense incurred by the Schemes is allocated to the Plans /Options in proportion to the value of the net assets.

2.8 DERIVATIVES

The Scheme enters into derivative transactions in equity/ index futures for the purpose of hedging, leveraging and portfolio balancing.

“Derivative margin deposit” representing the margin towards equity derivative contracts entered into by the Scheme is disclosed under “Deposits”.

Futures

i. Futures contracts are marked to market daily at the futures settlement price as determined by the exchange. The variation margin calculated as the difference between the trade price and the previous day's settlement price, as the case may be, and the current day's settlement price is recorded as a receivable or payable.

ii. When a contract is closed (squared off)/settled (on expiry), the difference between the final settlement/ square-off price and the contract price is recognized in the revenue account. If more than one futures contracts in respect of the same stock/index and expiry date, to which the squared off /settled contract pertains, is outstanding at the time of square off /settlement of the contract, the weighted average method is followed for determining the gain or loss.

iii. As at the Balance Sheet date/date of determination, all open futures positions are valued at the futures settlement price as determined by the exchange where it is traded. Non traded futures contracts are valued as per fair valuation policy as approved by AMC and the trustee. The unrealized appreciation/depreciation on all open positions is considered for determining the net asset value.

Options

(i) Premium paid/received on bought/written option contracts is debited/credited to "Investments-Options" and recorded as Asset/Liability.

(ii) When the option contracts are squared off before expiry, the difference between the premium paid and received on the squared off transactions is recognized in the Revenue Account. When the option contracts are exercised on or before the expiry, the difference between the option settlement price as determined by the exchange and the premium is recognized in the revenue account. If more than one option contracts in respect of the same stock/index with the same strike price and expiry date to which the squared off/ exercised contract pertains is outstanding at the time of square off/ exercise of the contract, the weighted average method is followed for determining the gain or loss.

(iii) Premium assets/liabilities in respect of options not exercised/ squared off as at expiry date is transferred to Revenue Account.

(iv) As at the Balance Sheet date/ date of determination, all open option positions are valued at the settlement price as determined by the exchange where it is traded. Non-traded option contracts are valued at fair value as per procedures determined by the AMC and approved by the Trustee. The unrealized appreciation/depreciation all open positions is considered for determining the net asset value.



15


3. Net Asset Value Per Unit

The net asset values of the various plans of the Schemes as on the date of the Balance sheet are as follows:

SCHEME NAME Options As on April 10, 2017 March 31, 2017

Baroda Pioneer Fixed Maturity Plan - Series M Plan A - Growth Option 12.7914 12.7786

Plan B (Direct) - Growth Option 12.8702 12.8571

Plan B (Direct) - Dividend Option 10.0000 11.6429

Baroda Pioneer Fixed Maturity Plan - Series N Plan A - Growth Option 12.6737 12.6614

Plan B (Direct) - Growth Option 12.7414 12.7288

4. Investment Management Fees

The computation of the management fees (Excluding service tax/GST on management fees) charged to the Revenue Account for the period ended April 10, 2017 for the Schemes are as under:

Scheme Name Period ended Average Daily Net Asset Value Management Fees % of Management Fees to (Excluding service tax) Average Net Asset Value

Baroda Pioneer Fixed Maturity Plan - Series M April 10, 2017 622,608,064 371,792 2.18

March 31, 2017 602,882,929 3,870,632 0.64

Baroda Pioneer Fixed Maturity Plan - Series N April 10, 2017 319,509,857 192,281 2.20

March 31, 2017 309,693,040 2,340,246 0.76

5. Trusteeship Fees

Baroda Pioneer Trustee Company Private Limited, Trustee to Baroda Pioneer Mutual Fund was entitled to an annual fee of 1.25% of the net assets or INR 24 lacs per annum, whichever was lower, for the Financial year 2017-18. Such fee was allocated among the schemes of Baroda Pioneer Mutual Fund proportionately on the basis of their month end AUMs.

6. Custodian Fees

CITI Bank NA. provides custodial services to the Schemes for which it receives Custody fees (including transaction and registration charges). The Custody fees are borne by Baroda Pioneer Asset Management Company Limited.

7. Custodian Confirmation

Confirmation has been received from Citibank NA at the end of the year for the investments held by the Schemes. All investments, except Government of India Securities, Fixed Deposit Receipts, Mutual Fund Units, Collateralized Borrowing and Lending Obligation (CBLO) and Repurchase Agreements are held in safe custody of the custodian. Investments in Government Securities are held in an SGL account maintained with Reserve Bank of India in the name of “Baroda Pioneer Mutual Fund”.

8. Aggregate Appreciation and Depreciation in the Value of Investments and Derivatives

Scheme Name Investments Appreciation Depreciation

April 10, 2017 March 31, 2017 April 10, 2017 March 31, 2017

Baroda Pioneer Fixed Maturity Plan - Series M Debentures and Bonds Listed / Awaiting listing - 41,388 - 118,758

TOTAL - 41,388 - 118,758

Baroda Pioneer Fixed Maturity Plan - Series N Debentures and Bonds Listed / Awaiting listing - 22,410 - 9,130

TOTAL - 22,410 - 9,130

9. Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended

Investment made by Baroda Pioneer Mutual Fund in companies which hold units in excess of 5% of the net asset value of any of the schemes of Baroda Pioneer Mutual Fund for the period ended April 10, 2017 which have been listed in Annexure I.

10. Disclosure under Regulation 25(8) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended

The Schemes have entered into transactions with certain related parties. The information required in accordance with Accounting Standard (AS) -18 on ‘Related Party Disclosures’ issued by the Institute of Chartered Accountants of India and Regulation 25(8) of the SEBI Regulations, is provided in Annexure II.

11. Segment Reporting

The Schemes are primarily engaged in the business of investing the amounts received from investors as unit capital, in accordance with their investment objectives, to generate returns. Since there is only one business segment and no geographical segments, the segmental reporting disclosures as required by Accounting Standard (AS) - 17, issued by the Institute of Chartered Accountants of India have not been made.

12. Aggregate Value of Purchase and Sale of Investments

The aggregate value of investments (excluding Fixed Deposits, CBLO, Future, Option and Reverse Repo) purchased and sold (including maturity/redemptions) during the year and their percentage of the respective average daily net assets are as follows:

April 10, 2017 March 31, 2017

Scheme Name Purchases Sales Purchases Sales

Amount % of Avg. Amount % of Avg. Amount % of Avg. Amount % of Avg. Net Assets Net Assets Net Assets Net Assets

Baroda Pioneer Fixed Maturity Plan - Series M - - 333,990,680 53.64 72,112,626 11.96 291,286,080 48.32

Baroda Pioneer Fixed Maturity Plan - Series N - - 123,404,390 38.62 57,188,909 18.47 208,000,000 67.16

13. Income / Expenditure

Annualised total income (includes net of loss on sale and appreciation/depreciation on investments) and expenditure (excluding loss on sale of investments) as a percentage of the average daily net assets during the year are given below:

April 10, 2017 March 31, 2017

Scheme Name Total income Percentage of Total Expenses Percentage of Total income Percentage of Total Expenses Percentage of (Rupees) average daily (Rupees) average daily. (Rupees) average daily (Rupees) average daily

Net assets Net Assets Net Assets Net Assets

Baroda Pioneer Fixed Maturity Plan - Series M 1,065,550 6.25 434,908 2.55 48,726,980 8.08 4,594,509 0.76

Baroda Pioneer Fixed Maturity Plan - Series N 535,931 6.12 225,093 2.57 24,788,687 8.00 2,764,856 0.89

16


14. Details of unclaimed redemption and dividend amount and the number of investors to whom these amounts are payable are : NIL (Previous year: NIL)

Baroda Pioneer Mutual Fund has unidentified unclaimed dividend and redemption amounts of Rs. 2.06 Crores as of March 31, 2018 (Rs. 2.60 Crores as of March 31, 2017). As represented by the management, these amount are not recorded in the schemes financial statements as it pertains to unidentified investors prior to March 31, 2008. Had this amount been identified, it would have been recorded as asset and liability in the respective schemes resulting in no impact in net asset value.

15. Investor Education and Awareness Initiatives

In view of the AMFI Best Practices Guidelines Circular No. 56/2015-16, the IEF accrual is set aside in a separate bank account and the consolidated balance across all schemes as on March 31, 2018 is Rs. 59.91 lacs. The break-up of which is as under:

An annual charge of 2 basis points ( 0.02% p.a.) of daily net assets, being part of total recurring expenses is set aside for Investor Education and Awareness Initiatives (IEAI) in accordance with SEBI (Mutual Funds) Regulations, 1996 and guidelines issued thereunder. These funds set aside are used only for meeting expenses for Investor Education and Awareness Initiatives.

As per SEBI circular no. IMD/DF2/RS/813/2016 dated January 08, 2016, 50% of the unutilised portion of investor awareness and education fund as on March 31, 2016 has been transferred to AMFI. Also from April 1, 2016 onwards, 50% of the 2 bps accrual on daily net assets set aside by mutual fund for investor education and awareness initiative has been transferred to AMFI.

Movement of IEAI balances for Baroda Pioneer Mutual fund during the period/year ended 10 April 2017 and 31 March, 2017 is given below:

Particulars FY 2017-18

Amount (Rupees in Lakhs)

Opening balance 17.91

Add : Accrual for the period April 1, 2017 to March 31, 2018 236.72

Less : Amount transferred to AMFI 113.94

Less : utilization during the year 80.78

Closing balance 59.91

Particulars FY 2016-17

Amount (Rupees in Lakhs)

Opening balance 13.10

Add : Accrual for the period April 1, 2016 to February 28, 2017 194.73

Add : Accrual for the period March 1, 2017 to March 31, 2017 16.87

Less : Amount transferred to AMFI 103.16

Less : 103.63

Closing balance 17.91

16. Income Taxes

No provision for taxation is required as Baroda Pioneer Mutual Fund is a recognised Mutual Fund under Section 10 (23D) of the Income Tax Act, 1961.

17. Aggregate Fair Value of Non Traded / Thinly Traded Investments

The aggregate fair value of non traded / thinly traded investments, which have been valued in good faith in accordance with the guidelines for valuation of securities for Mutual Fund issued by SEBI, are given below:

Scheme Name April 10, 2017 March 31, 2017

Market / Fair Value Market / Fair Value

Baroda Pioneer Fixed Maturity Plan - Series M - 333,980,329

Baroda Pioneer Fixed Maturity Plan - Series N - 123,376,304

18. Disclosure under SEBI Circular No Cir/ IMD/ DF/11/2010 dated August 18, 2010

Pursuant to the above SEBI Circular, the disclosure for investments in derivative instruments has been done as per Annexure III.

19. The Statement of Portfolio Holding and industry wise classification of the schemes' investments in each category of investment as on April 10, 2017 is given in Annexure IV

20. Details of large holding (over 25% of NAV of the schemes) are : NIL (Previous year :NIL)

21. Registered Securities

In accordance with Regulation 44(1) of the Securities and Exchange board of india (Mutual Fund) Regulations, 1996, Securities purchased should be held in the name of scheme. Government Securities and Treasury bills Investments on behalf of scheme are held in the name of Baroda Pioneer Mutual Fund. However there are no investments in Government Securities and Treasury bills as on April 10, 2017 . This is in accordance with the requirement of Reserve Bank of India to open the subsidiary general ledger account, holding securities issued by the Government of India in the name of the fund and not in the name of Individual Scheme.

22. Previous Year’s Figures

Previous period's figures have been reclassified, wherever necessary, to conform with current year's presentation.

utilization during the year










DIN : 3641694

Hetal Shah

Fund Manager




17

Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended Investments made by the schemes of Baroda Poineer Mutual Fundin Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme.

Company Name Schemes invested in Investment made by schemes of Aggregate cost of acquisition Outstanding as atby the Company Baroda Poineer Mutual Fund in the during the period ended 31st March, 2018

company/subsidiary 31st March, 2018 (At Market / Fair Value)(Rupees in Lakhs) (Rupees in Lakhs)

Bank of Baroda Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,400.00 1,381.36Baroda Pioneer Banking and Financial Services Fund 200.64 99.61Baroda Pioneer Credit Opportunities Fund 3,133.48 1,186.41Baroda Pioneer Growth Fund 1,573.06 996.10Baroda Pioneer Large Cap Fund 78.22 42.69Baroda Pioneer Mid-cap Fund 65.32 -Baroda Pioneer MIP Fund 9.41 -Baroda Pioneer Treasury Advantage Fund 4,966.41 2,425.29

Dewan Housing Finance Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 2,741.49 1,734.11Corporation Ltd. Baroda Pioneer Credit Opportunities Fund 3,902.06 3,997.71

Baroda Pioneer Dynamic Bond Fund 199.12 204.05Baroda Pioneer Income Fund 425.88 183.65Baroda Pioneer Liquid Fund 44,924.38 -Baroda Pioneer Short Term Bond Fund 2,488.79 -Baroda Pioneer Treasury Advantage Fund 14,079.31 12,778.18

HDFC Bank Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 5,534.47 5,852.80Baroda Pioneer Banking and Financial Services Fund 1,217.12 990.20Baroda Pioneer Credit Opportunities Fund 3,209.65 1,031.57Baroda Pioneer ELSS 96 Fund 809.33 848.75Baroda Pioneer Equity Trigger Fund-Series I 409.86 -Baroda Pioneer Growth Fund 3,845.89 4,243.73Baroda Pioneer Large Cap Fund 224.48 226.33Baroda Pioneer Liquid Fund 307,594.63 -Baroda Pioneer MIP Fund 31.38 37.72Baroda Pioneer Short Term Bond Fund 7,549.41 -Baroda Pioneer Treasury Advantage Fund 85,682.76 3,657.40

India Infoline Finance Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Credit Opportunities Fund 4,628.83 3,545.65(Including Subsidiary India Infoline Baroda Pioneer Hybrid Fund - Series I - 599.08Housing Finance Ltd.) Baroda Pioneer Liquid Fund 593,714.97 29,581.78

Baroda Pioneer MIP Fund - 81.69Baroda Pioneer Short Term Bond Fund 780.59 624.49Baroda Pioneer Treasury Advantage Fund 26,900.59 936.74

Interglobe Aviation Ltd. Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 338.36 -Baroda Pioneer Equity Trigger Fund-Series I 218.90 -

Maruti Suzuki India Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,193.24 1,860.83Baroda Pioneer ELSS 96 Fund 223.38 509.51Baroda Pioneer Growth Fund 1,057.07 2,658.33Baroda Pioneer Large Cap Fund 116.94 177.22Baroda Pioneer MIP Fund 11.71 17.72

National Bank for Agriculture and Baroda Pioneer Liquid Fund Baroda Pioneer Liquid Fund 386,784.17 19,793.68Rural Development Baroda Pioneer Short Term Bond Fund 4,994.91 -

Baroda Pioneer Treasury Advantage Fund 51,634.92 9,864.04RBL Bank Ltd. Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 223.38 -

Baroda Pioneer Banking and Financial Services Fund 94.28 -Baroda Pioneer ELSS 96 Fund 153.06 -Baroda Pioneer Equity Trigger Fund-Series I 388.03 -Baroda Pioneer Growth Fund 1,120.02 -Baroda Pioneer Liquid Fund 139,000.00 17,500.00Baroda Pioneer Mid-cap Fund 95.76 -Baroda Pioneer MIP Fund 10.37 -Baroda Pioneer Treasury Advantage Fund 4,950.00 -

Tata Steel Ltd. Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 1,157.29 706.34(Including Subsidiary Tata Baroda Pioneer ELSS 96 Fund 527.40 293.96Sponge Iron Ltd.) Baroda Pioneer Growth Fund 2,037.84 1,582.59

Baroda Pioneer Large Cap Fund 167.23 53.50Baroda Pioneer Liquid Fund 50,430.34 -Baroda Pioneer Mid-cap Fund 68.65 68.97Baroda Pioneer MIP Fund 20.79 7.36

The above investments comprise equity shares, debentures / bonds, commercial paper, certificate of deposits and other debt instruments including fixed deposits. Investments in debt instruments have been madeon account of their high credit quality and competitive yield while those in equity instruments have been made on acccount of attractive valuations.

ANNEXURE I


18

ANNEXURE II1. Details of transactions with Associates in terms of regulation 25(8)

a) Brokerage paid to associates/related parties/group companies of Sponsor/AMCName of associates/related parties/group Nature of Association/ Period Value of % of Total Value Brokerage % of total Brokeragecompanies of Sponsor/AMC Nature of relation Covered Transaction of Transaction (Rs. In Cr) paid by the Fund

(Rs. In Cr) of the FundBOB Capital Markets Ltd. Associate Broker Apr-17 To Mar-18 86.99 1.50% 0.10 3.15%

Name of associates/related parties/group Nature of Association/ Period Value of % of Total Value Brokerage % of total Brokeragecompanies of Sponsor/AMC Nature of relation Covered Transaction of Transaction (Rs. In Cr) paid by the Fund

(Rs. In Cr) of the FundBOB Capital Markets Ltd. Associate Broker Apr-16 To Mar-17 118.89 2.41 0.14 3.92SBICAP Securities Ltd. Associate Broker Apr 16 To Nov 16* 47.97 1.38 0.06 2.45* SBICAP Securities Ltd. was associate till November 2016.

b) Commission paid to associates/related parties/group companies of sponsor/AMCName of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation April 01, 2017 to March 31, 2018

Business % of Total Business Commission % of total commissionGiven (Rs. ) received by the fund Paid (Rs.) paid by the fund

Bank of Baroda Sponsor 40,246,473,859 1.73 155,218,588 52.78

Name of associate/related parties/group Nature of association Yearlycompanies of Sponsor/AMC /Nature of relation April 01, 2016 to March 31, 2017

Business % of Total Business Commission % of total commissionGiven (Rs. ) received by the fund Paid (Rs.) paid by the fund

Bank of Baroda Sponsor 22,246,600,000 0.88 67,300,000 38.562. Interest on Borrowings & Bank charges

Scheme Name of Associate Nature of Association Nature of Expenses 2017-18 2016-17Baroda Pioneer Liquid Fund Bank of Baroda Sponsor Interest on borrowing 2,619,247 131,507

Bank charges 24,101 23,363Baroda Pioneer Treasury Advantage Fund Bank of Baroda Sponsor Interest on borrowing 789,249 1,183,562

Bank charges 26,483 18,904Baroda Pioneer Credit Opportunities Fund Bank of Baroda Sponsor Bank charges 2,797 1,092.00Baroda Pioneer ELSS 96 Bank of Baroda Sponsor Bank charges 34,395 1,300.00Baroda Pioneer Growth Fund Bank of Baroda Sponsor Bank charges 385,180 1,578.00Baroda Pioneer Balance Fund Bank of Baroda Sponsor Bank charges 66,089 1,127.00Baroda Pioneer Short Term Bond Fund Bank of Baroda Sponsor Bank charges 2,251 700.00Baroda Pioneer Banking and Financial Services Fund Bank of Baroda Sponsor Bank charges 7,103 -Baroda Pioneer Dynamic Bond Fund Bank of Baroda Sponsor Bank charges 182 -Baroda Pioneer Gilt Fund Bank of Baroda Sponsor Bank charges 3,517 -Baroda Pioneer Income Fund Bank of Baroda Sponsor Bank charges 3,757 -Baroda Pioneer MIP Fund Bank of Baroda Sponsor Bank charges 1,219 -Baroda Pioneer Mid-cap Fund Bank of Baroda Sponsor Bank charges 2,811 100.00Baroda Pioneer Large Cap Fund Bank of Baroda Sponsor Bank charges 2,723 100.00

3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan)(A) RELATED PARTY TRANSACTIONS

The information in accordance with Accounting Standard 18 on 'Related Party Disclosures' issued by the Institute of Chartered Accountants of India and Regulation 25(8) of the SEBI Regulations, is providedbelow.Related party relationshipsName Description of relationshipBank of Baroda Sponsor of the FundPioneer Global Asset Management Sponsor of the FundBaroda Pioneer Trustee Company Private Limited Trustee of the FundBaroda Pioneer Asset Management Company Limited Asset manager to the SchemeSchemes of the Fund under common controlBaroda Pioneer ELSS 96 FundBaroda Pioneer Growth FundBaroda Pioneer Balance FundBaroda Pioneer MIP FundBaroda Pioneer Gilt FundBaroda Pioneer Income FundBaroda Pioneer Liquid FundBaroda Pioneer Treasury Advantage FundBaroda Pioneer Large Cap FundBaroda Pioneer Short Term Bond FundBaroda Pioneer Mid-Cap FundBaroda Pioneer Banking And Financial Service FundBaroda Pioneer Dynamic Bond FundBaroda Pioneer Credit Opportunities FundBaroda Pioneer Hybrid Fund - Series 1Baroda Pioneer Equity Trigger Fund - Series IBaroda Pioneer Fixed Maturity Plan - Series MBaroda Pioneer Fixed Maturity Plan - Series N


19

ANNEXURE II (Contd.)3. Related Party Disclosures (Schedule 8 - Refer Note 10 for Equity, Debt and Schedule 7 - Refer Note 10 for Fixed Maturity Plan) (Contd.)

(A) RELATED PARTY TRANSACTIONS (Contd.)

Key Management PersonnelAMCMr. Anthony Heredia Associate Director & Chief Executive OfficerMr. Kiran Deshpande Chief Operating Officer and Chief Financial OfficerMs. Farhana Mansoor Compliance Head and Company Secretary

(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard – 18 ‘Related Party Disclosures’(i) Transactions during the Year

Transaction between the Schemes under Common Control of SponsorSelling Scheme Buying Scheme Amount (Rs.)Baroda Pioneer Balance Fund Baroda Pioneer Credit Opportunities Fund 249,943,300Baroda Pioneer Balance Fund Baroda Pioneer Treasury Advantage Fund 30,314,070Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Balance Fund 201,866,900Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Liquid Fund 1,106,694,590Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Short Term Bond Fund 610,827,900Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Treasury Advantage Fund 1,635,708,140Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Balance Fund 51,236,454Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Credit Opportunities Fund 2,048,254Baroda Pioneer Dynamic Bond Fund Baroda Pioneer Treasury Advantage Fund 30,182,790Baroda Pioneer Gilt Fund Baroda Pioneer Balance Fund 17,930,000Baroda Pioneer Income Fund Baroda Pioneer Credit Opportunities Fund 2,047,826Baroda Pioneer Liquid Fund Baroda Pioneer Balance Fund 269,253,260Baroda Pioneer Liquid Fund Baroda Pioneer Credit Opportunities Fund 1,640,915,900Baroda Pioneer Liquid Fund Baroda Pioneer Short Term Bond Fund 2,149,598,580Baroda Pioneer Liquid Fund Baroda Pioneer Treasury Advantage Fund 17,301,112,050Baroda Pioneer Short Term Bond Fund Baroda Pioneer Balance Fund 412,533,930Baroda Pioneer Short Term Bond Fund Baroda Pioneer Credit Opportunities Fund 850,950,755Baroda Pioneer Short Term Bond Fund Baroda Pioneer Dynamic Bond Fund 40,499,020Baroda Pioneer Short Term Bond Fund Baroda Pioneer Hybrid Fund - Series I 10,102,790Baroda Pioneer Short Term Bond Fund Baroda Pioneer Monthly Income Plan (MIP) Fund 20,267,220Baroda Pioneer Short Term Bond Fund Baroda Pioneer Treasury Advantage Fund 3,036,725,624Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Balance Fund 455,574,200Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Credit Opportunities Fund 3,335,040,418Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Hybrid Fund - Series I 32,067,488Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund 14,142,739,550Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Short Term Bond Fund 2,094,588,460

(ii) (a) Investment in schemes under common control of sponsorScheme Particulars of investment Purchase (Rs) Sell (Rs)Baroda Pioneer Credit Opportunities Fund Baroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option 4,570,000,000 4,773,585,718Baroda Pioneer Short Term Bond Fund Baroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option 1,200,000,000 1,200,209,800Baroda Pioneer Treasury Advantage Fund Baroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option 39,500,000,000 39,511,086,336

(b) By Key Management PersonnelKey Management Scheme Name Value of Subscription of Dividend (including Redemption of Value of the unitsPersonnel Units (including switch in and dividend reinvested) Units (including outstanding As at

dividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2018 (Rs)Anthony Lincoln Heredia Baroda Pioneer Dynamic Bond Fund - 236,587 - 4,563,700Anthony Lincoln Heredia Baroda Pioneer Short Term Bond Fund 103,137,484 2,316,258 40,000,000 65,177,610Anthony Lincoln Heredia Baroda Pioneer Liquid Fund - 621,691 40,137,484 -Kiran Deshpande Baroda Pioneer Balance Fund 188,521 - - 179,417Kiran Deshpande Baroda Pioneer Credit Opportunities Fund - - - 101,983Kiran Deshpande Baroda Pioneer Credit Opportunities Fund 625,000 - - 1,910,313Kiran Deshpande Baroda Pioneer Mid-Cap Fund - - - 246,756Kiran Deshpande Baroda Pioneer Treasury Advantage Fund 15,000 - - 1,293,480Kiran Deshpande Baroda Pioneer Large Cap Fund - - 334,026 -Kiran Deshpande Baroda Pioneer Equity Trigger Fund - Series I - - 188,523 -Farhana Mansoor Baroda Pioneer Liquid Fund 120,653 - - 129,710Farhana Mansoor Baroda Pioneer Equity Trigger Fund - Series I - - 120,654 -


20


(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard – 18 ‘Related Party Disclosures’ (Contd.)

(ii) (c) By Investment ManagerInvestment Manager Scheme Name Value of Subscription of Dividend (including Redemption of Value of the units

Units (including switch in and dividend reinvested) Units (including outstanding As atdividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2018 (Rs)

Baroda Pioneer Asset Baroda Pioneer Balance Fund - - - 2,773,160Management Company LtdBaroda Pioneer Asset Baroda Pioneer Banking And - - - 4,597,075Management Company Ltd Financial Services FundBaroda Pioneer Asset Baroda Pioneer Credit Opportunities Fund - - - 4,618,053Management Company LtdBaroda Pioneer Asset Baroda Pioneer Dynamic Bond Fund - - - 6,419,128Management Company LtdBaroda Pioneer Asset Baroda Pioneer ELSS 96 Fund - - - 3,586,900Management Company LtdBaroda Pioneer Asset Baroda Pioneer Gilt Fund - - - 4,915,260Management Company LtdBaroda Pioneer Asset Baroda Pioneer Growth Fund - - - 6,478,964Management Company LtdBaroda Pioneer Asset Baroda Pioneer Income Fund - - - 8,573,769Management Company LtdBaroda Pioneer Asset Baroda Pioneer Large Cap Fund - - - 2,672,795Management Company LtdBaroda Pioneer Asset Baroda Pioneer Liquid Fund 3,399,700,000 - 3,399,414,440 271,922,139Management Company LtdBaroda Pioneer Asset Baroda Pioneer Mid-Cap Fund - - - 6,035,928Management Company LtdBaroda Pioneer Asset Baroda Pioneer MIP Fund - - - 802,290Management Company LtdBaroda Pioneer Asset Baroda Pioneer Short Term Bond Fund - - - 2,749,821Management Company LtdBaroda Pioneer Asset Baroda Pioneer Treasury Advantage Fund - - - 6,475,494Management Company Ltd

(d) By Sponsor of Investment Manager and TrusteeSponsor of Investment Scheme Name Value of Subscription of Dividend (including Redemption of Value of the unitsManager and Trustee Units (including switch in and dividend reinvested) Units (including outstanding As at

dividend reinvestment) (Rs.) (Rs.) switch out) (Rs.) March 31, 2017 (Rs)Bank of Baroda Baroda Pioneer Growth Fund - 4,532,508 152,848,968 42,903,422Bank of Baroda Baroda Pioneer MIP Fund - - - 35,968,928Bank of Baroda Baroda Pioneer Liquid Fund 12,000,000,000 - 12,252,561,215 -


21


(B) The Schemes have entered into transactions with related parties which are required to be disclosed in accordance with Accounting Standard - 18 ‘Related Party Disclosures’ (Contd.)(iii) Investment Management Fees and Trustee fees

(a) Accrued during the yearScheme Management Fees Trustee Fees

(Rs.) (Rs.)Baroda Pioneer ELSS 96 Fund 19,319,967 26,268Baroda Pioneer Growth Fund 89,291,345 129,537Baroda Pioneer Balance Fund 36,077,859 96,010Baroda Pioneer MIP Fund 2,626,818 5,973Baroda Pioneer Gilt Fund 4,207,728 10,254Baroda Pioneer Income Fund 3,489,410 5,182Baroda Pioneer Liquid Fund 62,046,200 1,237,778Baroda Pioneer Treasury Advantage Fund 100,497,087 540,048Baroda Pioneer Large Cap Fund 5,479,412 6,380Baroda Pioneer Short Term Bond Fund 25,218,546 109,074Baroda Pioneer Mid-Cap Fund 7,009,709 8,118Baroda Pioneer Banking And Financial Service Fund 8,540,513 9,574Baroda Pioneer Dynamic Bond Fund 2,241,380 5,555Baroda Pioneer Credit Opportunities Fund 51,320,792 190,609Baroda Pioneer Hybrid Fund - Series 1 5,530,623 7,508Baroda Pioneer Equity Trigger Fund - Series I 11,087,932 13,132Baroda Pioneer Fixed Maturity Plan - Series M 371,792 -Baroda Pioneer Fixed Maturity Plan - Series N 192,281 -

(b) Outstanding at the end of the yearScheme Management Fees Trustee Fees

(Rs.) (Rs.)Baroda Pioneer ELSS 96 Fund 1,857,584 3,517Baroda Pioneer Growth Fund 4,042,882 17,102Baroda Pioneer Balance Fund 272,466 17,473Baroda Pioneer MIP Fund 19,337 674Baroda Pioneer Gilt Fund 70,136 901Baroda Pioneer Income Fund 140,662 493Baroda Pioneer Liquid Fund 6,513,955 97,347Baroda Pioneer Treasury Advantage Fund 5,233,247 43,662Baroda Pioneer Large Cap Fund 830,750 730Baroda Pioneer Short Term Bond Fund 4,816,458 5,169Baroda Pioneer Mid-Cap Fund 976,955 1,007Baroda Pioneer Banking And Financial Service Fund 953,667 1,028Baroda Pioneer Dynamic Bond Fund 147,156 599Baroda Pioneer Credit Opportunities Fund 6,922,426 25,387Baroda Pioneer Hybrid Fund - Series 1 3,091,337 911Baroda Pioneer Equity Trigger Fund - Series I 3,637,263 -Baroda Pioneer Fixed Maturity Plan - Series M 718,697 -Baroda Pioneer Fixed Maturity Plan - Series N 803,513 -

(iv) Reimbursement of Expenses (Net) to the Schemes : NIL(v) Transactions with Associate Companies

Associate Company Scheme Name Purchase (Rs) Sell (Rs) Market Value (Rs)Bank of Baroda Baroda Pioneer Balance Fund 140,000,000 - 140,000,000Bank of Baroda Baroda Pioneer Banking And Financial Service Fund 2,687,100 4,336,200 7,023,300Bank of Baroda Baroda Pioneer Credit Opportunities Fund 313,347,600 193,000,100 506,347,700Bank of Baroda Baroda Pioneer Growth Fund 70,892,800 32,521,500 103,414,300Bank of Baroda Baroda Pioneer Large Cap Fund 4,352,100 2,168,100 6,520,200Bank of Baroda Baroda Pioneer MIP Fund 252,570 794,970 1,047,540Bank of Baroda Baroda Pioneer Treasury Advantage Fund 496,656,370 253,989,250 750,645,620

(vi) Transactions where Associate Company is counterparty : NIL


22

ANNEXURE IIIDisclosure for investments in derivative instruments.

Hedging Positions through Futures as on March 31, 2018 : Nil.

For the period April 01, 2017 to March 31, 2018, following hedging transactions through futures have been squared off/expired :

Scheme Total Number of Total Number Total Number of Gross Notional Gross Notional Gross Notional Net Profit/Losscontracts where of contracts contracts where Value of contracts Value of contracts Value of contracts value on all

futures were Sold where futures futures were sold where futures were where futures where futures contracts(opening balance) were bought sold (opening were bought were sold combined

balance)Baroda Pioneer Growth Fund - 120 120 - 92,415,990 82,089,510 (10,326,480)

Baroda Pioneer Large Cap Fund - 8 8 - 6,139,876 5,482,000 (657,876)

Baroda Pioneer Banking and Fin Serv Fund - 40 40 - 30,803,000 27,428,630 (3,374,370)

Other than Hedging Positions through Futures as on March 31, 2018 : Nil

For the period April 01, 2017 to March 31, 2018, following non-hedging transactions through futures have been squared off/expired :


futures were bought where futures futures were sold where futures where futures where futures contracts(opening balance) were bought were bought were bought were sold combined

(openingbalance)

Baroda Pioneer Growth Fund - 1,650 1,650 - 987,647,462 1,001,078,521 13,431,059Baroda Pioneer Balanced Fund - 766 766 - 475,921,895 472,582,626 (3,339,269)Baroda Pioneer Large Cap Fund - 83 83 - 51,950,912 52,631,379 680,468Baroda Pioneer Mid-Cap Fund - 20 20 - 9,745,533 9,782,760 37,228Baroda Pionner Banking and Fin Serv Fund - 22 22 - 16,221,284 17,962,583 1,741,299Baroda Pioneer Equity Trigger Fund - SR I - 330 330 - 117,598,637 115,614,856 (1,983,781)

Hedging Position through Put Option as on March 31, 2018 : Nil

For the period April 01, 2017 to March 31, 2018, hedging transactions through options which have been squared off/expired : Nil

Other than Hedging Positions through Options as on March 31, 2018 : Nil

For the period April 01, 2017 to March 31, 2018, non-hedging transactions through options have been squared off/expired:Scheme Underlying Call / Put Number of Option Price when Option Current

purchased Option PriceContracts (Rs. Per unit) (Rs. Per unit)

Baroda Pioneer Hybrid Fund - Series I NIFTY Call 333 2,060.00 1,877.90Previous YearHedging Positions through Futures as on March 31, 2017 : NilFor the period April 01, 2016 to March 31, 2017, following hedging transactions through futures have been squared off/expired :


futures were Sold where futures futures were sold where futures where futures where futures contracts(opening balance) were bought were sold were bought were sold combined

(opening balance)Baroda Pioneer Growth Fund - 374 374 - 234,264,850 232,416,791 (1,848,058)Baroda Pioneer Balance Fund - 87 87 - 57,424,356 56,550,012 (874,344)Baroda Pioneer Banking and Financial Services Fund - 20 20 - 12,791,520 13,145,280 353,760Baroda Pioneer Large Cap Fund $ - 8 8 - 4,810,680 4,637,744 (172,936)

Other than Hedging Positions through Futures as on March 31, 2017 : NilFor the period April 01, 2016 to March 31, 2017, following non-hedging transactions through futures have been squared off/expired :


futures were bought where futures futures were sold where bought where futures where futures contracts(opening balance) were bought (opening balance) were bought were sold combined

Baroda Pioneer Growth Fund - 450 450 - 264,361,991 269,986,005 5,624,014Baroda Pioneer Balance Fund - 149 149 - 94,333,951 96,878,450 2,544,499Baroda Pioneer Large Cap Fund $ - 15 15 - 8,016,730 8,206,375 189,645Baroda Pioneer Equity Trigger Fund-Series I - 25 25 - 17,768,590 18,288,820 520,230

Baroda Pioneer Banking and Financial Services Fund - 87 87 - 62,248,016 61,804,285 (443,731)

Hedging Position through Put Option as on March 31, 2017 : Nil

For the period April 01, 2016 to March 31, 2017, hedging transactions through options which have been squared off/expired : Nil

Other than Hedging Positions through Options as on March 31, 2017

Scheme Underlying Call / Put Number of Option Price when Current OptionContracts purchased (Rs. Per unit) Price (Rs. Per unit)

Baroda Pioneer Hybrid Fund - Series I NIFTY Call 333 2,060.00 1,036.15Total exposure through options as a % of net assets 8.50%

For the period April 01, 2016 to March 31, 2017, non-hedging transactions through options have been squared off/expired : Nil.Note : In case of derivative transactions end of the day position on the date of such transaction is considered as the basis to assess the nature of transaction as hedge / non-hedge.


ANNEXURE IV:

SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF - BARODA PIONEER FIXED MATURITY PLAN - SERIES M

Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at April 10, 2017 are presented below. The industry and company exposures are stated as a percentage of scheme's net assets as at April 10, 2017 as well as the aggregate investments in each investment category.

Industry and Company Particulars Quantity Amount (in Rs.) Percentage to Percentage to Net Assets Investment Category

COLLATERALISED LENDING (CBLO) 623,082,331 100.04% 100.00%

NET CURRENT ASSETS / (LIABILITIES) (236,312) (0.04)% 100.00%

NET ASSETS 622,846,019 100.00%

ANNEXURE IV:

SUPPLEMENTARY INVESTMENT PORTFOLIO INFORMATION AND INDUSTRYWISE CLASSIFICATION OF - BARODA PIONEER FIXED MATURITY PLAN - SERIES N

Details of investment portfolio and industrywise classification of the Scheme's investments in each category of investments as at April 10, 2017 are presented below. The industry and company exposures are stated as a percentage of scheme's net assets as at April 10, 2017 as well as the aggregate investments in each investment category.

Industry and Company Particulars Quantity Amount (in Rs.) Percentage to Percentage to Net Assets Investment Category

COLLATERALISED LENDING (CBLO) 320,182,636 100.17% 100.00%

NET CURRENT ASSETS / (LIABILITIES) (536,620) (0.17)% 100.00%

NET ASSETS 319,646,016 100.00%

23


24

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2018

Annexure VBARODA PIONEER BARODA PIONEER

FIXED MATURITY PLAN - SERIES M FIXED MATURITY PLAN - SERIES N

Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended

April 10, 2017 March 31, 2017 March 31, 2016 April 10, 2017 March 31, 2017 March 31, 2016

(a) Net asset value per unit at the end of the period / maturity /final redemption date

Plan A - Dividend Option - - - - - -

Regular Plan - Dividend Option - - - - - -

Regular Plan - Growth Option - - - - - -

Regular Plan - Daily Dividend Option - - - - - -

Regular Plan - Weekly Dividend Option - - - - - -

Regular Plan - Monthly Dividend Option - - - - - -

Regular Plan - Quarterly Dividend Option - - - - - -

Plan A - Bonus Option - - - - - -

Plan A - Daily Dividend Option - - - - - -

Plan A - Weekly Dividend Option - - - - - -

Plan A - Growth Option 12.7914 12.7786 11.8928 12.6737 12.6614 11.7918

Plan A - Monthly Dividend Option - - - - - -

Plan A - Quarterly Dividend Option - - - - - -

Plan B (Direct) - Dividend Option 10.0000 11.6429 10.8140 - - -

Plan B (Direct) - Bonus Option - - - - - -

Plan B (Direct) - Daily Dividend Option - - - - - -

Plan B (Direct) - Growth Option 12.8702 12.8571 11.9417 12.7414 12.7288 11.8306

Plan B (Direct) - Quarterly Dividend Option - - - - - -

Plan B (Direct) - Weekly Dividend Option - - - - - -

Plan B (Direct) - Monthly Dividend Option - - - - - -

Plan C - Growth Option - - - - - -

Plan C - Unclaimed Dividend below 3 years - - - - - -

Plan C - Unclaimed Dividend above 3 years - - - - - -

Plan C - Unclaimed Redemption below 3 years - - - - - -

Plan C - Unclaimed Redemption above 3 years - - - - - -

(b) Gross Income

(i) income other than profit on sale of investment 0.02 1.05 1.02 0.02 1.05 1.05

(ii) income from profit on inter scheme sales/transfer of investment - 0.00 (0.00) - - (0.00)

(iii) income (net) from profit on sale of investments to third party (0.00) (0.09) (0.00) (0.00) (0.13) -

(iv) transfer of revenue account from past year’s reserve - - - - - -

(c) Aggregate of expenses, writeoff, amortisation and charges(excluding loss on sale of investments) 0.01 0.09 0.02 0.01 0.11 0.04

(d) Net Income (excluding change in unrealised appreciation/ depreciation on investments) 0.01 0.86 1.00 0.01 0.81 1.01

(e) Unrealised appreciation / (depreciation) in value of investments 0.00 0.05 (0.05) (0.00) 0.06 (0.06)

(f) Redemption price

Highest



Regular Plan - Bonus Option - - - - - -






Plan A - Dividend Option - - 11.0216 - - 10.9264















25

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2018 (Contd.,)

Annexure V (Contd.,) BARODA PIONEER BARODA PIONEER




Lowest























Purchase price

Highest























Lowest














26

Perspective Historical Per Unit Statistics for the year/period ended March 31, 2018 (Contd.,)

Annexure V (Contd.,) BARODA PIONEER BARODA PIONEER














(h) Price earnings ratio N.A N.A N.A N.A N.A N.A

(I) Ratio of expenses to average daily net assets by percentage 0.07% 0.74% 0.20% 0.07% 0.87% 0.34%(annualised,excluding unrealised appreciation/depreciation on investments)

(j) Ratio of gross income/loss to average daily net assets by 0.17% 7.83% 8.20% 0.17% 7.76% 8.24%percentage (annualised, including unrealised appreciation / depreciation on investments and net profit or loss on sale of investments.)

If undelivered, please return to :

Karvy Computershare Pvt. Ltd.Unit: Baroda Pioneer Mutual FundKarvy Selenium, Tower B, Plot No. 31 & 32, Gachibowli,Financial District Nanakramguda, Serilingampally, Hyderabad - 500 032.