Launching new feature on inves4 – Information Tracker
Cutting through the noise and focusing on what is important is key to good investment decisions.
corporate governance
Asian Paints denies allegations related to related party deals
The Company has denied allegations of a whistleblower on undue advantage to the promoters at Company’s expense and provided the necessary clarifications. The allegation – Reports surfaced in media that a whistleblower has made a complaint that Asian Paints (APL) entered into a transaction with one of it’s ex-employees Jayram Nadkarni and the company founded … Read more
Sanjay Kirloskar (Chairman) gets into an unnecessary spat over daughter’s appointment to the board
Proxy advisory firm Institutional Investor Advisory Services’s (IiAS) recommendation to vote against a resolution to reappoint 31-year-old Rama Kirloskar to the board of (KBL) and also her appointment as joint managing director triggered a war of words between her father Sanjay Kirloskar (Chairman of the Company), and the proxy advisory firm through series of emails. … Read more
Kalpataru Power tries to get away with a related party transaction and then deferred it
Kalpataru Power (KPTL) on December 8, 2020 announced a new corporate office capex of Rs 377 crore, which included a Rs 207 crore land purchase from a group entity. It’s pertinent to mention here that KPTL promoter group has significant interests in the real estate business. However, there was a significant push back on this … Read more
Rating companies form umbrella organisation in a first
Two domestic credit rating agencies are leading the way in forming a self-regulatory organisation for the sector. CARE Ratings and Acuite Ratings & Research have set up a unit to evolve a common code of conduct and practices to prevent a recurrence of defaults such as those by IL&FS and DHFL. This is the first … Read more
Quality of board packs: An alert for independent directors
Independent directors are often under the erroneous belief that their liability under the law is limited to acts of commission and omission which occurred with their consent or connivance or their knowledge through board processes, and that it does not extend to key matter of governance not placed by the management before the board or … Read more