Infosys Co-Founders Keep Away From ‘Stormy’ Annual General Meeting

About 1,000 retail investors in individual capacity or with families, however, packed the air-conditioned auditorium of Christ College, about 20 km from the IT major’s campus in the Electronics City, to attend the “stormy” meeting and participate in the proceedings, including voting on the four ordinary resolutions by show of hands.

“It is astonishing not to see Murthy at the AGM as he used to sit in the front line in the wake of demitting office for the second time in 2014. Previous executives T.V Mohandas Pai and V. Balakrishnan, who were customary at the AGMs throughout the years, are additionally not to be seen,” said old fashioned financial specialist Ramana Reddy from the city.

Board Chairman S Seshasayee, Co-Chairman Ravi Venkatesan, CEO and Managing Director Vishal Sikka, Chief Operating Officer UB Pravin Rao and Independent Directors Kiran Mazumdar Shaw, DN Prahlad, Roopa Kudva, Punit Kumar-Sinha and John W Etchemendy presided over the meeting from the dais.

After Seshasyaee conveyed his discourse as Chairman and advised the shareholders about the procedures of the meeting, Chief Financial Officer M.D Ranganath introduced the organization’s monetary execution for the monetary under audit.

 

Summary:

  • Without precident for some years, Infosys’ prime supporters, including NR Narayana Murthy avoided its Annual General Meeting as the 36th AGM for 2016-17 was held here on Saturday.
  • Other than Murthy, Nandan Nilekani, S Gopalakrishnan, SD Shibulal, K Dinesh, NS Raghavan and Ashok Arora are the prime supporters of India’s second-biggest programming send out firm.Though Murthy went to the last AGM with child Rohan Murty, his prominent nonappearance alongside other fellow benefactors astounded numerous speculators.
  • “It is amazing not to see Murthy at the AGM as he used to sit in the front column in the wake of demitting office for the second time in 2014.
  • Previous executives T.V Mohandas Pai and V. Balakrishnan, who were normal at the AGMs throughout the years, are additionally not to be seen,” said old fashioned financial specialist Ramana Reddy from the city.
  • “Autonomous Director, Jefferey S. Lehman from the US couldn’t make it to the meeting due to unforseen conditions,” said the spokesman.

After Seshasyaee conveyed his discourse as Chairman and advised the shareholders about the procedures of the meeting, Chief Financial Officer M.D Ranganath introduced the organization’s money related execution for the monetary under survey.

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