Federal-Mogul Goetze shareholders approve all five AGM resolutions
- All five AGM resolutions approved with requisite majority
- Promoter group voted 100% in favour of all items
- Public institutions voted 90.69% against director commission payout
- Total votes polled represented 75.3% of paid-up capital

*this image is generated using AI for illustrative purposes only.
Federal-Mogul Goetze (India) Limited shareholders approved all five resolutions proposed at the 71st Annual General Meeting held on September 24, 2026. The voting results, disclosed in the consolidated scrutinizer's report submitted on September 28, 2026, confirm the adoption of FY26 financial statements and the re-appointment of directors Rishi Verma and Jason Wesley Johnson.
The meeting, conducted via video conferencing, saw a total of 41,890,937 votes polled across all resolutions, representing approximately 75.3% of the company's total paid-up equity share capital. The scrutinizer, Abhishek Bansal, certified that the voting process complied with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.
Voting outcomes on key resolutions
The following table summarizes the voting results for the ordinary resolutions passed during the meeting:
| Resolution | Description | Votes For | Votes Against | % In Favour |
|---|---|---|---|---|
| Res 1 | Adoption of FY26 Financial Statements | 41,890,781 | 156 | 99.99% |
| Res 2 | Re-appointment of Rishi Verma | 41,884,002 | 6,935 | 99.98% |
| Res 3 | Re-appointment of Jason Wesley Johnson | 41,883,699 | 7,238 | 99.98% |
| Res 4 | Ratification of Cost Auditor Remuneration | 41,877,797 | 13,140 | 99.96% |
| Res 5 | Payment of Commission to Non-Executive Directors | 41,749,648 | 141,289 | 99.66% |
All resolutions were approved with the requisite majority. The promoter group, holding 41,715,454 shares, voted in favour of every resolution. Public institutional shareholders voted unanimously for the first four items but showed significant dissent on the fifth resolution regarding director commissions.
Governance and attendance details
The meeting was chaired by Rajesh Jain, Chairman and Independent Director. Directors present included Rayasam Venkataramaiah, Nalini Jolly, Amit Mittal (Managing Director & CFO), Rishi Verma, and Gangasagar Neminath Hemade (CEO). Non-Executive Directors Varun Dua and Jason Wesley Johnson sought leave of absence.
Deloitte Haskins & Sells LLP attended as Statutory Auditors, while Deepika Gera Company Secretaries served as Secretarial Auditors. Abhishek Bansal acted as the Scrutinizer for the e-voting process, which was conducted through NSDL's platform. The remote e-voting period ran from September 21 to September 23, 2026, with additional e-voting available during the live meeting.
Shareholder participation trends
A notable divergence appeared in public shareholder sentiment regarding executive compensation. While public institutions voted 90.69% against the payment of commission to Non-Executive Directors, public non-institutional shareholders voted 60.48% against the same measure. Despite this high level of dissent from the public minority, the overwhelming support from the promoter group ensured the resolution's passage.
The total paid-up equity share capital as of the cut-off date (September 17, 2026) stood at ₹55.63 crore, divided into 5,56,32,130 equity shares of ₹10 each. A total of 50,253 shareholders were on record, with 91 attendees participating via video conferencing.
Historical Stock Returns for Federal Mogul Goetze
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.41% | -3.79% | -1.54% | -1.00% | -6.51% | +60.36% |
How might the significant dissent from public institutional shareholders on non-executive director commissions influence future governance reforms or shareholder activism at Federal-Mogul Goetze?
What strategic implications does the unanimous promoter support for FY26 financials suggest for the company's upcoming capital allocation or dividend policy decisions?
Given the high e-voting participation rate, will the company face increased pressure to enhance transparency in executive compensation disclosures in subsequent reporting cycles?


































