Individual shareholders are likely to vote more on the im portant resolutions of companies in the coming days, say stock market pundits. They feel that the recent defeat of Tata Motors' resolution to ratify a salary hike for its senior executive and the convenience of e-voting may fuel more investor participation in the coming days. With e-voting facility , it is no longer necessary for shareholders to attend annual general meetings (AGMs) in far flung places to cast their vote on important resolutions. Bajaj Auto, for instance, received 386 electronic ballots, much higher than the 62 physical ballots, at its recent AGM held on July 17.
"E-voting is important to retail shareholders. Their voice needs to be heard and felt by the promoters as all decisions taken by the management may not necessarily be in the interest of all shareholders," says Aseem Dhru, MD and CEO, HDFC Securities. "Retail investors should cast their vote on important resolutions such as remuneration of key executives, buyback of shares, approval of accounts, granting of loans or extension of a guarantee in excess of prescribed limits," says Vishal Gulechha, head -equity product group, ICICI Securities. He sees an increasing trend amongst investors participating in e-voting.