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Home / Companies / Larsen & Toubro Limited / 9 Aug 2023

Meeting · year to 30 June 2024122 filers reporting

Larsen & Toubro Limited: meeting of 9 Aug 2023

Votes reported on Form N-PX, item by item

122 Form N-PX filers reported votes at the Larsen & Toubro Limited meeting of 9 Aug 2023. Their records fall into 7 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.

foragainstabstain, withhold or otheramber tick: the portion cast against management

Items

1

DIRECTOR ELECTIONSIssuer

Director elections

3 nominees; 41.2% of reported votes for; 103 filers withheld from or voted against at least one nominee.

585 vote records from 121 filers. 60 of the 121 filers that marked the item either way voted against management.

2 filers reported share counts too large to be the holding described. Those figures are left out of the share split below; the counts of filers include them. How that is decided

49.6% for50.4% against49.6% against management121 filers
2

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

33 vote records from 27 filers. 0 of the 27 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management27 filers100.0% for0.0% against0.0% against management9,285,067 reported shares
3

EXTRAORDINARY TRANSACTIONSIssuer

EXTRAORDINARY TRANSACTIONS: management items

Management items in this category are shown together; filers word and number them differently.

112 vote records from 13 filers. 0 of the 13 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management13 filers99.9% for0.1% against0.1% against management9,940,483 reported shares, counted once per item in this group
4

CAPITAL STRUCTUREIssuer

CAPITAL STRUCTURE: management items

Management items in this category are shown together; filers word and number them differently.

195 vote records from 121 filers. 1 of the 121 filers that marked the item either way voted against management.

2 filers reported share counts too large to be the holding described. Those figures are left out of the share split below; the counts of filers include them. How that is decided

99.2% for0.8% against0.8% against management121 filers97.3% for2.7% against2.7% against management108,346,811 reported shares, counted once per item in this group
5

COMPENSATIONIssuer

COMPENSATION: management items

Management items in this category are shown together; filers word and number them differently.

162 vote records from 94 filers. 0 of the 94 filers that marked the item either way voted against management.

2 filers reported share counts too large to be the holding described. Those figures are left out of the share split below; the counts of filers include them. How that is decided

100.0% for0.0% against0.0% against management94 filers100.0% for0.0% against0.0% against management99,061,744 reported shares, counted once per item in this group
6

CORPORATE GOVERNANCEIssuer

CORPORATE GOVERNANCE: management items

Management items in this category are shown together; filers word and number them differently.

1,605 vote records from 108 filers. 1 of the 108 filers that marked the item either way voted against management.

2 filers reported share counts too large to be the holding described. Those figures are left out of the share split below; the counts of filers include them. How that is decided

99.1% for0.0% against0.9% other0.9% against management108 filers99.8% for0.2% against0.0% other0.2% against management962,106,730 reported shares, counted once per item in this group
7

OTHERIssuer

OTHER: management items

Management items in this category are shown together; filers word and number them differently.

53 vote records from 14 filers. 0 of the 14 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management14 filers100.0% for0.0% against0.0% against management3,080,074 reported shares, counted once per item in this group

How the largest families voted

Family1. Directors2. Auditor
VanguardForFor
BlackRock and iSharesForNo report
FidelityForNo report
DimensionalAgainst *No report
State Street and SPDRAgainst *No report
American CenturyAgainst *No report
Franklin TempletonAgainst *No report
InvescoForNo report
EquitableForNo report
Charles SchwabForFor
Nuveen and TIAAForNo report
John Hancock and ManulifeAgainst *For
Morgan Stanley, Eaton Vance and CalvertForNo report
J.P. MorganForFor
Goldman SachsAgainst *No report
WisdomTreeAgainst *No report
PGIM and PrudentialForNo report
Jackson National fundsForFor
Northern Trust and FlexSharesAgainst *No report
SEIForFor
T. Rowe PriceForNo report
ThriventAgainst *No report
Lincoln FinancialAgainstNo report
VoyaAgainst *No report
First TrustAgainst *No report
Russell InvestmentsForFor
NationwideAgainst *No report
Victory CapitalAgainst *No report
Columbia ThreadneedleAgainst *No report
BNY MellonAgainst *No report
Capital Group and American FundsForNo report
Pacific Life fundsAgainst *No report
TransamericaForFor
Federated HermesAgainst *For
Hartford FundsForFor
DWSAgainst *No report
PIMCOAgainst *No report
AllspringAgainst *No report
MassMutualForNo report
Macquarie and Delaware FundsAgainst *No report
Neuberger BermanForFor
Dodge & CoxForNo report

* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.

Questions

How did large funds vote at the Larsen & Toubro Limited meeting?

122 Form N-PX filers reported votes at the meeting of 9 Aug 2023. The family table lists each of the largest families item by item.

Is this the meeting result?

No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Larsen & Toubro Limited on Form 8-K.

Why are director elections shown as counts only?

Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.

Every meeting on file for Larsen & Toubro Limited

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Larsen & Toubro Limited with a meeting date within three days of 9 Aug 2023. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.