Institutional shareholder dissent dips in H1FY26: Prime Database study

Corporate resolutions facing 20 per cent or more “against” votes from institutional shareholders fell to 13 per cent (1,545 out of 12,134) in the first half of 2025-26 (H1FY26), a decline from 16 per cent during the same period last year, according to an analysis by Prime Database Group.

 

Among Nifty 50 companies, resolutions opposed by over 20 per cent of institutional shareholders decreased to 9 per cent, down from 11 per cent in the corresponding period last year.

 

Meanwhile, resolutions that were completely voted down decreased to 63 (0.38 per cent) from 87 (0.60 per cent) in the prior year.

 

During the first half of 2025-26, a total of 16,693 resolutions were proposed across 2,124 NSE-listed companies, a 15 per cent increase from 14,500 resolutions by 1,996 companies in the same period of the previous year.

 

“This is an encouraging trend, indicating that companies are increasingly acknowledging minority shareholders’ interests and actively engaging with shareholders and proxy advisory firms to address their concerns before proposing resolutions,” said Pranav Haldea, managing director, Prime Database Group.