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News & Events View More

  • The story of Vakrangee’s secret golden goose

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  • JN Gupta, Ex-ED, SEBI Speaks On IL & FS Crisis

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  • India's NBFCs Need Modes For Long-term Borrowing; IL&FS Analysis Currently Only Guesswork', Says Ex-

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  • RBI should revisit its policies, even redefine objectives

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  • Birla MF holds swing vote in Century-UltraTech deal

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  • Podcast | Digging Deeper - Bailout corporation of India? A closer look at LIC, India’s white knight

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Latest Research Reports View More

Tata Sponge Case: ‘Minority Oppresses Majority’!


Is it a coincidence that 3.77% of total capital has voted against or are we reading too much? Defeat of three RPTs by shareholders in recently concluded AGM of Tata Sponge Iron Ltd is an eye opener and requires regulator to have a relook at laws...

Share Pledging and Empty Voting


The Report analyses pledging of shares, by promoters and non-promoter’s shareholders of Indian listed companies, with an objective to draw meaningful conclusions from the available data and correlate the data to support the hypothesis that pledging might lead to Empty Voting.

Latest Proxy Advisory Reports

Name Date Type
P & G Hygiene 29-11-2018 AGM
Indiabulls Vent. 28-11-2018 EGM
Mahanagar Gas 24-11-2018 PB
Valiant Organics 22-11-2018 CCM
Bombay Rayon 22-11-2018 EGM
View SES Recommendation

Pillars of SES


    We do not have any material association with listed firms. Our employees do not hold directorships at listed companies. This helps us maintain our independence and provide unbiased advice to clients. We do not accept assignments that may have a potential conflict with our objectives.

    Conflict Management

    We provide governance advisory services to investors at listed companies. To remove any conflict of interests, we do not have any pecuniary or advisory relationship with listed companies. We have internal controls for interactions with listed firms and maintain a clear audit trail.

    Non for Profit

    SES has adopted a not-for-profit business model to eliminate any perceived compromise with independence and to mitigate any potential conflict of interests. Our business model ensures that we place clients’ interests above our own and treat each client equally.


    Our diverse and independent advisory board guides our policy making process which ensures that our policies are transparent and take opinions of all stakeholders into accounts. We disclose all non-material relationships with listed firms on our website and use only public information for analysis.