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Home › Companies › Raia Drogasil SA › 2025-2026

Raia Drogasil SA 2025-2026 Proxy Voting Records

At Raia Drogasil SA's 2 shareholder meetings in the 2025-2026 proxy season (held December 22, 2025 and April 15, 2026), 67 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,941 separate fund positions. Their filings are grouped here into 38 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Ratification of Interim Dividends — the reporting funds cast 100% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 38Reported items
  • 67Asset managers
  • 1,941Fund votes
  • April 15, 2026Main meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Raia Drogasil SA has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Raia Drogasil SA in the interactive database Compare manager voting policies

How asset managers voted at the Raia Drogasil SA 2025-2026 meetings

Each item below shows how the 67 asset managers that disclosed a Raia Drogasil SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Raia Drogasil SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Fiscal Council Members

No official resultsCOMPENSATIONCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 314,752,250 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 314,752,250
Largest asset managers voting on “Elect Fiscal Council Members” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock52,406,8080 00For
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

2. Nomination of all the names that compose the slate. gilberto lerio flavio silveira anjos, paulo sergio buzaid tohme…

No official resultsAUDIT-RELATED

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE. GILBERTO LERIO FLAVIO SILVEIRA ANJOS, PAULO SERGIO BUZAID TOHME MARIO ANTONIO LUIZ CORREA AND ADEILDO PAULINO VIVIAN DO VALLE SOUZA LEAO MIKUI

The 12 asset managers below reported 58,733,515 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,733,515
Largest asset managers voting on “NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE. GILBERTO LERIO FLAVIO SILVEIRA ANJOS, PAULO SERGIO BUZAID ” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

3. Approve Recasting of Votes for Amended Supervisory Council Slate

No official resultsDIRECTOR ELECTIONS

Meeting held April 15, 2026; no official results are on file for this meeting.

0% of fund votes cast · no official result

AGAINST
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 28,306,349
Largest asset managers voting on “Approve Recasting of Votes for Amended Supervisory Council Slate” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard023,715,316 00Against
SEI02,272,862 00Against
Charles Schwab01,575,095 00Against
Russell Investments0382,473 00Against
SEI Exchange Traded Funds0207,029 00Against
Global X0123,554 00Against
Venerable Variable Insurance Trust030,020 00Against
Mercer Funds00 00--

4. Election of Supervisory Council

No official resultsDIRECTOR ELECTIONS

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Election of Supervisory Council” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

5. Amend Article 4 to Reflect Changes in Capital

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 44 asset managers

The 44 asset managers below reported 261,959,596 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 261,959,596
Largest asset managers voting on “Amend Article 4 to Reflect Changes in Capital” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,073,8070 00For
Vanguard31,260,7450 00For
T. Rowe Price29,228,1900 00For
TIAA16,222,7630 00For
Invesco13,020,2290 00For
FINANCIAL INVESTORS TRUST12,819,5000 00For
OLD WESTBURY FUNDS INC8,639,1700 00For
Legg Mason4,998,0590 00For
Fidelity3,846,9060 00For
Goldman Sachs3,689,6000 00For
Calvert3,166,7210 00For
Allspring2,713,3200 00For
Aberdeen2,596,2780 00For
State Street2,267,3900 00For
Northwestern Mutual2,142,1370 00For
American Century1,934,4880 00For
Morgan Stanley1,843,6880 00For
Dimensional1,790,5440 00For
Victory Capital1,743,4000 00For
Franklin Templeton937,8000 00For
AIG/SunAmerica899,2290 00For
DWS868,5580 00For
JPMorgan865,9820 00For
Empower791,9000 00For
Ashmore Funds580,9000 00For

Showing the 25 largest of 44 asset managers. All 44 are in the interactive database (link above).

6. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under…

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

35% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 43 asset managers

Description as filed by funds: In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate?

The 43 asset managers below reported 110,473,679 for, 204,278,571 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 110,473,679AGAINST: 204,278,571
Largest asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock052,406,808 00Against
Vanguard030,165,574 00Against
T. Rowe Price027,986,816 00Against
Fidelity018,895,638 00Against
FINANCIAL INVESTORS TRUST012,200,890 00Against
Invesco012,097,010 00Against
American Century07,622,676 00Against
Legg Mason07,547,563 00Against
OLD WESTBURY FUNDS INC07,348,033 00Against
Calvert03,137,299 00Against
Goldman Sachs02,826,530 00Against
Allspring02,417,586 00Against
State Street02,388,588 00Against
TIAA02,107,052 00Against
Dimensional01,989,655 00Against
Victory Capital01,748,268 00Against
GuideStone01,525,255 00Against
Franklin Templeton01,484,300 00Against
DWS01,170,973 00Against
AIG/SunAmerica0987,681 00Against
JPMorgan0869,794 00Against
Ashmore Funds0653,280 00Against
Northern Trust0621,624 00Against
Empower0614,338 00Against

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

7. IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Meeting held April 15, 2026; no official results are on file for this meeting.

0.1% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 12 asset managers

Description as filed by funds: IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161, PARAGRAPH 4, AND 240 OF LAW 6404, OF 1976, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED TO THE SAME SLATE

The 12 asset managers below reported 22,392 for, 58,711,123 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 22,392AGAINST: 58,711,123
Largest asset managers voting on “IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES ” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock027,878,202 00Against
RBC FUNDS TRUST021,825,784 00Against
TOUCHSTONE STRATEGIC TRUST05,533,662 00Against
EA Series Trust01,942,673 00Against
Calamos0605,727 00Against
John Hancock0428,583 00Against
Six Circles Trust0282,784 00Against
Jackson National0178,194 00Against
Krane Shares Trust026,551 00Against
SP Funds Trust22,3920 00For
GPS Funds I08,147 00Against
BAILLIE GIFFORD FUNDS0816 00Against

8. Consolidation of the companys bylaws to reflect the amendments described in resolution 2 above, if approved

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: CONSOLIDATION OF THE COMPANYS BYLAWS TO REFLECT THE AMENDMENTS DESCRIBED IN RESOLUTION 2 ABOVE, IF APPROVED

The 11 asset managers below reported 36,907,731 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,907,731
Largest asset managers voting on “CONSOLIDATION OF THE COMPANYS BYLAWS TO REFLECT THE AMENDMENTS DESCRIBED IN RESOLUTION 2 ABOVE, IF APPROVED” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

9. Change of the caput of article 4 of the companys bylaws, if item, 2, above is approved at the meeting, in order to…

No official resultsCAPITAL STRUCTURECORPORATE GOVERNANCE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: CHANGE OF THE CAPUT OF ARTICLE 4 OF THE COMPANYS BYLAWS, IF ITEM, 2, ABOVE IS APPROVED AT THE MEETING, IN ORDER TO REFLECT THE UPDATED SHARE CAPITAL, AS APPLICABLE

The 11 asset managers below reported 78,791,638 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,791,638
Largest asset managers voting on “CHANGE OF THE CAPUT OF ARTICLE 4 OF THE COMPANYS BYLAWS, IF ITEM, 2, ABOVE IS APPROVED AT THE MEETING, IN ORDE” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock43,590,8190 00For
RBC FUNDS TRUST24,984,8030 00For
TOUCHSTONE STRATEGIC TRUST8,091,5830 00For
BAILLIE GIFFORD FUNDS682,1160 00For
Calamos561,4000 00For
MASTER INVESTMENT PORTFOLIO336,8540 00For
John Hancock221,8000 00For
Jackson National166,4370 00For
Six Circles Trust120,3730 00For
Krane Shares Trust19,1680 00For
SP Funds Trust16,2850 00For

10. Amendments to Articles

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Amendments to Articles” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

11. Consolidation of Articles

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Consolidation of Articles” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

12. Amendments to Article 4 (Reconciliation of Share Capital)

No official resultsCORPORATE GOVERNANCE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 29,274,146 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,274,146
Largest asset managers voting on “Amendments to Article 4 (Reconciliation of Share Capital)” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,173,6180 00For
SEI2,163,1000 00For
Mercer Funds1,560,8000 00For
Charles Schwab1,549,5170 00For
Russell Investments379,2230 00For
Global X210,3160 00For
SEI Exchange Traded Funds190,2580 00For
Venerable Variable Insurance Trust47,3140 00For

13. Fix Number of Fiscal Council Members at Four (Three If There Is No Separate Election)

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 314,752,250 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 314,752,250
Largest asset managers voting on “Fix Number of Fiscal Council Members at Four (Three If There Is No Separate Election)” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock52,406,8080 00For
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

14. Setting the number of members of the companys fiscal council for the next term of office, in accordance with the…

No official resultsSHAREHOLDER RIGHTS AND DEFENSESCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: SETTING THE NUMBER OF MEMBERS OF THE COMPANYS FISCAL COUNCIL FOR THE NEXT TERM OF OFFICE, IN ACCORDANCE WITH THE COMPANYS MANAGEMENTS PROPOSAL

The 12 asset managers below reported 58,733,515 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,733,515
Largest asset managers voting on “SETTING THE NUMBER OF MEMBERS OF THE COMPANYS FISCAL COUNCIL FOR THE NEXT TERM OF OFFICE, IN ACCORDANCE WITH T” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

15. Supervisory Council Size

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Supervisory Council Size” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

16. Ratify Interest-on-Capital-Stock Payment

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 44 asset managers

The 44 asset managers below reported 261,959,596 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 261,959,596
Largest asset managers voting on “Ratify Interest-on-Capital-Stock Payment” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,073,8070 00For
Vanguard31,260,7450 00For
T. Rowe Price29,228,1900 00For
TIAA16,222,7630 00For
Invesco13,020,2290 00For
FINANCIAL INVESTORS TRUST12,819,5000 00For
OLD WESTBURY FUNDS INC8,639,1700 00For
Legg Mason4,998,0590 00For
Fidelity3,846,9060 00For
Goldman Sachs3,689,6000 00For
Calvert3,166,7210 00For
Allspring2,713,3200 00For
Aberdeen2,596,2780 00For
State Street2,267,3900 00For
Northwestern Mutual2,142,1370 00For
American Century1,934,4880 00For
Morgan Stanley1,843,6880 00For
Dimensional1,790,5440 00For
Victory Capital1,743,4000 00For
Franklin Templeton937,8000 00For
AIG/SunAmerica899,2290 00For
DWS868,5580 00For
JPMorgan865,9820 00For
Empower791,9000 00For
Ashmore Funds580,9000 00For

Showing the 25 largest of 44 asset managers. All 44 are in the interactive database (link above).

17. Ratification of Distribution of Interest on Capital

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 29,274,146 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,274,146
Largest asset managers voting on “Ratification of Distribution of Interest on Capital” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,173,6180 00For
SEI2,163,1000 00For
Mercer Funds1,560,8000 00For
Charles Schwab1,549,5170 00For
Russell Investments379,2230 00For
Global X210,3160 00For
SEI Exchange Traded Funds190,2580 00For
Venerable Variable Insurance Trust47,3140 00For

18. Ratification of Interim Dividends

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 51 asset managers

The 51 asset managers below reported 291,233,742 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 291,233,742
Largest asset managers voting on “Ratification of Interim Dividends” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,073,8070 00For
Vanguard54,434,3630 00For
T. Rowe Price29,228,1900 00For
TIAA16,222,7630 00For
Invesco13,020,2290 00For
FINANCIAL INVESTORS TRUST12,819,5000 00For
OLD WESTBURY FUNDS INC8,639,1700 00For
Legg Mason4,998,0590 00For
Fidelity3,846,9060 00For
Goldman Sachs3,689,6000 00For
Calvert3,166,7210 00For
Allspring2,713,3200 00For
Aberdeen2,596,2780 00For
State Street2,267,3900 00For
SEI2,163,1000 00For
Northwestern Mutual2,142,1370 00For
American Century1,934,4880 00For
Morgan Stanley1,843,6880 00For
Dimensional1,790,5440 00For
Victory Capital1,743,4000 00For
Mercer Funds1,560,8000 00For
Charles Schwab1,549,5170 00For
Franklin Templeton937,8000 00For
AIG/SunAmerica899,2290 00For
DWS868,5580 00For

Showing the 25 largest of 51 asset managers. All 51 are in the interactive database (link above).

19. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2025

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 43 asset managers

The 43 asset managers below reported 261,904,034 for, 52,848,216 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 261,904,034ABSTAIN: 52,848,216
Largest asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2025” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock00 52,406,8080Abstain
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

20. Approve Allocation of Income and Dividends

No official resultsCAPITAL STRUCTURE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 314,752,250 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 314,752,250
Largest asset managers voting on “Approve Allocation of Income and Dividends” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock52,406,8080 00For
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

21. Allocation of net income for the fiscal year ended December 31, 2025, as set forth in the companys management proposal

No official resultsCAPITAL STRUCTURE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: ALLOCATION OF NET INCOME FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025, AS SET FORTH IN THE COMPANYS MANAGEMENT PROPOSAL

The 12 asset managers below reported 58,733,515 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,733,515
Largest asset managers voting on “ALLOCATION OF NET INCOME FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025, AS SET FORTH IN THE COMPANYS MANAGEMENT ” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

22. Ratification of the appropriation of interest on equity in the gross amount of BRL 145,400,000.00., one hundred and…

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: RATIFICATION OF THE APPROPRIATION OF INTEREST ON EQUITY IN THE GROSS AMOUNT OF BRL 145,400,000.00., ONE HUNDRED AND FORTY,FIVE MILLION AND FOUR HUNDRED THOUSAND REAIS, CORRESPONDING TO BRL 0.084880137 PER COMMON SHARE ISSUED BY THE COMPANY, SUBJECT TO WITHHOLDING INCOME TAX, AS APPLICABLE, APPROVED UNDER THE TERMS OF THE MEETING OF THE COMPANYS BOARD OF DIRECTORS HELD ON NOVEMBER 28, 2025

The 11 asset managers below reported 78,791,638 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,791,638
Largest asset managers voting on “RATIFICATION OF THE APPROPRIATION OF INTEREST ON EQUITY IN THE GROSS AMOUNT OF BRL 145,400,000.00., ONE HUNDRE” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock43,590,8190 00For
RBC FUNDS TRUST24,984,8030 00For
TOUCHSTONE STRATEGIC TRUST8,091,5830 00For
BAILLIE GIFFORD FUNDS682,1160 00For
Calamos561,4000 00For
MASTER INVESTMENT PORTFOLIO336,8540 00For
John Hancock221,8000 00For
Jackson National166,4370 00For
Six Circles Trust120,3730 00For
Krane Shares Trust19,1680 00For
SP Funds Trust16,2850 00For

23. Ratification of the declaration of interim dividends approved at the meeting of the board of directors held on November…

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: RATIFICATION OF THE DECLARATION OF INTERIM DIVIDENDS APPROVED AT THE MEETING OF THE BOARD OF DIRECTORS HELD ON NOVEMBER 28, 2025

The 11 asset managers below reported 78,791,638 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,791,638
Largest asset managers voting on “RATIFICATION OF THE DECLARATION OF INTERIM DIVIDENDS APPROVED AT THE MEETING OF THE BOARD OF DIRECTORS HELD ON” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock43,590,8190 00For
RBC FUNDS TRUST24,984,8030 00For
TOUCHSTONE STRATEGIC TRUST8,091,5830 00For
BAILLIE GIFFORD FUNDS682,1160 00For
Calamos561,4000 00For
MASTER INVESTMENT PORTFOLIO336,8540 00For
John Hancock221,8000 00For
Jackson National166,4370 00For
Six Circles Trust120,3730 00For
Krane Shares Trust19,1680 00For
SP Funds Trust16,2850 00For

24. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Accounts and Reports” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

25. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Allocation of Profits/Dividends” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

26. Approve Remuneration of Company's Management

Meeting held April 15, 2026; no official results are on file for this meeting.

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 44 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 43 asset managers voting on “Approve Remuneration of Company's Management” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock52,406,8080 00For
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Fund voting reports, all 43 managers: 314,752,250 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 1 asset manager voting on “Approve Remuneration of Company's Management” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.5,329,5250 00For

Institutional-manager reports, all 1 managers: 5,329,525 for.

27. Authorize Capitalization of Reserves for Bonus Issue

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 44 asset managers

The 44 asset managers below reported 261,959,596 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 261,959,596
Largest asset managers voting on “Authorize Capitalization of Reserves for Bonus Issue” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,073,8070 00For
Vanguard31,260,7450 00For
T. Rowe Price29,228,1900 00For
TIAA16,222,7630 00For
Invesco13,020,2290 00For
FINANCIAL INVESTORS TRUST12,819,5000 00For
OLD WESTBURY FUNDS INC8,639,1700 00For
Legg Mason4,998,0590 00For
Fidelity3,846,9060 00For
Goldman Sachs3,689,6000 00For
Calvert3,166,7210 00For
Allspring2,713,3200 00For
Aberdeen2,596,2780 00For
State Street2,267,3900 00For
Northwestern Mutual2,142,1370 00For
American Century1,934,4880 00For
Morgan Stanley1,843,6880 00For
Dimensional1,790,5440 00For
Victory Capital1,743,4000 00For
Franklin Templeton937,8000 00For
AIG/SunAmerica899,2290 00For
DWS868,5580 00For
JPMorgan865,9820 00For
Empower791,9000 00For
Ashmore Funds580,9000 00For

Showing the 25 largest of 44 asset managers. All 44 are in the interactive database (link above).

28. Approve Remuneration of Fiscal Council Members

No official resultsCOMPENSATIONCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 43 asset managers

The 43 asset managers below reported 314,752,250 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 314,752,250
Largest asset managers voting on “Approve Remuneration of Fiscal Council Members” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Capital Group110,473,6790 00For
BlackRock52,406,8080 00For
Vanguard30,165,5740 00For
T. Rowe Price27,986,8160 00For
Fidelity18,895,6380 00For
FINANCIAL INVESTORS TRUST12,200,8900 00For
Invesco12,097,0100 00For
American Century7,622,6760 00For
Legg Mason7,547,5630 00For
OLD WESTBURY FUNDS INC7,348,0330 00For
Calvert3,137,2990 00For
Goldman Sachs2,826,5300 00For
Allspring2,417,5860 00For
State Street2,388,5880 00For
TIAA2,107,0520 00For
Dimensional1,989,6550 00For
Victory Capital1,748,2680 00For
GuideStone1,525,2550 00For
Franklin Templeton1,484,3000 00For
DWS1,170,9730 00For
AIG/SunAmerica987,6810 00For
JPMorgan869,7940 00For
Ashmore Funds653,2800 00For
Northern Trust621,6240 00For
Empower614,3380 00For

Showing the 25 largest of 43 asset managers. All 43 are in the interactive database (link above).

29. Setting the annual global limit to the companys management compensation, in accordance with the companys managements…

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: SETTING THE ANNUAL GLOBAL LIMIT TO THE COMPANYS MANAGEMENT COMPENSATION, IN ACCORDANCE WITH THE COMPANYS MANAGEMENTS PROPOSAL

The 12 asset managers below reported 58,733,515 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,733,515
Largest asset managers voting on “SETTING THE ANNUAL GLOBAL LIMIT TO THE COMPANYS MANAGEMENT COMPENSATION, IN ACCORDANCE WITH THE COMPANYS MANAG” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

30. Amendment of RD saude's bylaws to (a) explain the circumstances under which the board of directors may approve an…

No official resultsCORPORATE GOVERNANCE

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: AMENDMENT OF RD SAUDE'S BYLAWS TO (A) EXPLAIN THE CIRCUMSTANCES UNDER WHICH THE BOARD OF DIRECTORS MAY APPROVE AN INCREASE IN THE COMPANYS SHARE CAPITAL WITHIN THE LIMITS OF THE AUTHORIZED CAPITAL, (B) INCLUDE PROVISIONS REGARDING THE AUTOMATIC ADJUSTMENT OF THE AUTHORIZED CAPITAL IN THE EVENT OF A STOCK SPLIT OR REVERSE STOCK SPLIT, (C) EXPRESSLY INCLUDE WITHIN THE BOARD OF DIRECTORS' AUTHORITY THE DECLARATION OF INTEREST ON EQUITY AND BONUS SHARES, (D) AMEND THE COMPOSITION, TERM OF OFFICE, AND POWERS OF THE COMPANYS EXECUTIVE BOARD, INCLUDING THE CREATION OF THE POSITION OF VICE PRESIDENT OF SUPPLY CHAIN, AS WELL AS AMEND THE RULES GOVERNING THE CONDUCT OF THE BODYS MEETINGS, (E) REMOVE THE REQUIREMENT THAT SHAREHOLDERS PRESENT A CERTIFICATE ISSUED BY THE FINANCIAL INSTITUTION HOLDING THE BOOK-ENTRY SHARES UNDER THEIR OWNERSHIP IN ORDER TO PARTICIPATE IN THE COMPANYS SHAREHOLDERS MEETINGS, (F) AMEND THE RULES APPLICABLE TO THE DECLARATION OF INTEREST ON EQUITY AND THE DECLARATION OF INTERIM AND PERIODICAL DIVIDENDS, IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS, REMOVING THE NEED FOR RATIFICATION BY THE SHAREHOLDERS MEETING, AND (G) ADJUST THE NUMBERING AND CROSS-REFERENCES IN LIGHT OF THE PROPOSED AMENDMENTS ABOVE, AS WELL AS APPROVE OTHER CONSISTENCY ADJUSTMENTS AND WORDING IMPROVEMENTS

The 11 asset managers below reported 36,907,731 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 36,907,731
Largest asset managers voting on “AMENDMENT OF RD SAUDE'S BYLAWS TO (A) EXPLAIN THE CIRCUMSTANCES UNDER WHICH THE BOARD OF DIRECTORS MAY APPROVE” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

31. Approval of the second amendment to the company's restricted shares plan approved on September 15, 2020

Meeting held April 15, 2026; no official results are on file for this meeting.

22% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 11 asset managers

Description as filed by funds: APPROVAL OF THE SECOND AMENDMENT TO THE COMPANY'S RESTRICTED SHARES PLAN APPROVED ON SEPTEMBER 15, 2020

The 11 asset managers below reported 8,210,485 for, 28,697,246 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,210,485AGAINST: 28,697,246
Largest asset managers voting on “APPROVAL OF THE SECOND AMENDMENT TO THE COMPANY'S RESTRICTED SHARES PLAN APPROVED ON SEPTEMBER 15, 2020” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock027,878,202 00Against
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock44,916383,667 00Mixed
Six Circles Trust0282,784 00Against
Jackson National52,968125,226 00Mixed
Krane Shares Trust026,551 00Against
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS0816 00Against

32. Approval of the increase in the companys share capital through the capitalization of part of the profit reserves in the…

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: APPROVAL OF THE INCREASE IN THE COMPANYS SHARE CAPITAL THROUGH THE CAPITALIZATION OF PART OF THE PROFIT RESERVES IN THE TOTAL AMOUNT OF BRL 750,000,000.00., SEVEN HUNDRED AND FIFTY MILLION REAIS, WITH THE FREE DISTRIBUTION OF SHARES TO SHAREHOLDERS AS A BONUS, IN THE PROPORTION OF 2 PERCENT, TWO PERCENT, OF THE TOTAL COMMON SHARES, WHICH WILL CORRESPOND TO THE ISSUANCE OF 34,360,144., THIRTY,FOUR MILLION, THREE HUNDRED AND SIXTY THOUSAND, ONE HUNDRED AND FORTY,FOUR, NEW COMMON SHARES, WITH 1, ONE, NEW COMMON SHARE ISSUED FOR EVERY 50, FIFTY, EXISTING COMMON SHARES

The 11 asset managers below reported 78,791,638 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,791,638
Largest asset managers voting on “APPROVAL OF THE INCREASE IN THE COMPANYS SHARE CAPITAL THROUGH THE CAPITALIZATION OF PART OF THE PROFIT RESERV” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock43,590,8190 00For
RBC FUNDS TRUST24,984,8030 00For
TOUCHSTONE STRATEGIC TRUST8,091,5830 00For
BAILLIE GIFFORD FUNDS682,1160 00For
Calamos561,4000 00For
MASTER INVESTMENT PORTFOLIO336,8540 00For
John Hancock221,8000 00For
Jackson National166,4370 00For
Six Circles Trust120,3730 00For
Krane Shares Trust19,1680 00For
SP Funds Trust16,2850 00For

33. Amendment to the Restricted Shares Plan

Meeting held April 15, 2026; no official results are on file for this meeting.

83% of fund votes cast · no official result

FORAGAINST
Details: votes by 8 asset managers

The 8 asset managers below reported 23,578,525 for, 4,727,824 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 23,578,525AGAINST: 4,727,824
Largest asset managers voting on “Amendment to the Restricted Shares Plan” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,578,525136,791 00For
SEI02,272,862 00Against
Charles Schwab01,575,095 00Against
Russell Investments0382,473 00Against
SEI Exchange Traded Funds0207,029 00Against
Global X0123,554 00Against
Venerable Variable Insurance Trust030,020 00Against
Mercer Funds00 00--

34. Supervisory Council Fees

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Supervisory Council Fees” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

35. Capitalization of Reserves for Bonus Share Issuance

No official resultsCAPITAL STRUCTURE

Meeting held December 22, 2025; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 29,274,146 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,274,146
Largest asset managers voting on “Capitalization of Reserves for Bonus Share Issuance” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,173,6180 00For
SEI2,163,1000 00For
Mercer Funds1,560,8000 00For
Charles Schwab1,549,5170 00For
Russell Investments379,2230 00For
Global X210,3160 00For
SEI Exchange Traded Funds190,2580 00For
Venerable Variable Insurance Trust47,3140 00For

36. Remuneration Policy

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: votes by 8 asset managers

The 8 asset managers below reported 28,306,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,306,349
Largest asset managers voting on “Remuneration Policy” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard23,715,3160 00For
SEI2,272,8620 00For
Charles Schwab1,575,0950 00For
Russell Investments382,4730 00For
SEI Exchange Traded Funds207,0290 00For
Global X123,5540 00For
Venerable Variable Insurance Trust30,0200 00For
Mercer Funds00 00--

37. Setting the remuneration of the members of the fiscal council, as set forth in the companys management proposal

No official resultsAUDIT-RELATED

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: SETTING THE REMUNERATION OF THE MEMBERS OF THE FISCAL COUNCIL, AS SET FORTH IN THE COMPANYS MANAGEMENT PROPOSAL

The 12 asset managers below reported 58,733,515 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,733,515
Largest asset managers voting on “SETTING THE REMUNERATION OF THE MEMBERS OF THE FISCAL COUNCIL, AS SET FORTH IN THE COMPANYS MANAGEMENT PROPOSA” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock27,878,2020 00For
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust282,7840 00For
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

38. Voting on the managers accounts review, discussion, and vote on the financial statements for the fiscal year ended…

Meeting held April 15, 2026; no official results are on file for this meeting.

100% of fund votes cast · no official result

FORABSTAIN
Details: description as filed, votes by 12 asset managers

Description as filed by funds: VOTING ON THE MANAGERS ACCOUNTS REVIEW, DISCUSSION, AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025, ACCOMPANIED BY THE MANAGEMENT REPORT, THE INDEPENDENT AUDITORS REPORT, PUBLISHED IN THE MARCH 5, 2026, EDITION OF THE NEWSPAPER O ESTADO DE SAO PAULO, AS WELL AS THE OPINION OF THE FISCAL COUNCIL AND THE OPINION OF THE AUDIT COMMITTEE

The 12 asset managers below reported 30,572,529 for, 28,160,986 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 30,572,529ABSTAIN: 28,160,986
Largest asset managers voting on “VOTING ON THE MANAGERS ACCOUNTS REVIEW, DISCUSSION, AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR E” at Raia Drogasil SA, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock00 27,878,2020Abstain
RBC FUNDS TRUST21,825,7840 00For
TOUCHSTONE STRATEGIC TRUST5,533,6620 00For
EA Series Trust1,942,6730 00For
Calamos605,7270 00For
John Hancock428,5830 00For
Six Circles Trust00 282,7840Abstain
Jackson National178,1940 00For
Krane Shares Trust26,5510 00For
SP Funds Trust22,3920 00For
GPS Funds I8,1470 00For
BAILLIE GIFFORD FUNDS8160 00For

Largest Raia Drogasil SA shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Raia Drogasil SA shareholders by shares voted on “Ratification of Interim Dividends”, 2025-2026
#Asset manager Shares voted
1Capital Group 110,073,807
2Vanguard 54,434,363
3T. Rowe Price 29,228,190
4TIAA 16,222,763
5Invesco 13,020,229
6FINANCIAL INVESTORS TRUST 12,819,500
7OLD WESTBURY FUNDS INC 8,639,170
8Legg Mason 4,998,059
9Fidelity 3,846,906
10Goldman Sachs 3,689,600
Institutional-manager reports: top Raia Drogasil SA shareholders by shares voted on “Approve Remuneration of Company's Management”, 2025-2026
#Asset manager Shares voted
1APG Asset Management US Inc. 5,329,525

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Raia Drogasil SA for the 2025-2026 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Raia Drogasil SA proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Raia Drogasil SA 2025-2026 Shareholder Meetings: Vote Results”, https://proxyvotesnow.com/company/raia-drogasil-sa/2026 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.