What is the voting status of a debenture holder in a company?

Debenture holders typically do not possess voting rights in a company. This is due to the nature of debentures, which are a form of debt financing rather than equity ownership. When a company issues debentures, it is essentially borrowing money from investors with an obligation to pay back the principal along with interest. As a result, debenture holders are creditors of the company, and their rights and interests are primarily related to the repayment of debt and the interests accrued, not to participation in the governance of the company.

In contrast, equity shareholders hold ownership in the corporation and possess voting rights that allow them to influence company decisions, including the election of directors and other corporate matters. The distinction between debt (debentures) and equity (shares) is fundamental in corporate finance and governance, where voting rights are predominantly reserved for shareholders.