Meeting Details

The 39th Annual General Meeting (AGM) of Advani Hotels & Resorts (India) Limited was held on Tuesday, September 22, 2026, commencing at 2:00 pm and concluding at 3:18 pm. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of members, in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The registered office at 18A & 18B, Jolly Maker Chambers – II, Nariman Point, Mumbai - 400021 was deemed the venue for the meeting.

Attendance

54 members attended the AGM through VC/OAVM. The following directors, key managerial personnel, and representatives were present:

Directors and KMPs:

  • Mr. Sunder G. Advani - Chairman & Managing Director
  • Mr. Haresh Advani - Executive Director
  • Mr. Prahlad Advani - Whole-Time Director & CEO
  • Mr. Anil Harish - Independent Director and Chairman of Audit Committee and Nomination & Remuneration Committee
  • Mr. Satyan Israni - Independent Director
  • Mr. Vinay Chauhan - Independent Director
  • Mrs. Menaka Advani - Non-Executive Director and Chairperson of Stakeholders' Relationship Committee and CSR Committee
  • Mrs. Nina Advani - Non-Executive Director
  • Mr. Milind Nigam - Company Secretary & Compliance Officer
  • Mr. Ajay G. Vichare - Chief Financial Officer

Other Representatives:

  • Mr. Arun Verma - Partner, M/s. J. G. Verma & Associates, Chartered Accountants (Statutory Auditors)
  • Mr. Avinash Bagul - Partner, M/s. BNP & Associates, Company Secretaries (Secretarial Auditors and Scrutinizer for the meeting)
  • CS Manish Baldeva - Proprietor, M/s. M Baldeva Associates, Company Secretaries (Secretarial Consultant)

Voting Process

Remote e-voting was provided through National Securities Depository Limited (NSDL) from Saturday, September 19, 2026 (9:00 hrs) to Monday, September 21, 2026 (17:00 hrs). Members present at the AGM who had not voted remotely were given an opportunity to vote through the e-voting system provided by NSDL during the meeting and until 15 minutes after its conclusion. Mr. Avinash Bagul was appointed as Scrutinizer to scrutinize the e-voting process.

Business Transacted

Ordinary Business:

1. Adoption of Financial Statements: Adoption of the Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Directors and Auditors thereon (Ordinary Resolution).

2. Noting of Interim Dividends: Noting of interim dividends paid during FY26:

  • First Interim Dividend of ₹1.00 per equity share (50% of paid-up equity share capital) paid on January 23, 2026
  • Second Interim Dividend of ₹0.80 per equity share (40% of paid-up equity share capital) paid on May 23, 2026

Total interim dividends for FY26: ₹1.80 per equity share (Ordinary Resolution).

3. Re-appointment of Director: Re-appointment of Mr. Haresh G. Advani (DIN: 00001358), who retired by rotation and was eligible for re-appointment (Ordinary Resolution).

Special Business:

4. Re-appointment of CEO: Re-appointment of Mr. Prahlad S. Advani (DIN: 06943762) as Whole-Time Director and Chief Executive Officer for a further period of 5 years from August 1, 2027, to July 31, 2032 (Ordinary Resolution). Mr. Sunder G. Advani vacated the chair for this item due to interest, and Mr. Anil Harish chaired this part of the meeting.

5. Remuneration Approval: Approval of remuneration payable to Mr. Prahlad S. Advani as Whole-Time Director and CEO for the period from August 1, 2027, to July 31, 2032 (Ordinary Resolution).

Other Proceedings

The Chairman briefed members about the company's progress and achievements during FY 2025-26. The Statutory Auditors' Report contained no qualifications, reservations, adverse remarks, or disclaimer. Members raised queries regarding the company's working, which were responded to by Mr. Sunder G. Advani.

Voting Results Declaration

The consolidated results of remote e-voting and e-voting during the meeting were to be declared within 2 working days from the conclusion of the meeting. Results were to be displayed at the registered office, available on the company's website (www.caravelabeachresortgoa.com), NSDL's website, and communicated to BSE Limited and National Stock Exchange of India Limited.