Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Chalet Hotels Limited

Meeting Details

The 41st Annual General Meeting was held on Monday, September 21, 2026, at 4:00 p.m. IST through video conference/other audio visual means (VC/OAVM).

Proposed Resolutions and Implications

Seven resolutions were proposed and approved at the meeting:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with Board of Directors and Auditors reports

2. Ordinary Resolution: Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors report

3. Ordinary Resolution: Approval for payment of Final Dividend of Re.1 per Equity Share for Financial Year 2025-26

4. Ordinary Resolution: Re-appointment of Mr. Ravi Raheja (DIN: 00028044) as Director retiring by rotation

5. Ordinary Resolution: Ratification of remuneration to the Cost Auditor

6. Special Resolution: Raising funds through issue of Debt securities on a Private Placement basis

7. Special Resolution: Appointment of Mr. Gautam Mehra (DIN: 11700652) as an Independent Director

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: September 18, 2026 (9:00 a.m. IST) to September 20, 2026 (5:00 p.m. IST)
  • E-voting during the AGM: September 21, 2026

National Securities Depository Limited (NSDL) was appointed to facilitate both remote e-voting and e-voting during the AGM.

Key Voting Outcomes

Shareholder Participation

  • Total shareholders on record date (September 15, 2026): 46,546
  • Shareholders attending through video conferencing: 85 (54 Promoters/Promoter Group, 31 Public)
  • Total outstanding shares: 21,89,94,127

Resolution-wise Results:

Resolution 1 (Ordinary - Adoption of Standalone Financial Statements)

  • Total votes polled: 20,97,35,601 (95.7722% of outstanding shares)
  • Votes in favor: 20,97,35,593 (100.0000% of votes polled)
  • Votes against: 8 (0.0000% of votes polled)

Resolution 2 (Ordinary - Adoption of Consolidated Financial Statements)

  • Total votes polled: 20,97,35,601 (95.7722% of outstanding shares)
  • Votes in favor: 20,97,35,593 (100.0000% of votes polled)
  • Votes against: 8 (0.0000% of votes polled)

Resolution 3 (Ordinary - Final Dividend of Re.1 per share)

  • Total votes polled: 20,97,62,389 (95.7845% of outstanding shares)
  • Votes in favor: 20,97,62,381 (100.0000% of votes polled)
  • Votes against: 8 (0.0000% of votes polled)

Resolution 4 (Ordinary - Re-appointment of Mr. Ravi Raheja)

  • Total votes polled: 20,97,62,389 (95.7845% of outstanding shares)
  • Votes in favor: 20,68,76,130 (98.6240% of votes polled)
  • Votes against: 28,86,259 (1.3760% of votes polled)

Resolution 5 (Ordinary - Ratification of Cost Auditor remuneration)

  • Total votes polled: 20,97,62,389 (95.7845% of outstanding shares)
  • Votes in favor: 20,97,62,369 (100.0000% of votes polled)
  • Votes against: 20 (0.0000% of votes polled)

Resolution 6 (Special - Private Placement Debt Issuance)

  • Total votes polled: 20,97,62,389 (95.7845% of outstanding shares)
  • Votes in favor: 20,97,62,369 (100.0000% of votes polled)
  • Votes against: 20 (0.0000% of votes polled)

Resolution 7 (Special - Appointment of Mr. Gautam Mehra as Independent Director)

  • Total votes polled: 20,95,32,389 (95.6795% of outstanding shares)
  • Votes in favor: 20,70,24,835 (98.8033% of votes polled)
  • Votes against: 25,07,554 (1.1967% of votes polled)

Category-wise Voting Breakdown:

Promoter and Promoter Group (14,73,64,680 shares)

  • Consistently voted 100% in favor on all resolutions except Resolution 7 where data shows 100% favor
  • Participation rate: 99.9891% across resolutions

Public Institutions (6,49,64,709 shares)

  • Voted 100% in favor on most resolutions
  • Notable opposition on Resolution 4 (Re-appointment of Director): 4.6264% against
  • Notable opposition on Resolution 7 (Appointment of Independent Director): 4.0343% against
  • Participation rate: ~95.67-96.03% across resolutions

Public Non-Institutions (66,64,738 shares)

  • Minimal participation (0.4290%)
  • Minor opposition on several resolutions (0.0280-0.1923% against)

Scrutinizer's Role and Findings

Mr. Saurabh Agarwal (Membership No: 9290), Designated Partner of MMJB & Associates LLP, was appointed as Scrutinizer to conduct the remote e-voting process and e-voting during the AGM. The scrutinizer:

  • Verified the voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Maintained electronic records of assent/dissent received
  • Confirmed that all votes were properly cast and counted
  • Issued a consolidated report dated September 22, 2026
  • Noted that votes of Foreign Portfolio Investors who hadn't submitted additional disclosures by the prescribed period were restricted as per SEBI Master Circular No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 dated May 30, 2024

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Applicable Secretarial Standards
  • MCA General Circulars regarding electronic communication and meetings
  • Notice and explanatory statement were dispatched to shareholders on August 29, 2026
  • Newspaper advertisements were published in Financial Express, Free Press Journal, and Navshakti on August 31, 2026

Additional Information

The voting results along with the scrutinizer's report have been made available on the websites of National Securities Depository Limited (www.evoting.nsdl.com) and the company (www.chalethotels.com).