Meeting Details

The 41st AGM was held on Monday, September 21, 2026 at 4:00 PM through a two-way Video Conference facility in accordance with Circulars issued by the Ministry of Corporate Affairs.

Attendance and Proceedings

  • Ms. Christabelle Baptista, Company Secretary, welcomed members and confirmed the meeting was conducted via VC as per MCA guidelines
  • Mr. Hetal Gandhi, Chairman of the Meeting, introduced Directors and Key Managerial Personnel
  • Ms. Radhika Piramal and Mr. Arthur DeHaast, Independent Directors, were absent due to prior commitments and were granted leave of absence
  • Quorum requirements under Companies Act, 2013 were met
  • Representatives of Statutory Auditors, Secretarial Auditors, and Scrutinisers participated through Video Conference
  • Notice of AGM and Annual Report for FY 2025-26 were sent electronically to members with registered email addresses
  • A letter with link to Annual Report was sent to shareholders without registered email addresses
  • No qualifications, observations or comments in Statutory Auditors or Secretarial Auditors reports except for Emphasis of Matter by Statutory Auditors

Voting Process

  • Remote e-voting commenced at 9:00 AM IST on September 18, 2026 and concluded at 5:00 PM IST on September 20, 2026
  • Mr. Saurabh Agarwal of M/s. MMJB & Associates LLP was appointed as Scrutiniser to scrutinise votes cast
  • E-voting facility was available for 15 minutes post-meeting conclusion for members who hadn't voted remotely

Business Items Approved

The following items from the AGM notice were approved as Ordinary and Special Resolutions with requisite majority:

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

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 along with Report of Auditors - Ordinary Resolution

3. Approval of payment of Final Dividend of ₹1 per Equity Share for FY 2025-26 - Ordinary Resolution

4. Re-appointment of Mr. Ravi Raheja as Director retiring by rotation - Ordinary Resolution

5. Ratification of remuneration payable to the Cost Auditor - Ordinary Resolution

6. Approval for raising funds through issue of Debt securities on Private Placement basis - Special Resolution

7. Approval for appointment of Mr. Gautam Mehra as an Independent Director - Special Resolution

Management Interaction

  • Mr. Hetal Gandhi, Chairman addressed members
  • Mr. Shwetank Singh, Managing Director and CEO briefed members on performance and developments for FY 2026 and outlook
  • Management responded to queries and clarifications sought by members

Meeting Conclusion

  • AGM concluded at 4:49 PM with vote of thanks
  • E-voting facility remained open until 5:04 PM
  • Detailed Scrutiniser's Report will be submitted to Stock Exchanges and made available on company website (www.chalethotels.com) and NSDL website (www.evoting.nsdl.com)