Meeting Details
The 65th Annual General Meeting was held on Wednesday, September 23, 2026 at 12:30 PM IST through Video Conferencing/Other Audio Visual Means. The deemed venue was the Registered Office at Plot No. A4 & A5, Khandala MIDC, Phase II Kesurdi, Khandala 412801.
Attendance
18 members were present through VC/OAVM. Directors present included Mr. Romil Ratra (CEO and Whole-time Director), Mrs. Usha Chandani (Non-Executive and Woman Independent Director), Mr. Krishnakant Minawala (Non-Executive and Independent Director, Audit Committee Chairman), and Mr. Bhavnesh Sawhney (Non-Executive and Independent Director). Statutory Auditors Mr. Mahesh Rajora and Mr. Akshay Chauhan of A. T. Jain & Co., and Secretarial Auditor/Scrutinizer Mr. Martinho Ferrao of Martinho Ferrao & Associates were also present.
Business Transacted
Two ordinary resolutions were considered:
1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
2. Re-appointment of Mr. Gaurav Ravi Ghai (DIN: 00074857) as Managing Director
Financial Performance Disclosure
During the Chairman's address, it was reported that for FY ended March 31, 2026, the hotel maintained healthy occupancy levels and achieved strong average room rates, resulting in revenue from operations of ₹6,127 lakhs.
Voting Process
Remote e-voting was conducted through MUFG Intime India Private Limited (formerly Link Intime India Private Limited) from September 20, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST). E-voting during the AGM was available for members who had not voted remotely. Cut-off date for voting eligibility was September 16, 2026.
Voting Results - Resolution 1 (Adoption of Financial Statements)
- Total shares voted: 33,994,214 (48.2057% of outstanding 70,519,135 shares)
- Promoter & Promoter Group: 27,452,096 votes (51.9622% of their 52,830,945 shares)
- Public Non-Institutions: 6,542,118 votes (36.9858% of their 17,688,190 shares)
- Votes in favor: 100% (33,994,214 votes)
- Votes against: 0%
Voting Results - Resolution 2 (Re-appointment of Managing Director)
- Total shares voted: 33,994,214 (48.2057% of outstanding 70,519,135 shares)
- Promoter & Promoter Group: 27,452,096 votes (51.9622% of their 52,830,945 shares)
- Public Non-Institutions: 6,542,118 votes (36.9858% of their 17,688,190 shares)
- Votes in favor: 100% (33,994,214 votes)
- Votes against: 0%
Scrutinizer Report
Mr. Martinho Ferrao submitted the Consolidated Scrutinizer's Report confirming:
- 25 members participated in remote e-voting
- 0 members voted during the AGM
- Both resolutions passed unanimously with 100% votes in favor
- Electronic voting data remains in scrutinizer's custody until minutes approval
Additional Information
Notice of AGM was dated August 11, 2026. Dispatch of Notice/Annual Report was completed on August 31, 2026. Newspaper advertisements were published in Financial Express (English) and Sakal (Marathi) on September 1, 2026.