Proceedings of the 37th Annual General Meeting

Meeting Details

The 37th Annual General Meeting (AGM) of H S India Limited (CIN: L55100MH1989PLC053417) was held on Friday, 11th September 2026, commencing at 10:30 AM IST and concluding at 10:41 AM IST. The meeting was conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and in accordance with the Companies Act, 2013 and its rules.

Attendance

Directors and KMPs Present:

  • Mr. Pushpendra Bansal, Managing Director (Mumbai)
  • Mrs. Sangita Bansal, Director & Chairperson of the Stakeholders' Relationship Committee (Mumbai)
  • Mr. Ramesh Bansal, Managing Director & CFO (Gandhidham)
  • Mr. Adityabhai Joshi, Independent Director & Chairperson of the Audit Committee & the Nomination and Remuneration Committee (Surat)
  • Mr. Ghanshyam Mistry, Independent Director (Surat)
  • Mr. Mehul Hingu, Independent Director (Bharuch)
  • Mr. Hitesh Limbani, Company Secretary (Mumbai)

Auditors Present:

  • Mr. Kishor K. Haryani, Statutory Auditor (Bharuch)
  • Mr. Manish R. Patel, Secretarial Auditor & Scrutinizer (Surat)

Mr. Pushpendra Bansal was elected as the Chairperson of the meeting by the directors present.

Meeting Proceedings

The Chairperson confirmed that requisite quorum was present and that the company had enabled members to participate and vote on resolutions. The requirement of appointing proxies was not applicable except for authorized representatives of corporate shareholders.

Statutory registers and relevant documents mentioned in the notice were available for inspection. The notice of the 37th AGM and Directors' Report were taken as read with members' consent.

The Chairperson informed members that:

  • Statutory Auditors' Report and Secretarial Audit Report for the year ended 31st March 2026 contained no qualifications, observations, comments, adverse remarks or disclaimers affecting company operations
  • These reports were therefore not required to be read

Management Commentary

The Chairperson discussed the company's financial performance and future outlook, emphasizing:

  • Focus on responsible profitable growth
  • Growth prospects of India's hospitality sector
  • Importance of implementing digital innovation in hospitality industries

No queries or questions were raised by members regarding financial performance or business operations.

Voting Process

The company provided remote e-voting facility through National Securities Depository Limited (NSDL) from Tuesday, 8th September 2026 (9:00 AM) to Thursday, 10th September 2026 (5:00 PM). Additionally, e-voting was available for 15 minutes after the meeting conclusion for members present during the AGM who had not cast votes earlier.

Mr. Manish R. Patel, Company Secretary in Practice, Surat, was appointed as Scrutinizer to oversee the voting process fairly and transparently.

Resolutions Considered

The following items from the notice dated 6th August 2026 were placed for approval:

Ordinary Business:

1. Adoption of Audited Financial Statements for year ended 31st March 2026 together with Report of Board of Directors and Auditors thereon (Ordinary Resolution)

2. Appointment of Mr. Ramesh Radheyshyam Bansal (DIN-00086256) as Director liable to retire by rotation (Ordinary Resolution)

3. Appointment of Statutory Auditor (Ordinary Resolution)

Special Business:

4. Approval of material related party transactions with related party (Ordinary Resolution)

Post-Meeting Formalities

The Chairperson announced that voting results along with Scrutinizer's Report would be:

  • Disseminated to BSE Limited and NSDL
  • Uploaded on company website (www.hsindia.in)
  • Displayed on company's notice board

The meeting was formally closed after thanking members and board members for participation.