Meeting Details

The 39th Annual General Meeting was held on Saturday, September 26, 2026 at 11:30 a.m. (IST) through Video Conferencing/Other Audio-Visual Means without physical presence of members.

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Ordinary Resolution: To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Auditors

3. Ordinary Resolution: To appoint Dr. Vithal V. Kamat (DIN: 00195341) as Director who retires by rotation

4. Special Resolution: Employee Stock Option Scheme 2026

5. Special Resolution: To consider and approve grant of employee stock options to employees of subsidiary company under 'Kamat Hotels (India) Limited Employee Stock Option Scheme 2026'

6. Special Resolution: To approve continuation of Mr. Vilas R. Koranne (DIN: 09151665) as a Non-Executive Independent Director beyond the age of 75 years

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-Voting: Commenced on Wednesday, September 23, 2026 at 09:30 a.m. (IST) and concluded on Friday, September 25, 2026 at 5:00 p.m. (IST)
  • Electronic Voting at AGM: Facility provided for members present at the virtual meeting who could not participate in remote e-voting

The e-voting facility was provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

Key Voting Outcomes

Overall Participation:

  • Total shareholders as on cut-off date (September 18, 2026): 22,780
  • Total shareholders who voted: 86
  • Total votes cast: 21,439,072

Resolution-wise Results:

Resolution 1 (Standalone Financial Statements):

  • Votes in favor: 21,439,072 (99.9995%)
  • Votes against: 0
  • Invalid votes: 0

Resolution 2 (Consolidated Financial Statements):

  • Votes in favor: 21,439,072 (99.9995%)
  • Votes against: 101 (0.0005%)
  • Invalid votes: 0

Resolution 3 (Director Re-appointment):

  • Votes in favor: 21,439,072 (99.9995%)
  • Votes against: 102 (0.0005%)
  • Invalid votes: 0

Resolution 4 (ESOP Scheme 2026):

  • Votes in favor: 21,439,072 (99.9995%)
  • Votes against: 101 (0.0005%)
  • Invalid votes: 0

Resolution 5 (ESOP Grant to Subsidiary Employees):

  • Votes in favor: 21,439,071 (99.9995%)
  • Votes against: 102 (0.0005%)
  • Invalid votes: 0

Resolution 6 (Director Continuation beyond 75 years):

  • Votes in favor: 21,435,072 (99.9809%)
  • Votes against: 4,101 (0.0191%)
  • Invalid votes: 0

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares held: 17,033,528
  • Votes polled: 17,033,528 (100% of shares held)
  • 100% voted in favor on all resolutions

Public Institutions:

  • Shares held: 1,141,713
  • Votes polled: 984,863 (86.2619% of shares held)
  • 100% voted in favor on all resolutions

Public Non-Institutions:

  • Shares held: 11,304,831
  • Votes polled: 3,420,782 (30.2594% of shares held)
  • Majority voted in favor with minor opposition ranging from 101-4,101 votes against across resolutions

Scrutinizer's Role and Findings

Tribhuwneshwar B. Kaushik, Partner of DM & Associates Company Secretaries LLP, was appointed as Scrutinizer. His responsibilities included ensuring fair and transparent voting process and reporting results to the Chairman. The scrutinizer confirmed that all resolutions were passed with requisite majority and that all voting records are under his safe custody until the Chairman approves and signs the meeting minutes.

Additional Information

The cut-off date for determining voting eligibility was Friday, September 18, 2026. The remote e-voting portal was unblocked on September 26, 2026 around 12:41 p.m. in the presence of two witnesses not employed by the company.