Lemon Tree Hotels Limited held its 34th Annual General Meeting (AGM) on Friday, September 18, 2026 through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

The meeting was chaired by Mr. Patanjali Govind Keswani, Chairman and Executive Director of the Company, who confirmed that requisite quorum was present. The meeting included attendance from Directors of the Company (including Chairmen of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee), Key Managerial Personnel, senior officials, and representatives of statutory auditors M/s. Deloitte Haskins & Sells LLP and secretarial auditors M/s DPV & Associates.

Mr. Pawan Kumar Kumawat, Company Secretary & Compliance Officer, addressed regulatory aspects, confirming that physical presence of members was dispensed with according to MCA/SEBI circulars. Several registers were available electronically for inspection during the AGM, including:

  • Register of Directors and Key Managerial Personnel and their shareholding under Section 170 of Companies Act, 2013
  • Register of Contracts or arrangements in which Directors are interested under Section 189 of Companies Act, 2013
  • Certificate from Secretarial Auditors certifying that Krizm Hotels Private Limited Employee Stock Option Program 2006 and LTHL Stock Appreciation Rights Scheme – 2024 comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

The Notice of 34th AGM along with Integrated Annual Report 2025-26 containing Audited Standalone and Consolidated Financial Statements with Directors/Auditors reports had been distributed to shareholders via email or direct web link. Both Statutory Auditors' Report and Secretarial Audit Report for FY 2026 contained no qualifications, comments, or other remarks.

Remote e-voting was conducted from Monday, September 14, 2026 at 9:00 AM until Thursday, September 17, 2026 at 5:00 PM on all resolutions. Members attending the AGM who hadn't voted remotely were eligible to vote during the meeting. Mr. Prakash Verma, Practicing Company Secretary, was appointed as Scrutinizer to supervise the voting process.

Agenda Items Deliberated

Ordinary Business:

1. To receive, consider and adopt:

  • a) Audited Standalone Financial Statements for FY ended March 31, 2026 with Auditors and Board of Directors reports
  • b) Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors reports

2. To appoint a Director in place of Mr. Aditya Madhav Keswani (DIN: 07208901) who retires by rotation and offers himself for reappointment

3. To appoint a Director in place of Mr. Willem Albertus Hazeleger (DIN: 07902239) who retires by rotation and offers himself for reappointment

Special Business:

4. Appointment of Mr. Patanjali Govind Keswani (DIN: 00002974) as Chairman and Non-Executive Director ("Non-Executive Chairman") effective April 1, 2027

The results of remote e-Voting and e-Voting on all resolutions will be submitted to National Stock Exchange of India Limited, BSE Limited, and National Securities Depository Limited within 2 working days of the meeting conclusion in the format prescribed under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The AGM concluded at 01:29 PM (IST) with a vote of thanks from the Chairman. The disclosure is made pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.