Nature of Event

The document contains the minutes of the 10th Annual General Meeting (AGM) of the members of LGT Global Hospitality Limited held on Wednesday, 30th September 2026 through Video Conferencing/Other Audiovisual Means.

Meeting Details

  • Meeting Date: 30th September 2026
  • Meeting Time: 11:30 AM to 12:00 PM
  • Location: Deemed to be held at Registered Office at No. 18/1 & 18/2 (18), First Cross Street, Brindavan Street Extension, West Mambalam, Chennai - 600033
  • Attendance: 7 members attended through VC/OAVM

Directors Present

The following directors were present at the AGM:

  • Mr. Wilfred Selvaraj - Managing Director (Chairman)
  • Ms. Wilfred Padma - Whole Time Director
  • Ms. Deepti Mantri - Whole Time Director
  • Mr. Singaravelou - Non-Executive Director
  • Mr. Tijo Mathiew Kurisummoottil - Whole Time Director
  • Mr. Sivaji Gollapelli - Whole Time Director
  • Mr. Ramesh Raja - Whole Time Director
  • Mr. Manoharan V - Independent Director
  • Mr. Velayutham Anburaj - Independent Director (Chairperson of Audit Committee)
  • Mr. Chinchalapu Ujjwal Kumar - Independent Director
  • Mr. Susanta Kumar Dehury - Independent Director (Chairperson of Stakeholder Relationship Committee)
  • Mr. Dhawal Padmakar Bhute - Director
  • Mrs. Namrata Kalanouria - Independent Director

Auditors and Scrutinizer Present

  • Mr. R Dhilip Kumar, Partner of M/s NRG Associates (Statutory Auditor)
  • Mr. Sai Krishna (Internal Auditor)
  • Mr. V P Rajeev (Secretarial Auditor)
  • Mr. Gouri Shanker Mishra, Partner of BGSMISHRA & Associates, Company Secretaries LLP (Scrutinizer)

Voting Process

  • Remote e-voting was kept open from Sunday, 27th September 2026 (9:00 AM IST) to Tuesday, 29th September 2026 (5:00 PM IST)
  • CDSL was engaged as the authorized agency for e-voting facility
  • Mr. Gouri Shanker Mishra was appointed as scrutinizer for independently scrutinizing the e-voting process
  • E-voting facility was also available during the meeting for members who didn't cast votes prior to the meeting

Business Transacted and Resolutions Passed

Ordinary Business

1. Adoption of Financial Statements

  • Standalone and Consolidated Financial Statements for FY ended 31st March 2026 were adopted
  • Board's Report and Auditors' Report were taken as read
  • Auditors' Report noted to contain no observations
  • Voting Result: 10 members voted in favor representing 6,871,299 shares (100%)

2. Declaration of Final Dividend

  • Final dividend of ₹0.25 per equity share (face value ₹10) approved for FY ended 31st March 2026
  • Dividend to be paid to members on record date as per applicable provisions
  • Voting Result: 10 members voted in favor representing 6,871,299 shares (100%)

3. Re-appointment of Mr. Tijo Mathew Kurisummoottil

  • Whole-Time Director (DIN: 10827913) re-appointed as Director liable to retire by rotation
  • Voting Result: 9 members voted in favor representing 6,870,598 shares (100%)

4. Re-appointment of Mr. Sivaji Gollapelli

  • Whole-Time Director (DIN: 10834678) re-appointed as Director liable to retire by rotation
  • Voting Result: 9 members voted in favor representing 6,870,598 shares (100%)

5. Re-appointment of Mr. Ramesh Raja

  • Whole-Time Director (DIN: 10834369) re-appointed as Director liable to retire by rotation
  • Voting Result: 9 members voted in favor representing 6,870,598 shares (100%)

Special Business

6. Related Party Transactions with Holiday One Private Limited

  • Transactions with subsidiary approved for ₹50 Crores
  • Increment during each of three succeeding financial years starting from 2026-27
  • Voting Result: 8 members voted in favor representing 128,305 shares (100%)

7. Related Party Transactions with Travflix Tours Limited

  • Transactions with subsidiary approved for ₹50 Crores
  • Increment during each of three succeeding financial years starting from 2026-27
  • Voting Result: 8 members voted in favor representing 128,305 shares (100%)

8. Related Party Transactions with Yaja Travel Solutions Private Limited

  • Transactions with subsidiary approved for ₹30 Crores
  • Increment during each of three succeeding financial years starting from 2026-27
  • Voting Result: 8 members voted in favor representing 128,305 shares (100%)

9. Ratification of Chartered Accountant Certificate

  • Certificate under Regulation 45(1) of SEBI (LODR) Regulations, 2015 ratified
  • Certificate confirmed compliance regarding name change from "LGT Business Connextions Limited" to "LGT Global Hospitality Limited"
  • Voting Result: 10 members voted in favor representing 6,871,299 shares (100%)

10. Revision of IPO Proceeds Utilization Timeline

  • Approval granted for variation/modification in objects/terms/time limit of utilization of IPO proceeds
  • Proceeds intended for capital expenditure, working capital and general corporate purposes
  • Voting Result: 10 members voted in favor representing 6,871,299 shares (100%)

11. Grant of Loan/Guarantee/Security under Section 185

  • Approval for giving loans/guarantees/securities to subsidiaries
  • Aggregate amount not exceeding ₹20 Crores for each entity (Holiday One Private Limited, Travflix Tours Limited, Yaja Travel Solutions Private Limited)
  • Voting Result: 8 members voted in favor representing 128,305 shares (100%)

12. Loan and Investment under Section 186

  • Approval for loans, guarantees, securities, and acquisitions of securities of other body corporates
  • Aggregate amount not exceeding ₹40 Crores for each entity and ₹100 Crores overall
  • Limit is over and above 60% of paid-up share capital, free reserves and securities premium account or 100% of free reserves and securities premium account
  • Voting Result: 8 members voted in favor representing 128,305 shares (100%)

Chairman's Business Update

Mr. Wilfred Selvaraj, Chairman and Managing Director, briefed shareholders about:

  • Company's business and future outlook
  • Growth in revenue compared to previous year
  • Expansion of Luxe Living serviced accommodation portfolio
  • Aim to strengthen presence in India and globally

Additional Information

  • No speaker shareholders were present at the meeting
  • No questions were received from shareholders
  • Statutory registers and documents referred in AGM Notice were available for inspection at Registered Office
  • Voting results and Scrutinizer's Report to be made available on company website and CDSL website within two working days
  • Results also to be submitted to Bombay Stock Exchange of India Limited (BSE)