Proceedings of the 40th Annual General Meeting

Meeting Details

  • Type of Meeting: 40th Annual General Meeting (AGM)
  • Date: Saturday, 22nd August 2026
  • Commencement Time: 10:15 AM IST
  • Conclusion Time: 10:25 AM IST
  • Mode/Venue: Video Conferencing (VC)/Other Audio Visual Means (OAVM)

Attendance

Directors Present:

  • Mr. Pushpendra Bansal, Managing Director (Mumbai)
  • Mrs. Sangita Bansal, Director (Mumbai)
  • Mr. Tikam Panchal, Independent Director & Chairperson of Stakeholders' Relationship Committee (Shimla)
  • Mr. Adityabhai Joshi, Independent Director & Chairperson of Audit Committee and Nomination and Remuneration Committee (Surat)
  • Mrs. Kinjal Parmar, Independent Director (Bharuch)
  • Ms. Mahima Jariwala, Company Secretary (Mumbai)
  • Mr. Ajay Pawar, Chief Financial Officer (Ahmedabad)

Directors Absent:

  • Mr. Mehinder Sharma, Director

Other Attendees:

  • Mr. Rajiv M. Hariyani, Statutory Auditor (via VC/OAVM)
  • Mr. Mayank Joshi, Secretarial Auditor & Scrutinizer (via VC/OAVM)

Meeting Proceedings

Mr. Pushpendra Bansal, Managing Director, was elected as the Chairperson of the meeting. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and as per provisions of the Companies Act, 2013.

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 AGM notice were available for inspection. The Notice of the 40th AGM and Directors' Report were taken as read with members' consent.

Auditor Reports

The Chairperson informed members that:

  • Statutory Auditors' Report for year ended 31st March 2026 contained no qualifications, observations, comments, adverse remarks or disclaimers with adverse effect on company functioning
  • Secretarial Audit Report for year ended 31st March 2026 similarly contained no such adverse elements
  • Therefore, these reports were not required to be read at the meeting

Business Update

The Chairperson informed members about:

  • The financial performance of the company
  • Future outlook of the company
  • Company's keen focus on responsible profitable growth
  • Growth prospects of India's hospitality sector
  • Importance of implementing sustainable energy practices in the hospitality industry

Voting Process

The company provided remote e-voting facility through National Securities Depositary Limited from:

  • Start: Wednesday, 19th August 2026 (9:00 AM)
  • End: Friday, 21st August 2026 (5:00 PM)

Additionally, e-voting was arranged for 15 minutes after the meeting conclusion for members present during AGM who had not cast votes earlier.

CS Mayank Joshi, Partner of M/s. Nandaniya Joshi & Associates, Company Secretary in Practice, Vadodara was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting during the meeting.

Resolutions Considered

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. Pushpendra Radheshyam Bansal (DIN: 00086343) as Director liable to retire by rotation (Ordinary Resolution)

Special Business:

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

Shareholder Interaction

The Chairperson invited members for comments/questions on financial performance and business of the company. No queries/questions were raised by members.

Post-Meeting Actions

Voting results along with Scrutinizer's Report will be:

  • Disseminated to BSE Limited and National Securities Depositary Limited
  • Uploaded on company website (www.lordsishwar.com)
  • Displayed on company's Notice Board

Closure

The meeting was formally closed after the Chairperson thanked all members and board members for their participation.