Meeting Details

The AGM was conducted from the Registered Office of the Company at H-1, Scheme No. 54, Vijay Nagar, Indore, Madhya Pradesh-452010, which served as the deemed venue. The meeting was recorded for compliance purposes, and the transcript will be made available on the Company's website.

Attendees

Directors Present:

  • Mr. Thottappully Narayanan Unni, Non-Executive Independent Director (Chairman of Board, Audit Committee and Stakeholder Relationship Committee)
  • Mr. Abhay Chintaman Chaudhari, Non-Executive Independent Director (Chairman of Nomination and Remuneration Committee and Independent Director's Committee)
  • Mr. Raoof Razak Dhanani, Managing Director
  • Mr. Karan Singh Chhabra, Non-Executive Non Independent Director
  • Mr. Saquib Salim Agboatwala, Non-Executive Independent Director
  • Mrs. Preeti Gupta, Non-Executive Independent Director

In Attendance:

  • Mr. Yash Agrawal, Chief Financial Officer
  • Mr. Aaditya Kasera, Company Secretary & Compliance Officer
  • Mr. Ullasvardhan Vishwakarma
  • Mr. Puneet Karade
  • Mr. Neelesh Gupta, Scrutinizer of the Meeting
  • Mr. Himanshu Sharma (representing M/s. K.L. Vyas & Co., Statutory Auditor)
  • Mr. Anuj Nema, Former Secretarial Auditor
  • Mr. Arvind Kumar Meena, Proposed Secretarial Auditor

Business Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26 (Ordinary Resolution)

2. Re-appointment of Mr. Raoof Razak Dhanani (DIN: 00174654) as Director who retires by rotation under section 152(6) of the Companies Act, 2013 (Ordinary Resolution)

Special Business:

3. Increase of borrowing limits under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution)

4. Appointment of M/s DMJ & Partners, Company Secretaries (PAN: ABAFP6878N) as Secretarial Auditor of the Company (Ordinary Resolution)

5. Appointment of Mohammed Yusuf Abdul Razak Dhanani (DIN: 10550544) as Non-Executive Non Independent Director of the Company (Ordinary Resolution)

Voting Process

The Company provided remote e-voting facility from 09:00 A.M. on 18th August, 2026 to 05:00 P.M. on 20th August, 2026, with 14th August, 2026 as the cut-off date. E-voting was also available during the AGM and for 15 minutes thereafter. Mr. Neelesh Gupta, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM.

Management Commentary

The Managing Director addressed members on the Company's operations, evolving hospitality landscape, focus on strengthening operations, enhancing guest satisfaction, and pursuing sustainable growth. He briefed members on future outlook and expansion plans, including development of the upcoming ultra-luxury property "Altara" at Indore Bypass, and the Company's strategy to build a diversified hospitality portfolio.

The Chairman provided an overview of the Company's operations and financial performance during FY 2025-26, CSR initiatives and expenditure, interim dividend declared and paid to members, and future outlook and expansion plans.

Conclusion

The meeting concluded at 12:00 P.M. IST with no requests received for registration as Speaker Shareholders.