Key Dates and Voting Details

  • Cut-off Date for Shareholders: Wednesday, 16th September 2026
  • Dispatch Completion Date: Friday, 18th September 2026
  • E-voting Commencement: Monday, 21st September 2026 at 09:00 AM IST
  • E-voting Conclusion: Wednesday, 21st October 2026 at 05:00 PM IST
  • Results Declaration: Within 2 days from voting conclusion

Proposed Resolutions

Item No. 1: Enhancement of Borrowing Limits (Special Resolution)

Purpose: To meet company's present and future financial requirements for business operations, capital expenditure, working capital and expansion plans.

Key Terms:

  • Borrowing limit increased to ₹500 Crores (Rupees Five Hundred Crores Only)
  • Applies to borrowings from Banks, Financial Institutions, Bodies Corporate, Related Parties, and other lending agencies
  • Includes loans, advances, cash credit facilities, overdraft facilities, deposits, debentures, commercial papers
  • May be secured or unsecured
  • Excludes temporary loans from bankers in ordinary course of business
  • Requires approval under Section 180(1)(c) of Companies Act, 2013

Item No. 2: Material Related Party Transactions (Ordinary Resolution)

Purpose: Approval for proposed Related Party Transactions including unsecured loans and/or other borrowings of funds.

Key Terms:

  • Maximum borrowing limit: ₹50,00,00,000 (Rupees Fifty Crores Only) individually from each Related Party
  • Transactions to be on arm's length basis
  • Total borrowing subject to limits under Section 180 of Companies Act 2013
  • Approval valid for up to one year

Related Parties Involved

The proposal covers transactions with the following 21 related parties:

1. Sayaji Hotels (Pune) Limited

2. Malwa Hospitality Private Limited

3. Sayaji Hotels Limited

4. Sana Hospitality Services Private Limited

5. Sayaji Foods Private Limited

6. Sana Reality Private Limited

7. Mr. Raoof Razak Dhanani

8. Mrs. Anisha Raoof Dhanani

9. Ms. Saba Dhanani

10. Ms. Sumera Dhanani

11. Ms. Sadiya Dhanani

12. Md. Yusuf Razak Dhanani

13. Century 21 Town Planners Private Limited

14. Century 21 Officespace Private Limited

15. Print Solutions Private Limited

16. Ria Hotels Private Limited

17. M.P. Entertainment and Developers Private Limited

18. Mr. Gurjeet Singh Chhabra

19. Mrs. Prabjot Kaur Chhabra

20. Mr. Karan Singh Chhabra

21. Ms. Riya Chhabra

Financial Impact Assessment

Borrowing Limit Implications

  • Current Debt to Equity Ratio: 1.55 (before transaction)
  • Projected Debt to Equity Ratio: 2.26 (after transaction)
  • Current Debt Service Coverage Ratio: 1.42 (before transaction)
  • Projected Debt Service Coverage Ratio: 0.28 (after transaction)

RPT Transaction Details

For each related party, the document provides extensive details including:

  • Nature of business and relationship with company
  • Previous transaction history (last 3 financial years)
  • Financial performance of related parties
  • Proposed transaction terms including 18% interest rate
  • 12-month tenure from first disbursement
  • Unsecured nature of borrowings
  • Business purpose and operational requirements

Voting Arrangements

  • Scrutinizer: Mr. Anuj Nema, Practicing Company Secretary (Membership No. ACS: 39389)
  • E-voting Provider: Central Depository Services (India) Limited (CDSL)
  • Voting Platform: www.evotingindia.com
  • Results Display: Company website (www.shilindore.com) and BSE Limited

Document Availability

  • Available on company website: www.shilindore.com
  • Available on BSE website: www.bseindia.com
  • Available on CDSL website: www.cdslindia.com
  • Electronic copies sent to registered email addresses
  • Physical copies not being sent to members

Financial Data Reference

All financial figures referenced are based on latest audited financial statements as at March 31, 2025.