Meeting Details

The 125th Annual General Meeting (AGM) of The Indian Hotels Company Limited was held on Tuesday, June 30, 2026, from 10:30 a.m. to 12:38 p.m. IST (duration: 2 hours 8 minutes). The meeting was conducted entirely via Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. Physical attendance of members was dispensed with, and the requirement for appointing proxies was not applicable.

Attendance

  • Total shareholders on record date (June 23, 2026): 662,348
  • Shareholders attending through VC/OAVM: 128 (9 from Promoter and Promoter Group, 119 from Public)
  • The meeting was chaired by Mr. Natarajan Chandrasekaran, Chairman of the Board

Key Participants

Board Members Present: All directors joined via VC from their respective locations except Mr. Nasser Munjee (Independent Director and Chairperson of Audit & Compliance Committee and Risk Management Committee), who was absent due to unavoidable circumstances.

Management Present: Managing Director & Chief Executive Officer and other Key Managerial Personnel were present with the Chairman at a common venue.

Auditors Present: Representatives of BSR & Co. LLP (Statutory Auditors) and Neville Daroga & Associates (Secretarial Auditors) attended via VC.

Business Transacted

The following six resolutions were voted upon through remote e-voting prior to and during the meeting:

Ordinary Business (Ordinary Resolutions)

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, together with Report of Auditors

3. Declaration of dividend of ₹3.25 per Ordinary (equity) Share of face value ₹1 each for Financial Year 2025-26

4. Appointment of Director - Re-appointment of Mr. Puneet Chhatwal (DIN: 07624616) who retires by rotation under Section 152(6) of Companies Act, 2013

Special Business

5. Special Resolution: Re-appointment of Mr. Anupam Narayan (DIN: 05224075) as an Independent Director

6. Ordinary Resolution: Revision in terms of remuneration of Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer

Voting Results

All resolutions were passed with requisite majority. The remote e-voting period commenced on June 26, 2026 (9:00 a.m. IST) and ended on June 29, 2026 (5:00 p.m. IST). Members attending the meeting through VC who had not voted during the remote e-voting period were allowed to vote electronically during the 15 minutes following the meeting.

Detailed Voting Results:

Resolution 1: Adoption of Standalone Financial Statements

  • Total shares voted: 1,166,783,134 (81.97% of outstanding shares)
  • Votes in favor: 1,166,780,926 (99.9998% of votes cast)
  • Votes against: 2,208 (0.0002% of votes cast)

Resolution 2: Adoption of Consolidated Financial Statements

  • Total shares voted: 1,166,998,847 (81.98% of outstanding shares)
  • Votes in favor: 1,166,977,510 (99.998% of votes cast)
  • Votes against: 2,337 (0.002% of votes cast)

Resolution 3: Dividend Declaration of ₹3.25 per share

  • Total shares voted: 1,166,990,847 (81.98% of outstanding shares)
  • Votes in favor: 1,166,989,278 (99.999% of votes cast)
  • Votes against: 1,569 (0.001% of votes cast)

Resolution 4: Re-appointment of Mr. Puneet Chhatwal

  • Total shares voted: 1,166,982,544 (81.98% of outstanding shares)
  • Votes in favor: 1,136,657,949 (97.40% of votes cast)
  • Votes against: 30,324,595 (2.60% of votes cast)

Resolution 5: Re-appointment of Mr. Anupam Narayan as Independent Director

  • Total shares voted: 1,166,981,010 (81.98% of outstanding shares)
  • Votes in favor: 1,052,742,881 (90.21% of votes cast)
  • Votes against: 114,238,129 (9.79% of votes cast)

Resolution 6: Revision of remuneration for Mr. Puneet Chhatwal

  • Total shares voted: 1,166,882,918 (81.98% of outstanding shares)
  • Votes in favor: 1,159,946,704 (99.41% of votes cast)
  • Votes against: 6,936,214 (0.59% of votes cast)

Scrutinizer Appointment and Report

Mr. Khushroo K. Driver, Advocate High Court (Registration No: OS-811), was appointed as Scrutinizer to scrutinize the votes cast during the meeting and through remote e-voting. The Scrutinizer's Report dated June 30, 2026, confirmed that all resolutions were passed by the requisite majority.

Additional Information

  • The proceedings were livestreamed and recorded, available on the company's website
  • Registers and documents mentioned in the notice were available for inspection in electronic mode
  • The Auditor's Report for FY ended March 31, 2026 contained no qualifications, observations or adverse remarks
  • The Chairman addressed members on the macro-economic scenario, company performance during FY 2025-26, and future plans
  • Members were given opportunity to ask questions and seek clarifications during the meeting