AGM Details
The 40th Annual General Meeting will be held on Saturday, 22nd August, 2026 at 10:15 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM).
Agenda Items
Ordinary Business:
1. Adoption of Audited Financial Statements for FY 2025-26 together with Reports of Board of Directors and Auditors
2. Appointment of Director: Re-appointment of Mr. Pushpendra Radheshyam Bansal (DIN: 00086343) who retires by rotation
Special Business:
3. Approval of material related party transactions with H S India Limited for aggregate value not exceeding ₹395 lakhs during FY 2026-27
Financial Performance Highlights (FY 2025-26)
- Total Revenue: ₹760.97 lakh (Previous year: ₹860.73 lakh)
- Net Operating Profit: ₹62.10 lakh (Previous year: ₹95.84 lakh)
- Interest & Finance Charges: ₹39.59 lakh (Previous year: ₹31.13 lakh)
- Depreciation: ₹16.14 lakh (Previous year: ₹21.90 lakh)
- Profit/(Loss) Before Tax: ₹6.37 lakh (Previous year: ₹42.81 lakh)
- Net Profit/(Loss) After Tax: (₹8.19) lakh (Previous year: ₹34.50 lakh profit)
- No dividend recommended for the year
- No amount transferred to reserves
Capital Structure
- Authorized Share Capital: ₹15,00,00,000 (1,50,00,000 equity shares of ₹10 each)
- Paid-up Share Capital: ₹7,47,00,000 (74,70,000 equity shares of ₹10 each)
- No change in share capital during the year
Related Party Transactions
Item 3 - Approval for transactions with H S India Limited:
- Maximum aggregate value: ₹395 lakhs for FY 2026-27
- Nature: Sale of foreign liquor in ordinary course of business
- Relationship: HSIL is a group entity under common control through promoters
- Previous year transactions: ₹127.08 lakh in FY 2025-26
- Current year transactions (up to preceding quarter): ₹72.48 lakh
- Value as percentage of company's standalone turnover: 53.63%
- Value as percentage of related party's turnover: 15.14%
- HSIL Financials (FY 2025-26): Turnover ₹2,609 lakh, Net Worth ₹3,561.13 lakh, PAT ₹162.12 lakh
- Interested Directors: Mr. Pushpendra Bansal (19.85% holding) and Mrs. Sangita Bansal (16.54% holding)
Board and Management Changes
- Mr. Virendra Parasram Mistry ceased as Independent Director w.e.f. 12th February, 2026 after completing second term
- Mr. Adityabhai Jagdishbhai Joshi appointed as Non-executive Independent Director w.e.f. 10th September, 2025
- Ms. Neha Prajapati resigned as Company Secretary w.e.f. 31st May, 2025
- Ms. Mahima Ketankumar Jariwala appointed as Company Secretary w.e.f. 2nd June, 2025
Current Board Composition
- Mr. Pushpendra Radheshyam Bansal - Managing Director
- Mrs. Sangita Pushpendra Bansal - Director
- Mr. Mehinder Sharma - Director
- Mr. Adityabhai Jagdishbhai Joshi - Independent Director
- Mrs. Kinjalben Preetsinh Parmar - Independent Director
- Mr. Tikam Kailashchandra Panchal - Independent Director
Key Managerial Personnel
- Mr. Pushpendra Radheshyam Bansal - Managing Director
- Mr. Ajay Pawar - Chief Financial Officer
- Ms. Mahima Ketankumar Jariwala - Company Secretary
Operational Highlights
- Revenue decline attributed to renovation of guest rooms and restaurant temporarily impacting business operations
- Total employees: 68 as on 31st March, 2026
- Foreign exchange earnings: ₹5.99 lakh (Previous year: nil)
- Company operates a 3-Star classified hotel in Vadodara, Gujarat approved by Ministry of Tourism
Audit Details
- Statutory Auditors: R. M. Hariyani & Co., Chartered Accountants (Firm Reg. No. 147657W)
- Internal Auditor: J. Bhavsar & Co., Chartered Accountants (Firm Reg. No. 115613W)
- Secretarial Auditor: Nandaniya Joshi & Associates, Company Secretaries (Firm Reg. No. P2020GJ084200)
- All audit reports are unqualified without any adverse remarks
Borrowings and Liabilities
- Term Loan from Kotak Mahindra Bank: ₹420.87 lakh (non-current), ₹34.07 lakh (current)
- Loan from Director (Mr. Pushpendra Bansal): ₹185.85 lakh (unsecured)
- Interest rate on term loan: 7.90% p.a. (floating) as on reporting date
- Security: First & exclusive charge by registered mortgage over hotel land and building
Shareholding Pattern (as on 31st March, 2026)
- Promoter holding: 54.63%
- Public holding: 45.37%
- Dematerialized shares: 73.41% of paid-up capital
- Physical shares: 26.59% of paid-up capital
- Top shareholders: SSSP Consultant and Techno Services Pvt. Ltd. (19.85%), ANS Constructions Pvt. Ltd. (16.74%), Sangita Bansal (16.74%)
Corporate Governance
- 4 Board meetings held during FY 2025-26
- All mandatory committees constituted: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
- Risk Management Committee constituted voluntarily
- Company has adopted required policies: Code of Conduct, Whistle Blower Policy, Related Party Transactions Policy, etc.
E-voting Arrangements
- Remote e-voting period: 19th August, 2026 (9:00 am) to 21st August, 2026 (5:00 pm)
- Cut-off date: 14th August, 2026
- E-voting service provider: NSDL
- Scrutinizer: CS Mayank Joshi of Nandaniya Joshi & Associates
Important Dates
- AGM Date: 22nd August, 2026
- Remote e-voting: 19th-21st August, 2026
- Cut-off date for voting: 14th August, 2026
- Financial year: 1st April, 2025 to 31st March, 2026
Registrar & Share Transfer Agent
Bigshare Services Pvt. Ltd., Mumbai
#Tags: #LordsIshwarHotels #AGM #FY2026Results #SEBIDisclosure #Hospitality #RelatedPartyTransactions #RegulatoryCompliance #FinancialUpdate #Neutral