SHERATON PROPERTIES AND FINANCE LTD

Sheraton Properties And Finance Ltd issued an addendum to its 41st Annual General Meeting (AGM) notice dated 27th August, 2026, which was circulated to members on 7th September, 2026. The AGM is scheduled for Wednesday, 30th September, 2026 at 1:00 PM IST at the company's registered office in Mumbai.

The addendum addresses Item No. 3 of the AGM notice regarding "Approval of Material Related Party Transactions." Certain information required under Regulation 23 of the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/93 dated June 26, 2025, was inadvertently omitted from the original explanatory statement.

Detailed Disclosures from Annexure A

Related Party Details

  • Name: Met-Lok Hydro Pneumatics Private Limited
  • Country of Incorporation: India
  • Nature of Business: Manufacture of rubber and plastics products
  • Relationship: A company in which relative of director is a director
  • Shareholding: Nil shareholding between listed entity and related party in either direction

Financial Performance of Related Party (INR)

  • Standalone Turnover:
  • FY 2023-2024: ₹73,20,432
  • FY 2022-2023: ₹30,88,267
  • Standalone Net Profits:
  • FY 2024-2025: ₹66,57,774
  • FY 2023-2024: ₹42,32,164
  • FY 2022-2023: ₹4,09,967

Previous Transactions with Related Party (INR)

  • Total transactions during last three financial years:
  • As at March 31, 2026: Granting of loan ₹1,00,00,000
  • As at March 31, 2025: Granting of loan ₹17,55,00,000
  • As at March 31, 2024: Granting of loan – NIL
  • Current financial year transactions (till date of approval): ₹11,45,00,000 as at March 31, 2026
  • Prior Audit Committee approval: YES for all transactions
  • Default history: NO defaults by related party concerning any obligation during last three financial years

Proposed Transaction Details

  • Total amount of proposed transactions: Granting of loan ₹50 crores (all types of transactions taken together)
  • Materiality: YES, the proposed transactions taken together with current year transactions constitute material RPT
  • Value as percentage of consolidated turnover: 124.80% of listed entity's annual consolidated turnover for immediately preceding financial year

Specific Transaction Details

  • Type of transaction: Giving loans
  • Tenure: Up to the date of next Annual General Meeting to be held for Calendar 2027
  • Omnibus approval sought: YES
  • Transaction justification: The loan is provided for genuine business purpose to support funding requirements of related party, enables effective deployment of surplus funds and earning return through interest income
  • Director/KMP interest: Mr. Babulal Bhansali (director) has nil shareholding in related party

Loan Specific Details

  • Source of funds: Own source
  • Financial indebtedness: No financial indebtedness will be incurred by the Company
  • Interest rate: Terms & conditions to be agreed between company & related party at that point in time & on arm's length basis
  • Maturity/due date: On demand
  • Repayment terms: On demand
  • Security: Unsecured
  • Purpose of funds: For main business activities of ultimate beneficiary