LGT Business Connextions Ltd

AGM details

• AGM held on 30 September 2026 at 11:30 A.M. via VC/OAVM.
• Voting cutoff date for eligibility: 25 September 2026.

Resolutions and outcomes

• Adoption of standalone and consolidated financial statements (Ordinary) — Passed.
• Final dividend on equity shares (Ordinary) — Passed.
• Re-appointment of Whole-Time Director by rotation — Passed.
• Re-appointment of another Whole-Time Director by rotation — Passed.
• Re-appointment of a third Whole-Time Director by rotation — Passed.
• Related Party Transactions with Holiday One Private Limited — Passed.
• Related Party Transactions with Travflix Tours Limited — Passed.
• Related Party Transactions with Yaja Travel Solutions Private Limited — Passed.
• Ratification of CA certificate under SEBI LODR Regulations — Passed.
• Revise timeline for IPO proceeds utilisation — Passed.
• Grant of loan/guarantee/security under Section 185 — Passed.
• Loan and investment under Section 186 — Passed.

Director re-appointments

• Re-appointed Tijo Mathew Kurisummoottil as Whole-Time Director, effective 30 Sep 2026, liable to retire by rotation.
• Re-appointed Sivaji Gollapelli as Whole-Time Director, effective 30 Sep 2026, liable to retire by rotation.
• Re-appointed Ramesh Raja as Whole-Time Director, effective 30 Sep 2026, liable to retire by rotation.

AGM Details

• 10th AGM held on 30 Sep 2026 at 11:30 A.M. IST via VC/OAVM.
• AGM concluded at 12:00 P.M. IST.
• Remote e-voting: 27–29 Sep 2026; voting during AGM available.
• Quorum confirmed; 7 members attended.

Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended 31 Mar 2026.
• Ordinary: Declare final dividend on equity shares for year ended 31 Mar 2026.
• Ordinary: Re-appoint Tijo Mathew Kurisummoottil as Whole-Time Director (retire by rotation).
• Ordinary: Re-appoint Sivaji Gollapelli as Whole-Time Director (retire by rotation).
• Ordinary: Re-appoint Ramesh Raja as Whole-Time Director (retire by rotation).
• Ordinary: Approve Related Party Transactions with Holiday One Private Limited.
• Ordinary: Approve Related Party Transactions with Travflix Tours Limited.
• Ordinary: Approve Related Party Transactions with Yaja Travel Solutions Private Limited.
• Special: Ratify and approve CA certificate under Reg 45(1) LODR.
• Special: Revise timeline for utilisation of IPO proceeds.
• Special: Approve loan/guarantee/provide security under Section 185.
• Special: Approve loan and investment under Section 186.

Dividend

• Final dividend on equity shares proposed.

Voting Status

• Voting results to be announced within two working days; not disclosed in filing.

Director Changes

• Re-appointment approved for Tijo Mathew Kurisummoottil as Whole-Time Director.
• Re-appointment approved for Sivaji Gollapelli as Whole-Time Director.
• Re-appointment approved for Ramesh Raja as Whole-Time Director.

Material Related Party Transactions

• RPT with Holiday One Private Limited approved.
• RPT with Travflix Tours Limited approved.
• RPT with Yaja Travel Solutions Private Limited approved.

Other Material Approvals

• CA certificate ratification under Reg 45(1) LODR approved.
• IPO proceeds utilisation timeline revised.
• Loan/guarantee/security approval under Section 185 obtained.
• Loan and investment approval under Section 186 obtained.

LGT Global Hospitality Limited trading window closed from 1 October 2026 till the end of 48 hours after the declaration of Financial Results of the Company for the half year ending on 30 September 2026

Group CFO Appointment

• Type of change: Appointment of Mr. Pradeep Mendon as Group CFO, Senior Management Personnel (SMP).
• Name and designation: Mr. Pradeep Mendon, Group CFO, SMP.
• Effective date: 16 September 2026.
• Term: Full-time employment as per company policy.
• Brief profile: 27-year finance professional in FP&A, governance, strategic planning.
• Previous roles: AVP & Head - Commercial at Thomas Cook (India).
• Relationship disclosures: Not Applicable.
• Board/committee impact: No impact on board/committee composition disclosed.

Record date and AGM details

• Record date fixed at 25 September 2026 for final dividend FY2025-26.
• AGM scheduled 30 September 2026 via VC/OAVM.
• Cut-off date for voting participation: 25 September 2026.
• E-voting window: 27–29 September 2026, 9:00 AM to 5:00 PM IST.

AGM Details

• Date/time/mode: 30 Sep 2026, 11:30 AM; VC/OAVM.
• Record date for dividend: 25 Sep 2026.
• Book closure: 25–30 Sep 2026 (inclusive).

Dividend

• Final dividend approved: Rs 0.25 per equity share.

Ordinary Business

• Adopt standalone and consolidated financial statements for FY 2025-26.
• Re-appoint Tijo Mathew Kurisummoottil as Whole-Time Director.
• Re-appoint Sivaji Gollapelli as Whole-Time Director.
• Re-appoint Ramesh Raja as Whole-Time Director.
• Declare final dividend on equity shares for FY 2025-26.

Special Business – Related Party Transactions

• RPT with Holiday One Private Limited approved up to Rs 50 crore, with 20% annual increments.
• RPT with Travflix Tours Limited approved up to Rs 50 crore, with 20% annual increments.
• RPT with Yaja Travel Solutions Private Limited approved up to Rs 30 crore, with 20% annual increments.

Special Corporate Actions

• Ratify revised CA Certificate for name change to LGT Global Hospitality Limited.
• Extend IPO proceeds utilization timeline to end-FY 2026-27.

Special Financing Approvals

• Approve loan/guarantee/security to subsidiaries under Section 185 up to Rs 20 crore per entity.
• Approve loan/investment under Section 186 up to Rs 40 crore per entity, aggregate Rs 100 crore.

AGM Details

• AGM scheduled for 30 September 2026 at 11:30 IST via VC/OAVM, deemed to be held at the Registered Office.
• Weblink for AGM Notice and Annual Report: https://www.lgtholidays.com/investors/.
• Cut-off date for email address updates: 25 September 2026.
• Reminder to update KYC and dematerialise physical shares to enable communications.

Financial highlights

• Standalone revenue from operations ₹13,544.70 Lakhs in FY26.
• Standalone EBITDA ₹834.48 Lakhs; PAT ₹459.13 Lakhs.
• Consolidated revenue from operations ₹13,699.21 Lakhs; PAT ₹463.03 Lakhs.
• Consolidated EPS ₹5.48; standalone EPS ₹5.46.
• IPO net proceeds ₹2,192.49 Lakhs; ₹906.23 Lakhs unutilised.

Geography and footprint

• Pan-India footprint with 18 branch offices; services in 50+ countries.
• 5 verticals and 3 subsidiaries; 600K+ hotel portfolio; 150K+ travellers served.
• In 2026: branches opened in Nagercoil and Coimbatore.
• Acquired 51% in Travflix Tours and Holiday One; 60% in Yaja Travel Solutions.
• BBSE SME listing completed in August 2025.

Capital structure and liquidity

• Authorized share capital ₹15 crore; paid-up ₹9.37 crore post-IPO.
• IPO net proceeds ₹2,192.49 Lakhs; unutilised ₹906.23 Lakhs at year-end.
• IPO funds largely earmarked for capex and working capital; some fixed deposits held.
• Cash credit facility ₹10 crore from Bank of India; lien ₹5 crore fixed deposits.
• Current ratio (consolidated) 2.55; debt-equity ratio 0.25.

Governance and leadership

• Name changed to LGT Global Hospitality Limited; effective 13 July 2026.
• Board strength: 14 directors; new appointments in Mar 2026.
• Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee constituted.
• Independent directors affirmed independence; secretarial auditor engaged for five years.
• CSR expenditure disclosed; policies hosted on the company website.

CSR and ESG

• CSR expenditure ₹11.69 Lakhs; 2% of average net profit required ₹10.63 Lakhs.
• CSR policy focuses on gender equality, women's empowerment, and social inclusion.
• Board handles CSR due to exemption threshold; projects include Care For Life collaboration.
• Net CSR shortfall ₹1.06 Lakhs carried forward; no major ongoing project disclosures.

IPO proceeds utilization and risk

• Utilization of IPO proceeds: capex ₹244.15 Lakhs; working capital ₹673.03; general corporate ₹369.08.
• Total utilised ₹1,902.69 Lakhs; balance ₹906.23 Lakhs kept in fixed deposits.
• Board to seek extension for contribution of remaining IPO funds.
• Outlook favorable with focus on MICE growth and international expansion.

Strategic growth and risks

• Expansion into Dubai approved; Malaysia stake contemplated.
• Strategic growth includes expanding leisure, corporate travel, MICE, events and accommodation.
• Industry outlook: India travel sector 13-15% CAGR; FX and macro risks acknowledged.
• Digitalisation and AI adoption to enhance efficiency and customer experience.

Audits, controls and related party

• Independent Auditor: M/s NRG Associates; five-year term ending 2029-30.
• Related party transactions with FSH Business Ventures, Holiday One, Travflix, and Yaja.
• RPTs are arm's length and disclosed in financial statements; approval from Audit Committee.
• Internal financial controls deemed adequate; one subsidiary audited by a different firm.