Lords Ishwar Hotels Ltd

AGM Details

• AGM held 22 August 2026 at 10:15 a.m. IST via VC/OAVM.
• Record date: 14 August 2026; shareholders on record: 2,857.
• Remote e-voting open 19–21 August 2026; voting at AGM via NSDL.

Key Resolutions

• Resolution 1: Ordinary, adoption of Audited Financial Statements for year ended 31 March 2026.
• Resolution 2: Ordinary, re-appointment of Pushpendra Radheshyam Bansal by rotation.
• Resolution 3: Ordinary, approval of material related party transactions with related party.

Voting Results

• Resolution 1 passed with requisite majority; remote voting in favour: 1,580,383 votes (100%).
• Resolution 2 passed; remote voting in favour: 2,32,733 votes (100%).
• Resolution 3 passed; remote voting in favour: 2,32,733 votes (100%).

AGM details

• Date and time: 22 August 2026, 10:15–10:25 IST.
• Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM).
• Remote e-voting available 19–21 August; post-meeting e-voting for 15 minutes.

Key resolutions

• Ordinary resolution: Adoption of audited financial statements and reports.
• Ordinary resolution: Appointment of Pushpendra Radheshyam Bansal as director liable to retire by rotation.
• Ordinary resolution: Approval of material related party transactions.

Voting status

• Voting results to be disseminated with Scrutinizer’s report.
• Scrutinizer appointed: Mayank Joshi.
• Meeting concluded after brief proceedings.

Directors & governance

• Chairperson elected: Pushpendra Bansal chaired the meeting.
• Statutory auditor attended; no changes disclosed.
• Secretarial auditor attended; Scrutinizer engaged.

AGM details

• 40th AGM scheduled for 22 Aug 2026 at 10:15 AM via VC/OAVM.

Annual Report access

• Electronic Notice and Annual Report for FY2025-26 available online; email unregistered may access via links.

KYC update

• Reminder to update KYC details and dematerialize physical securities per SEBI circular.

Physical copy requests

• Members may request physical Report by emailing info@lordsishwar.com with Folio/DP details.

AGM details

• AGM scheduled for 22 August 2026 at 10:15 AM via VC/OAVM.
• Remote e-voting from 19 Aug 2026 9:00 AM to 21 Aug 2026 5:00 PM.
• Cut-off date for voting eligibility is 14 August 2026.

Ordinary business

• Adopt Audited Financial Statements for FY ending 31 March 2026.
• Re-appoint Pushpendra Bansal as Director, retiring by rotation.

Special business: related party transactions

• Approve related party transactions with HS India Limited.
• RPT involves sale of foreign liquor and wine to HSIL.
• Proposed transaction value: Rs 395.00 Lakhs for 2026-27.
• RPT constitutes 53.63% of turnover.
• Omnibus approval being sought.

RPT governance

• HSIL is a related party; promoter directors have interest.
• SEBI Listing Regulations require related parties to abstain from voting.

Financial performance

• Revenue from operations: Rs 736.49 lakh; wine & liquor Rs 288.35 lakh; room sales Rs 285.07 lakh.
• Total income: Rs 760.97 lakh; net loss after tax: Rs 8.19 lakh.
• Previous year: revenue Rs 836.37 lakh; net profit after tax Rs 34.50 lakh.
• Profit before tax: Rs 6.37 lakh; deferred tax expense: Rs 14.56 lakh.
• Earnings per share: basic and diluted at (0.11) Rs.
• Dividend not recommended for the year.
• Renovations in guest rooms/restaurant impacted revenue during the year.
• Dematerialised shares: 73.41% of issued equity as on 31-03-2026.

Capital structure & liquidity

• Total borrowings: Rs 606.72 lakh; non-current bank loan Rs 420.87 lakh; director loan Rs 185.85 lakh.
• Current borrowings: Rs 34.07 lakh.
• Cash & cash equivalents: Rs 59.58 lakh; cash generated from operations: Rs 240.69 lakh.
• Share capital: Rs 747.00 lakh; promoter group holding ~54.63%.
• No dividend declared; no funds raised via preferential allotment or IPO in FY26.

Related party transactions

• Material related party HS India Limited (HSIL); proposed transactions Rs 395.00 lakh.
• Sale of foreign liquor to HSIL in 2025-26: Rs 127.08 lakh.
• Sale of wine & liquor to related parties: Rs 140.26 lakh.
• Audit Committee reviewed related party certificate; shareholders abstain from voting on related party resolution.
• Shareholders previously approved related party transactions in 2017-18; arm's-length terms followed.

Governance & board

• Board strength: 6 directors; 1 Executive, 1 Non-Executive, 1 Non-Executive Woman, 3 Independent.
• Virendra Mistry ceased as Independent Director on 12-02-2026; Adityabhai Joshi appointed 10-09-2025.
• Nomination & Remuneration Committee: 3 meetings; chair changed to Adityabhai Joshi from 13-02-2026.
• Risk Management Committee: 2 meetings; composition includes Joinder of new member from 13-02-2026.
• Code of Conduct affirmed; MD/CFO certification; internal audit reports to Audit Committee.

AGM & notices

• 40th AGM: 22 Aug 2026, 10:30 AM; via Video Conferencing/OAVM.
• Dividend: no dividend proposed for 2025-26.
• E-voting window: 19-21 Aug 2026; cut-off date 14 Aug 2026.
• Speaker registration window: 13-15 Aug 2026; venue not required due to VC/OAVM.

Audit & internal controls

• Statutory Auditor: R. M. Hariyani & Co.; fees Rs 1.00 lakh.
• Independent Auditor’s Report: true and fair view; internal controls adequate and effective.
• Annexure A: Internal financial controls tested; no material weaknesses noted.
• Annual certification of financial reporting and internal controls by MD & CFO.

Subsidiaries & segment reporting

• Company operates in hotel business only; no material subsidiary; no segment disclosures required.

Corporate governance disclosures

• Compliance with SEBI Listing Regulations; no mandatory non-core requirements adopted.
• Remuneration relates to policy documented; median employee remuneration Rs 1.80 lakh.
• Directors’ disclosures: no material pecuniary relationships with the Company.

Meeting Details

• Date: 22 July 2026; Time: 11:30 a.m.; Location: Unit 202, Morya Blue Moon, Andheri (W), Mumbai, Maharashtra 400053.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026.
• Fix day, date and time for the 40th AGM of the company.
• Consider and approve Board's Report and annexures for year ended 31 March 2026.

Other Notes

• Trading window for dealing in the company's securities has been closed from 01 July 2026.

Dematerialisation status

• Dematerialisation requests up to 30 June 2026 were processed and confirmed to the depositories.
• Securities dematerialised were listed on the stock exchanges where the issuer's existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Notice for re-lodgement window

• Special window opened for re-lodgement of physical share transfer requests.
• Newspaper advertisement published in Financial Express (English and Gujarati editions).
• Notice also available on Lords Ishwar Hotels website.