Sri Havisha Hospitality And Infrastructure Ltd

AGM Details

• AGM held on 26 September 2026 at 5:30 PM IST via VC/OAVM.
• Cut-off date for voting was 18 September 2026.
• Remote e-voting period ran 23–25 September 2026.
• Voting facility provided by NSDL.

Key Resolutions

• Resolution 1: Adopt Audited Financial Statements for year ended 31 March 2026.
• Resolution 2: Reappointment of Ms. Deekshita Dontamsetti as Director.
• Resolution 3: Revalidation and issue of Sweat Equity Shares to Venkat Manohar Dontamsetti.
• Resolution 4: Approval for Material Related Party Transactions.

Voting Results

• Resolution 1: Passed with 99.82% in favour.
• Resolution 2: Passed with 99.82% in favour.
• Resolution 3: Passed with 99.43% in favour; promoter group abstained.
• Resolution 4: Passed with 99.44% in favour; promoter group abstained.

Dividend

• No dividend proposed or declared.

Director Changes

• Ms. Deekshita Dontamsetti appointed as Director (DIN: 06941753).

Material Related Party Transactions

• Special Resolution approved related party transactions with promoter group.

AGM Details

• 33rd AGM held on 26 September 2026 via VC/OAVM, commencing at 5:30 PM.

E-voting and Proceedings

• E-voting opened 23 Sep 2026 9:00 AM and closed 25 Sep 2026 5:00 PM.
• CFO discussed FY2026 results and outlook; no shareholder speakers.
• Chairman and MD chaired; Company Secretary welcomed members.

Record date and AGM details

• Board recommended the 33rd AGM be held Sept 26, 2026 at 5:30 PM.
• Record date for entitlements to vote fixed Sept 18, 2026.
• Register of Members and transfer books closed Sept 19–26, 2026 (inclusive).

AGM Details

• AGM date/time: 26 September 2026, 5:30 PM IST, via VC/OAVM.
• Deemed venue: Registered Office, Hyderabad.
• Members' register and share transfer books closed 19 Sep–26 Sep 2026.
• Cut-off date for e-voting: 18 September 2026.
• Remote e-voting window: 23 Sep 2026 09:00 to 25 Sep 2026 17:00.
• AGM conducted under MCA/SEBI circulars; attendance via VC/OAVM.

Ordinary Business

• Adoption of Audited Financial Statements for the year ended 31 March 2026.
• Re-appointment of Ms. Deekshita Dontamsetti, retiring by rotation.

Sweat Equity

• Issue of sweat equity shares to Venkat Manohar Dontamsetti: 1,50,00,000 shares.
• Subject to approvals and one-year validity.
• Board authorized to finalize terms and amendments for the issue.

Related Party Transactions

• Approval for omnibus related party transactions with Venkat Manohar Dontamsetti.
• Aggregate value up to Rs 9 crore or 100% turnover, whichever higher.
• Tenure through next AGM; related parties excluded from voting.
• Funding from own funds for working capital.

Directors

• Annexure I: Deekshita Dontamsetti to be appointed as Non-Executive, Non-Independent director.
• Term: liable to retire by rotation; remuneration not specified.

Record date for AGM e-voting

• Record date fixed as September 18, 2026 for entitlement to cast e-vote.
• Book closure from September 19 to September 26, 2026 for the 33rd AGM.

Financial snapshot

• Total Income ₹1,491.93 lakh for FY2025-26, down 5.82% YoY.
• Revenue from operations ₹1,351.13 lakh; Other income ₹140.80 lakh.
• PBT ₹-570.29 lakh; Tax ₹-66.56 lakh; Net loss ₹-503.72 lakh.
• Basic EPS ₹-0.17; Diluted EPS ₹-0.17 for FY2025-26.
• Depreciation & amortisation ₹247.58 lakh; Finance costs ₹478.55 lakh.
• Capex ₹185.79 lakh; RoU asset ₹3,018.55 lakh; Lease liabilities ₹3,782.40 lakh.
• Dividend not proposed for FY2025-26.
• Total equity ₹2,049.76 lakh; Total assets ₹7,513.18 lakh.

Hotel renovation and capital plans

• Renovation ongoing; fourth floor rooms nearly complete; bank seeks No Objection from AAI delaying loan.
• In absence of term loan, disposal of Kakinada land to fund renovation planned.
• Airport land lease renewed for 30 years from 2023; lease deed signed 27 July 2023.
• Renovation and expansion expected to raise occupancy and revenue after completion.

Capital structure and liquidity

• Total borrowings around ₹1,080.20 lakh (long + short).
• Gearing ratio (debt/total equity) 1.90x.
• Cash and cash equivalents ₹16.50 lakh; bank balances ₹100.18 lakh.
• Current liabilities ₹723.83 lakh; total assets ₹7,513.18 lakh; total equity ₹2,049.76 lakh.

Dividends and equity actions

• Dividend for FY2025-26 not proposed.
• Sweat equity: 15,000,000 shares to Venkat Manohar Dontamsetti; non-cash; approvals awaited.
• Fresh approval required; resolution to be considered at AGM.

Governance and risk management

• Board comprises 10 directors; >50% independent; two women directors.
• Board met 4 times; Independent Directors meeting held on 13 Feb 2026.
• Audit Committee (3 members); NRC and SRC in place; governance disclosures in annual report.
• Internal controls robust; external auditors reported no material fraud.

Related party transactions

• RPTs with Venkat Manohar Dontamsetti and related parties; Audit Committee approvals.
• Omnibus approvals valid till next AGM; threshold up to ₹1,000 crore turnover.
• Promoter group and relatives are related parties; dealings in ordinary course, arms-length.

Audits and regulatory disclosures

• Statutory Auditor: P. Suryanarayana & Co.; term 2022-2027; no qualifications.
• Secretarial Auditor: Krishna Kumar & Associates; five-year engagement.
• SEBI 2026 letter on non-disclosure of litigation addressed; governance certificate attached.
• Deposits from director’s relative ₹339.83 lakh disclosed; compliance to be ensured.

Outlook and market context

• Indian hospitality sector remains positive; domestic demand supporting occupancy growth.
• Renovation financing via land sale expected to support capex without bank loan.
• Completion of renovation and expansion anticipated to improve occupancy and profitability in coming years.

Financial results

• Q1 FY2026-27 unaudited: total income ₹327.11 lakh; net loss after tax ₹182.32 lakh.
• Year ended 31 Mar 2026: revenue ₹1,491.93 lakh; net loss after tax ₹501.66 lakh.
• Hotel business revenue ₹327.11 lakh in Q1; segment loss ₹182.32 lakh.
• Board approved unaudited results with limited review; Audit Committee recommended.
• Lease with AAI renewed for 30 years; June 30, 2026 liability interest ₹120.33 lakh; notional ₹113.10 lakh.
• Previous period figures regrouped/reclassified wherever necessary.

AGM & governance

• AGM fixed for 26 Sep 2026 at 5:30 PM via VC.
• e-voting facilitated by NSDL; remote voting Sep 23–25, 2026.
• Book closure 19–26 Sep 2026.
• Re-appointment of Ms. Deekshita Dontamsetti as retiring director, subject to shareholders’ approval.
• Sweat equity to MD Venkat Manohar Dontamsetti up to <5% of paid-up capital, subject to approval.
• Routine related party transactions with MD approved, subject to shareholder approval.
• Scrutinizer CS A. Krishna Kumar appointed.
• Authorisation to avail loans from related parties up to statutory limit.

Meeting Details

• Date, time, and location not disclosed in filing.