Apeejay Surrendra Park Hotels held its 38th Annual General Meeting on September 26, 2026, via video conferencing. The meeting focused on adopting financial statements for FY26, declaring dividends, and re-appointing directors. All four proposed resolutions were approved with requisite majority.

Meeting proceedings and attendance

The meeting commenced at 11:00 am (IST) with a quorum present. Ms. Priya Paul, Whole-Time Director and Chairperson, welcomed members. Key directors in attendance included Mr. Vijay Dewan, Managing Director; Mr. Karan Paul, Non-Executive Director; Mr. Ranjit Kumar Pachnanda, Independent Director; and Mr. Raveesh Kumar Bhatia, Independent Director. Ms. Ragini Chopra, Independent Director, was absent due to preoccupation, with Mr. Pachnanda authorized to represent the Nomination and Remuneration Committee.

The Company Secretary, Ms. Shalini Keshan, confirmed that statutory registers were available for electronic inspection. Members participated through remote e-voting and live e-voting during the session, facilitated by MUFG Intime India Private Limited. A total of 50,415 shareholders were on record as of September 19, 2026.

Resolutions put to vote

The following ordinary and special business items were presented for approval:

The Chairperson delivered an address, followed by an operational performance update from Managing Director Vijay Dewan. The Notice convening the AGM, Board Report, and Financial Statements for the year ended March 31, 2026, were taken as read. The Auditors' Report on standalone and consolidated financial statements, as well as the Secretarial Audit Report, contained no qualifications, observations, adverse remarks, or disclaimers.

Voting results analysis

Mr. Harish Chawla of CL & Associates served as the Scrutinizer. The detailed voting outcomes reveal strong promoter support across all items, while public institutional investors showed varying degrees of dissent.

The dividend declaration received unanimous support from all categories, including public institutions and non-institutions. However, the remuneration approval for Mr. Karan Paul faced notable opposition. Public institutions voted against this special resolution at a rate of 42.34%, casting 8,005,364 votes against compared to 10,903,357 in favour. Public non-institutions also recorded a dissent rate of 16.95% on this item.

What the numbers show

The voting data highlights a divergence between routine corporate approvals and executive compensation matters. While the adoption of financials and dividend declaration saw minimal dissent (under 2%), the remuneration resolution attracted significant pushback from institutional investors. Specifically, 42.34% of votes polled by public institutions were cast against Mr. Karan Paul's remuneration, contrasting sharply with the 11.62% dissent seen on the re-appointment resolution for the same director. This suggests that while institutions accepted his continued role on the board, they had specific concerns regarding the quantum or structure of his compensation package.

Conclusion

The meeting concluded at 12:33 pm (IST). Pursuant to Regulation 44 of the SEBI Listing Regulations, voting results have been communicated to stock exchanges upon receipt of the Scrutinizer's Report dated September 29, 2026.

Apeejay Surrendra Park Hotels Limited will engage with analysts and institutional investors through a series of meetings scheduled for late September 2026. The company announced that management participation will occur across three distinct events hosted by major financial advisory firms.

The engagements are structured to include both virtual and in-person formats. These interactions aim to provide updates based on publicly available information, ensuring compliance with regulatory standards regarding price-sensitive disclosures.

Meeting schedule and format

The company has outlined specific dates and modes for each event, ranging from group conferences to one-on-one discussions. The schedule spans three consecutive business days, starting Monday, September 28, 2026.

Regulatory compliance and disclosure

The intimation was filed under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information will be discussed during these sessions. All interactions will rely strictly on data already available to the public market.

The filing noted that the meetings remain subject to cancellation, rescheduling, or postponement due to unavoidable exigencies. This standard clause allows the company flexibility in managing its investor relations calendar amidst unforeseen circumstances.