Best Eastern Hotels shareholders approved a 10% dividend on cumulative non-convertible redeemable preference shares during the company’s 83rd Annual General Meeting held on August 25, 2026. The virtual meeting also saw the re-appointment of Vinaychand Yadavsingh Kothari as director.

Dilip V Kothari, Joint Managing Director and CFO, chaired the proceedings after Chairman and Managing Director Vinaychand Kothari and Director Neelam Kothari were excused due to a death in the family. The meeting was conducted via Video Conference or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI regulations.

Meeting Proceedings

The quorum was established with 19 shareholders attending via video conferencing, comprising two promoters and seventeen public shareholders. The total number of shareholders as of the cut-off date on August 18, 2026, stood at 3,545.

Key resolutions passed included:

• Adoption of the Audited Balance Sheet as at March 31, 2026, and the Profit and Loss Account for the year ended on that date.
• Declaration of a 10% dividend on 10% Cumulative Non-Convertible Redeemable Preference Shares for FY26.
• Re-appointment of Mr. Vinaychand Yadavsingh Kothari (DIN: 00010974), who retires by rotation.

Statutory and Secretarial Auditors confirmed no qualifications or adverse remarks in their reports for the year ended March 31, 2026. Voting was conducted through CDSL’s remote e-voting facility, with results to be submitted to stock exchanges within two working days.

Best Eastern Hotels Limited has scheduled its 83rd Annual General Meeting (AGM) for Tuesday, August 25, 2026, at 3:00 PM IST. The meeting will be conducted via Video Conferencing or Other Audio Visual Means (VC/OAVM), allowing shareholders to participate remotely in compliance with the Companies Act, 2013, and SEBI Listing Regulations. This virtual format ensures broader accessibility for members while adhering to regulatory guidelines for corporate governance.

Shareholders holding shares as of the cut-off date, Tuesday, August 18, 2026, are eligible to vote electronically through the Central Depository Services (India) Limited (CDSL) platform. The remote e-voting window opens on Saturday, August 22, 2026, at 9:00 AM and closes on Monday, August 24, 2026, at 5:00 PM. Votes cast during this period cannot be altered subsequently. Members attending the virtual AGM who have not already voted remotely may exercise their voting rights during the meeting.

E-Voting and Participation Details

The company has uploaded the notice of the AGM and the annual report on its website, www.ushaascot.com , as well as on the BSE Limited and CDSL websites. Dilip V Kothari, Joint Managing Director, confirmed the disclosure under Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Newspaper advertisements were published in Financial Express and Mumbai Lakshadeep on August 4, 2026.

Members attending the AGM through VC/OAVM shall be reckoned for the purpose of quorum under Section 103 of the Act. Pursuant to Section 108 of the Act read with Rule 20 of the Companies (Management & Administration) Rules, 2014, Regulation 44 of the Listing Regulations, and Secretarial Standard-2 on General Meetings, members holding shares either in physical or demat form as on the cut-off date are provided with the facility to cast their vote electronically.

Governance and Compliance

The results on resolutions shall be declared not later than 48 hours from the conclusion of the AGM. The resolutions shall be deemed to be passed on the AGM date subject to receipt of the requisite number of votes in favor of the Resolutions. The result declared along with the Scrutinizer's Report shall be placed on the Company's website and communicated to BSE Limited. Any grievances connected with the facility for voting by electronic means may be addressed to CDSL.