Cindrella Hotels AGM resolutions pass with 99.99% assent
- Cindrella Hotels AGM resolutions passed with 99.99% assent
- Venus Baid re-appointed as director with unanimous promoter support
- FY26 annual report and financial statements adopted by shareholders
- Public shareholders cast 74 dissenting votes against both resolutions
*this image is generated using AI for illustrative purposes only.
Cindrella Hotels Ltd shareholders approved all resolutions at the 40th Annual General Meeting with 99.99% assent. The voting results, submitted to the Bombay Stock Exchange on September 30, 2026, confirm the adoption of FY26 financial statements and the re-appointment of director Venus Baid.
The meeting was conducted through video conferencing on September 29, 2026, commencing at 12:30 pm and concluding at 12:51 pm. Vivek Baid, Managing Director, chaired the session. The proceedings were attended by Independent Directors Anup Bhattacharjee and Sunil Choraria, along with Director Venus Baid.
Key resolutions passed
Shareholders approved two primary items of ordinary business during the meeting:
- Adoption of the annual report, financial statements, auditors' report, and directors' report for the fiscal year ended March 31, 2026.
- Re-appointment of Venus Baid (DIN 05172764) as a director of the company.
Voting results breakdown
The consolidated scrutinizer's report, prepared by Somnath Ganguly, details the voting outcomes for both ordinary resolutions. In each case, the resolution received overwhelming support from promoters and a majority vote from public shareholders.
| Resolution | Subject Matter | Votes For | Votes Against | Assent % | Dissent % |
|---|---|---|---|---|---|
| 1 | Adopt FY26 financial statements | 1,079,486 | 74 | 99.99% | 0.01% |
| 2 | Re-appoint Venus Baid as Director | 1,079,486 | 74 | 99.99% | 0.01% |
Promoter and promoter group holding 2,197,131 shares voted entirely in favour, casting 1,077,972 votes. Public non-institutional shareholders holding 1,402,869 shares polled 1,588 votes, with 1,514 in favour and 74 against.
Voting and compliance details
Voting was conducted using both e-voting facilities at the meeting and remote e-voting mechanisms as per Listing Regulations. The remote e-voting period commenced on September 26, 2026, and ended on September 28, 2026. The scrutinizer, Somnath Ganguly, oversaw the process using the Central Depository Services (India) Limited platform.
Statutory Auditor Mahesh Kumar Agarwal requested and was granted leave of absence from the meeting. Company Secretary and Compliance Officer Subhajit Mukherjee confirmed that the voting results were submitted to the stock exchange within 48 hours, in compliance with Regulation 44(3) of SEBI (LODR) Regulations and Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014.
Historical Stock Returns for Cindrella Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.56% | -8.51% | -23.89% | -28.87% | 0.0% |
How will the re-appointment of Venus Baid influence Cindrella Hotels' strategic expansion plans for FY27?
What specific operational or financial drivers contributed to the positive FY26 financial statements adopted by shareholders?
Given the high promoter control, what measures is the board taking to enhance minority shareholder engagement in future governance decisions?
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