Citadel Realty & Developers shareholders approved the company’s audited financial statements for FY26 and a final dividend recommendation at its 66th Annual General Meeting held on September 18, 2026. The meeting also saw the approval of material related-party transactions.

The AGM was conducted via video conference under the Companies Act, 2013. Chairman Devendra Shrimanker presided over the proceedings, which began at 12:00 pm and concluded at 12:39 pm. Twenty-seven members attended through video conferencing or other audio-visual means. The notice convening the AGM and the statutory auditor’s report were taken as read with member consent.

Voting Results Overview

The company reported high participation from promoter groups across ordinary resolutions. For the adoption of financial statements and dividend recommendations, promoters voted in favor of all shares held, representing 100% of their stake. Public non-institutional shareholders showed varied participation, with significant support for core business resolutions.

Mrs. Sonal Mayur Shah was reappointed as a director after retiring by rotation. The resolution passed with unanimous support from voting shareholders, primarily driven by promoter group votes.

Related-Party Transactions

Shareholders approved two special business items involving related-party transactions. The first concerned loans, advances, and borrowings, classified as a special resolution due to promoter interest. The second involved the transfer of land to Shree S S Infra Developers Private Limited.

For these transactions, votes cast by the promoter group were excluded from the calculation of the majority required for passing, as per regulatory norms. Among public non-institutional shareholders, 96.20% voted in favor of both resolutions. The total votes polled for these items were significantly lower than for ordinary business, reflecting the exclusion of promoter votes.

What the Numbers Show

The voting data highlights a distinct bifurcation between promoter and public shareholder engagement. While promoters exercised full voting rights on ordinary resolutions like financial statement adoption (100% participation), their votes were legally excluded from the related-party transaction counts. Consequently, the outcome of the land transfer and loan approvals rested entirely on public shareholder sentiment, where support remained strong at over 96%. This structure ensures independent validation of conflicts of interest while maintaining promoter control over standard corporate governance matters.

Citadel Realty & Developers has scheduled its 66th Annual General Meeting for September 18, 2026. The meeting will be conducted through video conferencing and other audio-visual means.

The company issued the notice on August 27, 2026, in compliance with Regulation 34(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will receive the Integrated Annual Report for FY26 electronically if email addresses are registered with the company or depository participants.

Key Dates for Shareholders

The company has defined specific timelines for record keeping, voting, and book closure to facilitate the AGM process.

Shareholders whose email addresses are not registered will receive a letter containing a web link to access the documents, as per Regulation 36(1)(b) of the SEBI LODR Regulations.

Accessing Documents

The Annual Report for FY26 and the AGM notice are available on the company’s website at citadelrealty.in. They are also accessible via the National Securities Depository Limited website at www.evoting.nsdl.com . Physical copies of the report will be provided only upon request.