FMR LLC and its Persons Acting in Concert (PACs) increased their stake in Samhi Hotels to 5.06% by acquiring 1,175,000 shares through the open market on September 1, 2026.

The acquisition brings the total holding of FMR LLC and its subsidiaries to 11,253,650 shares, up from 10,078,650 shares previously held. The transaction was reported under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

What the Numbers Show

The shareholding pattern reveals a concentrated allocation across specific thematic funds managed by Fidelity International. The largest single fund, Fidelity Funds - Asian Smaller Companies, holds 4,828,484 shares, representing roughly 43% of the total post-acquisition stake. This is followed by Fidelity Asian Values PLC with 2,309,374 shares and Fidelity Funds - Emerging Asia with 1,918,727 shares.

Shareholding Breakdown

The following table details the distribution of shares across various funds under the management of FMR LLC and FIL Limited:

The total equity share capital of Samhi Hotels Limited remains unchanged at 222,359,672 shares following this acquisition. No warrants, convertible securities, or encumbered shares were involved in the transaction.

Samhi Hotels shareholders approved a special resolution to raise up to ₹750 crore through equity or convertible securities. The approval came during the company’s 16th annual general meeting held on August 31, 2026, via video conferencing.

The company subsequently issued a clarification to BSE Limited regarding an inadvertent delay in submitting the summary of proceedings for the AGM. While the meeting concluded on August 31, 2026, the proceedings were submitted on September 1, 2026. Senior Director and Company Secretary Sanjay Jain stated that the error was unintentional and did not reflect any misinformation, assuring regular adherence to SEBI Listing Regulations.

Voting Results and Shareholder Participation

The consolidated scrutinizer’s report revealed distinct voting patterns across resolutions. While routine matters received near-unanimous support, the capital raise resolution saw significant opposition from institutional investors.

Total paid-up equity share capital stood at ₹22.24 crore as on August 24, 2026. This figure includes 2,24,936 equity shares allotted on August 13, 2026, pursuant to the exercise of ESOPs under the Employees Stock Option Plan - 2023. Trading approval for these shares was received from stock exchanges on August 26, 2026.

Institutional Dissent on Capital Raise

The most notable divergence in shareholder sentiment emerged on Resolution No. 4, the special resolution for raising capital. While the resolution passed with the requisite majority, institutional investors voted against it at a rate of 21.69%.

Public institutions held 13,87,82,066 shares and polled 1,12,43,878 votes on this resolution. Of these, 8,80,54,630 votes were in favour while 2,43,84,153 votes were against. In contrast, non-institutional public investors showed strong support, with 99.50% of their polled votes in favour.

This split suggests institutional concerns about dilution or valuation, despite broad retail support for the capital expansion plan. The promoters and promoter group did not participate in voting for any of the resolutions.

Governance and Compliance

The statutory auditors’ report on the financial statements for the year ended March 31, 2026, contained no qualifications. The secretarial audit report was also circulated without exceptions. Advocate Abhishek Bansal was appointed as the scrutinizer for the e-voting process.

Chairman and Managing Director Ashish Jakhanwala presided over the meeting. Other directors present included Independent Directors Aditya Jain, Archana Capoor, Michael David Holland, and Krishan Dhawan. Non-Executive Director Ajish Abraham Jacob also attended via video conferencing from Kuwait City. CFO Rajat Mehra and EVP Gyana Das were among the key management personnel in attendance.

What the Numbers Show

The voting pattern reveals a clear bifurcation between institutional and retail investor sentiment on the capital raise. While institutions opposed the ₹750 crore raise by nearly 22%, non-institutional shareholders supported it by over 99%. This divergence warrants monitoring as the company proceeds with its fundraising strategy, particularly given that institutional investors hold approximately 62% of the total equity base.