Gujarat Hotels held its 44th Annual General Meeting on August 26, 2026, where shareholders approved all ordinary business resolutions. The meeting, conducted via video conferencing, saw the adoption of financial statements for FY26 and the declaration of a final dividend.

Key Resolutions Passed

The primary outcome of the meeting was the approval of a ₹3 final dividend per equity share of face value ₹10 each for the financial year ended March 31, 2026. This resolution was passed as an ordinary resolution by the members.

Additionally, the Board’s appointment of Messrs. K C Mehta & Co. LLP as Statutory Auditors for FY27 was approved, along with their remuneration. The financial statements for FY26, along with the reports of the Board of Directors and Auditors, were also adopted.

Director Re-election

Mr. Arif Musa Patel (DIN: 10051869), who retired by rotation, was re-elected as a director. He offered himself for re-election, which was approved by the shareholders.

Voting Results Analysis

The meeting recorded participation from 57 members out of a total shareholder base of 5,273 on the record date of August 19, 2026. E-voting facilities were available remotely from August 22 to August 25, 2026, and during the meeting.

Promoter group shareholders, holding 20,33,963 shares, voted in favor of all resolutions with 100% support. Public non-institutional shareholders polled 3,743 votes, with over 95% supporting each agenda item.

What the Numbers Show

The voting data reveals a distinct concentration of influence among promoter shareholders. While promoters cast votes for 100% of their holdings (20,33,963 shares), public non-institutional participation was minimal, with only 0.21% of outstanding shares polled. This disparity highlights that the approval of key corporate actions, including the dividend payout and director appointments, was driven almost entirely by the promoter group's unified stance, with negligible dissent from the broader public shareholder base.

Gujarat Hotels will convene its 44th Annual General Meeting (AGM) on Wednesday, August 26, 2026, at 11:00 a.m. IST via Video Conferencing or Other Audio Visual Means. The primary agenda is to seek shareholder approval for a final dividend of ₹3.00 per equity share of ₹10 face value for the financial year ended March 31, 2026. This distribution reflects the company’s strategy to return capital to investors, contingent upon the resolution passing at the meeting.

The company completed the despatch of the AGM notice and the Report and Accounts for FY26 on August 3, 2026, in compliance with regulatory requirements. The notice was published in the English and Gujarati editions of 'Financial Express' across multiple cities, including Ahmedabad, Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Lucknow, Pune, Chandigarh, and Kochi, on August 5, 2026. This publication adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-Voting Timeline and Eligibility

Shareholders must adhere to strict deadlines to exercise their voting rights. The cut-off date for determining voting eligibility is Wednesday, August 19, 2026. Only members whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as of this date are entitled to vote.

Remote e-voting, facilitated by National Securities Depository Limited (NSDL), will commence at 9:00 a.m. IST on Saturday, August 22, 2026, and conclude at 5:00 p.m. IST on Tuesday, August 25, 2026. NSDL will block remote e-voting immediately after this period expires. Members who cast their votes via remote e-voting may attend the AGM but cannot vote again during the session.

New members who acquired shares after the notice was sent but before the cut-off date can request user IDs and passwords from NSDL at evoting@nsdl.com or the company at investors@gujarathotelsltd.com .

Dividend Entitlement and Payment

The record date for determining dividend entitlement was fixed at July 17, 2026. To receive the dividend electronically, shareholders must ensure their bank details are registered. Those who have not updated their information must do so on or before August 17, 2026. Physical shareholders should submit Form ISR-1 to MCS Share Transfer Agent Limited, while demat holders must coordinate with their Depository Participants. Failure to update details may result in delays in dividend remittance.

If declared, the dividend will be paid electronically after deducting tax at source. The Company Secretary, Swati, has certified compliance with the Companies Act, 2013, and Ministry of Corporate Affairs rules. For queries regarding e-voting, shareholders may contact Pallavi Mhatre, Deputy Vice President at NSDL, or Swati, Company Secretary at Gujarat Hotels.