Juniper Hotels Limited has scheduled its 40th Annual General Meeting (AGM) for Thursday, August 27, 2026, to address critical governance matters including executive reappointments, auditor retention, and significant related-party transaction approvals. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), with remote e-voting commencing on August 24, 2026, and concluding on August 26, 2026. Shareholders are urged to cast their votes electronically, as physical attendance is not permitted, and proxy appointments are unavailable for this virtual assembly.

The most material financial resolution on the agenda is the proposal to authorize the Board to advance loans, provide guarantees, or offer securities to related companies where a director holds an interest. Under Section 185 of the Companies Act, 2013, this blanket approval caps the aggregate exposure at ₹500 crore per financial year. This measure aims to facilitate business operations and financial flexibility within the group structure, requiring shareholder consent via a Special Resolution.

Executive Reappointment

Shareholders will also vote on the reappointment of Mr. Arun Kumar Saraf as Chairman and Managing Director (CMD) for a three-year term from March 01, 2027, to February 28, 2030. This appointment requires a Special Resolution because Mr. Saraf will cross the age limit of 70 years during his tenure and his proposed remuneration is likely to exceed regulatory thresholds defined under Section 197 of the Act and SEBI Listing Regulations.

Mr. Saraf’s compensation package includes a fixed salary of ₹993.24 lakhs per annum for the entire three-year period. Additionally, he is eligible for a commission of up to 2% of net profits before tax, capped at ₹1,000 lakhs annually. The package also encompasses standard perquisites such as two cars with drivers, medical coverage, living allowances, and club memberships. His last drawn remuneration for FY2025-26 included a basic salary of ₹945.95 lakhs and commission of ₹407.28 lakhs.

Auditor Retention

The Board recommends the reappointment of M/s S R B C & Co. LLP, Chartered Accountants, as Statutory Auditors for a second consecutive five-year term. This term will run from the conclusion of the 40th AGM until the conclusion of the 45th AGM in 2031. The proposed remuneration for the audit firm is not exceeding ₹98,00,000 (₹98 lakhs) per annum, plus reimbursement of out-of-pocket expenses. The firm has served as statutory auditor since September 2021.

What the Numbers Show

The reappointment of Mr. Saraf coincides with a period of strong financial recovery for the company. Profit Before Tax (PBT) turned positive in FY2024-25 at ₹15,419.36 lakhs, rising further to ₹19,090.00 lakhs in FY2025-26, following a loss of ₹4,111.50 lakhs in FY2023-24. EBITDA demonstrated consistent growth, increasing from ₹31,970.00 lakhs in FY2023-24 to ₹44,300.00 lakhs in FY2025-26. This operational improvement supports the Board’s rationale for maintaining the current leadership structure to drive the "Juniper 2.0" expansion strategy.

Meeting Logistics

The cut-off date for determining voting rights is August 20, 2026. The Register of Members and Share Transfer Books will remain closed from August 21, 2026, to August 27, 2026. Institutional shareholders must submit scanned board resolutions authorizing their representatives to vote via email to the Company Secretary and Compliance Officer. Questions for the AGM must be submitted by August 20, 2026, to ensure they are addressed during the proceedings.

Juniper Hotels Limited has accepted the resignation of Mr. Tarun Jaitly from the position of Chief Financial Officer, effective from the close of business hours on July 15, 2026. The executive is departing to pursue a new opportunity outside the organization. This transition impacts the company's financial leadership structure as it seeks a replacement within the timeline prescribed by applicable laws.

In addition to his role at the parent entity, Mr. Jaitly has resigned as Chief Financial Officer of Chartered Hotels Private Limited, a material subsidiary of Juniper Hotels Limited. His resignation from the subsidiary is also effective from the close of business hours on July 15, 2026. The company has disclosed these changes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Until a new Chief Financial Officer is appointed, the responsibilities of the office will be overseen jointly by Mr. Amit Saraf, President, and Mr. Sandeep Joshi, Vice President – Finance & Accounts. Mr. Joshi also serves as the Company Secretary and Compliance Officer for the organization. The board has initiated the process to identify and appoint a successor to ensure continuity in financial management.

Following the resignation, the company updated the contact details for its Key Managerial Personnel responsible for determining materiality and making disclosures to the stock exchanges. The designated officials include Mr. Arun Kumar Saraf as Chairman and Managing Director, Mr. Varun Saraf as Chief Executive Officer, and Mr. Sandeep Joshi as Company Secretary and Compliance Officer.

Key Details of Resignation