Kaushalya Infrastructure Development Corp Ltd has scheduled its 34th Annual General Meeting for September 28, 2026. The meeting will feature special resolutions seeking shareholder approval to sell substantially the whole of two key undertakings: a 28.47-acre land parcel in Telangana and the Kaushalya Heritage hotel in West Bengal.

The company published a public notice in Business Standard and Arthik Lipi on September 2, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjay Lal Gupta, Whole-time Director and Company Secretary, signed the disclosure.

Meeting Details

The AGM is set to commence at 1:00 pm on Monday, September 28, 2026. In compliance with the Companies Act, 2013, and circulars from the Ministry of Corporate Affairs and SEBI, the meeting will be held remotely via Video Conferencing or Other Audio-Visual Means. The registered office in Kolkata will be deemed the venue.

Voting and Record Dates

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026. The cut-off date for determining voting eligibility is September 21, 2026.

Remote e-voting will be available from 9:00 am on Friday, September 25, 2026, until 5:00 pm on Sunday, September 27, 2026. Members holding shares in physical or dematerialized form can cast votes electronically through the Registrar and Transfer Agent, MUFG Intime India Private Limited.

Special Business: Asset Disposals

The agenda includes two special resolutions under Section 180(1)(a) of the Companies Act, 2013, requiring shareholder consent to dispose of undertakings representing significant value relative to the company's net worth.

Sale of Land in Telangana

The first resolution seeks approval to sell 28.47 acres of land situated at Hothi (B) Village, Zaheerabad Mandal, Medak District. The Board proposes to transfer the property on a slump sale basis on an "as is where is" basis, or in any other manner deemed fit in the best interest of the company.

Disposal of Kaushalya Heritage Hotel

The second resolution authorizes the disposal of "Kaushalya Heritage," comprising the hotel, land, building, furniture, fixtures, and other assets located at Garh Salboni, Jhargram, Paschim Medinipur, West Bengal. Similar to the land sale, this undertaking is proposed for sale on a slump sale basis on an "as is where is" basis.

Neither resolution involves any financial interest from directors or key managerial personnel or their relatives.

Ordinary Business

The ordinary business agenda includes receiving, considering, and adopting the standalone and consolidated financial statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.

Additionally, shareholders will vote on the re-appointment of Mr. Mahesh Mehra (DIN- 00086683), Whole-time Director, who retires by rotation and offers himself for re-appointment.

Kaushalya Infrastructure Development Corp Ltd disclosed that its promoters and promoter group, including persons acting in concert (PAC), hold 51.42% of the total share capital. The filing, submitted to the stock exchanges, confirmed that the group holds 1,78,061 equity shares and has not made any encumbrance of shares during the financial year ended March 31, 2026.

The company further confirmed that as on March 31, 2026, Nil shares of the company are encumbered or pledged by the promoters. This disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The list of promoters includes individuals and entities such as Sidhnath Mehra HUF, Mahesh Mehra HUF, and Karan Mehra, among others. Corporate entities listed as promoters include Mahanti Engineers Pvt. Ltd., Keleenworth Marketing Pvt. Ltd., and Sun Kissed Merchandise Pvt. Ltd.

List of Promoters