Kaushalya Infrastructure Development Corporation Limited held its 34th Annual General Meeting (AGM) on September 28, 2026, where shareholders approved special resolutions for the sale of land constituting substantially the whole of the company's undertaking.

The meeting was conducted through two-way Video Conferencing and Other Audio-Visual Means (OAVM). Mr. Mahesh Mehra, Whole-time Director, was elected as Chairman. The proceedings included the adoption of standalone and consolidated financial statements for FY26 and the re-appointment of Mr. Mehra as a director retiring by rotation.

Key Resolutions Passed

Shareholders voted on four key items of business, including two special resolutions related to asset disposal:

Meeting Proceedings and Voting

The Company Secretary confirmed that 45 members attended the meeting via video conferencing, satisfying the requisite quorum. E-voting facilities were provided for all resolutions, with remote e-voting results to be announced within 48 hours of the meeting's conclusion.

The Chairman noted that the AGM notice and annual report were pre-circulated to shareholders via email. Queries raised by registered speakers were addressed by the Company Secretary and CFO during the session.

Kaushalya Infrastructure Development Corp Ltd has scheduled its 34th Annual General Meeting for September 28, 2026, seeking shareholder approval to sell 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 pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice of the AGM and Annual Report for FY26 has been dispatched to members on September 3, 2026, whose email addresses are registered with the Company or Depository Participants. 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. Shareholders attending through VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

Voting and record dates

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

Remote e-voting will be available from 9:00 am on September 25, 2026, until 5:00 pm on September 27, 2026, facilitated through NSDL. Members holding shares in physical or dematerialised form can cast votes electronically. Members who have not registered their email addresses may obtain user ID and password by sending a request to evoting@nsdl.co.in .

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 authorises the disposal of "Kaushalya Heritage," comprising the hotel, land, building, furniture, fixtures, and other assets located at Garh Salboni, Jhargram, Paschim Medinipur, West Bengal. This undertaking is also 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. Shareholders will also vote on the re-appointment of Mahesh Mehra (DIN: 00086683), Whole-time Director, who retires by rotation and offers himself for re-appointment.