Lemon Tree Hotels held its 34th Annual General Meeting on September 18, 2026, where shareholders approved key governance changes and adopted the financial statements for FY26. The meeting was conducted via video conferencing in compliance with SEBI and MCA regulations.

The most significant resolution passed was the appointment of Mr. Patanjali Govind Keswani as Non-Executive Chairman effective April 1, 2027. Currently serving as Chairman and Executive Director, Keswani will transition to a non-executive role, marking a structural shift in the company's leadership hierarchy.

Governance and Board Changes

Shareholders also approved the reappointment of two directors retiring by rotation:

• Mr. Aditya Madhav Keswani (DIN: 07208901)
• Mr. Willem Albertus Hazeleger (DIN: 0790239)

Mr. Patanjali Govind Keswani chaired the proceedings, welcoming members and introducing the board of directors, key managerial personnel, and statutory auditors. Deloitte Haskins & Sells LLP served as the statutory auditors, while DPV & Associates acted as secretarial auditors.

Financial Statements and Audit

The meeting addressed the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Both the Statutory Auditors' Report and the Secretarial Audit Report for FY26 were unqualified, containing no comments or remarks.

What the Numbers Show

The clean audit opinions indicate no material irregularities in the financial reporting or corporate governance practices for FY26. The absence of qualifications suggests that the company's internal controls and compliance mechanisms functioned effectively during the period under review.

Voting Process

Remote e-voting was available from September 14, 2026, at 9:00 am until September 17, 2026, at 5:00 pm. Members attending via VC/OAVM who had not voted remotely could cast their votes electronically during the meeting through the NSDL portal. Mr. Prakash Verma, a practicing company secretary, was appointed as the scrutinizer to supervise the voting process.

The results of the e-voting will be submitted to the stock exchanges within two working days of the meeting's conclusion. The AGM concluded at 1:29 pm.

Lemon Tree Hotels announced the opening of Lemon Tree Premier, Jabalpur on September 17, 2026. The 80-room property marks the group’s entry into the city and expands its operational presence in Madhya Pradesh to four hotels.

The hotel is managed by Carnation Hotels Private Limited, a wholly owned subsidiary. Located on Naudra Bridge, the property offers convenient access to key parts of the city for business and leisure travellers.

Property Details

The hotel features 80 well-appointed rooms and suites, an increase from the 75 rooms disclosed to stock exchanges on January 31, 2023. Amenities include a multi-cuisine restaurant, a bar, a banquet hall, a meeting room, a swimming pool, a spa, and a fitness centre.

Strategic Footprint

Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., stated that the opening strengthens the group’s ability to serve diverse business, administrative, and leisure travel markets in the state. The group now has four operational hotels in Madhya Pradesh, with eleven more properties in the pipeline.

Jabalpur serves as an important commercial and administrative hub in Central India. The hotel is approximately 2 km from the railway station, 6.5 km from the ISBT, and 16 km from Jabalpur Airport.

Regulatory Disclosure

The company made the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pawan Kumar Kumawat, Company Secretary and Compliance Officer, signed the filing.