LGT Global Hospitality Limited appointed Mr. Pradeep Mendon as Group Chief Financial Officer, effective September 16, 2026. The designation places him within the company’s Senior Management Personnel structure.

The appointment was made based on the recommendation of the Nomination and Remuneration Committee. It is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Profile

Mr. Mendon brings over 27 years of experience in financial planning, strategic planning, and corporate finance. His background includes roles in accounting, credit control, audit, compliance, governance, and cash flow management.

Prior to joining LGT Global Hospitality Limited, he served as Associate Vice President and Head – Commercial for the Leisure and MICE Business at Thomas Cook (India) Limited. He has also held senior finance positions at MakeMyTrip, SOTC Kuoni, Goomo Orbit, NIIT, and Neo Digital.

Regulatory Disclosure

The company filed the intimation with the Listing Department of BSE Limited. The filing confirms that Mr. Mendon’s term is for full-time employment, adhering to the company’s policy. No relationship with existing directors was disclosed in connection with this appointment.

LGT Global Hospitality has scheduled its 10th Annual General Meeting for September 30, 2026, seeking approval to extend the timeline for utilizing Initial Public Offering proceeds. The company aims to push the deployment of remaining funds to the end of FY27.

The board proposes this extension citing ongoing contract negotiations and geopolitical factors. The AGM will also address the ratification of the company's name change from LGT Business Connexions Limited and approve related-party transactions with subsidiaries.

IPO Proceeds Utilization

The company raised ₹25.28 crore through a fresh issue in its FY26 IPO. Shareholders are asked to approve a variation in the utilization timeline for capital expenditure and working capital requirements.

General corporate purpose funds were fully deployed within 12 months of receipt. The unutilized amounts for capital expenditure and working capital will now be utilized in FY27.

Related Party Transactions

The AGM agenda includes approving material related-party transactions with three subsidiaries: Holiday One Private Limited, Travflix Tours Limited, and Yaja Travel Solutions Private Limited. These approvals are required as transactions may exceed the 10% benchmark of consolidated turnover.

• Holiday One Private Limited: Approval sought for ₹50 crore annually, increasing by 20% each year for three years starting FY27.
• Travflix Tours Limited: Approval sought for ₹50 crore annually, increasing by 20% each year for three years starting FY27.
• Yaja Travel Solutions Private Limited: Approval sought for ₹30 crore annually, increasing by 20% each year for three years starting FY27.

The audit committee has approved these transactions, noting they are conducted at arm's length in the ordinary course of business. Promoter directors Wilfred Selvaraj and Wilfred Padma are interested parties and will abstain from voting.

Other Resolutions

Shareholders will also vote on:

• Ratification of the Chartered Accountant certificate regarding the name change to LGT Global Hospitality Limited, as required by BSE observations on format compliance.
• Grant of loans, guarantees, or security to subsidiaries under Section 185 of the Companies Act, up to ₹20 crore per entity.
• Loans and investments under Section 186, capped at ₹40 crore per entity and ₹100 crore in aggregate over statutory limits.
• Re-appointment of Whole-Time Directors Tijo Mathew Kurisummoottil, Sivaji Gollapelli, and Ramesh Raja.
• Declaration of a final dividend of ₹0.25 per equity share for FY26, payable to shareholders on record as of September 25, 2026.