LGT Global Hospitality Limited approved the acquisition of a majority stake in LGT Group Private Limited during its board meeting on September 6, 2026. The transaction is valued at not exceeding ₹5 lakh in cash.

The company also fixed September 30, 2026, for its annual general meeting (AGM) to be held via video conferencing. The board reappointed three whole-time directors liable to retire by rotation.

Acquisition Details

The proposed acquisition of LGT Group Private Limited is classified as a related-party transaction. The target entity was incorporated on July 21, 2024, and has reported nil turnover since inception. It is currently engaged in the tours and travel business but is undergoing object clause amendments to operate in the Information Technology (IT) sector.

The company stated that the acquisition aims to supplement growth and integrate business operations to serve clients better. The consideration will be determined through a valuation exercise by independent professionals appointed by the acquirer.

Director Reappointments

The board approved the reappointment of Mr. Tijo Mathew Kurisummooottil, Mr. Sivaji Gollapelli, and Mr. Ramesh Raja. All three directors were originally appointed on November 11, 2024.

AGM Schedule

The AGM is scheduled for Tuesday, September 30, 2026, at 11:30 am. Key dates for shareholders are as follows:

• E-voting cutoff date: Friday, September 25, 2026.
• E-voting period: Sunday, September 27, 2026, at 9:00 am to Tuesday, September 29, 2026, at 5:00 pm.
• Record date: Friday, September 25, 2026.
• Book closure: Friday, September 25, 2026, to Wednesday, September 30, 2026.

Mr. Gouri Shanker Mishra was appointed as scrutinizer, and Central Depository Services (India) Limited as the e-voting agency. The board also approved the Board Report for the financial year ended March 31, 2026.

LGT Global Hospitality Limited has strengthened its presence in Chennai by expanding its Luxe Living serviced accommodation portfolio with the addition of 19 new accommodation units across two strategically located properties. This expansion aims to cater to the growing demand from business travellers, corporate guests, and long stay visitors seeking professionally managed stays.

The latest expansion includes the onboarding of Thillai Residency, a fully managed serviced apartment property comprising 18 accommodation units located at Korattur, Chennai, and one serviced accommodation unit at Vinayaga Flats in Choolaimedu, Chennai. These properties are situated in well-connected residential and commercial neighbourhoods, providing guests with easy access to key business districts, industrial hubs, healthcare facilities, and transportation networks across Chennai.

Commenting on the development, Mr. Wilfred Selvaraj, Managing Director, LGT Global Hospitality Limited, said, "The addition of these 19 accommodation units marks another important milestone in strengthening the Luxe Living portfolio in Chennai. We continue to witness growing demand for professionally managed serviced accommodations from corporate travellers, families and long stay guests who seek comfort, convenience and dependable service. As we expand our hospitality portfolio, our focus remains on delivering quality guest experiences while increasing our presence in key markets."

LGT Global Hospitality has been consistently expanding its hospitality offerings across multiple segments, including hotels, serviced apartments, holiday homes, and travel solutions. The company remains focused on increasing its accommodation inventory in high growth markets while creating value through operational excellence and strategic partnerships.