Lords Ishwar Hotels concluded its 40th Annual General Meeting on August 22, 2026, with shareholders unanimously approving all three resolutions. The meeting, held via video conferencing, saw total participation from 33 shareholders representing 15,80,383 votes for the adoption of audited financial statements.

Shareholders approved the adoption of audited financial statements for the year ended March 31, 2026, along with the Board of Directors' report and auditors' report. The company also secured approval for material related-party transactions through an ordinary resolution.

Key Resolutions Passed

The members present and voting approved the following items of business:

• Adoption of the audited financial statements for FY26, including the reports of the Board of Directors and statutory auditors.
• Re-election of Mr. Pushpendra Radheshyam Bansal as a director liable to retire by rotation.
• Approval of material related-party transactions as detailed in the notice.

Voting Results Breakdown

The consolidated scrutinizer's report reveals distinct voting patterns across shareholder categories. Promoter group members voted exclusively on Resolution 1 (financials), casting 13,47,650 votes in favor. Public non-institutional shareholders were the sole voters for Resolutions 2 and 3, contributing 2,32,733 votes each. No votes were cast against any resolution, and institutional public shareholders did not participate in the voting process.

Management and Auditor Presence

Mr. Pushpendra Bansal, Managing Director, chaired the meeting. Other directors present included Mrs. Sangita Bansal, Mr. Tikam Panchal, Mr. Adityabhai Joshi, and Mrs. Kinjal Parmar. Mr. Mehinder Sharma was absent.

The statutory auditor, Mr. Rajiv M. Hariyani, and secretarial auditor, Mr. Mayank Joshi, attended via video conference. The Chairperson noted that neither the statutory audit report nor the secretarial audit report for FY26 contained any qualifications, adverse remarks, or disclaimers affecting the company's functioning.

Governance and Voting Process

The company provided remote e-voting facilities from August 19 to August 21, 2026, through National Securities Depository Limited. An additional 15-minute e-voting window was available during the meeting for shareholders who had not voted remotely. CS Mayank Joshi served as the scrutinizer to ensure a fair and transparent voting process.

The Chairperson highlighted the growth prospects of India's hospitality sector and emphasized the company's focus on sustainable energy practices and responsible profitable growth. No queries were raised by members during the session.

Lords Ishwar Hotels has scheduled its 40th Annual General Meeting (AGM) for August 22, 2026, at 10:15 a.m. via video conferencing. Shareholders will vote on the adoption of audited financial statements for FY26 and the re-appointment of Managing Director Pushpendra Radheshyam Bansal. The meeting also seeks approval for material related-party transactions (RPTs) totaling ₹395 lakh with group entity H S India Limited (HSIL) for FY27. This approval is critical for maintaining the company’s liquor distribution channels amid operational disruptions from ongoing renovations. Remote e-voting opens on August 19, 2026, at 9:00 a.m. and closes on August 21, 2026, at 5:00 p.m., with a cut-off date of August 14, 2026, for determining voting eligibility.

The Board of Directors, in compliance with Regulation 23 of the SEBI Listing Regulations and Section 188 of the Companies Act, 2013, requires shareholder consent for these transactions as they exceed 10% of the annual consolidated turnover. The proposed RPTs involve the sale of foreign liquor and wine in the ordinary course of business. Promoter directors Pushpendra Bansal and Sangita Bansal will abstain from voting on this resolution. The Audit Committee and Board have approved the transactions as being on an arm’s length basis, noting that HSIL operates a similar hospitality business in Surat, enabling operational efficiencies.

Regulatory Compliance and Shareholder Notice

In accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has sent letters to members whose email addresses are not registered with the company, Bigshare Services Private Limited, or depositories. These letters provide web-links to access the Annual Report for FY26 uploaded on the company’s website. The notice also serves as a reminder for shareholders to update their KYC details pursuant to SEBI Circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/27 dated May 7, 2024. This circular mandates listed companies to record PAN, address, mobile number, bank account details, specimen signature, and nomination choices for security holders holding physical securities. While updating email IDs is optional, shareholders are requested to register them to avail online services.

Financial Context and Governance

The AGM follows a challenging fiscal year where the company reported a net loss of ₹8.19 lakh in FY26, reversing a profit of ₹34.50 lakh in FY25. This decline was driven by temporary operational disruptions due to renovations, which reduced total revenue from operations to ₹760.97 lakh from ₹860.73 lakh. No dividend was recommended for FY26.

Corporate governance updates include the appointment of Mahima Ketankumar Jariwala as Company Secretary effective June 2, 2025, succeeding Neha Prajapati. Adityabhai Jagdishbhai Joshi was appointed as an Independent Director in September 2025, while Virendra Parasram Mistry ceased his role in February 2026 upon term expiry. Statutory auditors R. M. Hariyani & Co. confirmed compliance with Indian Accounting Standards (Ind AS).

Related Party Transaction Details

The proposed ₹395 lakh transaction limit for FY27 represents a significant increase from the ₹127.08 lakh transacted with HSIL in FY26. During the current financial year up to the preceding quarter, transactions amounted to ₹72.48 lakh. HSIL reported a turnover of ₹2,609.00 lakh and a net worth of ₹3,561.13 lakh in FY26.

*Based on FY26 standalone turnover of ₹736.49 lakh.

E-Voting and Meeting Logistics

Shareholders holding shares as of the August 14 cut-off date can vote remotely via NSDL’s e-voting platform. The facility is available through the NSDL website or mobile app using demat account credentials or OTP-based login. For physical shareholders, login requires the EVEN number followed by the folio number. The remote e-voting module will remain open during the AGM for those who have not voted remotely, closing 15 minutes after the meeting concludes. CS Mayank Joshi of Nandaniya Joshi & Associates has been appointed as the scrutinizer to ensure a fair voting process.