Lords Ishwar Hotels schedules AGM for Aug 22 to approve RPTs
Lords Ishwar Hotels schedules its 40th AGM for August 22, 2026, to adopt FY26 financials which reported a net loss of ₹8.19 lakh due to renovation disruptions. The meeting seeks approval for ₹395 lakh in related-party transactions with H S India Limited for FY27. Shareholders are reminded to update KYC details and register email IDs for e-voting access.
*this image is generated using AI for illustrative purposes only.
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.
| Metric | FY26 Actuals | FY27 Proposed Limit | Change |
|---|---|---|---|
| Transaction Value with HSIL | ₹127.08 lakh | ₹395.00 lakh | Increase |
| % of Company Turnover | 17.26% | 53.63%* | Increase |
*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.
Historical Stock Returns for Lords Ishwar Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.51% | +13.88% | +16.00% | +10.18% | -4.47% | +158.60% |
How will the tripling of related-party transactions with HSIL impact Lords Ishwar Hotels' gross margins and operational independence in FY27?
What specific strategies is management implementing to accelerate revenue recovery post-renovation and return to profitability after the FY26 net loss?
Will the increased reliance on HSIL for liquor distribution expose the company to greater supply chain risks or pricing pressures from its group entity?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
