Mahindra Holidays & Resorts India Limited announced that all three resolutions proposed at its 30th Annual General Meeting (AGM) were approved with a requisite majority. The meeting, held via video conferencing on July 22, 2026, saw the adoption of financial statements for FY26 and the re-appointment of a director. The voting results, combining remote e-voting and polls conducted during the meeting, were disclosed in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings were also reported under Regulation 30 of the Listing Regulations.

The Scrutinizer's Report confirmed that the resolutions were passed with strong support from shareholders. The total votes polled represented 81.76% of the outstanding shares. Specific voting patterns indicated that public institutions showed some dissent regarding the re-appointment of Mr. C.P. Gurnani, with 2.47% of votes from this category cast against the resolution.

Voting Summary

The table below details the voting outcomes for the three ordinary resolutions:

Meeting Proceedings

The 30th AGM commenced at 3:30 p.m. (IST) and concluded at 6:23 p.m. (IST). Mr. C.P. Gurnani, Chairman of the Board, chaired the meeting. All Directors and Key Managerial Personnel were present except Dr. Anish Shah, Non-Executive and Non-Independent Director, who could not attend due to an unforeseen exigency. Eighty-two members were present through video conferencing, satisfying the quorum requirements under the Companies Act, 2013.

The Statutory Auditors' Report on the Financial Statements and the Secretarial Auditors' Report had no qualifications and were taken as read. The Board's Report and Notice of the 30th AGM were also taken as read. Representatives of the Statutory Auditor and Secretarial Auditor, along with Committee Chairpersons for Audit, Nomination and Remuneration, and Stakeholders' Relationship, attended the meeting.

Regulatory Compliance

The remote e-voting process was open from July 17, 2026, to July 21, 2026. The cut-off date for determining voting rights was July 15, 2026. A total of 210 members participated in the voting process. While the promoter group voted 100% in favour of all resolutions, public non-institutions cast a small percentage of votes against the financial statements and the director's re-appointment.

Mr. Mukesh Siroya of M Siroya and Company served as the Scrutinizer. The combined results of remote e-voting and e-voting at the AGM, along with the Scrutinizer's Report, were submitted to the National Stock Exchange of India Limited and BSE Limited within the stipulated timelines. The documents are available on the company's website.

Mahindra Holidays & Resorts India Limited has appointed Mr. Ashley Thomas as its Internal Auditor effective July 22, 2026, to strengthen governance and internal controls within the organization. The appointment was approved by the Board of Directors following a recommendation from the Audit Committee. Mr. Thomas brings 15 years of experience across the Mahindra Group to the role.

The Board meeting commenced at 10:35 a.m. and concluded at 01:59 p.m. on July 22, 2026. The company disclosed that the appointment complies with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular.

Appointment Details

The tenure of the newly appointed Internal Auditor is set to last until the conclusion of the Q4 FY 2027 Board meeting. The specific details regarding the appointment are outlined in the table below:

Profile of the Appointee

Mr. Ashley Thomas is a seasoned internal audit professional and a Chartered Accountant. He is currently a member of the Leadership Team at Corporate Management Services (CMS), where he oversees internal audit activities for Mahindra & Mahindra and several Group companies. He is an alumnus of the Mahindra Accelerated Leadership Track program.

Throughout his career, Mr. Thomas has partnered with businesses to enhance governance, risk management, and internal controls across diverse industries. Notably, he played a key role in Project KAIKAK, an initiative focused on integrating Artificial Intelligence into the Internal Audit function to improve audit effectiveness, analytics, and risk insights.