Pecos Hotels & Pubs has scheduled its 21st annual general meeting (AGM) for September 25, 2026, to approve FY26 results and a final dividend of ₹4 per share. The meeting will also address the re-appointment of Whole Time Director Mr. Liam Norman Timms and approve director remuneration packages.

The Board of Directors approved these resolutions during its meeting on August 31, 2026. Shareholders must be on record by September 18, 2026, to qualify for dividend payments and voting rights. The notice was signed by Company Secretary Neelam Kumari.

Key Dates and Schedule

Shareholders must ensure their holdings are registered by the cut-off date to qualify for the dividend and voting rights. The register of members will remain closed during the book closure period.

Board Meeting Details

The board meeting commenced at 2:00 pm and concluded at 4:00 pm at the corporate office in Bangalore. In addition to approving the results and dividend, the directors addressed several procedural matters:

• Took note of the Secretarial Audit Report for the Financial Year 2025-26 issued by Mr. Pramil Dev, a practicing Company Secretary.
• Appointed Mr. Pramil Dev as the scrutinizer for the e-voting process for the 21st AGM.
• Determined the record date and book closure period for the ensuing annual general meeting.

Director Re-appointment and Remuneration

The AGM notice includes special business items regarding the re-appointment and remuneration of key directors. The company seeks shareholder approval for the following:

Re-appointment of Mr. Liam Norman Timms

Mr. Liam Norman Timms (DIN: 06453032), Whole Time Director, retires by rotation and offers himself for re-appointment. He has served on the board since January 19, 2013, and holds 61,002 equity shares as of March 31, 2026. His expertise includes international business, brand expansion, and digital transformation initiatives.

Remuneration Approvals

The shareholders are asked to approve remuneration for two directors effective April 1, 2026:

1. Mr. Liam Norman Timms: Proposed monthly remuneration of ₹1,42,000, including allowances and perquisites. This is subject to the limits prescribed under Section 197 of the Companies Act, 2013. For FY26, his total remuneration was ₹15.6 lakh, while the proposed amount for FY27 is ₹17.04 lakh.
2. Mr. Pradosh Dhanraj: Proposed monthly remuneration of ₹75,500 plus a travel allowance of ₹6,000. As an Executive Director who is neither a Managing Director nor a Whole-time Director, his remuneration is subject to applicable limits under Section 197.

The explanatory statement notes that since the company's profits were inadequate for managerial remuneration in FY26, previous approvals were made under Schedule V of the Companies Act, 2013.

Dividend and Tax Deduction

The final dividend of ₹4 per equity share represents a 40% payout on the face value of ₹10. The dividend is taxable in the hands of shareholders. The company will deduct tax at source (TDS) at applicable rates:

• Resident Shareholders with PAN: 10% TDS if aggregate dividend exceeds ₹10,000.
• Without PAN/Invalid PAN: 20% TDS.
• Non-Resident Shareholders: 20% plus surcharge and cess, or beneficial tax treaty rate if documents are submitted.

Dividend payments will be made electronically within 30 days of the AGM. Shareholders holding physical shares must update KYC details to receive dividends.

E-Voting Process

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on September 22, 2026, at 9:00 am and closes on September 24, 2026, at 5:00 pm. Shareholders can vote via their demat accounts or through the CDSL e-voting portal. Those who vote remotely cannot vote again at the physical AGM.

Pecos Hotels and Pubs Limited reported a 14.7% rise in net profit to ₹164.03 lakh for the financial year ended March 31, 2026, compared to ₹143.04 lakh in the previous year. Revenue from operations increased 13.4% to ₹1,196.77 lakh from ₹1,055.32 lakh in FY25. The company’s total revenue for the year stood at ₹1,227.67 lakh.

The Board of Directors approved the audited standalone financial results for the half year and the financial year ended March 31, 2026. M/s Phillipos George & Co., Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the standalone financial results. The company also declared and paid a dividend during the financial year, complying with Section 123 of the Companies Act, 2013.

For the quarter ended March 31, 2026, the company recorded a profit of ₹90.94 lakh, up from ₹57.92 lakh in the same period last year. Revenue from operations for the quarter rose to ₹616.61 lakh from ₹516.51 lakh. Total expenses for the year increased to ₹1,000.88 lakh from ₹891.23 lakh in the prior year.

Financial Performance

The company’s earnings per share (EPS) for the full year improved to ₹12.52 from ₹10.92 in the previous year. Basic and diluted EPS remained consistent at ₹12.52 for FY26. The profit before tax for the year stood at ₹226.78 lakh, compared to ₹191.84 lakh in FY25.

Assets and Liabilities

The company’s total assets increased to ₹902.35 lakh as of March 31, 2026, from ₹768.67 lakh in the previous year. Cash and cash equivalents rose significantly to ₹524.90 lakh from ₹423.01 lakh. Shareholders' funds, comprising share capital and reserves, grew to ₹776.56 lakh from ₹658.38 lakh.

The statutory auditors confirmed that the company has not incurred cash losses during the financial year or the immediately preceding financial year. They also reported no material fraud by the company or its officers and employees during the year.