Sheraton Properties & Finance has issued an addendum to the notice for its 41st Annual General Meeting scheduled for September 30, 2026. The disclosure provides mandatory details regarding a proposed material related-party transaction.

The company seeks shareholder approval for granting an unsecured loan of ₹50 crore to Met-Lok Hydro Pneumatics Private Limited. This transaction falls under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI Listing Regulations.

Related Party Transaction Details

The proposed loan is intended to support the funding requirements of Met-Lok Hydro Pneumatics, a manufacturer of rubber and plastics products. Sheraton Properties stated that the transaction allows it to deploy surplus funds and earn interest income. The loan will be on demand and unsecured, with terms agreed upon at arm's length.

Mr. Babulal Bhansali, a director at Sheraton Properties, has an indirect interest in the transaction as a relative of his is a director at the related party entity. However, he holds no direct shareholding in Met-Lok Hydro Pneumatics.

Financial Profile of Related Party

Met-Lok Hydro Pneumatics has seen significant growth in its standalone turnover over the last three fiscal years. The company’s net worth has also expanded substantially during this period.

Transaction History and Terms

Sheraton Properties has previously extended loans to the related party. As of March 31, 2025, the outstanding loan amount was ₹1.75 crore. In the current financial year ending March 31, 2026, transactions included a loan grant of ₹10 lakh, bringing the total value of proposed and current year transactions to material levels.

The proposed ₹50 crore loan represents 124.80% of Sheraton Properties’ annual consolidated turnover for the immediately preceding financial year. The Audit Committee has recommended these transactions, noting no defaults by the related party in the last three years.

Sheraton Properties & Finance Limited Sheraton Properties & Finance Limited has scheduled its 41st Annual General Meeting (AGM) for Wednesday, September 30, 2026. The Board of Directors also reappointed M/s. M.R.V & Co., Chartered Accountants as the company’s internal auditor for the financial year 2026-27.

The board meeting concluded at 4:25 pm on August 27, 2026. During the session, directors approved the notice for the upcoming AGM and fixed the closure period for the register of members and share transfer books. The books will remain closed from Thursday, September 24, 2026 to Wednesday, September 30, 2026, both days inclusive.

Key Dates and Actions

The company has established specific dates for shareholder participation and record keeping:

Shareholders holding shares in physical or dematerialised form on the record date will be entitled to cast their votes electronically. This ensures compliance with regulatory requirements for remote e-voting procedures.

Internal Auditor Appointment

The board approved the reappointment of M/s. M.R.V & Co., Chartered Accountants (Firm Registration No. 135836W). The firm holds no disclosed relationships with the company’s directors.

M.R.V & Co. is described as a niche professional services firm offering audit and assurance, direct and indirect tax, due diligence, and other value-added support services. The appointment covers the entire financial year 2026-27.