Sheraton Properties & Finance Limited convened its 41st Annual General Meeting on September 30, 2026. The meeting focused on adopting the audited financial statements for the fiscal year ended March 31, 2026 and addressing related party transactions.

The company provided remote e-voting facilities to shareholders in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Voting commenced on September 27, 2026 and concluded on September 29, 2026. Shareholders who did not utilize remote voting were permitted to cast their votes via ballots during the meeting.

Resolutions passed

The agenda included both ordinary and special business items. The key resolutions tabled at the meeting were:

• Adoption of Financial Statements: To receive, consider, and adopt the audited financial statements for FY26, along with the Board of Directors' and Auditors' reports.
• Director Reappointment: To appoint Meenakshi Jayesh Bhansali (DIN: 06936671) as a director in place of herself, who retired by rotation and offered herself for reappointment.
• Related Party Transactions: To approve material related party transactions as special business.

Voting results disclosure

Upon receipt of the scrutinizer's report, the company will communicate the voting results to BSE Limited within two working days from the conclusion of the AGM. These results will also be published on the company's website, its Registrar and Transfer Agents' website, and the website of MUFG Intime India Private Limited.

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.