Silver Pearl Hospitality & Luxury Spaces Ltd declared the voting results for its 16th Annual General Meeting (AGM) held on September 25, 2026. All proposed resolutions were approved with a requisite majority, confirming key governance decisions and director re-appointments.

Meeting proceedings and compliance

Rajesh Kumar Negi, Chairman and Managing Director, presided over the meeting. He confirmed that the company complied with the Companies Act, 2013, and applicable Secretarial Standards regarding the convening and conduct of the AGM. The notice of the AGM and the Auditor’s Report were taken as read with the consent of the members present.

Remote e-voting facilities were provided by NSDL from September 22, 2026, to September 24, 2026. No members registered as speakers for the meeting. Mrs. Kriti Daga, a practicing company secretary, served as the scrutinizer for the voting process. The meeting commenced at 11:30 am and concluded at 11:50 am, with nine members present, including those from the promoter group.

Resolutions passed

The members considered and approved several items of business, categorized into ordinary and special business. The resolutions focused on financial approvals and governance continuity.

Ordinary business

1. Adoption of audited standalone financial statements for the financial year ended March 31, 2026, along with the Board of Directors’ and Auditors’ reports.
2. Re-appointment of Subir Roy Choudhury (DIN: 09404407), who retired by rotation and offered himself for re-appointment.

Special business

The following re-appointments were approved for terms of five years:

Voting results and conclusion

The scrutinizer report detailed the e-voting outcomes. For the adoption of financial statements (Resolution 1) and the re-appointment of Subir Roy Choudhury (Resolution 2), 50,61,250 votes were cast in favor, representing 99.68% of valid votes. Only 16,000 votes (0.31%) were cast against these resolutions.

Similarly, the special resolutions for the re-appointment of Independent Directors Suresh Singh B. Rao and Akshaya Suved Chavan received identical support, with 50,61,250 votes (99.68%) in favor and 16,000 votes (0.31%) against.

For the re-appointment of Rajesh Kumar Negi as Chairman & Managing Director (Resolution 5), 30,23,750 votes (99.47%) were cast in favor. 16,000 votes (0.53%) were cast against. Notably, 18,00,000 votes were recorded as invalid for this specific resolution, distinct from the other items where no invalid votes were reported.

The results have been declared and intimated to the stock exchange. The meeting concluded with a vote of thanks to the chair.

Silver Pearl Hospitality & Luxury Spaces Ltd has announced its financial results for FY26 alongside the notice for its 16th Annual General Meeting (AGM). The company returned to profitability, reporting a net profit of ₹12.49 lakh for the year ended March 31, 2026, compared to a net loss of ₹16.65 lakh in the previous fiscal year.

The AGM is scheduled to be held on Friday, September 25, 2026, at 11:30 am through Video Conferencing or Other Audio Visual Means. The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026, inclusive.

Financial Performance

Total revenue for FY26 stood at ₹134.80 lakh, an increase from ₹97.63 lakh in FY25. This growth was driven by both operational and non-operational income streams.

Operational revenue grew to ₹102.35 lakh from ₹79.83 lakh in the prior year. Other income, primarily comprising interest on loans, rose significantly to ₹32.45 lakh from ₹18.00 lakh. Total expenses increased to ₹117.33 lakh from ₹112.41 lakh, largely due to higher employee benefit expenses which rose to ₹58.83 lakh from ₹32.79 lakh.

AGM Agenda Items

The Board has proposed several resolutions for shareholder approval at the upcoming AGM:

• Re-appointment of Mr. Subir Roy Choudhury as a Non-Executive Director liable to retire by rotation.
• Re-appointment of Independent Directors Mr. Suresh Singh B. Rao and Mrs. Akshaya Suved Chavan for a second term of five years each, effective December 2, 2026.
• Appointment of Mr. Rajesh Kumar Negi as Managing Director for a period of five years, effective March 11, 2027.

What the Numbers Show

The turnaround in profitability is heavily influenced by non-operational gains. Other income constitutes approximately 24% of total revenue, while operational revenue accounts for the remaining 76%. While operational revenue growth is healthy at 28%, the surge in other income suggests that investment returns played a critical role in offsetting rising operational costs, particularly employee benefits which saw a 79% increase year-on-year.

Corporate Governance

The company’s statutory auditors, Choudhary Choudhary & Co., have issued an unqualified opinion on the standalone financial statements. The secretarial audit report confirms compliance with applicable corporate laws and governance standards for the year ended March 31, 2026.