Sinclairs Hotels proposes ₹0.80 dividend, board re-appointments at AGM

Sinclairs Hotels Limited has convened its 54th Annual General Meeting (AGM) for Tuesday, September 15, 2026, at 11:00 A.M. (IST) via Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting aims to adopt the audited financial statements for the financial year ended March 31, 2026, declare a dividend, and approve key management re-appointments, ensuring continuity in the company’s governance structure.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the notice was filed with the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Calcutta Stock Exchange (CSE). The meeting will be held remotely in compliance with Ministry of Corporate Affairs (MCA) circulars permitting VC/OAVM attendance without physical presence. The deemed venue is the company’s registered office in Kolkata.

Dividend Declaration

The Board of Directors recommends an Ordinary Resolution to declare a dividend of ₹0.80 per equity share of ₹2 each, representing 40% on the paid-up equity share capital for the financial year ended March 31, 2026. The dividend will be paid out of the company’s profits.

The register of members and share transfer books will remain closed from Wednesday, September 9, 2026, to Tuesday, September 15, 2026. Eligibility for the dividend is determined by the register of shareholders as at close of business on Tuesday, September 8, 2026. The company will withhold tax at source as per the Income Tax Act, 2025, with rates varying based on PAN status and residency.

Category	Withholding Tax Rate	Key Condition
Resident Individual (PAN updated)	10%	Nil if dividend ≤ ₹10,000
Resident Individual (No PAN/Not Linked)	20%	If dividend > ₹10,000
Non-Resident (FII/FPI)	20% + surcharge/cess	Or treaty rate if documents submitted by August 28, 2026

Board Re-Appointments

Shareholders will vote on three key personnel appointments:

Navin Chand Suchanti: Re-appointment as a Non-Executive Non-Independent Director, liable to retire by rotation. Suchanti, who holds 3,352,211 shares, has served since June 30, 1990.
Sanjeev Kumar Khandelwal: Re-appointment as an Independent Director for a second term of five consecutive years, commencing May 26, 2027, until May 25, 2032. This requires a Special Resolution under Section 149 of the Companies Act, 2013. Khandelwal brings over 40 years of experience in financial services and merchant banking.
Swajib Swapan Chatterjee: Re-appointment as Manager for five years from May 26, 2027. His remuneration is set at ₹32.68 lakh per annum, subject to annual increments within the limits of Section 197 of the Companies Act, 2013.

Voting and Compliance

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL) from Saturday, September 12, 2026, at 9:00 A.M. to Monday, September 14, 2026, at 5:00 P.M. Members holding shares as of the record date, September 8, 2026, are eligible to vote. CA Deepak Kumar Daga of S.M. Daga & Co. has been appointed as the Scrutinizer to ensure a fair voting process.

The company reminds members holding physical shares to convert them to demat form, as fresh transfers for physical securities are no longer accepted under SEBI regulations. Additionally, members must update their KYC details via Form ISR-1 to ensure dividend payments and service requests are processed smoothly.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.81%	+3.90%	+2.39%	-1.61%	-21.31%	-42.24%

Kalyani Steels Limited reported a 10.7% year-on-year increase in standalone net profit to ₹676.06 million for the quarter ended June 30, 2026, driven by higher income from operations. The company’s consolidated net profit rose by 10.5% to ₹682.49 million during the same period, reflecting stable operational performance across its business segments.

The results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. R. K. Goyal, Managing Director, signed off on the unaudited financial results dated August 7, 2026, from Pune. The detailed results are available on the company’s website and the exchanges’ portals.

Total income from operations stood at ₹4,795.21 million on a standalone basis, up from ₹4,570.38 million in the corresponding quarter of the previous year. On a consolidated basis, total income was ₹4,803.84 million, compared to ₹4,580.00 million in Q1FY26. The profit before tax (after exceptional items) remained consistent with pre-tax profits excluding exceptional items at ₹909.76 million (standalone) and ₹918.35 million (consolidated).

Particulars	Standalone Q1FY27	Standalone Q1FY26	Consolidated Q1FY27	Consolidated Q1FY26
Total Income from Operations	₹4,795.21 million	₹4,570.38 million	₹4,803.84 million	₹4,580.00 million
Profit Before Tax (After Exceptional Items)	₹909.76 million	₹821.14 million	₹918.35 million	₹830.72 million
Net Profit After Tax	₹676.06 million	₹609.65 million	₹682.49 million	₹616.83 million
Earnings Per Share (Basic & Diluted)	₹15.49	₹13.97	₹15.63	₹14.13

Equity share capital remained unchanged at ₹218.64 million. Other equity stood at ₹20,777.49 million on a standalone basis and ₹20,830.61 million on a consolidated basis as of March 31, 2026. Basic and diluted earnings per share were ₹15.49 on a standalone basis and ₹15.63 on a consolidated basis, up from ₹13.97 and ₹14.13 respectively in the previous year’s quarter.

What the Numbers Show

The simultaneous growth in both revenue and net profit margins indicates improved cost management or favorable product mix shifts during the quarter. With consolidated profits outpacing standalone figures slightly, subsidiary contributions remain relevant to overall bottom-line performance. No exceptional items impacted the current quarter’s profitability, suggesting organic growth drivers were primary factors behind the result.