Sinclairs Hotels shareholders approved all five agenda items at the 54th Annual General Meeting held on September 15, 2026. The meeting was conducted via video conferencing.

Total votes polled reached 33,132,051, representing 64.64% of the 51,260,000 outstanding shares as on the record date of September 8, 2026. Promoter and promoter group entities held 33,007,567 shares and voted in favor of every resolution with 100% support.

Voting Breakdown

Public non-institutional shareholders participated with 123,218 votes polled, accounting for 0.68% of their total holdings of 18,251,167 shares. Institutional public shareholders cast 1,266 votes, representing 100% of their stake.

Key Resolutions Passed

The ordinary resolution to receive and adopt the audited financial statements for FY26 passed with overwhelming support. The dividend declaration for FY26 also secured approval, though it saw slightly higher opposition from public non-institutional voters compared to other items.

Shareholders approved the appointment of Mr. Navin Chand Suchanti as a director liable to retire by rotation. The special resolution to re-appoint Mr. Sanjeev Kumar Khandelwal as an independent director for a second five-year term commencing May 26, 2027, was also passed. Mr. Khandelwal has over 41 years of experience in financial services and merchant banking.

Additionally, the re-appointment of Mr. Swajib Swapan Chatterjee as manager for five years effective May 26, 2027, received shareholder backing. Mr. Chatterjee brings over 31 years of hospitality sector experience, primarily with Sinclairs Hotels. The scrutinizer’s report confirmed that all resolutions were passed with the requisite majority under SEBI LODR regulations.

Sinclairs Hotels promoter Navin Chand Suchanti acquired 6,659 equity shares in the open market on September 9, 2026. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Suchanti’s individual holding increased from 3,770,145 shares (7.35% of total voting capital) to 3,776,804 shares (7.36%). The acquisition represents a marginal increase of 0.01% in his stake relative to the total diluted share capital.

Promoter Group Holdings

The promoter group, which includes Suchanti and seven persons acting in concert (PACs), holds a combined 33,025,238 shares. This constitutes 64.42% of the company’s total voting capital following the transaction.

The PACs include Niren Chand Suchanti, Pramina Suchanti, Preeti Suchanti Khicha, Pooja Suchanti Shah, Sara Suchanti, Pressman Properties Private Limited, and Pressman Realty Private Limited. Niren Chand Suchanti remains the largest individual holder within the group with 12,215,498 shares (23.83%).

Capital Structure

Sinclairs Hotels has a total equity share capital of 5,12,60,000 shares with a face value of ₹2 each, amounting to ₹10.25 crore. The total diluted share/voting capital remains unchanged at 5,12,60,000 shares. No shares were encumbered or pledged by the acquirer in this transaction.