TajGVK Hotels & Resorts shareholders approved a special resolution to change the company's name to Krishna GVK Luxury Hotels Limited during its 31st Annual General Meeting held on September 9, 2026. The resolution secured overwhelming support, with 99.996% of votes cast in favor.

The meeting, conducted via video conference from Hyderabad, also saw the adoption of standalone and consolidated audited financial statements for FY26 and the declaration of a dividend on equity shares. Both ordinary resolutions passed with 99.999% affirmative votes.

Director Reappointments

Shareholders reappointed three directors during the meeting:

• Mr. Anoop Vrajlal Mehta: Reappointed as a director liable to retire by rotation. The resolution received 99.056% support.
• Mrs. G Indira Krishna Reddy: Reappointed as a director liable to retire by rotation under a special resolution, securing 99.378% approval.
• Mrs. Dia Mehta Bhupal: Appointed as a Non-Executive and Non-Independent Director, with 99.055% of votes in favor.

Promoter group members, including Chairman Dr. GVK Reddy, Vice Chairperson Mrs. G Indira Krishna Reddy, Managing Director Mrs. Shalini Bhupal, Joint Managing Director Mr. Krishna Ram Bhupal, and Director Mr. Anoop Vrajlal Mehta, were interested in the director-related resolutions (Items 3, 4, and 5). Consequently, Independent Director Mr. N Anil Kumar Reddy chaired the meeting for these specific agenda items.

Voting Participation

A total of 72 members attended the meeting via video conferencing. E-voting was facilitated through National Securities Depository Limited (NSDL). The voting results reflect high participation rates among institutional investors:

The scrutinizer’s report, submitted by M/s. G Narender & Associates, confirmed that all resolutions were passed with the requisite majority. The company’s CFO and Company Secretary, Mr. J Srinivasa Murthy, concluded the proceedings at 11:50 am.

Taj GVK Hotels & Resorts has filed an application with the Bombay Stock Exchange and the National Stock Exchange of India Ltd seeking approval to reclassify The Indian Hotels Company Limited (IHCL) from the 'promoter and promoter group' category to the 'public' category. The application was submitted on August 5, 2026, following the board of directors' approval at a meeting held on July 31, 2026.

This corporate action formalizes IHCL's complete exit from the company's shareholding pattern. The reclassification request was initially communicated via a letter received by Taj GVK Hotels on July 29, 2026, continuing disclosures made in December 2025 regarding the transfer of shares.

Shareholding Changes

IHCL sold 1,60,00,400 equity shares, representing 25.52% of the issued and paid-up equity share capital, through an off-market transfer on December 30, 2025. Consequently, IHCL no longer holds any equity shares in Taj GVK Hotels & Resorts, necessitating the change in its regulatory classification.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification is being processed in accordance with Regulation 31A of the Listing Regulations, read with SEBI's Master Circular dated November 11, 2024. The company has now filed the necessary application with the stock exchanges to finalize this transition.