TGB Banquets & Hotels shareholders approved the company’s financial statements for FY26 and reappointed two directors at its 27th annual general meeting held on September 15, 2026. The meeting took place at The Grand Bhagwati in Ahmedabad.

All three resolutions on the agenda were passed with the requisite majority. Shareholders voted overwhelmingly in favor of adopting the audited balance sheet as of March 31, 2026, along with the reports of the Board of Directors and Auditors.

Voting Details

The cut-off date for determining shareholder eligibility was September 8, 2026. A total of 12,344 shareholders were on record. Of these, 7 promoter group members and 40 public shareholders attended the meeting in person or through proxy. No shareholders attended via video conferencing.

Remote e-voting was available from September 12 to September 14, 2026. Polling was conducted at the venue for those present who had not voted remotely.

Resolution Outcomes

The following table summarizes the voting results for each resolution:

Mr. Devanand Gurmukhdas Somani (DIN: 00515959) retires by rotation and offered himself for re-appointment as a Director. Mr. Nishit B. Popat (DIN: 09279612) was re-appointed as an Independent Director via a special resolution requiring a 75% majority.

What the Numbers Show

Promoter and promoter group shareholders cast all their votes through polling rather than remote e-voting. They voted 100% in favor of every resolution, holding 9,145,835 shares. Public non-institutional shareholders participated significantly through remote e-voting, casting 68,897 votes online compared to 1,057,620 votes polled at the venue. The total valid votes cast amounted to 10,272,352, representing approximately 35% of the outstanding shares.

TGB Banquets & Hotels has published a newspaper advertisement regarding the notice for its 27th Annual General Meeting (AGM), scheduled for September 15, 2026. The announcement was made on August 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The advertisement appeared in the English newspaper Financial Express and its Gujarati edition. This follows an earlier communication issued on August 21, 2026, under Regulation 36(1)(b) of the SEBI LODR Regulations, which provided shareholders without registered email addresses with a weblink to access the FY26 Annual Report.

AGM and E-Voting Details

The 27th AGM will be held at the company’s registered office, "The Grand Bhagwati", Plot No. 380, S.G. Road, Bodakdev, Ahmedabad. The meeting is scheduled to begin at 11:00 am.

Remote e-voting will be open from September 12, 2026, at 9:00 am until September 14, 2026, at 5:00 pm. The cut-off date for voting rights is Tuesday, September 8, 2026. Members holding shares as of this record date are eligible to cast their votes electronically via the NSDL e-voting system. The Register of Members and Share Transfer Books will remain closed from September 9, 2026, to September 15, 2026.

Shareholders who have not registered their email addresses with their Depository Participants or the company are advised to do so to access the e-voting facility. Those attending the meeting physically can vote via ballot papers if they have not already voted remotely.

Financial Performance

TGB Banquets reported a total revenue of ₹3,963.68 lakh for FY26, marginally down from ₹3,968.28 lakh in FY25. Revenue from operations rose to ₹3,847.83 lakh from ₹3,749.18 lakh. However, net profit after tax declined to ₹143.47 lakh from ₹194.37 lakh in the previous year.

The decline in profitability was driven by a sharp drop in other income, which fell to ₹115.85 lakh from ₹219.10 lakh in FY25. Operating expenses increased to ₹3,823.95 lakh from ₹3,775.59 lakh, reflecting rising operational costs despite stable core revenues.

Board Appointments

Mr. Devanand Gurmukhdas Somani retires by rotation at the meeting. Being eligible, he offers himself for reappointment as a director liable to retire by rotation. He currently serves as an Executive Director with over 30 years of experience in hospitality and event management.

Under special business, shareholders will consider the reappointment of Mr. Nishit B. Popat as an Independent Director. His current term expires on August 13, 2026. The Nomination and Remuneration Committee recommended his reappointment for a second term of five consecutive years, commencing August 14, 2026.