Viceroy Hotels Limited has scheduled its 61st Annual General Meeting (AGM) for Thursday, September 10, 2026, at 11:00 am. The meeting will be conducted through Video Conference or Other Audio-Visual Means (OAVM), with the deemed venue located at the company’s registered office in Hyderabad.

The primary agenda includes the adoption of the standalone and consolidated audited balance sheets as at March 31, 2026, along with the statement of profit and loss and cash flow statement for FY26. Additionally, shareholders will vote on the reappointment of Mr. Prabhaker Reddy Solipuram as a non-executive director, who retires by rotation and offers himself for re-election.

Director Reappointment Details

Mr. Solipuram, who joined the board on October 12, 2023, brings experience from his role as Chairman and CEO of enGenius Consulting Group. He holds a B.E. in Mechanical Engineering and an M.S. in Computer Science. During FY25-26, he received sitting fees of ₹4.80 lakhs and attended four board meetings. He currently holds a 14.87% stake in the company.

Voting and Logistics

The company will facilitate remote e-voting through Central Depository Services (India) Limited (CDSL). The voting period runs from September 7, 2026, at 9:00 am to September 9, 2026, at 5:00 pm. Shareholders holding shares as on the record date of September 4, 2026, are eligible to cast their votes electronically.

Physical attendance is dispensed with pursuant to Ministry of Corporate Affairs circulars. Consequently, the facility to appoint proxies is not available for this AGM. The register of members and share transfer books will remain closed from September 5, 2026, to September 10, 2026, both days inclusive.

Viceroy Hotels Limited has finalized the specific terms of its proposed equity rights issue, moving from broad board approval to concrete execution details. The Rights Issue Committee, meeting on August 14, 2026, determined an issue price of ₹115 per share and set the record date for August 20, 2026. This procedural step concludes the term-fixing phase following in-principle approvals from BSE Limited and National Stock Exchange of India Limited received on August 11, 2026.

The committee approved the issuance of 92,03,008 fully paid-up equity shares with a face value of ₹10 each, raising an aggregate amount not exceeding ₹1058.35 crore. The rights entitlement ratio is fixed at 6 (Six) Rights Equity Shares for every 7 (Seven) fully paid-up equity shares held by eligible shareholders as on the record date. This issuance will increase the company’s outstanding equity shares from 6,75,78,948 to 7,67,81,956, assuming full subscription.

Issue Timeline and Key Dates

The rights issue process follows a strict timeline established by the committee. Shareholders must hold their shares as of the record date to receive entitlements. The actual subscription window opens in early September.

The Board and the Rights Issue Committee reserve the right to extend the closing date, provided the total issue period does not exceed 30 days from the opening date. The ISIN for the credit of dematerialized rights entitlement is INE048C20025.

Entitlement and Fractional Shares

The company has outlined specific rules for fractional entitlements to ensure fair distribution. Shareholders holding less than seven equity shares or holdings not in multiples of seven will have their fractional entitlements ignored in the initial computation. However, these shareholders are given preferential consideration for the allotment of one additional equity share if they apply for shares beyond their basic entitlement, subject to availability.

Shareholders with less than seven equity shares as on the record date will have zero entitlement but can apply for additional shares. They cannot renounce these applications to third parties, and the application forms remain non-negotiable. Rights entitlements on shares under dispute, transmission, or held in demat suspense accounts are kept in abeyance pending resolution.

Regulatory Compliance and Trading Window

In compliance with SEBI’s Insider Trading Regulations, the trading window for directors, officers, and designated employees was closed effective immediately prior to the meeting. It remains closed until 48 hours after the conclusion of the August 14 committee session. The Letter of Offer, dated August 14, 2026, has been approved for filing with both stock exchanges and is available on the company’s website.

This development follows the Board’s initial approval on June 29, 2026, to raise up to ₹107 crore through fully paid-up equity shares. The rescheduling of the committee meeting from an earlier date was due to pending in-principle approvals, which have now been secured, allowing the process to proceed to this final term-fixing stage.