West Leisure Resorts held its 18th Annual General Meeting on September 28, 2026, in Kalyan, Maharashtra. The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, alongside key governance appointments.

Key Resolutions Passed

Shareholders approved several critical items during the proceedings. The primary resolutions included:

• Adoption of the audited financial statements for FY26, along with the Directors' and Auditors' reports.
• Appointment of Satyanarayan Gangadhar Kurry as a Non-Executive Non-Independent Director, liable to retire by rotation.
• Appointment of Radha Chotalia as a Non-Executive Non-Independent Director, liable to retire by rotation.
• Appointment of Jyoti Shinde as Manager of the Company for a five-year term effective April 1, 2026.
• Approval of related party transactions for the financial years 2026-27 and 2027-28.

Meeting Proceedings and Attendance

The meeting was chaired by Satyanarayan Kurry, Director of the company. The quorum was present, comprising one member attending in person and seven members participating through authorised representatives. No proxies were recorded for the session.

The Chairman noted that Sunil Trivedi, a Director, was unable to attend due to health-related issues. He confirmed that there were no qualifications or adverse comments in the Auditor's Report regarding the company's financial transactions under Section 145 of the Companies Act, 2013. Consequently, no specific adverse matters were read out during the meeting.

Voting and Compliance

Voting results were determined through a combination of electronic voting and ballot papers. One member cast a vote via ballot paper. The scrutinizer, Shailesh Kachalia, supervised the process to ensure compliance with regulatory standards. The final voting results were scheduled for publication on the company's website and the NSDL e-voting portal, with communication to the stock exchange as required by law.

The meeting commenced at 11:00 am and concluded at 11:20 am. Bhaviika Jain served as the Company Secretary and Compliance Officer for the event.

West Leisure Resorts has issued a notice for its 18th Annual General Meeting scheduled for September 28, 2026. The meeting will address ordinary business, including the adoption of audited financial statements for the fiscal year ended March 31, 2026.

Special Business Agenda

The notice outlines several special resolutions requiring shareholder approval. These include the appointment of Mr. Satyanarayan Gangadhar Kurry and Mrs. Radha Chotalia as Non-Executive Non-Independent Directors. Both were initially appointed as Additional Directors by the Board based on recommendations from the Nomination and Remuneration Committee.

Additionally, shareholders will vote on the appointment of Ms. Jyoti Shinde as Manager of the company for a five-year term effective April 1, 2026. Ms. Shinde currently serves as Chief Financial Officer. Her appointment follows the resignation of Mr. Chandra Kant Khaitan from the roles of Manager and CFO.

The meeting will also seek approval for related party transactions for the financial years 2026-2027 and 2027-2028. Estimated aggregate transaction values with related parties include ₹5 crore each with West Pioneer Properties (India) Private Limited and Houghton Hardcastle (India) Private Limited.

Financial Performance

For the year ended March 31, 2026, the company reported a total revenue of ₹73.28 lakh, down from ₹77.98 lakh in the previous year. Despite the revenue decline, profitability improved significantly. Net profit after tax stood at ₹5.42 lakh, compared to a loss of ₹4.04 lakh in the prior year.

The improvement in profitability was driven by an increase in revenue from service sales, which rose from ₹47.40 lakh to ₹56.50 lakh. Employee benefits expense also decreased from ₹63.82 lakh to ₹56.03 lakh, contributing to lower operating expenses.

What the Numbers Show

While revenue from operations declined slightly, the shift in revenue mix toward higher-margin services improved overall profitability. Service revenue grew 19% YoY, offsetting a decline in net gains on fair value changes from investments, which fell from ₹29.48 lakh to ₹16.52 lakh. This structural change allowed the company to turn profitable despite lower total income.

Corporate Governance Updates

The Board reported changes in key managerial personnel and directors during the year. Mr. Nitin Mhatre resigned as Executive Director in October 2025. Ms. Bhaviika Jain was appointed as Company Secretary & Compliance Officer in January 2026, succeeding Mr. Vaibhav Dodia.

The Audit Committee and Nomination & Remuneration Committee have been reconstituted effective April 1, 2026, following the resignation of Mrs. Smita Achrekar and the appointment of Mrs. Radha Chotalia. The company continues to operate as a Core Investment Company (CIC) exempt from RBI registration.