Pecos Hotels & Pubs Limited Announces Final Dividend and Holds 20th Annual General Meeting

2 min read Updated on 06 Aug 2025, 03:45 PM

Reviewed by

Ashish ThakurScanX News Team

Overview

Pecos Hotels & Pubs Limited held its 20th Annual General Meeting, declaring a final dividend of Rs. 3.50 per equity share for FY 2025. The dividend payment date is set for August 12, 2025, with a record date of July 30, 2025. The AGM approved financial statements, re-appointed directors and auditors, and set remuneration for key executives. Mr. Liam Norman Timms, Whole Time Director, will receive Rs. 1,30,000 monthly, while Mr. Pradosh Dhanraj, Director, will get Rs. 69,000 monthly plus a travel allowance. M/s. Phillipos & Co. were re-appointed as Statutory Auditors for five years, and Mr. Pramil Dev was appointed as Secretarial Auditor for five years.

*this image is generated using AI for illustrative purposes only.

Pecos Hotels & Pubs Limited recently held its 20th Annual General Meeting (AGM) and made several key announcements, including the declaration of a final dividend for the financial year ended March 31, 2025.

Dividend Announcement

The company has declared a final dividend of Rs. 3.50 per equity share with a face value of Rs. 10 for the financial year ended March 31, 2025. This dividend was recommended by the Board of Directors in their meeting held on July 9, 2025, and subsequently approved by shareholders at the AGM.

Pecos Hotels & Pubs Limited has set August 12, 2025, as the payment date for the final dividend. Shareholders registered as of the record date, July 30, 2025, will be eligible to receive the dividend. The company plans to distribute dividends electronically to members with Electronic Clearing Service (ECS) mandates. For shareholders without electronic payment facilities, dividend warrants, drafts, or cheques will be sent in due course.

Annual General Meeting Highlights

The 20th AGM of Pecos Hotels & Pubs Limited was held on August 6, 2025, at the company's corporate office in Bangalore. Key resolutions passed during the meeting include:

Adoption of financial statements for the year ended March 31, 2025
Declaration of the final dividend
Re-appointment of Mr. Pradosh Dhanraj as a director
Re-appointment of M/s. Phillipos & Co. as Statutory Auditors for a second term of five years
Appointment of Mr. Pramil Dev as Secretarial Auditor for a term of five years
Approval of remuneration for Mr. Liam Norman Timms, Whole Time Director
Approval of remuneration for Mr. Pradosh Dhanraj, Director

Executive Remuneration

The shareholders approved the remuneration packages for two key executives:

Mr. Liam Norman Timms (Whole Time Director)

Monthly remuneration: Rs. 1,30,000
Effective from April 1, 2025

Mr. Pradosh Dhanraj (Director)

Monthly remuneration: Rs. 69,000
Travel allowance: Rs. 5,000 per month
Effective from April 1, 2025

Both executives will also be eligible for other benefits applicable to company employees.

Auditor Appointments

The company has re-appointed M/s. Phillipos & Co., Chartered Accountants, as Statutory Auditors for a second term of five consecutive years, from the conclusion of the 20th AGM until the 25th AGM to be held in 2030.

Additionally, Mr. Pramil Dev, Company Secretary, has been appointed as the Secretarial Auditor for a term of five consecutive years, from the financial year 2025-26 to 2029-30.

The AGM, chaired by Mr. Shanthi Kiran Bulla, concluded with the passage of all proposed resolutions, reflecting shareholder confidence in the company's management and future direction.

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