Lords Ishwar Hotels Addresses BSE's GSM Stage 1 Inclusion, Affirms Regulatory Compliance

Lords Ishwar Hotels Limited has responded to the Bombay Stock Exchange's (BSE) recent inclusion of its equity shares under the Graded Surveillance Measure (GSM) Stage 1. The company has issued a clarification, emphasizing its continued compliance with regulatory requirements and transparency in its operations.

Key Points from Lords Ishwar Hotels' Statement

No Material Changes: The company stated that there have been no significant changes or developments in its operations that could have triggered unusual price or trading volume movements in its equity shares.
Regulatory Compliance: Lords Ishwar Hotels affirmed its full compliance with all applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Timely Disclosures: The company emphasized that all material information and events have been disclosed to the Exchange in a timely and transparent manner.
Routine Surveillance: Management believes that the inclusion under GSM Stage 1 is part of BSE's routine surveillance mechanism rather than due to any specific non-compliance or irregularity.

Company's Commitment

Lords Ishwar Hotels reiterated its commitment to maintaining high standards of corporate governance and stakeholder communication. The management assured investors of their dedication to upholding transparency and proactive communication.

Understanding GSM Stage 1

The Graded Surveillance Measure (GSM) is a framework implemented by stock exchanges to enhance monitoring of securities that witness an abnormal price rise not commensurate with financial health and fundamentals of the company. Stage 1 is typically the initial level of enhanced monitoring.

Investor Implications

While the GSM Stage 1 inclusion may raise initial concerns, Lords Ishwar Hotels' prompt clarification aims to reassure stakeholders. Investors are advised to monitor further communications from the company and the exchange for any additional developments.

The company's response was signed by Mahima Jariwala, the Company Secretary (ACS-75636), underscoring the official nature of the clarification.

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+4.96%	+3.78%	-8.58%	-2.93%	+6.80%	+399.43%

Lords Ishwar Hotels Limited, a prominent player in the hospitality sector, has announced a significant addition to its board of directors. The company has appointed Mr. Adityabhai Jagdishbhai Joshi as an Independent Director for a five-year term, starting from September 10, 2025, to September 9, 2030.

Shareholder Approval and Board Meeting

The appointment was approved by shareholders at the company's 39th Annual General Meeting (AGM) held on September 9, 2025. The AGM, conducted through video conferencing and other audio-visual means, saw the participation of key company officials, including Mr. Pushpendra Bansal, Managing Director, and Mrs. Sangita Bansal, Director.

Adityabhai Joshi's Profile

Mr. Joshi brings a wealth of experience to his new role at Lords Ishwar Hotels Limited. With over ten years of experience in advocacy services, he specializes in civil and commercial matters. His expertise is expected to contribute significantly to the company's legal strategy and regulatory compliance efforts.

Current Directorships

Prior to this appointment, Mr. Joshi has been serving as an Independent Director on the boards of other listed companies, including Bindal Exports Limited and Shah MetaCorp Limited. This diverse experience across different sectors is likely to provide valuable insights to Lords Ishwar Hotels Limited.

Regulatory Compliance

In compliance with regulatory requirements, Lords Ishwar Hotels Limited has confirmed that Mr. Joshi is not debarred from holding directorship by the Securities and Exchange Board of India (SEBI) or any other authority. The company has also clarified that he is not related to any existing directors or key managerial personnel of the company.

Other AGM Proceedings

The 39th AGM also saw other significant developments:

Appointment of Secretarial Auditors: M/s. Nandaniya Joshi & Associates, Practicing Company Secretaries, were appointed for a five-year term.
Financial Statements: The statements for the year ended March 31, 2025, were presented for adoption.
Director Appointment: Mrs. Sangita Pushpendra Bansal was appointed as a Director liable to retire by rotation.

Conclusion

The appointment of Mr. Adityabhai Jagdishbhai Joshi as an Independent Director marks a strategic move for Lords Ishwar Hotels Limited. His legal expertise and experience in corporate governance are expected to strengthen the company's board and contribute to its future growth and compliance strategies in the competitive hospitality sector.