Pursuant to Regulation 30 and 34 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the 82nd Annual General Meeting ....
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Best Eastern Hotels Ltd has filed its 82nd Annual Report for FY 2024-25 along with the notice of its Annual General Meeting (AGM) scheduled on Friday, 29th August 2025 at 3:00 p.m. via video conferencing. Total revenue stood at Rs. 637.60 lakhs, marginally up from Rs. 622.09 lakhs in the previous year. However, profit before tax plunged sharply to just Rs. 0.34 lakh from Rs. 22.17 lakh last year, mainly due to higher input costs. The company has not declared any dividend on equity shares, but will pay a 10% dividend on its 10% Cumulative Non-Convertible Redeemable Preference Shares. AGM business includes re-appointment of Mrs. Neelam Kothari (retiring by rotation), appointment of Ms. Jenny Vijaykar as Independent Director for 5 years, and appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditor for 5 years from FY 2025-26 to FY 2029-30.
Shareholders should note the sharp drop in profitability and absence of equity dividend for FY25. The remote e-voting window opens on 26th August and closes on 28th August 2025, with cut-off date of 22nd August 2025 for determining voting eligibility.