With reference to the captioned subject and an email received from Listing Compliance Monitoring Team of BSE Limited dated 08/09/2025 seeking clarifications on delayed submissions of the ....
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Best Eastern Hotels Ltd held its 82nd Annual General Meeting on 29th August 2025 at 3:00 PM via video conferencing, which concluded at 3:21 PM. The company delayed submitting the AGM proceedings to BSE — filing them within 24 hours instead of the required 12 hours — due to the non-availability of staff and directors during the Ganesh Chaturthi festival. The company called the delay unintentional and has resubmitted the proceedings along with an apology. The AGM covered adoption of FY25 audited financials, declaration of a 10% dividend on 10% Cumulative Non-Convertible Redeemable Preference Shares, re-appointment of a rotating director, appointment of a new Independent Director, and appointment of a Secretarial Auditor for five years (FY26–FY30).
This is a minor compliance lapse with no financial or operational impact on shareholders. The Statutory Auditor's Report had no qualifications, and all agenda items were passed with requisite majority. No material effect on the stock is expected.