Chalet Hotels Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2025. Further, the company has informed the Exchange regarding voting results.
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Chalet Hotels Limited has submitted the voting results and scrutiniser's report for its Annual General Meeting held on August 8, 2025. Out of 21,85,80,415 outstanding equity shares, 94.25% were polled, with all 7 resolutions approved by the required majority. Key approvals include the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025 (both passed with 100% in favour), re-appointment of Dr. Sanjay Sethi as Director (99.88% in favour), appointment of Mr. Manish Chokhani as Independent Director (91.81% in favour, with notable 28.82% dissent from institutional investors), appointment of M/s. KDA & Associates as Secretarial Auditors (99.98% in favour), and approval to raise funds through issue of debt securities on a private placement basis (100% in favour). The filing also notes that 90,000 equity shares were allotted under the CHL Employee Stock Option Plan 2022 on July 31, 2025.
All AGM resolutions were passed comfortably, signaling routine shareholder approval of management's proposals. The approval to raise debt securities on a private placement basis gives the company flexibility to fund growth or refinance liabilities without diluting equity. The notable dissent (~29%) from institutional investors on the appointment of Mr. Manish Chokhani as Independent Director is a minor point of contention but did not affect the outcome.