EIH Associated Hotels Limited has informed the Exchange about Shareholders meeting
EIHAHOTELS · price
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EIH Associated Hotels Limited (part of the Oberoi Group) held its 42nd AGM on 4 August 2025 via video conferencing, where all 6 ordinary resolutions were passed with overwhelming majority. Shareholders approved the audited financial statements for FY ending 31 March 2025 with 99.9984% votes in favor. A dividend of Rs. 3.50 per equity share (face value Rs. 10) for FY25 was approved with 99.9985% support. Mr. Akshay Rajan Raheja was re-appointed as a director (retiring by rotation), Mr. Vikramjit Singh Oberoi was re-appointed as Managing Director for another 5-year term, and M/s Chandrasekaran Associates was appointed as Secretarial Auditor for up to 5 years. Material related party transactions with EIH Limited (the parent/promoter group company) were also approved.
The Rs. 3.50 per share dividend is a direct cash benefit for shareholders. The re-appointment of Mr. Vikramjit Singh Oberoi as MD provides leadership continuity, and approval of related party transactions with EIH Limited confirms continued inter-group business arrangements. All resolutions passed with near-unanimous support (over 99.9%), indicating strong shareholder alignment with management's direction.