91st Annual Report of Emerald Leisures Limited for the period of 31.03.2025. Revised attached due to clerical mistake, Membership number of the Secretarial Auditor was wrong mentioned ....
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Emerald Leisures Ltd, which operates the premium Club Emerald sports and lifestyle complex in Chembur, Mumbai, has filed its revised 91st Annual Report for FY 2024-25 along with the notice for its AGM, scheduled for 30th September 2025 at 11:30 AM via video conferencing. The revision was made to correct a clerical error in the Secretarial Auditor's membership number. The AGM notice seeks approval for several key items including adoption of standalone and consolidated financial statements, re-appointment of directors Mr. Jaydeep Mehta and Ms. Dhwani Mehta (retiring by rotation), re-appointment of Mr. Rajesh Loya as Whole Time Director for 5 years, regularization of three new Independent Directors, and appointment of Zankhana Bhansali & Associates as Secretarial Auditor. A notable resolution is the approval for related party transactions up to Rs. 500 crore over a 15-month period. The Chairman's message highlights strong hospitality sector recovery and announces plans to set up a real estate development division, described as a potential game changer for future revenues.
Shareholders should note the large Rs. 500 crore related party transaction cap being sought, which is significant relative to the company's scale and warrants attention at the AGM. The planned real estate development division, if approved and executed well, could open a new growth vertical beyond the core hospitality business, but adds execution risk for a company historically focused on club operations.