Proceeding of Annual General Meeting
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Emerald Leisures held its 91st AGM on September 30, 2025, via video conferencing from 11:30 AM to 11:52 AM. A total of 28 members holding 95,75,692 equity shares participated. Chairman Mr. Jaydeep Vinod Mehta briefed shareholders on hotel industry trends, FY25 performance, and growth plans. Nine resolutions were passed via e-voting, including adoption of FY25 financial statements, re-appointment of Mr. Jaydeep Mehta and Ms. Dhwani Mehta as directors, re-appointment of Mr. Rajesh Loya as Whole Time Director, regularisation of three new Independent Directors (Mr. Ramaswamy Vaidyanath, Mr. Vaibhav Agarwal, and Mr. Aniruddha Joshi), appointment of M/s Zankhana Bhansali & Associates as Secretarial Auditor, and approval for revision in material related party transactions up to Rs. 500 crores (Special Resolution). Both Statutory and Secretutory Auditor reports were clean with no qualifications.
The approval of related party transactions up to Rs. 500 crores is a significant development for shareholders to monitor, as it expands the company's flexibility in related-party dealings. The induction of three new independent directors and re-appointment of key executives suggest board continuity and governance refresh, generally supportive of long-term stability.