Enclosed herewith Proceeding of the AGM held on 29.09.2025 through VC/OAVM.
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Phoenix Township Limited (now being renamed to HBG Hotels Ltd) held its 32nd AGM on September 29, 2025 via video conference. Shareholders approved the standalone and consolidated financial statements for FY ended March 31, 2025. A final dividend of 15% (Rs 0.15 per equity share) and 1% (Rs 0.10 per preference share) was declared. Key special resolutions included re-appointment of Samit P. Hede as Managing Director from October 1, 2025, continuation of two directors beyond age 75, approval of the company name change to HBG Hotels Limited, and appointment of Kothari H. & Associates as Secretarial Auditor for a five-year term. The meeting was attended by 22 members (6 promoter group, 14 public, and 2 others) and concluded in 20 minutes.
Positive for shareholders — confirms dividend payout and signals continuity in management with the Managing Director's re-appointment. The rebranding to HBG Hotels Ltd reflects a sharper hospitality-focused identity, and the new secretarial auditor appointment is routine governance housekeeping.