Notice of Sixth Annual General Meeting of the Company to be held on September 19, 2025
THELEELA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Schloss Bangalore Limited, which operates The Leela brand of luxury hotels, has issued the notice for its 6th AGM on Friday, September 19, 2025, at 11:00 AM via video conferencing. Key items up for shareholder approval include: (1) adoption of audited standalone and consolidated financial statements for FY25; (2) re-appointment of Mr. Anuraag Bhatnagar as director, who retires by rotation; (3) re-appointment of B S R & Co. LLP as statutory auditors for a second 5-year term (till FY 2030-31), with proposed audit fees of INR 4.50 million for FY 2025-26; (4) appointment of Makarand M. Joshi & Co. as secretarial auditors for 5 years (FY 2025-26 to FY 2029-30); and (5) a special resolution to change the company name from 'Schloss Bangalore Limited' to 'Leela Palaces Hotels & Resorts Limited' along with changes to the MoA and AoA. Remote e-voting window is September 15-18, 2025, with cut-off date of September 12, 2025.
The most material item for shareholders is the proposed name change to 'Leela Palaces Hotels & Resorts Limited', which aligns the legal entity with the well-known consumer-facing 'The Leela' brand. The re-appointment of B S R & Co. LLP — a top-tier audit firm with hospitality sector experience — and higher audit fees (INR 4.50 million vs INR 2.21 million paid in FY25) reflect a growing, more complex audit scope. None of the resolutions are expected to materially affect share price; they are largely routine governance and branding items.