Apeejay Surrendra Park Hotels Limited has informed the Exchange regarding Voting Results and Scrutinizer Report pertaining to 37th Annual General Meeting
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Apeejay Surrendra Park Hotels held its 37th AGM on September 26, 2025 via video conferencing, where all five resolutions were passed with the required majority. The resolutions included adoption of audited financial statements for FY25 (99.99% in favor), declaration of dividend for FY25 (99.99% in favor), re-appointment of Ms. Priya Paul as Director (97.39% in favor), appointment of Secretarial Auditors (99.86% in favor), and approval of remuneration for Non-Executive Director Mr. Karan Paul via special resolution (95.55% in favor). Voting turnout was around 80.19% of outstanding shares, with promoters (holding ~14.54 crore shares, or 68% stake) voting unanimously in favor on all resolutions. Notably, public institutional investors showed meaningful dissent on Resolution 3 (17.57% against re-appointment of Priya Paul) and Resolution 5 (29.86% against Karan Paul's remuneration), which is uncommon for routine AGM items.
All routine AGM items were approved, confirming the dividend and director appointments, which is neutral to slightly positive for shareholders. The notable institutional dissent on the related-party remuneration of Karan Paul and re-appointment of promoter director Priya Paul may signal some governance concerns from large investors, though resolutions still passed comfortably.