Please find enclosed the voting results of AGM held on 21st August 2025.
RHL · price
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Robust Hotels Ltd (operator of Hyatt Regency Chennai) held its 18th AGM on 21st August 2025 via video conferencing, with 8,213 shareholders on record. Total voting turnout was 75.73% of outstanding shares (1,30,94,427 shares). All 6 resolutions were passed with overwhelming approval (over 99.9% in favour each). Key items included adoption of FY25 audited financials, re-appointment of Mr. Arun Kumar Saraf as Director (retiring by rotation), re-appointment of Mr. Mahendran S as Manager with remuneration up to Rs. 16 lakh per annum, and re-appointment of Mr. Pawan Kumar Sikka as Independent Director for a second 2-year term (Sept 2025 to Sept 2027).
Shareholders approved raising the Related Party Transaction limit with Novak Hotels Private Limited from Rs. 175 crore to Rs. 250 crore (over 2 years), giving the board more flexibility for transactions with this related party. The meeting was largely procedural with no negative surprises, though the enhanced RPT limit is worth noting for minority shareholders monitoring related-party exposure.