Robust Hotels Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 21, 2025
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Robust Hotels Limited held its 18th AGM on August 21, 2025 via video conferencing, where 6 resolutions were passed with overwhelming shareholder approval. Out of 8,213 shareholders on the cut-off date, 13,094,427 votes were polled representing 75.73% of outstanding shares. All resolutions passed with more than 99.9% approval, including adoption of audited financial statements, re-appointment of Mr. Arun Kumar Saraf as director, re-appointment of Mr. Mahendran S as Manager (remuneration not exceeding Rs. 16 lakh per annum until Sept 30, 2026), and re-appointment of Mr. Pawan Kumar Sikka as Non-Executive Independent Director for a second 2-year term. The meeting also approved the appointment of M/s. V. Mahesh & Associates as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), and an increase in the Related Party Transaction limit with Novak Hotels Private Limited from Rs. 175 crores to Rs. 250 crores, valid for 2 years. Promoters holding 11,349,179 shares abstained from voting on the related party transaction resolution as required.
All standard AGM items were approved with near-unanimous support, indicating no shareholder dissent on routine matters. The increase in related party transaction limit with Novak Hotels Private Limited from Rs. 175 crores to Rs. 250 crores is the most material item, though it still passed with 99.93% approval. No negative price action expected as the results reflect smooth governance and lack of activist opposition.