Royal Orchid Hotels Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
ROHLTD · price
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Royal Orchid Hotels held its 39th AGM on September 25, 2025 via video conferencing, chaired by Chander K. Baljee, lasting about 53 minutes. Five ordinary resolutions were tabled, including adoption of FY25 audited financial statements, declaration of a final dividend of Rs 2.5 per equity share, re-appointment of director Keshav Baljee, re-appointment of Walker Chandiok & Co LLP as statutory auditors for a second five-year term, and appointment of V. Sreedharan and Associates as secretarial auditors. The statutory audit report contains one audit qualification, which was read out and explained to members by CFO Amit Jaiswal. Voting results and the scrutinizer's report will be filed separately within two days. The original scrutinizer, G. Shankar Prasad, resigned on September 24, 2025 due to personal reasons, and Kiran Desai was appointed as the new scrutinizer via circular resolution just a day before the AGM.
The audit qualification is a point of concern and shareholders should review it carefully. The Rs 2.5 dividend is modest, and the last-minute change of scrutinizer is unusual though attributed to personal reasons. The meeting outcome itself was routine, with no major strategic announcements likely to move the stock significantly.