Samhi Hotels Limited has informed the Exchange regarding the summary of proceedings of the 01st extraordinary general meeting ("EGM") of the members of the Company for the financial year 2025-26 held today, i.e., on Tuesday, the 20th day of May 2025 at 11:00 a.m. (IST) through video conferencing (''VC''), which are enclosed for your kind information & records.
SAMHI · price
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Samhi Hotels held its first Extraordinary General Meeting (EGM) for FY 2025-26 on Tuesday, May 20, 2025, at 11:00 AM via video conferencing, which concluded in just 10 minutes at 11:10 AM. The only agenda item was an Ordinary Resolution approving transactions relating to identified subsidiaries of the company, which the Chairman said was connected to the GIC transaction (GIC being Singapore's sovereign wealth fund and a known major investor in Samhi). Remote e-voting was open from May 17 to May 19, 2025, and Advocate Abhishek Bansal was appointed as Scrutinizer. Voting results are yet to be declared and will be shared within two working days, along with the Scrutinizer's report.
The EGM appears to have been a procedural step to seek shareholder approval for transactions with subsidiaries linked to GIC, an important existing investor. The short 10-minute meeting and absence of any reported objections suggest a smooth process, but investors should wait for the actual voting results to confirm shareholder approval before drawing conclusions.