Samhi Hotels Limited has informed the Exchange regarding the Notice (including e-Voting instructions) convening the 15th (fifteenth) Annual General Meeting ("AGM") of the members of the Company, scheduled to be held through Video Conferencing ("VC")/ ("OAVM") on Monday, 04th August 2025 at 11:00 a.m. (IST), which is enclosed for your information & records.
SAMHI · price
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Samhi Hotels has issued the notice for its 15th Annual General Meeting, scheduled for Monday, August 4, 2025 at 11:00 a.m. (IST) to be held through video conferencing. Shareholders will consider adopting the standalone and consolidated audited financial statements for FY25, re-appointing Mr. Ajish Abraham Jacob (Non-Executive Non-Independent Director) who retires by rotation, and approving the appointment of new auditors. The company proposes appointing M/s. Walker Chandiok & Co. LLP as Statutory Auditors for a 5-year term (15th to 20th AGM), replacing retiring M/s. BSR & Co. LLP, at a lower proposed fee of about Rs. 30 million versus Rs. 43.66 million paid to the outgoing auditor. M/s. T. Sharad & Associates is proposed as Secretarial Auditors for 5 years with a Rs. 3.50 lakh fee for FY25. Remote e-voting runs from July 31 to August 3, 2025, with a cut-off date of July 28, 2025, and NSDL is the e-voting agency.
This is a routine AGM notice with no immediate operational or financial impact. The proposed change in statutory auditor brings a notable reduction in audit fees (about 31% lower than the incumbent), which shareholders may view positively on costs, though some may seek clarity on the rationale given Walker's past association with the company. Investors should track the voting outcomes, particularly the auditor appointments.