Submission of Revised Scrutinizer''s report and Voting results of the 7th Annual General meeting of the Company
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Sayaji Hotels (Indore) Ltd held its 7th AGM on September 17, 2025 via video conferencing. The company has now filed a revised scrutinizer's report and voting results after correcting a clerical error in its original September 18 submission. All 5 resolutions were passed with 100% votes in favour, with 85.17% of total shares (25.94 lakh out of 30.46 lakh) participating in voting. Key items included adoption of FY25 audited financial statements, re-appointment of Mrs. Suchitra Dhanani as director (promoters excluded from this vote), and appointment of CS Anuj Nema as secretarial auditor for 5 years. Two special resolutions also passed: increasing the company's borrowing limit under Section 180(1)(c) to Rs. 200 crore, and approving financial assistance (loans, guarantees, or security) up to Rs. 50 crore under Section 185. Out of 2,715 shareholders on the record date, 35 attended the AGM via video conferencing.
Unanimous approval on all 5 resolutions signals strong shareholder alignment with management. The higher borrowing ceiling (Rs. 200 crore) and permission to extend up to Rs. 50 crore in loans/guarantees to related parties indicate potential expansion plans or support to group entities, which investors should watch for in upcoming disclosures.