Submission of Scrutinizer''s report and Voting Results of 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, where all 5 resolutions were passed. The resolutions covered: (1) adoption of FY25 audited financial statements, (2) re-appointment of Mrs. Suchitra Dhanani as a director (retiring by rotation) which received 88.26% approval after 284,167 promoter votes were deemed invalid due to her interest in the resolution, (3) appointment of CS Anuj Nema as Secretarial Auditor for a 5-year term, (4) increase in borrowing limit to Rs. 200 crores under Section 180(1)(c), and (5) approval to provide financial assistance of up to Rs. 50 crores under Section 185. A total of 35 shareholders (7 promoters, 28 public) attended via VC, and 25,94,653 shares were voted with near-unanimous support on all items.
All resolutions cleared with overwhelming support, indicating no material shareholder dissent. The higher borrowing ceiling (Rs. 200 crores) and the Rs. 50 crore financial assistance approval under Section 185 give the company significant funding flexibility, which may point to upcoming expansion, capex, or support to group entities — worth monitoring for any large borrowings or related-party transactions ahead.