Revised Submission of the Scrutinizer''s Report and Voting Result of the 7th Annual General Meeting of the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sayaji Hotels (Pune) Ltd held its 7th AGM on 17th September 2025 via video conferencing and all 6 resolutions were passed with near-unanimous approval (about 99.9999% in favor). The resolutions covered adoption of standalone and consolidated financial statements for FY ended 31st March 2025, re-appointment of Mr. Raoof Razak Dhanani as director (retiring by rotation), appointment of M/s Reena Bansal & Associates as secretarial auditor for 5 years, increasing the company's borrowing limit to Rs. 200 crores under Section 180(1)(c), and approving financial assistance by way of loans, guarantees or security up to Rs. 200 crores to subsidiaries, associates, joint ventures or group entities under Section 185. Voting turnout was around 86.88% with 2,869 shareholders on record date. This is a revised submission filed on 20th September 2025 due to a clerical error in the earlier report submitted on 18th September 2025.
The approved increase in borrowing limit and authority to extend financial assistance to group entities give the company greater flexibility for expansion funding and inter-group support. Shareholders should note that the Section 185 resolution involves lending/guarantees to related parties (group entities), which warrants continued monitoring for the terms and counterparties involved.