Sri Havisha Hospitality and Infrastructure Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 20, 2025
HAVISHA · price
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Sri Havisha Hospitality and Infrastructure Limited has called its 32nd Annual General Meeting on Saturday, September 20, 2025 at 5:30 PM, to be held via video conferencing. Ordinary business includes adoption of FY25 audited financials and re-appointment of Mr. Dharmin Dontamsetti as a director retiring by rotation. Special business includes re-appointment of Mr. Abhaya Shankar as Independent Director for 5 years (till September 19, 2030), revalidation of the issue of 1,50,00,000 sweat equity shares of Rs 2 each (less than 5% of paid-up capital) to CMD Mr. Venkat Manohar Dontamsetti as non-cash consideration for his value addition, approval for material related party transactions with Mr. Dontamsetti, and appointment of M/s. Krishna Kumar & Associates as Secretarial Auditor for 5 years (FY26 to FY30). The company cited Mr. Manohar's role in turning it around from Rs 100 crore accumulated losses to profitability and securing a 30-year renewal of the Begumpet airport land lease as justification for the sweat equity grant. E-voting runs from September 17 to September 19, 2025 with the cut-off date being September 12, 2025.
Shareholders should evaluate the sweat equity issue to the CMD (potential dilution of roughly under 5%) and the related party transaction approvals, as they directly affect promoter remuneration and dilution. Investors wanting to vote must ensure their shares are held as of September 12, 2025 and cast votes by September 19, 2025.