The Indian Hotels Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 07, 2025
INDHOTEL · price
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Awaiting price reaction for this filing.
Indian Hotels Company Limited (IHCL) has issued the notice for its 124th Annual General Meeting, to be held on Monday, July 7, 2025, at 2:30 p.m. IST via Video Conferencing / Other Audio-Visual Means. The record date for determining dividend eligibility is Monday, June 30, 2025. Subject to shareholder approval, the company proposes a final dividend of ₹2.25 per equity share of ₹1 face value (225%) for FY2024-25, with payment scheduled on or after Friday, July 11, 2025. Ordinary business items include adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointment of Mr. N. Chandrasekaran (DIN: 00121863) as director, who retires by rotation. Special business includes the appointment of M/s. Neville Daroga & Associates as Secretarial Auditors for a five-year term from FY2025-26 to FY2029-30. Remote e-voting will be open from July 3, 2025 (9:00 a.m.) to July 6, 2025 (5:00 p.m.).
Shareholders on the register as of June 30, 2025 will be eligible for the proposed ₹2.25 per share dividend. The re-appointment of Mr. N. Chandrasekaran (Tata Sons Chairman) and appointment of Neville Daroga & Associates as Secretarial Auditors are largely procedural and indicate continuity in governance. As this is a routine AGM notice, it is unlikely to have a material impact on the stock price on its own, though the dividend quantum and AGM voting outcomes on key resolutions are worth tracking.