The Indian Hotels Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 07, 2025. Further, the company has informed the Exchange regarding voting results.
INDHOTEL · price
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The Indian Hotels Company Limited (IHCL, operator of Taj, SeleQtions, Vivanta and Ginger brands) submitted the voting results and scrutinizer's report for its 124th AGM held on July 7, 2025 via video conferencing. All 5 resolutions were passed with the requisite majority. The key resolutions covered: (1) adoption of audited standalone financial statements (99.997% in favor), (2) adoption of audited consolidated financial statements (99.997% in favor), (3) declaration of a dividend on equity shares for FY25 (99.997% in favor), (4) re-appointment of Mr. N. Chandrasekaran as Director retiring by rotation (96.48% in favor, 3.52% against — notably, public institutions voted 7.16% against), and (5) appointment of secretarial auditors as a special resolution (99.93% in favor). Roughly 78–79% of outstanding shares (about 1.12–1.25 billion shares) were polled, indicating strong shareholder participation.
All routine AGM business was approved cleanly, with the dividend declaration being a positive for shareholders. The 3.5% dissent (and 7.2% from institutional investors) against N. Chandrasekaran's re-appointment is worth flagging but unlikely to materially affect the stock, as his re-appointment was comfortably passed.