Report of Scrutinizer Dated 30th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
West Leisure Resorts Ltd held its 17th AGM on 30th September 2025, with 8 shareholders (out of 571 on record date) attending in person. All four resolutions were approved. Resolution 1: Adoption of audited financial statements for FY ending March 31, 2025 passed unanimously with 21,97,082 votes (100%) in favor. Resolution 2: Declaration of a 1% dividend (Re 0.10 per share on 30,53,337 equity shares) was also passed with 100% votes in favor; promoters were interested but voted in favor. Resolution 3: Re-appointment of Mr Nitin Mhatre (DIN: 08294405) as Director was approved with 99.82% in favor (21,93,094 vs 3,988 against). Resolution 4: Approval of Material Related Party Transactions for FY 2025-26 and 2026-27 passed with 85.15% in favor (22,866 vs 3,988 against); notably, the promoter group (holding 21,70,228 shares, ~71% of equity) abstained from voting on this RPT resolution since they were an interested party, so only public shareholders' votes were counted.
Shareholders will receive a small dividend of Re 0.10 per share (1% on face value of Rs 10). The RPT resolution had a notably low turnout (only ~3% of public shares voted), but it still passed comfortably. The abstention by promoters on the RPT resolution is a standard governance practice for related-party items, but retail investors should note that the actual voting base for this resolution was very thin.