LGT Global Hospitality Ltd (544489)

LGT Global Hospitality announced the voting results for its Annual General Meeting held on September 30, 2026. A total of 12 resolutions were approved with 100% votes polled in favour across all items. Key resolutions passed include the declaration of a final dividend for FY26, revision of the timeline for utilising IPO proceeds, related party transactions, and authorizations for loans/investments under Sections 185 and 186. Total voting participation stood at 73.31% of outstanding shares for non-interested promoter-backed resolutions.

• All 12 resolutions passed with 100% favourable votes among votes cast
• Overall voter turnout was 73.31% (68,71,299 votes polled out of 93,72,800 outstanding shares) on general resolutions
• Shareholders approved the revision of the timeline for utilisation of IPO proceeds (Resolution 10)
• Approved related party transactions and loans/investments under Sections 185 and 186, where interested promoters abstained (1,28,305 public votes polled)
• Dividend declared for the financial year ended March 31, 2026 (exact amount per share not disclosed in document)

LGT Global Hospitality Limited announced that shareholders approved a final dividend of Rs 0.25 per equity share (face value Rs 10) for FY26 at its Annual General Meeting on September 30, 2026. The shareholders also approved the re-appointment of three Whole-Time Directors—Mr. Tijo Mathew Kurisummoottil, Mr. Sivaji Gollapelli, and Mr. Ramesh Raja—who retired by rotation. The dividend payout represents 2.5% of the face value per share.

• Approved final dividend of Rs 0.25 per equity share of Rs 10 each for FY26
• Dividend rate stands at 2.5% on the face value of Rs 10
• Shareholder approval granted at the AGM held on September 30, 2026
• Re-appointed three Whole-Time Directors retiring by rotation: Tijo Mathew Kurisummoottil, Sivaji Gollapelli, and Ramesh Raja

LGT Global Hospitality Limited announced the outcomes of its Annual General Meeting held on September 30, 2026. Shareholders approved the re-appointment of three Whole-Time Directors retiring by rotation: Mr. Tijo Mathew Kurisummoottil, Mr. Sivaji Gollapelli, and Mr. Ramesh Raja, all effective September 30, 2026. Additionally, a final dividend of Rs 0.25 per equity share of face value Rs 10 was declared for the financial year ended March 31, 2026. The re-appointments maintain continuity of executive leadership without any break in office.

• Re-appointment of Whole-Time Directors Tijo Mathew Kurisummoottil, Sivaji Gollapelli, and Ramesh Raja approved at AGM
• All three directors were originally appointed on November 11, 2024, with re-appointments effective September 30, 2026
• Approved final dividend of Rs 0.25 per equity share of Rs 10 face value for FY26
• AGM held and concluded on September 30, 2026

LGT Global Hospitality Limited has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026. The company confirmed that the ₹21.92 Crores raised through its IPO on August 22, 2025, is being utilized strictly according to the objects stated in the offer document. The monitoring agency, Infomerics Ratings Limited, and the company's Audit Committee have reviewed the utilization and reported no deviations. The funds are primarily earmarked for capital expenditure, including corporate offices, a cloud ERP system, and a customer care center.

• Net proceeds of ₹21.92 Crores were raised via an Initial Public Offering (IPO) on August 22, 2025.
• Zero deviation or variation reported in the utilization of funds for the quarter ended June 30, 2026.
• Monitoring agency Infomerics Ratings Limited has reviewed and confirmed the fund usage status.
• Funds are designated for Capital Expenditure including Corporate Offices, Cloud ERP, and a Customer Care Centre.