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HLV MD, chairman, board of directors and AGM

NSE: HLVLTDBSE: 500193Leisure ServicesSmall Cap

Formerly Hotel Leela Venture
Last close ₹5.91down ₹0.07 (1.17%)BSE ₹5.92

Share price at the NSE close on 23 Oct 2026. Previous close ₹5.98.

52-week range of traded prices to 23 Oct 2026
₹5.60Low, 30 Mar 2026₹11.71High, 3 Nov 2025
Market cap
₹390 Cr1,808th largest listed
P/E
81.7
P/E without one-offs
50.0
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
1.0%
ROE without one-offs
1.7%
ROCE
−0.5%
Debt to equity
0.02
Volume, NSE
2,35,51766.2% delivered

HLV board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorVivek Krishnan NairRelated to the promoter
  • Managing directorDinesh Krishnan Nair
  • Company Secretary and Compliance OfficerSucheta Chaturvedi

9 directors5 independent2 executive2 non-executive

  • Vivek Krishnan Nair · Chairperson and managing directorExecutive · joined Oct 2022 · reappointed Oct 2025 · 1 listed board
  • Dinesh Krishnan Nair · Managing directorExecutive · joined Oct 2022 · reappointed Oct 2025 · 1 listed board
  • Salini Madhu Dinesh NairNon-executive · joined Feb 2020 · reappointed Sep 2020 · 1 listed board · 1 committee seat
  • Amruda Vivek NairNon-executive · joined Mar 2021 · reappointed Aug 2021 · 1 listed board · 1 committee seat
  • Ashok G RajaniIndependent · joined Mar 2021 · reappointed Mar 2026 · 66 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Saija Ramchandran NairIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shereveer Shereyar VakilIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Niranjana UnnikrishnanIndependent · joined Oct 2022 · reappointed May 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Vinay H KapadiaIndependent · joined Nov 2023 · reappointed Nov 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 28 Jul 20268 of 9 present4 independent · 76 days in between
    • 12 May 20269 of 9 present5 independent

  • Audit Committee

    Chair Vinay H Kapadia

    Niranjana Unnikrishnan, Saija Ramchandran Nair, Amruda Vivek Nair

    • 28 Jul 20263 of 4 present2 independent · 76 days in between
    • 12 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Shereveer Shereyar Vakil

    Ashok G Rajani, Vinay H Kapadia, Salini Madhu Dinesh Nair

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Niranjana Unnikrishnan

    Ashok G Rajani, Shereveer Shereyar Vakil, Salini Madhu Dinesh Nair

    • 12 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Ashok G Rajani

    Shereveer Shereyar Vakil, Umesh Narayan Dombe, Salini Madhu Dinesh Nair

    • 28 Jul 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • N.S.Shetty and Co.Peer-review certificate valid to Sep 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

HLV AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.HLV share news and announcements

Annual general meeting, 27 Aug 2026

1,43,503 shareholders on the register on 20 Aug 2026; present: 8 promoters and 72 others; votes counted by Amit Trivedi / RAAM & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.17%

    Turnout: all 38.61% · promoters 98.62% · institutions 0.09% · other public 0.13%

  2. To appoint a Director in place of Ms. Amruda Nair (DIN: 06716791), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 100.00% · other public 28.29%

    Turnout: all 38.61% · promoters 98.62% · institutions 0.09% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 1 resolution

1,48,247 shareholders on the register on 19 Mar 2026; votes counted by AMIT K TRIVEDI / RAAM ASSOCIATES & LLP.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Ashok Girdharidas Rajani DIN 00267748, as a Non Executive Independent Director of the Company, to hold office for a period of 5 years with, effect from 30th March, 2026 to 29th March, 2031.MoreLess
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.20%

    Turnout: all 39.22% · promoters 100.00% · institutions 2.84% · other public 0.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 5 resolutions

1,53,764 shareholders on the register on 16 Sep 2025; present: 8 promoters and 43 others; votes counted by Amit Trivedi / RAAM & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.33%

    Turnout: all 39.20% · promoters 100.00% · institutions 3.10% · other public 0.12%

  2. To appoint a Director in place of Mrs. Salini Madhu Nair (DIN:00011223), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.25%

    Turnout: all 39.20% · promoters 100.00% · institutions 3.10% · other public 0.12%

  3. Appointment of M/s. RAAM & Associates LLP, Company Secretaries (Unique Code No. L2021MH011800), as the Secretarial Auditors of the Company for a term of five (5) consecutive financial years (“FY”) commencing from FY 2025-26 to FY 2029-30MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.21%

    Turnout: all 39.20% · promoters 100.00% · institutions 3.10% · other public 0.12%

  4. Re-appointment of Mr. Vivek Nair (DIN:0005870) aged 73 years as the Chairman & Managing Director of the Company for a further period of five (5) years from 3rd October, 2025 to 2nd October, 2030
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.90%

    Turnout: all 39.20% · promoters 100.00% · institutions 3.10% · other public 0.12%

  5. Re-appointment of Mr. Dinesh Nair (DIN:0006609) as the Co-Chairman & Managing Director of the Company for a further period of five (5) years from 3rd October, 2025 to 2nd October, 2030
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.74%

    Turnout: all 39.20% · promoters 100.00% · institutions 3.10% · other public 0.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2024, 2 resolutions

Present: 7 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.32%

    Turnout: all 43.69% · promoters 100.00% · institutions 3.53% · other public 0.13%

  2. To appoint a Director in place of Ms. Amruda Nair (DIN 06716791), who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 2.09% · other public 3.33%

    Turnout: all 43.69% · promoters 100.00% · institutions 3.53% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vinay Hansraj Kapadia (DIN: 07958301) as an Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.50%

    Turnout: all 49.66% · promoters 99.98% · institutions 0.00% · other public 0.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Aug 2023, 6 resolutions

Present: 7 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.34%

    Turnout: all 49.64% · promoters 99.98% · institutions 0.00% · other public 0.15%

  2. To appoint a Director in place of Mrs. Salini Madhu Nair (DIN 00011223), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.92%

    Turnout: all 49.64% · promoters 99.98% · institutions 0.00% · other public 0.15%

  3. Appointment of Ms. Niranjana Unnikrishnan (DIN: 10140976) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.36%

    Turnout: all 49.64% · promoters 99.98% · institutions 0.00% · other public 0.15%

  4. Re-appointment of Ms. Saija Ramchandran Nair (DIN: 03623949) as an Independent Director for the second term.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.90%

    Turnout: all 49.64% · promoters 99.98% · institutions 0.00% · other public 0.15%

  5. Change in place of keeping registers and records of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.42%

    Turnout: all 49.64% · promoters 99.98% · institutions 0.00% · other public 0.15%

  6. Ratification of related party transactions with Leela Lace Holdings Private Limited, a promoter Group Company.
    OrdinaryPromoters have an interest in it
    97.66% for2.34% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 0.07% · promoters 0.00% · institutions 0.00% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Nov 2022, 5 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vivek Nair (DIN: 00005870) as a Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.14%

    Turnout: all 49.36% · promoters 99.53% · institutions 0.00% · other public 0.04%

  2. Appointment of Mr. Vivek Nair (DIN: 00005870) as Chairman & Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.14%

    Turnout: all 49.36% · promoters 99.53% · institutions 0.00% · other public 0.04%

  3. Appointment of Mr. Dinesh Nair (DIN: 00006609) as a Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.14%

    Turnout: all 49.36% · promoters 99.53% · institutions 0.00% · other public 0.04%

  4. Appointment of Mr. Dinesh Nair (DIN: 00006609) as Co-Chairman & Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.14%

    Turnout: all 49.36% · promoters 99.53% · institutions 0.00% · other public 0.04%

  5. Appointment of Mr. Shereveer Shereyar Vakil (DIN: 08068987) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.48%

    Turnout: all 49.36% · promoters 99.53% · institutions 0.00% · other public 0.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Aug 2022, 4 resolutions

Present: 6 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended 31st March, 2022 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    85.55% for14.45% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.06%

    Turnout: all 57.76% · promoters 99.53% · institutions 0.00% · other public 17.45%

  2. To appoint a Director in place of Ms. Amruda Nair (DIN: 06716791) who retires by Rotation and being eligible, offers herself for re-appointment
    Ordinary
    85.55% for14.45% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.09%

    Turnout: all 57.76% · promoters 99.53% · institutions 0.00% · other public 17.45%

  3. Re-appointment of M/s. N. S. Shetty & Co., Statutory Auditors for a period of five years from the conclusion of the 41st Annual General Meeting till the conclusion of the 46th Annual General Meeting
    Ordinary
    85.55% for14.45% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.08%

    Turnout: all 57.76% · promoters 99.53% · institutions 0.00% · other public 17.45%

  4. To approve related party transactions for borrowing/ availing loans/ advances from promoter group entities
    OrdinaryPromoters have an interest in it
    74.93% for25.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.07%

    Turnout: all 33.29% · promoters 0.00% · institutions 0.00% · other public 68.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeCESTAT BangaloreSince 1 May 2015
    Awaiting Hearing

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.