Lemon Tree Hotels MD, chairman, board of directors and AGM
NSE: LEMONTREEBSE: 541233Leisure ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹110.95.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹8,631 Cr577th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 7 Aug 2026
- 36.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹33 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 32.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 6.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 7 Aug 2026
- 18.4%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹33 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 21.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 7 Aug 2026
- 13.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.96
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 26,28,69542.7% delivered
Lemon Tree Hotels board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPatanjali Govind Keswani
- Managing directorNeelendra Singh
- Company Secretary and Compliance OfficerPawan Kumar Kumawat
10 directors5 independent3 executive2 non-executive
- Patanjali Govind Keswani · ChairpersonExecutive · joined Oct 2002 · reappointed Oct 2025 · 1 listed board · 1 committee seat
- Neelendra Singh · Managing directorExecutive · joined Oct 2025 · 1 listed board · 1 committee seat
- Aditya Madhav KeswaniNon-executive · joined Jun 2015 · 1 listed board
- Willem Albertus HazelegerNon-executive · joined Aug 2017 · 1 listed board
- Kapil SharmaExecutive · joined Oct 2025 · 1 listed board · 1 committee seat
- Niten MalhanIndependent · joined Nov 2020 · reappointed Nov 2025 · 67 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Paramartha SaikiaIndependent · joined Jun 2017 · reappointed Jun 2022 · 108 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Praveen GargIndependent · joined Nov 2023 · reappointed Nov 2023 · 31 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
- Sanjiv Nandan SahaiIndependent · joined Nov 2023 · reappointed Nov 2023 · 31 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- Smita AnandIndependent · joined Nov 2023 · reappointed Nov 2023 · 31 months as independent · 3 listed boards · 3 as independent · 2 committee seats
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.
1 director who left
- Freyan Jamshed Desai, left 20 Mar 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20269 of 10 present5 independent · 110 days in between
- 6 Feb 202610 of 11 present5 independent · 27 days in between
- 9 Jan 202610 of 11 present5 independent
Audit Committee
Chair Praveen Garg
Sanjiv Nandan Sahai, Paramartha Saikia
- 28 May 20263 of 3 present3 independent · 110 days in between
- 6 Feb 20262 of 3 present2 independent · 27 days in between
- 9 Jan 20262 of 3 present2 independent
Nomination and remuneration committee
Chair Smita Anand
Sanjiv Nandan Sahai, Paramartha Saikia, Willem Albertus Hazeleger
- 27 May 20263 of 4 present2 independent · 109 days in between
- 6 Feb 20264 of 5 present3 independent
Stakeholders Relationship Committee
Chair Paramartha Saikia
Patanjali Govind Keswani, Neelendra Singh, Kapil Sharma
- 27 May 20264 of 4 present1 independent · 109 days in between
Risk Management Committee
Chair Praveen Garg
Willem Albertus Hazeleger, Aditya Madhav Keswani, Patanjali Govind Keswani, Neelendra Singh, Kapil Sharma, Niten Malhan
- 6 Feb 20267 of 7 present2 independent
Corporate Social Responsibility Committee
Chair Paramartha Saikia
Patanjali Govind Keswani, Aditya Madhav Keswani, Neelendra Singh
- 27 May 20264 of 4 present1 independent · 109 days in between
- 6 Feb 20264 of 5 present1 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.
- M/s Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- Deloitte Haskins & Sells LLPNamed in the filing for the quarter to Mar 2025
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.
Lemon Tree Hotels 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.Lemon Tree Hotels share news and announcements
Annual general meeting, 18 Sep 2026
4,27,156 shareholders on the register on 11 Sep 2026; present: 8 promoters and 89 others; votes counted by Mr. Prakash Verma / M/s Prakash Verma & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the reports of the Auditors and the Board of Directors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.70% · promoters 100.00% · institutions 83.04% · other public 40.48%
- To appoint a Director in place of Mr. Aditya Madhav Keswani (DIN: 07208901) who retires by rotation and being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it96.85% for3.15% against
Against: promoters 0.00% · institutions 7.72% · other public 0.01%
Turnout: all 67.70% · promoters 100.00% · institutions 83.04% · other public 40.48%
- To appoint a Director in place of Mr. Willem Albertus Hazeleger (DIN: 07902239) who retires by rotation and being eligible, offers himself for reappointment.Ordinary72.05% for27.95% against
Against: promoters 0.00% · institutions 14.27% · other public 82.62%
Turnout: all 67.70% · promoters 100.00% · institutions 83.04% · other public 40.48%
- Appointment of Mr. Patanjali Govind Keswani (DIN: 00002974) as Chairman and Non-Executive Director (“Non-Executive Chairman”) of the Company w.e.f. April 1, 2027OrdinaryPromoters have an interest in it97.20% for2.80% against
Against: promoters 0.00% · institutions 6.88% · other public 0.01%
Turnout: all 67.70% · promoters 100.00% · institutions 83.04% · other public 40.48%
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, 26 Oct 2025, 1 resolution
3,73,960 shareholders on the register on 19 Sep 2025; votes counted by Mr. Prakash Verma / M/s Prakash Verma & Associates.The company's voting result (opens in a new tab)
- SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM “UNION TERRITORY OF DELHI” TO THE “STATE OF HARYANA”Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.13% · promoters 98.53% · institutions 86.57% · other public 42.33%
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 2025, 16 resolutions
3,73,574 shareholders on the register on 18 Sep 2025; present: 2 promoters and 81 others; votes counted by Mr. Prakash Verma / M/s Prakash Verma & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Auditors and the Board of Directors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- To appoint a Director in place of Mr. Patanjali Govind Keswani (DIN: 00002974) who retires by rotation and being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it99.12% for0.88% against
Against: promoters 0.00% · institutions 1.86% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Appointment of M/s DPV & Associates LLP, Practicing Company Secretaries, as Secretarial Auditors of the CompanyOrdinary99.05% for0.95% against
Against: promoters 0.00% · institutions 2.01% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Appointment of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman of the Company w.e.f. October 01, 2025OrdinaryPromoters have an interest in it99.16% for0.84% against
Against: promoters 0.00% · institutions 1.78% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of remuneration of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman of the Company w.e.f. October 01, 2025SpecialPromoters have an interest in it99.73% for0.27% against
Against: promoters 0.00% · institutions 0.57% · other public 0.01%
Turnout: all 75.50% · promoters 100.00% · institutions 85.56% · other public 49.05%
- Approval of remuneration of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman in Fleur Hotels Limited (Material Subsidiary Company)OrdinaryPromoters have an interest in it99.73% for0.27% against
Against: promoters 0.00% · institutions 0.57% · other public 0.01%
Turnout: all 75.50% · promoters 100.00% · institutions 85.56% · other public 49.05%
- Appointment of Mr. Neelendra Singh (DIN: 08491872) as Managing Director of the Company w.e.f. October 1, 2025Ordinary99.32% for0.68% against
Against: promoters 0.00% · institutions 1.44% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of remuneration of Mr. Neelendra Singh (DIN: 08491872) as Managing Director of the Company w.e.f. October 1, 2025Special99.85% for0.15% against
Against: promoters 0.00% · institutions 0.32% · other public 0.01%
Turnout: all 75.50% · promoters 100.00% · institutions 85.56% · other public 49.05%
- Appointment of Mr. Kapil Sharma (DIN: 00352890) as Executive Director and Chief Financial Officer of the Company w.e.f. October 1, 2025Ordinary99.31% for0.69% against
Against: promoters 0.00% · institutions 1.45% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of remuneration of Mr. Kapil Sharma (DIN: 00352890) as Executive Director and Chief Financial Officer of the Company w.e.f. October 1, 2025Special99.85% for0.15% against
Against: promoters 0.00% · institutions 0.31% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of one-time Ex-gratia payment to Mr. Patanjali Govind Keswani (DIN: 00002974), Chairman & Managing Director of the CompanySpecialPromoters have an interest in it99.83% for0.17% against
Against: promoters 0.00% · institutions 0.35% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of one-time Ex-gratia payment to Mr. Kapil Sharma, Chief Financial Officer of the CompanySpecial99.88% for0.12% against
Against: promoters 0.00% · institutions 0.25% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Re-appointment of Mr. Niten Malhan (DIN: 00614624) as Non-Executive Independent Director of the CompanySpecial97.25% for2.75% against
Against: promoters 0.00% · institutions 5.83% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Amendment in LTHL Stock Appreciation Rights Scheme -2024Special96.30% for3.70% against
Against: promoters 0.00% · institutions 7.84% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approve the extension of grant of Stock Appreciation Rights to the employees of existing unlisted Subsidiary Companies of the Company under LTHL Stock Appreciation Rights Scheme – 2024Special96.45% for3.55% against
Against: promoters 0.00% · institutions 7.52% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
- Approval of overall limit of the Commission to the Non- Executive Directors of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.90% · promoters 100.00% · institutions 86.52% · other public 49.05%
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, 26 Sep 2024, 4 resolutions
Present: 4 promoters and 78 others.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the audited standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors and Board of Directors thereon; and b) the audited consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.31% · promoters 100.00% · institutions 84.58% · other public 49.00%
- To appoint a director in the place of Mr. Aditya Madhav Keswani (DIN: 07208901) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.09% · other public 0.01%
Turnout: all 75.31% · promoters 100.00% · institutions 84.58% · other public 49.00%
- To approve ¿LTHL Stock Appreciation Rights Scheme - ¿2024¿Special97.00% for3.00% against
Against: promoters 0.00% · institutions 6.44% · other public 0.03%
Turnout: all 75.31% · promoters 100.00% · institutions 84.58% · other public 49.00%
To approve grant of Stock Appreciation Rights to the employees of group company(ies) including subsidiary company, its associate company and/or holding company (ies), in India or outside India, under LTHL Stock Appreciation Rights Scheme - 2024MoreLess
Special89.82% for10.18% againstAgainst: promoters 0.00% · institutions 21.92% · other public 0.03%
Turnout: all 75.31% · promoters 100.00% · institutions 84.58% · other public 49.00%
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, 18 Jan 2024, 3 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Praveen Garg (DIN: 00208604), as a Non-ExecutivenIndependent Director of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.07% · other public 0.02%
Turnout: all 69.24% · promoters 98.56% · institutions 82.82% · other public 39.10%
- Appointment of Mr. Sanjiv Nandan Sahai (DIN: 00860449), as a Non-ExecutivenIndependent Director of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.07% · other public 0.02%
Turnout: all 69.24% · promoters 98.56% · institutions 82.82% · other public 39.10%
- Appointment of Ms. Smita Anand (DIN: 00059228), as a Non-ExecutivenIndependent Director of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.07% · other public 0.02%
Turnout: all 69.24% · promoters 98.56% · institutions 82.82% · other public 39.10%
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, 27 Sep 2023, 5 resolutions
Present: 2 promoters and 106 others.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Auditors and Board of Directors in respect thereof; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and report of the Auditors in respect thereof.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 76.75% · promoters 100.00% · institutions 81.49% · other public 57.86%
- To appoint a director in the place of Mr. Willem Albertus Hazeleger who retires by rotation andbeing eligible offers himself for re-appointment.Ordinary99.63% for0.37% against
Against: promoters 0.00% · institutions 0.90% · other public 0.00%
Turnout: all 76.83% · promoters 100.00% · institutions 81.71% · other public 57.86%
- To consider and approve re-appointment of Dr. Arindam Kumar Bhattacharya as an Independent Director of the CompanySpecial60.49% for39.51% against
Against: promoters 0.00% · institutions 48.98% · other public 67.59%
Turnout: all 76.83% · promoters 100.00% · institutions 81.71% · other public 57.86%
- To consider and approve related party transaction with Fleur Hotels Private Limited, a material subsidiary of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.30% · promoters 0.00% · institutions 81.71% · other public 57.23%
- To consider and approve related party transaction with Iora Hotels Private Limited, a material subsidiary of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.30% · promoters 0.00% · institutions 81.71% · other public 57.24%
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, 13 Jun 2023, 3 resolutions
The company's voting result (opens in a new tab)
- APPROVAL FOR RE-APPOINTMENT OF MR. PATANJALI GOVIND KESWANI, AS CHAIRMAN AND MANAGING DIRECTORSpecial97.04% for2.96% against
Against: promoters 0.00% · institutions 7.66% · other public 0.12%
Turnout: all 73.88% · promoters 100.00% · institutions 80.49% · other public 53.40%
- APPROVAL OF THE LIMITS FOR FURNISHING OF CORPORATE GUARANTEE TO IORA HOTELS PRIVATE LIMITED, RELATED PARTYOrdinaryPromoters have an interest in it59.78% for40.22% against
Against: promoters 0.00% · institutions 49.96% · other public 0.40%
Turnout: all 35.06% · promoters 0.00% · institutions 80.49% · other public 16.65%
- APPROVAL OF THE LIMITS FOR FURNISHING OF CORPORATE GUARANTEE TO FLEUR HOTELS PRIVATE LIMITED, RELATED PARTYOrdinaryPromoters have an interest in it59.78% for40.22% against
Against: promoters 0.00% · institutions 49.96% · other public 0.40%
Turnout: all 35.06% · promoters 0.00% · institutions 80.49% · other public 16.65%
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.
Meeting called by the tribunal, 19 Jan 2023, 1 resolution
Present: 4 promoters and 29 others.The company's voting result (opens in a new tab)
Approval of Scheme of Amalgamation of Valerian Management Services Private Limited and Grey Fox Project Management Company Private Limited and PSK Resorts & Hotels Private Limited and Dandelion Hotels Private Limited with Lemon Tree Hotels LimitedMoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 69.49% · promoters 100.00% · institutions 83.27% · other public 38.90%
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.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 18 Sep 2026, 12 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the reports of the Auditors and the Board of Directors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.MoreLess
12 for0 against- To appoint a Director in place of Mr. Aditya Madhav Keswani (DIN: 07208901) who retires by rotation and being eligible, offers himself for reappointment.
Against DSP Mutual Fund, Jio BlackRock Mutual Fund
- DSP Mutual Fund, Jio BlackRock Mutual FundAditya Madhav Keswani, 35, is from the promoter group and is the son of Patanjali Govind Keswani, Executive Chairperson. He was first appointed to the board on 17 June 2015. He attended all seven board meetings (100%) held in FY26. There is no clarity on Aditya Madhav Keswani’s past work experience, therefore, we are unable to support the resolution.
10 for2 against - To appoint a Director in place of Mr. Willem Albertus Hazeleger (DIN: 07902239) who retires by rotation and being eligible, offers himself for reappointment.12 for0 against
- Appointment of Mr. Patanjali Govind Keswani (DIN: 00002974) as Chairman and Non-Executive Director (“Non-Executive Chairman”) of the Company w.e.f. April 1, 202712 for0 against
Mutual fund votes, meeting of 26 Oct 2025, 22 fund houses
- SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM “UNION TERRITORY OF DELHI” TO THE “STATE OF HARYANA”22 for0 against
6 earlier meetings
Mutual fund votes, meeting of 25 Sep 2025, 22 fund houses
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Auditors and the Board of Directors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Auditors thereon.MoreLess
22 for0 against- To appoint a Director in place of Mr. Patanjali Govind Keswani (DIN: 00002974) who retires by rotation and being eligible, offers himself for reappointment.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merits and capabilities of director. Governance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
16 for6 against - Appointment of M/s DPV & Associates LLP, Practicing Company Secretaries, as Secretarial Auditors of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed by the Company in the Notice.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit of proposed secretarial auditors. Non-Compliant with Regulation 36(5) of SEBI (LODR), 2015: Proposed audit fee payable to Secretarial Auditors not disclosed by the Company in the Notice.
- Kotak Mahindra Mutual FundThe company has not disclosed the proposed remuneration which is a regulatory requirement. Hence, we do not support the resolution.
15 for7 against - Appointment of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman of the Company w.e.f. October 01, 2025
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merits and capabilities of director. Governance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
16 for6 against - Approval of remuneration of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman of the Company w.e.f. October 01, 2025
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merits and capabilities of director. Governance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
16 for6 against - Approval of remuneration of Mr. Patanjali Govind Keswani (DIN: 00002974) as Executive Director and Chairman in Fleur Hotels Limited (Material Subsidiary Company)
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on merits and capabilities of director. Governance Concern: Holding combined position of Chairman with Executive Position, which may lead to concentration of power in hands of single director.
16 for6 against - Appointment of Mr. Neelendra Singh (DIN: 08491872) as Managing Director of the Company w.e.f. October 1, 202522 for0 against
- Approval of remuneration of Mr. Neelendra Singh (DIN: 08491872) as Managing Director of the Company w.e.f. October 1, 202522 for0 against
- Appointment of Mr. Kapil Sharma (DIN: 00352890) as Executive Director and Chief Financial Officer of the Company w.e.f. October 1, 202522 for0 against
- Approval of remuneration of Mr. Kapil Sharma (DIN: 00352890) as Executive Director and Chief Financial Officer of the Company w.e.f. October 1, 202522 for0 against
- Approval of one-time Ex-gratia payment to Mr. Patanjali Govind Keswani (DIN: 00002974), Chairman & Managing Director of the Company22 for0 against
- Approval of one-time Ex-gratia payment to Mr. Kapil Sharma, Chief Financial Officer of the Company22 for0 against
- Re-appointment of Mr. Niten Malhan (DIN: 00614624) as Non-Executive Independent Director of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance Concern: Cooling off period of 3 years not served at the time of transition from Non-Executive Director to Independent Director.Prolonged Association with the Company.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Cooling off period of 3 years not served at the time of transition from NED to ID. Prolonged Association i.e. approx. 19 years with the Company.
- Baroda BNP Paribas Mutual FundCompliant with law. Governance Concern: calling someone independent post an executive role is not proper
15 for7 against - Amendment in LTHL Stock Appreciation Rights Scheme -2024
Against Angel One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundInadequate disclosures with regards to SAR Price or Pricing Formula. Governance Concern: Vesting conditions linked to the Market Price of Equity Shares.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures w.r.t. SAR Price or Pricing Formula. Governance Concern: Vesting conditions linked to the Market Price of Equity Shares.
- Baroda BNP Paribas Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures w.r.t. SAR Price or Pricing Formula. Governance Concern: Vesting conditions linked to the market Price of Equity Shares.
- Kotak Mahindra Mutual FundThe company adopted the LTHL Stock Appreciation Rights Scheme 2024, the scheme was approved by shareholders in the 2024 AGM. The Company has not specifically disclosed the SAR Price or a formula for determining the SAR price, rather it has simply stated that the same will be calculated based on the market price and absolute discretion has been provided to the committee to determine discount or premium, if any on the said price. The resolution is non-compliant under law. Hence, we so not support the resolution.
14 for8 against - Approve the extension of grant of Stock Appreciation Rights to the employees of existing unlisted Subsidiary Companies of the Company under LTHL Stock Appreciation Rights Scheme – 2024
Against Angel One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundInadequate disclosures with regards to SAR Price or Pricing Formula. Governance Concern: Vesting conditions linked to the Market Price of Equity Shares.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundInterlinked with Resolution #14, same concerns are being extended.
- Baroda BNP Paribas Mutual FundInadequate disclosures w.r.t. SAR (stock appreciation rights) Price or Pricing Formula.
- Kotak Mahindra Mutual FundThe company seeks shareholders approval to grant SARs under LTHL Stock Appreciation Rights Scheme 2024 to the employees of existing unlisted subsidiary companies of the company. The resolution is linked to #14 and so we do not support the resolution.
14 for8 against - Approval of overall limit of the Commission to the Non- Executive Directors of the Company22 for0 against
Mutual fund votes, meeting of 26 Sep 2024, 16 fund houses
To receive, consider and adopt: a) the audited standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors and Board of Directors thereon; and b) the audited consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Auditors thereon.nMoreLess
16 for0 against- To appoint a director in the place of Mr. Aditya Madhav Keswani (DIN: 07208901) who retires by rotation and being eligible, offers himself for re-appointment.
Against Axis Mutual Fund, Mirae Asset Mutual Fund
- Axis Mutual FundAditya Madhav Keswani, 33, is part of the promoter family and the son of Patanjali Govind Keswani – Chairperson and Managing Director. He is a Non-Executive Non-Independent Director and has been on the board since 17 June 2015. He has attended all five board meetings in FY24 (100%). He has a bachelor’s degree in arts from the New York University. There is no clarity on Aditya Madhav Keswani’s past work experience: therefore, we do not support his directorship.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
14 for2 against - To approve ¿LTHL Stock Appreciation Rights Scheme - ¿2024¿
Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Lack of clarity in the Scheme w.r.t SAR Price or Pricing Formula.
- Edelweiss Mutual FundLack of clarity in the Scheme w.r.t SAR Price or Pricing Formula.
12 for4 against To approve grant of Stock Appreciation Rights to the employees of group company(ies) including subsidiary company, its associate company and/or holding company (ies), in India or outside India, under LTHL Stock Appreciation Rights Scheme - 2024MoreLess
Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, LIC Mutual Fund, Nippon India Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Lack of clarity in the Scheme w.r.t Exercise Price or Pricing Formula.
- Edelweiss Mutual FundLack of clarity in the Scheme w.r.t Exercise Price or Pricing Formula. Extension of scheme to employees of group / associate company without compelling reasons / cost not reimbursed to the Company.
- Groww Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Lack of clarity in the Scheme w.r.t Exercise Price or Pricing Formula. Governance Concern: Extension of scheme to employees of group / associate company without compelling reasons / cost not reimbursed to the Company.
- HDFC Mutual FundESOPs/RSUs are granted at a significant discount to market price
- Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Lack of clarity in the Scheme w.r.t SAR Price or Pricing Formula.
9 for7 against
Mutual fund votes, meeting of 18 Jan 2024, 12 fund houses
- Appointment of Mr. Praveen Garg (DIN: 00208604), as a Non-ExecutivenIndependent Director of the Company12 for0 against
- Appointment of Mr. Sanjiv Nandan Sahai (DIN: 00860449), as a Non-ExecutivenIndependent Director of the Company12 for0 against
- Appointment of Ms. Smita Anand (DIN: 00059228), as a Non-ExecutivenIndependent Director of the Company12 for0 against
Mutual fund votes, meeting of 27 Sep 2023, 9 fund houses
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Auditors and Board of Directors in respect thereof; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and report of the Auditors in respect thereof.MoreLess
9 for0 against- To appoint a director in the place of Mr. Willem Albertus Hazeleger who retires by rotation andbeing eligible offers himself for re-appointment.9 for0 against
- To consider and approve re-appointment of Dr. Arindam Kumar Bhattacharya as an Independent Director of the Company
Against HSBC Mutual Fund, Motilal Oswal Mutual Fund
- HSBC Mutual FundA vote AGAINST the following nominee is warranted because: • Arindam Kumar Bhattacharya has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation
- Motilal Oswal Mutual FundCompliant with law. No Concern on merit of appointee. Governance Concern: holding 6,90,490 shares of the Company having face value of ₹ 69 lakhs, which is more than what is permitted limit for relatives.
7 for2 against - To consider and approve related party transaction with Fleur Hotels Private Limited, a material subsidiary of the Company9 for0 against
- To consider and approve related party transaction with Iora Hotels Private Limited, a material subsidiary of the Company9 for0 against
Mutual fund votes, meeting of 13 Jun 2023, 8 fund houses
- APPROVAL FOR RE-APPOINTMENT OF MR. PATANJALI GOVIND KESWANI, AS CHAIRMAN AND MANAGING DIRECTOR8 for0 against
- APPROVAL OF THE LIMITS FOR FURNISHING OF CORPORATE GUARANTEE TO IORA HOTELS PRIVATE LIMITED, RELATED PARTY
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted since the company will be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification
7 for1 against - APPROVAL OF THE LIMITS FOR FURNISHING OF CORPORATE GUARANTEE TO FLEUR HOTELS PRIVATE LIMITED, RELATED PARTY
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted since the company will be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification
7 for1 against
Mutual fund votes, meeting of 19 Jan 2023, 7 fund houses
Approval of Scheme of Amalgamation of Valerian Management Services Private Limited and Grey Fox Project Management Company Private Limited and PSK Resorts & Hotels Private Limited and Dandelion Hotels Private Limited with Lemon Tree Hotels LimitedMoreLess
7 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyOffice of the Central Goods & Service Tax, Delhi South CommissionerateSince 13 Apr 2026
Order has been received by Hyacinth Hotels Private Limited, a subsidiary of the Company, from the Authority for recovery of Tax liability of Rs. 46,39,783/- on import of services under reverse charge mechanism, under Section 74(9) of CGST Act, 2017 along with applicable interest on Tax Liability under Section 50 of CGST Act and Penalty of Rs. 46,39,783/-.
The order has been passed by the Authority for the Financial Year from 2019-20 to 2023-24 raising demand which comprised of Tax, Interest and Penalty under Section 74(9) and 50 of CGST Act, 2017. - Fine or penaltyOffice of the Central Goods & Service Tax, Delhi South CommissionerateSince 16 Apr 2026
Order has been received by the Company from the Authority for recovery of Tax liability of Rs. 39,97,924/- on import of services under reverse charge mechanism, under Section 74(9) of CGST Act, 2017 along with applicable interest on Tax Liability under Section 50 of CGST Act and Penalty of Rs. 39,97,924/-.
The order has been passed by the Authority for the Financial Year from 2019-20 to 2023-24 raising demand which comprised of Tax, Interest and Penalty under Section 74(9) and 50 of CGST Act, 2017. - Fine or penaltyCustoms, Excise and Service Tax Appellate Tribunal, Regional Bench at HyderabadSince 3 Jun 2026
Order has been received by Fleur Hotels Limited, a material subsidiary of the Company, from the Authority in respect of confirming the demand of Service tax of Rs. 33,54,487/-, along with penalty under Section 76 and 77(2) of the Finance Act, 1994 for the period July, 2012 to March, 2013.
CENVAT Credit wrongly availed on Maintenance and Repair Service, Internet Service and Courier Service. - Tax disputeHind Inns & Hotels Ltd. & M/s Hind MotorsSince 17 Apr 2023
In the matter of Hind Inns & Hotels Ltd. & M/s Hind Motors (“Hind Inns”/ “Judgment Debtor”) and Fleur Hotels (“Fleur” / “Decree Holder”), Fleur has filed execution application, under Section 36 of Arbitration and Conciliation Act, 1996, before the District Court, Chandigarh, for enforcement of the Arbitral Award. In this Execution Proceedings, Court has directed the Judgment Debtor to make payment of the Awarded amount on the next date of hearing listed on 24.07.2026. Fleur has also filed an application under Order 21 CPC read with Section 151 CPC seeking personal appearance of the Judgement Debtor pending consideration/adjudication on next date for hearing. In the matter pending adjudication before Hon’ble Delhi High Court under Section 34 of the Arbitration and Conciliation Act, 1996, whereunder Hind Inn has challenged Arbitration Award. In this matter, after failure of Mediation process, Fleur had filed its reply to the Petition challenging for the Arbitral Award by Hind Inn, said reply has been taken on record by Hon’ble Court vide Order dated 07.07.2026 and directed Hind Inn to file its Rejoinder, if any, within 4 weeks. The matter is now listed on 06.08.2026.MoreLess
At the filing before: In the matter of Fleur Hotels (“Claimant”), Hind Inns & Hotels Ltd. & M/s Hind Motors (“Respondents”), Respondents have filed this Petition challenging the Arbitral Award dated 06.02.2025 passed by Sole Arbitrator Justice Shiv Kirti Singh (Retd.). In this matter, on the request of the Hind Inns & Hotels, Hon’ble High Court vide its order dated 14.10.2025 referred the parties to mediation before the Delhi High Court Mediation and Conciliation Centre. Where, after attending several negotiation sessions, on 18.12.2025 we have closed the Mediation as Judgment Debtor (Hind Inns) was not serious. The matter is now listed before High Court for hearing on 07.04.2026 and Claimant is in process of filing of Execution Application for enforcement of the Arbitral Award.MoreLess
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
- 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
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- 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.