Apeejay Surrendra Park Hotels MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 13 Jun 2026, 3 fund houses

• To appoint Mr. Raveesh Kumar Bhatia (DIN: 11618896) as an Independent Director of the Company

  3 for0 against

Mutual fund votes, meeting of 26 Sep 2025, 8 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the reports of Board of Directors and Auditors thereonMoreLess

  7 for0 against
• To declare dividend on equity shares for the financial year ended March 31, 2025

  7 for0 against
• To re-appoint Ms. Priya Paul as a Director, liable to retire by rotation

  ›Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Combined position of Executive chairperson of the Company; Director is also a member of Nomination and Remuneration Committee (NRC) and governance concerns are identified with regard to remuneration payments and Excessive remuneration.
  • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Combined position of Executive chairperson of the Company; Director is also a member of Nomination and Remuneration Committee (NRC) and governance concerns are identified with regard to remuneration payments and Excessive remuneration.

  4 for4 against
• To appoint Secretarial Auditors of the Company

  ›Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed in the Notice. Transparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
  • Groww Mutual Fund, Motilal Oswal Mutual FundNo issues on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR, 2015: Proposed audit fee payable to Secretarial Auditors not disclosed in the Notice. Transparency Concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.

  5 for3 against
• To approve remuneration of Mr. Karan Paul, Non-Executive Director of the Company

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Taurus Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance Concern: Excessive remuneration paid / proposed.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Excessive remuneration paid / proposed.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Taurus Mutual FundKaran Paul, 55, is promoter and Non-Executive Director of Apeejay Surrendra Park Hotels Limited. He attended four out of five (80%) board meetings in FY25. He received Rs. 17.6 mn as commission/other fees for FY25. Since the payout to Karan Paul in FY26 will exceed 50% of aggregate non-executive remuneration, the company has sought approval for the payment. As per his remuneration terms, he is eligible for a performance linked incentive of upto Rs. 40.0 mn and consultancy fee of Rs. 19.0 mn, aggregating to Rs. 59.0 mn. The rationale for paying performance-linked incentive to a Non-Executive promoter family member is unclear, neither are the performance metrics for such payouts defined. Further, the proposed remuneration to Karan Paul is high at 3.9% of consolidated PBT. Given these reasons, we do not support the resolution.

  1 for7 against

• Tax disputeGST - Deputy Commissioner PARK STREET: KOLKATA SOUTH: West BengalSince 22 Nov 2024
  An Appeal has been filed with the GST Appellate Autority (GSTAT) on 29/06/26 against the demand imposed by the GST Department.
  At the filing before: GST Scrutiny Case Order u/s 73 for FY 2020-21 was received for short payment of GST on outward supply, reversible ITC, interest payable for late filing of return resulting in a demand for Rs. 15,67,767. Appeal was filed with the Appellate Authority on 22/04/25. The appeal was rejected by an order dated 19/09/25. Prayer to keep the demand in abeyance was requested by paying a further deposit of Rs. 84,424 under section 112(8)(b) of the CGST/SGST Act, 2017 on 27/11/25 and a second appeal was proposed to be filed by the Company. There was no update during the quarter ended March 31, 2026.MoreLess
• Tax disputeCustoms,Excise and Service Tax Appellate Tribunal Chennai, Sastri Bhavan,Annexe Building,1st Floor,26-Haddows Road,Chennai 600006, Tamil NaduSince 4 Dec 2015
  The Company received the CESTAT Order dated 04/06/2026 setting aside the impugned order and the appeal was disposed of in favour of the Company.
  At the filing before: The matter pertains to the wrongful availment of CENVAT Credit on management consultancy services. An adjournment letter was submitted requesting the postponement of the final hearing date. The demand amount involved is Rs. 37,74,164. The hearing date was postponed to 11/11/25, which was further postponed to 31/01/26. An appeal was filed by the Company on February 16, 2026.MoreLess
• Tax disputeGST - Assistant Commissioner PONDY BAZAAR:Central-III:CHENNAI CENTRAL:Tamil NaduSince 26 Feb 2025
  No further update in quarter ended June 30, 2026
  At the filing before: Demand amounting to Rs. 22,31,288 for FY 2020-21 has arisen on account of excess claim of Input Tax Credit (ITC) and ineligible ITC availed by the Company. Appeal was filed on 23/05/25. There was no update during the quarter ended March 31, 2026.MoreLess
• Tax disputeGST - Assistant Commissioner PONDY BAZAAR:Central-III:CHENNAI CENTRAL:Tamil NaduSince 26 Feb 2025
  No further update in quarter ended June 30, 2026
  At the filing before: A demand of Rs. 7,65,198 for FY 2020-21 has been raised due to differences reported in the GST Annual Return. Appeal was filed on 23/05/25. There was no update during the quarter ended March 31, 2026.
• Tax disputeGST - Assistant Commissioner PONDY BAZAAR:Central- III:CHENNAI CENTRAL:Tamil NaduSince 23 Jun 2025
  An appeal has been filed by the Company on 03/04/26 for the other demand amounting to Rs. 5,75,334 along with penalty of Rs. 32,646, and the matter is currently awaiting response from the department.
  At the filing before: Show cause notice for FY 2021-22 was issued on 23/06/25 regarding differences in the GST Annual Return between Tables 9P and 9Q and the excess claim of ITC. The Company submitted response on 14/07/25 to the department explaining the variance. Subsequently, demand was raised by the Department amounting to Rs. 5,66,20,249 along with penalty of Rs. 32,75,364 by an order dt. 04/12/25 and by another order dt. 04/12/25, demand raised was for Rs. 5,75,334 along with penalty of Rs. 32,646. The Company filed a writ petition on 15/12/25, which was disposed of in favor of the Company vide order dated 19/12/25. Subsequently, a rectification order was received on 16/03/26, pursuant to which the demand amounting to Rs. 5,66,20,249 along with penalty of Rs. 32,75,364 was reduced to Nil by the department.MoreLess
• Tax disputeGST - Senior Intelligence Officer, Directorate General of GST Intelligence, GurugramSince 30 Sep 2025
  An appeal has been filed on 30/06/2026 against the demand imposed by GST department.
  At the filing before: Show Cause Notice was issued on 30/09/25 regarding non-payment of GST amounting to Rs. 49,13,281 on the import of services received from Agoda Company Pte Limited under Reverse Charge Mechanism for the period 2019-20 to 2023-24. The Company submitted a response to the department on 31/10/25 seeking extension. A notice for personal hearing was received on 23/03/26 and the authorized representative of the Company appeared and submitted response on 25/03/26. Thereafter, a demand notice dated 31/03/26 was received, raising a demand for Rs. 49,13,281 as GST due along with penalty of Rs. 49,13,281.MoreLess

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

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

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.