Leela Palaces Hotels & Resorts MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 4 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

• To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess

  10 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.

  10 for0 against
• To appoint a director in place of Ms. Ananya Tripathi (DIN: 08102039), who retires by rotation and being eligible, offers herself for re-appointment.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund

  • Angel One Mutual Fund, LIC Mutual FundGovernance and Transparency Concern: Low aggregate Board meeting attendance during her tenure over the last 2 FYs. No compelling reason of absence provided.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with the law. No concern w.r.t merits of the proposed appointee. Governance and Transparency Concern: Low aggregate Board meeting attendance during her tenure over the last 2 FYs. No compelling reason of absence provided.

  6 for4 against

Mutual fund votes, meeting of 16 Apr 2026, 22 fund houses

• To approve the amendment and ratification to The Leela Employee Stock Option Scheme 2024 (“ESOP Scheme”) of the Company and grant of stock options

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Helios Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund

  • Angel One Mutual FundExercise Price not disclosed as required under law. Governance Concern: Potential maximum benefit that may be granted to a single employee appears to be excessive.
  • Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Navi Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Exercise Price not disclosed as required under law. Governance Concern: Potential maximum benefit that may be granted to a single employee appears to be excessive.
  • Bank of India Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundThe company seeks shareholder approval for the amendment and ratification of ‘The Leela Employee Stock Option Scheme 2024’. The pool size under the scheme is 6,679,158 options, representing ~2.0% of the paid-up share capital as on 31 December 2025. The vesting of options is time-based and subject to continued employment. The options granted would vest after expiry of minimum of one year and not later than maximum of five years. The exercise price shall be determined by the NRC and specified in the grant letter or the relevant ESOP document. We do not favour schemes where the exercise price is at a significant discount (>20%) to the market price. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. If the stock options are granted at a significant discount, there is misalignment between the interests of investors and employees. In the absence of clarity on exercise price, we do not support the resolution.
  • Baroda BNP Paribas Mutual FundThe company seeks approval for amendment and ratification in ESOP Scheme of the Company and grant of stock options, under which upto 66,79,158 stock options may be granted. This will lead to a dilution of ~1.96% due to the proposed scheme. The units may be granted at a discount to the market price, since it is only disclosed that the exercise price would be greater than face value. However, there is no clarity on the maximum discount that may be granted. In the absence of objective disclosures regarding the exercise price, we do not support the resolution
  • HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
  • ICICI Prudential Mutual FundExercise Price not disclosed as required under law. Potential Significant Benefit may arise to a single Employee and hence AMC had voted against the resolution.
  • Kotak Mahindra Mutual FundThe Company is seeking shareholders approval for the ratification and amendment of The Leela Employee Stock Option Scheme 2024 ( Scheme ) of the Company. The Company has not made adequate disclosures regarding the Exercise price or pricing formula. The NRC will have full discretion to decide on the exercise price which is a regulatory requirement. The Company has also stated that, the number of options to be granted and the maximum number of options that can be granted to each identified Employee shall be decided by the NRC. Based on the above reasons, we do not support the resolution.
  • Motilal Oswal Mutual FundExercise Price not disclosed as required under law. Potential Significant Benefit may arise to a single Employee.
  • Nippon India Mutual FundGovernance Concern: Potential maximum benefit that may be granted to a single employee appears to be excessive.

  5 for17 against
• To approve the amendment and ratification of The Leela Employee Stock Option Scheme 2024 (“ESOP Scheme”) of the Company and grant of stock options to employees of subsidiary/ holding/associate companies of the Company.MoreLess

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Helios Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund

  • Angel One Mutual FundInterlinked with Resolution #1. Governance Concern: Scheme proposed to be extended to Holding Company / Associate Company (ies) without compelling reason. Further, non-disclosure / affirmation regarding the cost reimbursement by the respective companies.
  • Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Navi Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Interlinked with Resolution #1. Governance Concern: Scheme proposed to be extended to Holding Company / Associate Company (ies) without compelling reason. Further, non-disclosure / affirmation regarding the cost reimbursement by the respective companies.
  • Bank of India Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual FundThrough resolution #2, the company seeks shareholder approval for extending the benefits of The Leela Employee Stock Option Scheme 2024 to employees of subsidiary, holding and associate companies. Our view is linked to resolution #1. Further, we do not support extending benefits to employees of group companies other than unlisted holding and subsidiary companies. We do not support the resolution.
  • Baroda BNP Paribas Mutual FundThrough this resolution, the company proposes to extend the ESOP Scheme to the employees of its subsidiary companies. Our view on this resolution is linked to our view on resolution on the ESOP scheme. We do not support the resolution.
  • HDFC Mutual FundLack of clarity on the pricing of ESOPs. We do not support the resolution.
  • ICICI Prudential Mutual FundExercise Price not disclosed as required under law. Potential Significant Benefit may arise to a single Employee and hence AMC had voted against the resolution.
  • Invesco Mutual FundThe company seeks shareholder approval for extending the benefits of The Leela Employee Stock Option Scheme 2024 to employees of subsidiary, holding and associate companies. Further, we do not support extending benefits to employees of group companies other than unlisted holding and subsidiary companies. We do not support the resolution
  • Kotak Mahindra Mutual FundThrough resolution #2, the company seeks approval to extend the benefits of the scheme to the employees of current and future subsidiary, associate and holding companies. Since, our view on resolution #2 is linked to our view on resolution #1; we are voting against.
  • Motilal Oswal Mutual FundInter-linked with Resolution #1; Extension of Scheme to employees of Holding & Associate Companies without affirmation on cost re_x0002_imbursement.
  • Nippon India Mutual FundGovernance Concern: Scheme proposed to be extended to Holding Company / Associate Company (ies) without compelling reason. Further, non-disclosure / affirmation regarding the cost reimbursement by the respective companies.

  5 for17 against

• Unlisted stake boughtBPBKC Properties Private LimitedSince 2 Jun 2026

  50.00% bought in the quarter; holding 50.00%, from 0.00%

• Fine or penaltyOffice of Divisional Commissioner Office, Govt of National Capital Territory of Delhi, Revenue DepartmentSince 12 May 2026

  An order has been passed raising a demand of stamp duty of Rs. 8,04,461/- and imposing a penalty of Rs. 20,00,000/-

  Alleged non-payment of stamp duty on issuance/allotment of shares under Article 19 of Schedule I-A of the Indian Stamp Act, 1899 as applicable to NCT of Delhi.
• Tax disputeJoint Commissioner of Commercial Taxes (Appeal-5), BengaluruSince 26 Jun 2026
  The Company has filed an appeal before Goods and Services Tax Appellate Tribunal. Hearing is awaited in this matter.
  At the filing before: The appeal filed by the Company for FY 2019-20, 2020-21, 2021-22, and 2022-23 has been partially allowed, with a portion of the tax demand, along with applicable interest and penalty, being upheld. There is no material impact on financial, operational or other activities of the Company.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

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.