Viceroy Hotels Limited — Others, 25-03-2025: Shareholders meeting

Viceroy Hotels Limited has announced a board meeting on April 16, 2025, to hold an Extra Ordinary General Meeting (EGM) via video conferencing. A key agenda item will be to approve a related party transaction involving a land lease of up to 7,260 sq yds in Madhapur for 25 years to construct a hotel. The transaction includes a refundable deposit of ₹5 crore and lease payments of ₹15 lakh per month, with an annual escalation of 5% or 25% of EBITDA, whichever is higher. This strategic move aims to bolster the company's expansion plans, although it requires shareholder approval after a previous resolution failed due to low participation. Investor sentiment may lean positively as this development aligns with the long-term growth strategy.