Benares Hotels Ltd — Updates, 26-05-2025: Company Update

Benares Hotels Limited’s Annual Secretarial Compliance Report highlights certain non-compliances during the year, including delays in dematerialization of 22,550 promoter shares (1.73%), and lapses in board composition with temporary absence of a woman director and incomplete constitution of the Nomination & Remuneration and Stakeholder Relationship Committees. These issues led to penalties totaling Rs. 10.00 lakh, which the company has paid and requested waiver for. The company has since filled vacancies, including appointing an Independent Woman Director, and is committed to adhering strictly to compliance timelines going forward. All other regulatory and disclosure requirements were met.