Advent Hotels International Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ADVENTHTL · price
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Advent Hotels International Limited has announced the results of a postal ballot conducted via e-voting from 14th February to 15th March 2026. The single special resolution sought shareholder approval for material related party transactions with BD&P Hotels (India) Private Limited (a subsidiary in which the company holds 75% economic interest) and Goan Hotels And Realty Private Limited (a wholly owned subsidiary). Out of 53,942,887 outstanding shares, only 6,719,976 shares (12.46%) were voted. The resolution was passed overwhelmingly with 99.90% of votes in favour (6,713,014 shares) and just 0.10% against (6,962 shares). Notably, the promoter and promoter group did not participate in the voting. The scrutinizer's report was issued by Mr. Vicky Kundaliya, Practicing Company Secretary.
Shareholders have approved material related party transactions with two subsidiary companies, giving the board clear authorization to proceed with these transactions. The very low voting turnout (12.46%) and promoter non-participation are notable points, but the resolution passed with near-unanimous support from those who did vote, indicating no significant shareholder dissent on this matter.