Notice of Postal Ballot under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
ADVENTHTL · price
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Advent Hotels International Limited has issued a Postal Ballot Notice seeking shareholder approval for material related party transactions involving its subsidiaries. The resolution covers the company's provision of a corporate guarantee, pledge of shares, and cross-collateral security to support the issuance of senior, listed, secured, redeemable non-convertible debentures (NCDs) aggregating up to INR 740 crores. Goan Hotels & Realty Pvt Ltd (wholly owned subsidiary) will issue NCDs up to INR 550 crores, and BD&P Hotels (India) Pvt Ltd (75% subsidiary) will issue NCDs up to INR 190 crores, with an indicative interest rate of 12.97% p.a. Proceeds are intended to refinance existing debt obligations, including exposure with JC Flowers ARC, and consolidate security over assets like the 27-acre Grand Hyatt Goa property and the Hilton Mumbai International Airport. E-voting runs from 14 February 2026 to 15 March 2026, and all related parties must abstain from voting.
This is a material RPT requiring shareholder approval — if passed, the company and its subsidiaries will be able to raise up to INR 740 crores through NCDs, reducing existing debt costs and consolidating security structures, but the company is pledging its subsidiary shareholdings and providing corporate guarantees, which increases contingent liability exposure for shareholders.