Asian Hotels (East) Limited has informed the Exchange with copy of minutes of Postal Ballot
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Awaiting price reaction for this filing.
Asian Hotels (East) Limited has submitted the minutes of a Postal Ballot conducted via remote e-voting, which concluded on 9 May 2025. Three special resolutions were passed with overwhelming shareholder support (over 99.98% in favour each). The resolutions approved the reappointment of Mr. Umesh Saraf as Joint Managing Director for 5 years (Feb 2025 – Feb 2030) with a monthly basic salary ranging from Rs. 10.5 lakh to Rs. 13 lakh plus commission up to 1% of net profits and various perquisites. The second resolution approved the reappointment of Mr. Arun Kumar Saraf as Joint Managing Director for 5 years (Aug 2025 – Aug 2030) on similar remuneration terms. The third resolution approved the appointment of Ms. Swati Singhania as a Non-Executive Independent Woman Director for 5 years (Mar 2025 – Mar 2030). Voting was conducted through NSDL, with 11,701 members eligible as on the cut-off date.
This is a procedural compliance filing confirming shareholder approval of key board appointments, ensuring management continuity at the promoter level for the next five years. The near-unanimous voting reflects strong shareholder confidence, and the stock is unlikely to see material price movement from this disclosure alone.