EIH Associated Hotels Limited has informed the Exchange regarding Notice of Postal Ballot
EIHAHOTELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
EIH Associated Hotels Limited (part of the Oberoi Group) has issued a postal ballot notice to shareholders seeking approval for the appointment of Mr. Sandeep Kumar Barasia (DIN: 01432123) as a Non-Executive Independent Director for a term of five consecutive years starting April 15, 2025. Mr. Barasia brings over 30 years of experience, including a recent role as Chief Business Officer at Delhivery Limited (until June 2024) where he helped scale revenue from under $20M to over $1B, and earlier as a Partner at Bain & Company focused on consumer sector. The cut-off date for e-voting eligibility is April 11, 2025, with the remote e-voting window open from April 16, 2025 (10:00 AM) to May 15, 2025 (5:00 PM). The appointment requires shareholder approval through a special resolution, with no remuneration proposed other than standard sitting fees for board and committee meetings.
This is a routine corporate governance action and is unlikely to materially affect the stock price. Shareholders holding shares as of April 11, 2025 can vote electronically on the resolution, which if passed, strengthens the board with a director who has strong hospitality, consumer, and logistics expertise relevant to the Oberoi Group's business.