Announced Mon, 6 Jul · 15:15 IST
Postal Ballot Results: Director Re-appointment and TMH Alibaug Expansion Approved
Management Changes View source PDF
GRAVISSHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹29.40
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.5+0.0+1.4+6.1+4.8-0.1-0.7———
Up moveDown movePending
AI summary
Graviss Hospitality shareholders approved both resolutions via postal ballot. Resolution 1: Re-appointment of Mr. Romil Ratra as Whole-time Director passed with 99.999% in favour. Resolution 2: Expansion of The Mansion House (TMH) in Alibaug along with material related party transactions passed with 99.999% in favour. Promoters holding 52.83 lakh shares voted entirely in favour of both resolutions. Total 35 members participated in the e-voting.
Likely market impact
Routine approvals with near-unanimous support. Romil Ratra continues as Whole-time Director; Alibaug hotel expansion gets green light.