Lemon Tree Hotels Limited has informed the Exchange regarding Notice of Postal Ballot
LEMONTREE · price
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Lemon Tree Hotels has sent a Postal Ballot Notice to shareholders seeking their approval to shift the company's registered office from the Union Territory of Delhi to the State of Haryana, specifically to Sector 60, Gurgaon. The Board approved this move on September 17, 2025, citing better administrative and economic control, easier coordination, and operational efficiency, given that the company already operates several hotels in Haryana and has existing office space there. Shareholders will vote on this Special Resolution via remote e-voting through NSDL, with the voting window running from September 27, 2025 (9:00 AM) to October 26, 2025 (5:00 PM). The cut-off date for eligibility to vote is September 19, 2025. The shift also requires approval from the Central Government (Regional Director) and will involve amending the company's Memorandum of Association.
This is a routine corporate restructuring move and is not expected to materially affect shareholders. The shift to Gurgaon, where the company already has a presence and hotel operations, is likely a cost and efficiency-driven decision with no direct financial impact on investors.