Apeejay Surrendra Park Hotels Limited has informed the Exchange regarding Notice of Postal Ballot
PARKHOTELS · price
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Apeejay Surrendra Park Hotels Limited is seeking shareholder approval via postal ballot (remote e-voting only) to appoint Mr. Raveesh Kumar Bhatia as an Independent Director for a 5-year term from March 27, 2026 to March 26, 2031. Mr. Bhatia, aged 60, is a finance professional with 36 years of experience including 29 years in senior client relationship roles at leading banks, holding an MBA from IIM Ahmedabad. He was initially appointed as Additional Director (Independent) by the Board effective March 27, 2026, and this postal ballot seeks member confirmation. The e-voting period runs from May 15, 2026 to June 13, 2026, with results to be declared by June 16, 2026. The appointment requires a special resolution (75% shareholder majority).
This is a routine corporate governance matter. The appointment of an experienced independent director with strong finance and banking expertise may positively impact the company's governance standards and strategic financial oversight. No material impact on stock price expected from this routine appointment.