Postal Ballot: Independent Director Appointed with 99.99% Approval

Board & Shareholder Meetings View source PDF

PARKHOTELS · price

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AI summary

Apeejay Surrendra Park Hotels announced postal ballot results for the appointment of Mr. Raveesh Kumar Bhatia (DIN: 11618896) as Independent Director. The special resolution passed with 99.99% approval — 17.22 crore shares in favor versus just 12,977 against — out of 199 valid votes. E-voting ran May 15 to June 13, 2026. Total share capital is Rs. 21.34 crore spread across 51,810 shareholders.

Likely market impact

Near-unanimous shareholder approval; routine board appointment with no material effect on stock price.