Announced Tue, 16 Jun · 16:54 IST
Postal Ballot: Independent Director appointment approved with 99.99% votes
Board & Shareholder Meetings View source PDF
PARKHOTELS · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹119.99
prior close
₹120.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.1+0.1+0.8+0.8+1.2+4.4+0.8+3.0-0.3+4.9+5.1——
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AI summary
Apeejay Surrendra Park Hotels conducted a postal ballot to appoint Mr. Raveesh Kumar Bhatia as Independent Director (Special Resolution). Of 21.33 crore total shares, 17.22 crore (80.72%) were voted. 99.99% voted in favour (17,22,26,345 shares) vs 0.01% against (12,977 shares). Resolution passed with requisite majority. Scrutinizer: Harish Chawla of CL & Associates.
Likely market impact
Mr. Raveesh Kumar Bhatia confirmed as Independent Director; near-unanimous shareholder support reflects strong governance approval.