In terms of the Regulation 44 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Voting Results on the special businesses transacted through Postal Ballot Notice dated April 02, 2026.
ROHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Royal Orchid Hotels Ltd conducted a postal ballot on May 3, 2026, for two special businesses. Resolution 1 approves the change in designation of Mr. Keshav Baljee from Non-Executive Director to Whole-time Director (Executive Director). Resolution 2 approves increasing the remuneration of Mr. Arjun Baljee as President of the company. Both resolutions were passed with 93.73% shareholder approval (17.6 million votes in favor vs 1.18 million against). Promoter group voted 100% in favor, while public institutional investors voted significantly against both resolutions (96.39% against). Total voter turnout was 68.5% of outstanding shares.
Both resolutions passed despite strong opposition from institutional investors, suggesting promoter-controlled outcomes. The change in director designation strengthens the Baljee family's executive control, while the remuneration increase for Mr. Arjun Baljee represents a related-party transaction that may raise governance concerns for minority shareholders.