Royal Orchid Hotels Limited has informed the Exchange about Copy of Newspaper Publication
ROHLTD · price
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Royal Orchid Hotels has filed copies of newspaper advertisements published in Financial Express (English) and Vijayavani (Kannada) regarding a Postal Ballot notice sent to shareholders. The Postal Ballot seeks shareholder approval on two resolutions: (1) appointment of Mr. Sunil Sikka (DIN: 00063032) as a Non-Executive Director via Ordinary Resolution, and (2) approval for an increase in managerial remuneration of Managing Director Mr. Chander K. Baljee via Special Resolution. The Notice was dispatched on August 12, 2025 by email, with the cut-off date for eligibility set as August 2, 2025. Remote e-voting begins on August 13, 2025 at 9:00 AM and ends on September 11, 2025 at 5:00 PM, with results to be announced by September 13, 2025.
Shareholders should review and vote on the postal ballot resolutions, particularly the special resolution seeking approval for higher pay to the Managing Director, which could affect future earnings allocation. The director appointment may also influence the company's board composition and strategic direction.