ROHLTDNSERoyal Orchid Hotels Limited· HotelsLowNeutral
Announced Tue, 5 May · 15:48 IST

Royal Orchid Hotels Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot

Board & Shareholder Meetings View source PDF

ROHLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹343.85
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5-1.0-2.1-4.3-4.6-5.8-4.3-9.8-5.8
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AI summary

Royal Orchid Hotels Limited has submitted the Scrutinizer's Report for Postal Ballot conducted through remote e-voting. Two resolutions were voted upon with 68.50% shareholder participation (1,87,85,248 votes out of 2,74,25,215 equity shares). Resolution 1 sought change in designation of Mr. Keshav Baljee from Non-Executive Director to Whole-Time Director (Executive Director) - passed as Special Resolution with 93.73% assent. Resolution 2 sought increase in remuneration of Mr. Arjun Baljee, President - passed as Ordinary Resolution with majority assent. A corrigendum was issued correcting Mr. Keshav Baljee's designation to include retirement by rotation and correcting his appointment date from November 9, 2020 to November 11, 2019.

Likely market impact

Both resolutions passed with overwhelming shareholder support (~94% in favor). The promotion of Keshav Baljee to Executive Director and remuneration increase for Arjun Baljee indicate management confidence and continuity in leadership structure.