Intimation of the Voting Results of Postal Ballot pursuant to Regulation44 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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Sayaji Hotels (Indore) Limited has announced the results of its postal ballot (e-voting) conducted between March 24 and April 22, 2025. Two special resolutions were passed with overwhelming shareholder approval of 99.9985%. Resolution 1 was the appointment of Mr. Saquib Salim Agboatwala (DIN: 06611639) as a Non-Executive Independent Director, and Resolution 2 was the appointment of Mrs. Preeti Gupta (DIN: 06537730) as a Non-Executive Independent Woman Director. Out of 1,563,805 total valid votes cast, only 24 votes were against each resolution. The promoter group (holding 1,342,904 shares) voted 100% in favor, and public non-institutional shareholders (holding 1,703,701 shares) also voted 99.99% in favor. Scrutinizer Neelesh Gupta, Practicing Company Secretary, confirmed both resolutions passed with the requisite majority.
The board now has two new independent directors, strengthening board composition and gender diversity. With near-unanimous shareholder approval, this is a routine governance matter with no expected material impact on stock price.