Ventive Hospitality Limited has informed the Exchange regarding Notice of Postal Ballot
VENTIVE · price
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Ventive Hospitality Limited has sent a Postal Ballot notice to shareholders seeking their approval through e-voting on two items. The first item is a Material Related Party Transaction: the company plans to provide a corporate guarantee of INR 357.18 crore (USD 39.6 million) in favour of ICICI Bank, on behalf of its 50.28%-owned Maldives-based subsidiary Kudakurathu Island Resorts Private Limited (KIRPL), which has availed a USD 36 million credit facility. This guarantee equals 110% of the sanctioned loan amount and represents 22.26% of Ventive's annual consolidated turnover of INR 1,604.7 crore, making it a material RPT under SEBI rules. The second item is the appointment of Mr. Asheesh Mohta (DIN 00358583) as a Non-Executive Non-Independent Director, who was previously inducted as an Additional Director from November 13, 2025. The e-voting window runs from December 31, 2025 to January 29, 2026, with results to be announced on or before February 1, 2026.
The corporate guarantee to the Maldives subsidiary is a support measure that helps the subsidiary secure funding at lower interest costs, which indirectly benefits the parent. Since the guarantee is sizeable (over one-fifth of consolidated turnover), shareholder approval is mandatory, and approval is expected given the transaction is with a majority-owned subsidiary. The director appointment is a routine governance item and unlikely to have a material stock price impact.