Ventive Hospitality Limited has informed the Exchange about Copy of Newspaper Publication
VENTIVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ventive Hospitality Limited has published a notice in The Economics Times (English) and Maharashtra Times (Marathi, Pune edition) informing shareholders about a Postal Ballot seeking their approval. The Postal Ballot notice was originally dated May 12, 2025, and was electronically dispatched to members on May 21, 2025. There is one Special Resolution on the agenda: to create securities pursuant to a Facility Agreement dated January 20, 2025, between ICICI Bank and SS&L Beach Private Limited (SS&L) / Maldives Property Holdings Private Limited (MPHPL), which appear to be subsidiaries or related entities of the company. Members will vote through remote e-voting (via NSDL) from May 23, 2025 to June 21, 2025, with results expected on or before June 23, 2025. The cut-off date for eligibility was May 16, 2025.
This is a procedural compliance filing (newspaper publication of an already-issued postal ballot). The substantive item is the Special Resolution asking shareholders to approve pledging or creating charge on securities of two subsidiaries (SS&L Beach and Maldives Property Holdings) to secure an ICICI Bank facility. Shareholders should review the resolution and vote by June 21, 2025. The outcome does not directly affect share price but is required for the company to complete its borrowing arrangement.