Advent Hotels International Limited shareholders approved all four agenda items at the 20th Annual General Meeting held on September 29, 2026, with voting results declaring near-unanimous support for key corporate actions.

The meeting, conducted via video conferencing, saw the adoption of audited financial statements for FY26 and the appointment of Himmat Singh Sandhu as Managing Director and Chief Executive Officer. Shareholders also approved the re-appointment of Mohammed Salim Balwa as a director and an increase in authorized share capital.

Voting results summary

The Scrutinizer's report confirmed that all resolutions passed with requisite majorities through remote e-voting and e-voting at the AGM. The promoter and promoter group held 25,726,068 shares, casting 23,161,510 votes in favor across all items.

Key resolutions passed

The following businesses were transacted at the AGM:

• Adoption of audited standalone and consolidated financial statements for FY26
• Re-appointment of Mohammed Salim Balwa (DIN: 07939288) as Director
• Appointment of Himmat Singh Sandhu (DIN: 11917469) as Managing Director and CEO
• Increase in authorized share capital and alteration of Memorandum of Association

The company provided remote e-voting facilities prior to the meeting and allowed e-voting during the session. Voting results are expected to be declared within two working days of the conclusion of the AGM, upon receipt of the Scrutinizer's report. These results will be communicated to stock exchanges and published on the company website.

The meeting commenced at 3:00 pm and concluded at 3:37 pm.

Advent Hotels International Limited announced the resignation of Rajeev RA as an Independent Director, effective September 25, 2026. The departure stems from a regulatory conflict involving a pending loan facility from an NBFC where he also serves on the board.

The resignation was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his resignation letter, Rajeev RA cited Paragraph 2(c) of RBI Circular No. RBI/2022-23/29 dated April 19, 2022. This circular restricts Non-Banking Financial Companies (NBFCs) from granting financial facilities to companies that share a common director.

Regulatory Compliance and Conflict of Interest

Rajeev RA served as an Independent Director on the board of both Advent Hotels International and Authum Investment & Infrastructure Limited. The latter is an NBFC from which Advent Hotels is seeking a financial loan. The director stated that his continuance on the board would be inconsistent with the aforementioned regulatory requirement, prompting his resignation in the best interest of the company.

Upon resignation, he ceased to be a member of various statutory committees within the company. He confirmed there were no other material reasons for his departure beyond the regulatory constraint described.

Directorship Details

The disclosure highlights the specific overlap in directorships that triggered the regulatory issue:

The filing confirms that Rajeev RA held no membership in the Board Committee of Authum Investment & Infrastructure Limited at the time of resignation. The company’s Company Secretary, Chirag Sojitra, submitted the necessary disclosures to both BSE and NSE listing departments to ensure compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.