Advent Hotels International Limited has successfully concluded its postal ballot voting process with overwhelming shareholder support for a key resolution related to material related party transactions. The company announced the results on March 16, 2026, demonstrating strong investor confidence in the proposed corporate actions.

Voting Results and Participation

The postal ballot achieved significant shareholder participation, with comprehensive voting data across different investor categories:

The overall voting participation reached 12.46% of outstanding shares, with 6,719,976 valid votes polled out of the total 53,942,887 shares. The resolution received exceptional support with 99.90% votes in favour and only 0.10% against.

Resolution Details

The postal ballot sought shareholder approval for material related party transactions with two key subsidiaries:

• BD&P Hotels (India) Private Limited: A subsidiary where Advent Hotels holds 75% economic interest and voting rights
• Goan Hotels And Realty Private Limited: A wholly owned subsidiary of the company

The resolution was classified as a special business item requiring shareholder consent under regulatory provisions.

Voting Process and Timeline

The postal ballot process was conducted entirely through electronic voting, following regulatory guidelines:

The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL) for the entire voting process. Notice of the postal ballot was sent via email to 76,023 members who had registered their email addresses with the company, depositories, or registrar and share transfer agents.

Regulatory Compliance and Scrutiny

Mr. Vicky Kundaliya, a Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed the fairness and transparency of the voting process, conducted in accordance with Section 110 of the Companies Act, 2013, and related rules.

The company has made the voting results available on its website at www.adventint.in and on NSDL's e-voting platform at www.evoting.nsdl.com , ensuring transparency and accessibility for all stakeholders.

Corporate Structure

Advent Hotels International Limited, formerly known as Shiva Realtors Suburban Private Limited, operates in the hospitality sector with its registered office located at 7th Floor, Resham Bhavan, Veer Nariman Road, Churchgate, Mumbai. The company maintains strategic investments in subsidiary companies as part of its business expansion and operational strategy.

Advent Hotels International Limited has officially approved seeking shareholder consent for the sale of its stake in Bamboo Hotel and Global Centre (Delhi) Private Limited to Valor Estate Limited. The board meeting held on March 5, 2026, formalized the material related party transaction valued at approximately ₹596.70 crores, along with significant loan assignment arrangements.

Transaction Structure and Financial Details

The approved transaction involves the sale of 9,89,900 Class A equity shares of Bamboo Hotels at ₹6,028.54 per share. Additionally, Advent Hotels will execute a deed of assignment to transfer existing outstanding loans aggregating to approximately ₹1,058.89 crores granted to Bamboo Hotels.

Target Company Financial Position

Bamboo Hotel and Global Centre (Delhi) Private Limited operates in the hotel and hospitality sector with a reported net worth of ₹79.23 crores. The company has maintained nil turnover and revenue during recent periods, indicating its current operational status within the hospitality portfolio.

Related Party Transaction Framework

The transaction qualifies as a material related party transaction since Valor Estate Limited shares common promoters and promoter groups with Advent Hotels. Advent Hotels, formerly known as Shiva Realtors Suburban Private Limited, is the resulting company from an NCLT Mumbai demerger order. The transaction pricing has been determined at arm's length based on an independent registered valuer's report.

Approval Timeline and Settlement

The transaction requires approval from shareholders of both companies and existing lenders of Bamboo Hotels. Upon receiving necessary approvals, the sale will be completed within 60 days unless mutually extended by the parties. The consideration receivable will be settled against existing outstanding receivables, streamlining the financial settlement process.

Advent Hotels has informed BSE and NSE about the board meeting outcome in compliance with SEBI listing regulations, ensuring transparent disclosure of this significant corporate restructuring initiative.