Apeejay Surrendra Park Hotels Limited has announced a postal ballot notice to seek shareholder approval for the appointment of an Independent Director. The company has engaged MUFG Intime India Private Limited to facilitate the remote e-voting process, which will be conducted exclusively through electronic means in compliance with Ministry of Corporate Affairs circulars.

Special Business Resolution

The primary agenda item is the appointment of Mr. Raveesh Kumar Bhatia (DIN: 11618896) as an Independent Director of the Company. The Board of Directors has recommended the appointment for a term of five consecutive years, effective from March 27, 2026, to March 26, 2031. Mr. Bhatia was initially appointed as an Additional Director by the Board and has submitted the necessary declarations confirming his independence and eligibility under the Companies Act, 2013, and SEBI Listing Regulations.

Remote E-Voting Schedule

Shareholders registered as of the cut-off date, Friday, May 08, 2026, are eligible to participate in the voting process. The remote e-voting facility will be available during the following period:

The company has clarified that physical copies of the postal ballot notice and forms are not being dispatched. Members must cast their votes through the remote e-voting system, and votes once cast cannot be modified.

Director Profile

Mr. Raveesh Kumar Bhatia holds an MBA in Marketing & Finance from the Indian Institute of Management Ahmedabad and a bachelor's degree in Commerce from Panjab University. He brings over 36 years of experience, including significant tenures in senior client relationship management and revenue generation roles with leading Indian private sector and international banks. His expertise spans strategy, leadership, financial risk management, and governance.

Voting Results and Compliance

The results of the postal ballot will be announced within two working days from the close of remote e-voting. Mr. Harish Chawla has been appointed as the Scrutinizer to oversee the process. The resolution, if passed, will be deemed to have been approved at a general meeting held on the date of the end of the remote e-voting facility, June 13, 2026. The notice and relevant documents are available on the company's website.

ApeeJay Surrendra Park Hotels has announced the signing of two new hotel management agreements, expanding its operational footprint into key religious tourism destinations across India.

Strategic Expansion into Religious Tourism Markets

The hospitality company has secured management deals for properties in Ayodhya and Ujjain, both significant pilgrimage destinations that attract millions of visitors annually. These locations represent strategic additions to the company's portfolio, capitalizing on the growing religious tourism sector in India.

Deal Overview

Market Positioning

The expansion into Ayodhya and Ujjain positions ApeeJay Surrendra Park Hotels to serve the substantial tourist and pilgrim traffic in these culturally significant cities. Ayodhya, known for its religious importance in Hindu tradition, and Ujjain, one of the seven sacred cities in Hinduism, both represent high-potential markets for hospitality services.

These management agreements align with the company's strategy to establish presence in destinations with consistent visitor demand driven by religious and cultural tourism. The deals demonstrate ApeeJay's commitment to expanding its operational reach across diverse Indian markets.