Graviss Hospitality Limited has scheduled a postal ballot to seek shareholder approval for the re-appointment of Mr. Romil Ratra as Whole-time Director and to approve the expansion of The Mansion House (TMH) in Alibaug. The resolutions will be decided through remote e-voting, which commences on June 05, 2026, and concludes on July 04, 2026. The outcome of the ballot will be announced on or before July 07, 2026.

The Board of Directors has recommended the re-appointment of Mr. Romil Ratra (DIN: 06948396) as Whole-time Director, designated as CEO & Whole-time Director, for a further period of five years with effect from March 01, 2026. The resolution seeks approval for remuneration for a period of three years, as detailed in the explanatory statement. Mr. Ratra has been associated with the company since 2020, and the company reports that its standalone revenue increased from approximately ₹39 crores at the time of his joining to approximately ₹62 crores as of March 2026.

Shareholders are also asked to approve the expansion and development of TMH, Alibaug, which involves material related party transactions. The proposal includes the sale of agricultural land bearing Gat No. 342, admeasuring 2,760 square meters, owned by the company's materially unlisted wholly-owned subsidiary Graviss Hotels and Resorts Limited (GHRL), to Hotel Kanakeshwar LLP (HKLLP). The sale consideration is set at ₹1,80,00,000. HKLLP is an entity owned by Mr. Gaurav Ghai, the promoter of Graviss Hospitality Limited.

The expansion strategy aims to add up to 100 rooms along with food and beverage facilities to the existing 25-room property. The company states that the expansion is necessary to qualify for incentives under the Government of Maharashtra’s Tourism Policy 2024 and to create a contiguous land parcel for maximizing Floor Space Index (FSI). The transaction is based on a valuation report dated January 31, 2026, from M/s. Anmay Infra Projects, which assessed the fair market value of the land at ₹1,16,02,559.76, while the book value as of March 31, 2025, was ₹1,76,57,000.

Furthermore, the company proposes to enter into a management agreement with HKLLP on terms similar to the existing agreement dated January 01, 2019, to manage and operate the expanded TMH. The management fees will be based on a revenue-sharing arrangement in the ratio of 90:10 between the company and HKLLP, respectively. The tenure of the management agreement is proposed to be 20 years.

Mr. Martinho Ferrao, Proprietor of M/s. Martinho Ferrao & Associates, has been appointed as the Scrutinizer to conduct the postal ballot process. The company has engaged the services of MUFG Intime India Private Limited to facilitate the remote e-voting process. Shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of May 29, 2026, are eligible to vote.

Graviss Hospitality Limited has appointed Mr. Amrit Mirpuri as an Additional Director (Non-Executive and Non-Independent Director) effective June 01, 2026. The Board of Directors approved the appointment during its meeting held on Monday, June 01, 2026. The company confirmed that the appointee is not debarred from holding the office of director by any SEBI order or other authority.

The decision was based on the recommendation of the Nomination and Remuneration Committee of the Board. Mr. Amrit Mirpuri brings approximately 35 years of professional experience in real estate development and construction management to the role. His profile indicates extensive contacts with suppliers, vendors, OEMs, and other partners involved in building development, alongside involvement in philanthropic initiatives with institutions like Tata Memorial Hospital.

Board Meeting Details

The Board meeting commenced at 11:30 A.M (IST) and concluded at 11:45 A.M (IST). During the meeting, the Board also noted the cessation of Mr. Ravi Ghai (DIN: 00074612) pursuant to Section 167(1)(b) of the Companies Act, 2013, effective May 22, 2026. This cessation was previously disclosed to the stock exchanges on May 22, 2026.

The disclosure regarding the new appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The necessary details were submitted as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

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