Royal Orchid Hotels Limited has disclosed the detailed voting results for its 40th Annual General Meeting (AGM) held on September 26, 2026. The disclosure reveals a significant divergence between promoter and public institutional shareholder votes, particularly regarding the adoption of FY26 financial statements and director reappointments.

The meeting, conducted via video conferencing, saw shareholders adopt the audited standalone and consolidated financial statements for FY26. While the resolutions passed with requisite majorities, the breakdown of votes highlights distinct patterns in shareholder sentiment across different categories.

Key resolutions passed

Shareholders voted on four agenda items, all requiring ordinary or special resolutions. The key outcomes included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Declaration of a final dividend of ₹2.50 per equity share.
• Reappointment of Sunita Baljee as director retiring by rotation.
• Reappointment of Venkata Ramana Murthy Pinisetti as Independent Director for a second term via special resolution.

Voting results breakdown

The scrutinizer, Pradeep B Kulkarni of V Sreedharan & Associates, reported that the remote e-voting period ran from September 23 to September 25, 2026. Votes were unblocked on September 26, 2026. The detailed voting tally for each resolution is as follows:

The dividend resolution received near-unanimous support from valid votes cast, while the other three resolutions secured approximately 93.67% in favour.

Category-wise voting analysis

The newly disclosed data provides a granular view of how different shareholder categories voted. Promoters and promoter group members held 17,569,881 shares and voted unanimously in favour of all four resolutions. In contrast, public institutions, holding 2,678,158 shares, showed substantial dissent on non-dividend items.

For Resolution 1 (Adoption of Financials), public institutions cast 1,193,595 votes against, representing 96.05% of their polled votes. Similarly, for Resolutions 3 and 4 (Director Reappointments), public institutions voted against with 96.05% of their polled votes. Public non-institutional shareholders largely supported all resolutions, with over 99% of their polled votes in favour across all items.

Audit qualification highlighted

The Statutory Auditor’s Report contained one audit qualification. Amit Jaiswal, Chief Financial Officer, briefed members on the nature of this qualification during the proceedings. The Chairman, Chander K. Baljee, stated that the requisite quorum was present and that all Directors and Auditors attended the meeting.

What the numbers show

The voting data reveals a clear split between promoter alignment and institutional skepticism. Promoters, who hold approximately 64% of the total shares (17.57 million out of 27.42 million), voted unanimously for all resolutions. However, public institutions, despite holding a smaller stake of roughly 9.8%, contributed nearly all the dissenting votes. Specifically, institutions voted against the adoption of financials and director reappointments with over 96% of their participating votes. This suggests that while the resolutions passed comfortably due to promoter backing, there is significant unease among institutional investors regarding the company's governance or financial reporting standards, likely linked to the noted audit qualification.

Voting and scrutiny process

Pradeep B Kulkarni, Practicing Company Secretary, was appointed as the Scrutinizer to conduct the remote e-voting process and voting at the AGM. The Scrutinizer’s Report and consolidated voting results have now been uploaded to the company’s website and stock exchange platforms. The electronic data and relevant records relating to the e-voting remain in the safe custody of the scrutinizer until handed over to the Company Secretary.

Royal Orchid Hotels Ltd has launched Regenta Place, Golden Castle, Baddi, a 43-key hotel in Himachal Pradesh. The property strengthens the group's presence in North India's key industrial and pharmaceutical hubs.

The new hotel operates through subsidiary Regenta Hotels Private Limited. It is strategically located on Kalka-Baddi Road (NH-105), approximately 2 km from Baddi Bus Stand, 27 km from Chandigarh Railway Station, and 50 km from Chandigarh Airport. This location provides convenient access to Baddi's industrial belt and surrounding regions.

Property features and amenities

Regenta Place, Golden Castle, Baddi offers contemporary accommodation designed for business and leisure travellers. The property combines comfortable rooms with versatile event spaces and wellness facilities. Key amenities include:

• 43 well-appointed rooms across Suite, Super Deluxe, Deluxe, and Executive categories
• PINXX, a multi-cuisine restaurant serving Indian, Chinese, and Continental cuisine
• Sky Bar and Lounge, an open terrace bar and restaurant
• Two banquet halls and a meeting room for corporate events, weddings, and conferences
• Approximately 12,000 sq ft expansive lawn for outdoor celebrations
• Swimming pool and spa for leisure and relaxation
• 24-hour in-room dining and high-speed Wi-Fi connectivity

Strategic expansion in North India

Chander K. Baljee, Chairman & Managing Director, stated that the presence of Regenta Place, Golden Castle, Baddi is an important milestone in continued expansion across key industrial destinations. He noted that Baddi’s status as a major pharmaceutical and industrial hub makes it a strategic market for the business traveller segment.

Keshav Baljee, Whole Time Director, added that Baddi’s position creates consistent demand for quality hospitality. The property reinforces the strategy to establish a reliable presence in important regional centres across North India.

What the numbers show

The launch highlights a focused growth strategy targeting specific industrial clusters rather than broad geographic expansion. With only 43 keys, the property represents a niche addition to the portfolio of over 125 hotels operated by Royal Orchid and Regenta brands. The emphasis on event spaces, including two banquet halls and a 12,000 sq ft lawn, suggests a dual revenue model catering to both transient corporate stays and high-value social gatherings such as weddings.