Royal Orchid Hotels Ltd. has announced the successful launch of its newest property, Regenta Place Iris Park in Rishikesh, Uttarakhand. This strategic expansion marks the company's entry into one of India's most revered spiritual and adventure destinations, introducing the Regenta Place brand to the world's yoga capital.

Strategic Location and Property Overview

Regenta Place Iris Park is strategically positioned in the heart of Rishikesh along the Badrinath Highway near Nim Beach Road. The location provides guests with convenient access to the city's spiritual landmarks while maintaining a peaceful atmosphere conducive to relaxation and spiritual exploration.

Accommodation and Room Categories

The property features 36 thoughtfully designed accommodations across three distinct categories, each offering modern amenities and comfort tailored to different guest preferences.

Dining and Event Facilities

The hotel offers comprehensive dining and event spaces designed to accommodate various guest needs, from intimate dining experiences to large corporate gatherings and social celebrations.

Restaurant and Lounge Facilities

• Pinxx: Multi-cuisine restaurant located on the sixth floor, serving Indian, Chinese, and Continental cuisine with stunning views (56 covers)
• Sky High Lounge: 3,000.00 sq. ft. rooftop venue offering panoramic views of the mountains and Ganga, suitable for open-air meetings, parties, and corporate gatherings

Banquet and Conference Facilities

• Orchid Hall: Versatile 4,040.00 sq. ft. banquet space on the first floor, accommodating 200-250 guests for conferences and social celebrations

Additional Amenities and Services

The property provides a comprehensive range of modern amenities designed to enhance the guest experience:

• Swimming pool for recreation and relaxation
• Proposed spa and health club facilities
• Game zone for entertainment
• High-speed Wi-Fi connectivity throughout the property
• 24-hour in-room dining service
• Modern conveniences and hospitality services

Management Commentary

Chander K. Baljee, Chairman and Managing Director of Royal Orchid Hotels Ltd., commented on the launch: "The launch of Regenta Place Iris Park, Rishikesh is a proud addition to our growing portfolio and a key step in our 2030 expansion roadmap. Rishikesh, the world's yoga capital, is a land of spirituality, adventure, and tranquility. With this property, we are delighted to bring the warmth and genuine hospitality of the Royal Orchid family to every pilgrim, adventure enthusiast, and modern traveler seeking both peace and comfort in this sacred destination."

About Royal Orchid Hotels

Royal Orchid Hotels operates as one of India's fastest-growing hotel chains, primarily focusing on 5-star, 4-star properties, and resorts. The company currently operates 119+ hotels across India, targeting discerning business and leisure travelers. The Regenta brand serves as an extension of the Royal Orchid Hotel Group, designed to cater to travelers who value both convenience and affordability, encompassing various categories including Regenta, Regenta Central, Regenta Resort, Regenta Place, and Regenta Inn.

Royal Orchid Hotels Limited has issued a comprehensive postal ballot notice dated April 02, 2026, seeking shareholder approval for significant executive appointments and remuneration adjustments. The company has confirmed the dispatch through newspaper advertisements and outlined two key proposals that require member approval through the e-voting process.

Newspaper Advertisement Confirmation

The company has issued a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the dispatch of postal ballot notices through newspaper advertisements. The advertisements were published in Financial Express (English Version) on page 13 and Vijayavani (Kannada Version) on page 4, providing comprehensive voting information to shareholders.

Executive Leadership Changes

The primary proposal involves changing the designation of Mr. Keshav Baljee (DIN: 00344855) from Non-Executive Director to Whole-Time Director designated as Executive Director. This appointment is proposed for a five-year term effective from February 14, 2026, with a monthly remuneration of ₹10,00,000/- (Rupees Ten Lakhs only).

Mr. Keshav Baljee is a graduate from Wharton School, University of Pennsylvania, USA, and holds an MBA in Finance from the Indian School of Business (ISB), Hyderabad. He has been serving as a Non-Executive Director since November 11, 2019, providing strategic guidance to the company. The management cited operational requirements to operate 120+ hotels and the need for dedicated executive oversight as key reasons for this transition.

Remuneration Enhancement for President

The second proposal seeks approval for increasing the monthly remuneration of Mr. Arjun Baljee, President of the company. His compensation would increase from ₹5,00,000/- to ₹7,50,000/- per month from the company, with his total monthly remuneration from Royal Orchid Hotels and its subsidiary, Maruti Comforts & Inn Private Limited, reaching ₹10,00,000/-.

Mr. Arjun Baljee brings over 22 years of experience in hospitality, real estate, and tech startups. He holds a B.Sc. in Hospitality Management from Cornell University and an MBA from QUT and IIM Bangalore. Since his appointment as President on March 19, 2024, he has overseen major projects including the Iconiqa Hotel, Mumbai (300-room Mumbai Masa Hotel).

Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facilities to shareholders. Mr. Pradeep B. Kulkarni (Membership No. FCS 7260; CP 7835), Company Secretary and partner at V Sreedharan & Associates, has been appointed as the Scrutinizer for the postal ballot process.

Corporate Governance Compliance

Both proposals are based on recommendations from the Board of Directors, Audit Committee, and Nomination and Remuneration Committee meetings held on February 14, 2026. The appointments align with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depository participants. The notice is also available on the company's website and stock exchange platforms where Royal Orchid Hotels shares are listed. Family relationships within the leadership structure include Mr. Keshav Baljee and Mr. Arjun Baljee being sons of Mr. Chander K. Baljee (Chairman & Managing Director) and Mrs. Sunita Baljee (Non-Executive Director), highlighting the promoter group's continued involvement in the company's executive management.