Royal Orchid Hotels Limited has published newspaper advertisements for its corrigendum to the postal ballot notice dated April 02, 2026, following formal communication to stock exchanges on April 24, 2026. The corrigendum addresses critical corrections in corporate governance matters requiring shareholder approval through remote e-voting.

Stock Exchange Communication

The company formally notified both Bombay Stock Exchange Limited and National Stock Exchange of India Limited about the newspaper publication of the corrigendum under Regulation 30 of SEBI (LODR) Regulations 2015. Chief Financial Officer Amit Jaiswal signed the communication, confirming the advertisements were published in Financial Express (English) on page 18 and Vijayavani (Kannada) on page 4 dated April 24, 2026.

Key Corrections Made

The primary correction involves the designation change of Mr. Keshav Baljee (DIN: 00344855) from Non-Executive Director to Whole-Time Director. The company inadvertently omitted to state that he shall be liable to retire by rotation in his new executive capacity.

Postal Ballot Agenda Items

The postal ballot seeks shareholder approval for two resolutions:

Special Resolution (Item 1): Change in designation of Mr. Keshav Baljee from Non-Executive Director to Whole-Time Director designated as Executive Director, with a monthly remuneration of ₹10,00,000/- for a period of 5 years, effective February 14, 2026.

Ordinary Resolution (Item 2): Increase in monthly remuneration of Mr. Arjun Baljee, President, from ₹5,00,000/- to ₹7,50,000/-, making his total monthly remuneration from the Company and its subsidiary Maruti Comforts & Inn Private Limited ₹10,00,000/- per month, effective February 14, 2026.

Voting Timeline and Process

Compliance and Transparency Measures

The corrigendum has been distributed to all shareholders via email and is available on the company's website at www.royalorchidhotels.com , as well as on stock exchange websites and CDSL's e-voting platform. The company emphasized that this corrigendum is purely clarificatory in nature and issued to ensure accuracy and transparency in corporate records, with no changes to other contents of the Special Resolution except for the corrections specified.

Royal orchid hotels Limited has officially confirmed to stock exchanges that it does not meet the criteria for classification as a Large Corporate Entity under SEBI regulations. The company filed this intimation with both BSE and NSE on April 10, 2026, in compliance with regulatory requirements.

Regulatory Compliance Details

The confirmation was made in reference to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and subsequent circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. Royal Orchid Hotels stated that as of March 31, 2026, the company does not meet all three criteria specified in the SEBI circular for Large Corporate Entity classification.

Financial Position and Credit Rating

As part of the mandatory disclosure requirements, the company provided key financial and operational details:

The company's outstanding borrowings of 26.24 crores as of March 31, 2026, represent a key metric in determining Large Corporate Entity status under SEBI guidelines. The maintained credit rating of [ICRA]A- with a Positive outlook from ICRA Limited reflects the company's current financial standing.

Corporate Information

Royal Orchid Hotels Limited, incorporated with CIN L55101KA1986PLC007392, operates from its registered office at Golf Avenue, adjoining KGA Golf Course, HAL Airport Road, Kodihalli, Bangalore. The company is listed on both major Indian stock exchanges with BSE Scrip Code 532699.

Official Confirmation

Chief Financial Officer Amit Jaiswal signed the intimation, formally confirming the company's non-classification as a Large Entity or Corporate under the applicable SEBI criteria. This disclosure ensures compliance with regulatory transparency requirements and provides clarity to investors and stakeholders regarding the company's regulatory status.

The intimation serves as an official record for both stock exchanges and regulatory authorities, confirming Royal Orchid Hotels' current classification status under prevailing SEBI guidelines for corporate entities.