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.

Royal Orchid Hotels has announced the signing of a hotel management agreement for a new Regenta hotel property in Mundra, Gujarat. The development, announced through a regulatory filing under Regulation 30, marks another step in the company's asset-light expansion strategy within India's hospitality sector.

Hotel Development Specifications

The new property details and operational timeline are outlined below:

Comprehensive Amenities and Facilities

The upcoming Regenta Hotel, Mundra will feature premium facilities designed for business travelers and logistics professionals. The property will include a signature all-day dining restaurant, wellness amenities comprising a swimming pool, fully-equipped gym, and rejuvenating spa. Additionally, the hotel will provide extensive parking facilities with capacity for over 150 vehicles.

Banquet and Event Facilities

The hotel will serve as a premier venue for corporate gatherings and social celebrations, featuring expansive banquet facilities:

Strategic Partnership and Management Quotes

The property will be developed in partnership with Bonava Hospitality LLP. According to Mr. Chander K. Baljee, Chairman & Managing Director of Royal Orchid & Regenta Hotels Ltd., "The signing of Regenta Hotel, Mundra aligns seamlessly with our vision of expanding our footprint in high-growth economic hubs. This property will deliver the distinctive hospitality experience that defines the Regenta brand in Gujarat's industrial landscape."

The Directors of Bonava Hospitality LLP expressed confidence in the partnership, stating they are "delighted to partner with Royal Orchid & Regenta Hotels for this landmark development in Mundra" and expect the hotel to "set new benchmarks in hospitality for the region."

Market Positioning and Expansion Strategy

The Mundra location positions the hotel in one of Gujarat's significant industrial and port cities, providing access to business travelers and corporate clientele visiting the region for industrial and trade activities. This agreement represents Royal Orchid Hotels' continued focus on expanding its hospitality portfolio through asset-light management agreements, strengthening its presence in key business destinations across India.