Advani Hotels & Resorts (India) Limited has successfully completed its postal ballot process, with shareholders providing overwhelming support for the proposed amendment to the company's Articles of Association. The results, declared on January 12, 2026, demonstrate strong shareholder confidence in the proposed changes.

Voting Results and Participation

The postal ballot process witnessed significant shareholder participation, with detailed voting statistics reflecting broad-based support across all categories of shareholders.

The voting process was conducted entirely through remote e-voting, facilitated by National Securities Depository Limited (NSDL) as the Electronic Voting Service Provider. The e-voting period commenced on December 12, 2025, at 9:00 AM IST and concluded on January 10, 2026, at 5:00 PM IST.

Category-wise Voting Breakdown

The resolution received unanimous support from promoter and institutional categories, with minimal dissent from public non-institutional shareholders.

Regulatory Compliance and Process

The postal ballot was conducted in strict compliance with the provisions of Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. BNP & Associates, Company Secretaries, Mumbai, were appointed as scrutinizers to ensure fair and transparent conduct of the voting process.

The postal ballot notice was sent electronically to 39,393 members (96.55% of total shareholders) who had registered email addresses with the company or depositories. For the remaining 1,405 members without registered email addresses, public notices were published in "Financial Express" (English) and "Mumbai Lakshdeep" (Marathi) newspapers on December 11, 2025.

Resolution Details and Implementation

The special resolution pertained to the approval for alteration of the Articles of Association of the Company. The resolution is deemed to have been passed on January 10, 2026, being the last date of remote e-voting, though the results were formally declared on January 12, 2026.

The scrutinizer's report confirmed that all regulatory requirements were met, with proper maintenance of voting records including member details, share holdings, and voting preferences. The voting results have been uploaded on the company's website at www.caravelabeachresortgoa.com and NSDL's website at www.evoting.nsdl.com , ensuring transparency and accessibility for all stakeholders.

Advani Hotels & Resorts (India) Limited has issued an official postal ballot notice dated December 2, 2025, seeking shareholder approval to amend its Articles of Association. The company aims to add Article 53A, which would authorize share buybacks subject to applicable legal limits.

Postal Ballot Notice Details

Board Resolution and Strategic Intent

The Board of Directors, in its meeting held on December 2, 2025, approved the proposal to explore various options for enhancing shareholder value and returns, including share buybacks and other permissible instruments. The Board has decided to form a committee comprising some Board members to further explore these options and make appropriate recommendations.

Proposed Amendment Details

The company seeks to insert new Article 53A after existing Article 53 in its Articles of Association. The proposed article states:

Buy-back Article 53A: "Notwithstanding anything contained in these Articles, the Company may, when and if thought fit, buy back such of the Company's own shares or securities as it may think necessary, subject to such limits, upon such terms and conditions, and subject to such approvals, as may be permitted by the provisions of applicable law."

E-voting Process and Compliance

The company has engaged NSDL as the authorized agency for electronic voting services. Shareholders holding shares in physical mode who haven't updated their email addresses are requested to register the same as per the instructions provided in the notice.

Regulatory Compliance

The postal ballot process complies with Sections 108 and 110 of the Companies Act, 2013, along with applicable rules and SEBI Listing Regulations. The company has appointed practicing company secretaries from M/s. BNP Associates as scrutinizers to oversee the voting process in a fair and transparent manner.

Next Steps

Eligible shareholders can participate in the e-voting process to determine the company's ability to implement share buyback programs in the future. The resolution, if passed by requisite majority, will be deemed passed on January 10, 2026. Results will be communicated to stock exchanges and displayed on the company's website immediately after declaration.