News Corporate Actions Brigade Hotel Ventures Limited Declares Postal Ballot Results Under Regulation 30Brigade Hotel Ventures Limited Declares Postal Ballot Results Under Regulation 30
Brigade Hotel Ventures Limited officially announced postal ballot results under Regulation 30, with shareholders overwhelmingly approving the appointment of Mr. Mysore Ramachandrasetty Jaishankar as Non-Executive Director and M/s. ASR & Co. as Secretarial Auditors for FY2025-26. The remote e-voting process achieved 94.0646% participation with both resolutions receiving 99.9985% approval rates.
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Brigade Hotel Ventures Limited has officially declared the results of its postal ballot process on March 05, 2026, filing the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company successfully concluded shareholder voting on key corporate governance matters through remote e-voting system, with both resolutions receiving overwhelming approval from shareholders.
Postal Ballot Process Framework
The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, along with applicable MCA circulars and listing regulations. The company engaged KFin Technologies Limited to provide remote e-voting facilities to equity shareholders for the proposed resolutions.
| Parameter: | Details |
|---|---|
| Notice Date: | January 28, 2026 |
| E-voting Period: | February 04, 2026 to March 05, 2026 |
| Cut-off Date: | January 30, 2026 |
| Total Shareholders: | 41,605 |
| Scrutinizer: | CS Pramod S M, BMP & Co. LLP |
| Results Declaration: | March 05, 2026 |
Resolution Details and Voting Outcomes
Shareholders voted on two ordinary resolutions, both achieving near-unanimous approval. The first resolution concerned the appointment of Mr. Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as a Non-Executive, Non-Independent Director, who was initially appointed as Additional Director by the Board on December 16, 2025. The second resolution involved appointing M/s. ASR & Co. as Secretarial Auditors for financial year 2025-26 at a remuneration of Rs. 2,00,000 plus taxes and expenses.
| Resolution: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Director Appointment: | 357,291,938 | 5,383 | 99.9985% |
| Secretarial Auditor Appointment: | 357,292,113 | 5,208 | 99.9985% |
| Total Ballots Cast: | 404 | 14 (against first) / 13 (against second) | - |
Shareholder Participation Analysis
The postal ballot demonstrated exceptional shareholder participation with 357,297,321 votes polled out of 379,842,565 eligible shares, representing 94.0646% voting turnout. The Promoter and Promoter Group category, holding 281,430,000 shares, achieved 100% participation with unanimous support for both resolutions. Public institutions with 78,949,558 shares recorded 95.6428% participation, while public non-institutional shareholders showed 1.8382% participation rate.
Regulatory Compliance and Documentation
The entire process was supervised by CS Pramod S M, Designated Partner of BMP and Co. LLP, who served as the appointed scrutinizer. The scrutinizer's report confirmed compliance with all procedural requirements under the Companies Act, 2013 and SEBI regulations. Managing Director Nirupa Shankar (DIN: 02750342) digitally signed the regulatory filing on March 05, 2026, ensuring timely disclosure to NSE and BSE under the company's scrip symbol BRIGHOTEL and scrip code 544457.
The successful completion of this postal ballot process enables Brigade Hotel Ventures Limited to proceed with the approved appointments, strengthening its corporate governance framework and audit oversight for the financial year 2025-26.
Historical Stock Returns for Brigade Hotel Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.16% | -6.80% | -5.38% | -30.52% | -31.59% | -31.59% |
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