Taj GVK Hotels & Resorts has announced a significant expansion in the Bengaluru hospitality market through a new partnership with Indian Hotels Company Limited (IHCL). The company has entered into a 20-year agreement for the development of a new 5-star hotel in Yelahanka, Bengaluru.

Key Details of the Partnership

Strategic Implications

This long-term partnership between Taj GVK Hotels & Resorts and IHCL represents a substantial commitment to the Bengaluru hospitality sector. The choice of Yelahanka for the new hotel's location is noteworthy, as it's an area in north Bengaluru that has been seeing increased development in recent years.

Market Impact

The addition of a new 5-star property in Bengaluru is likely to enhance the city's premium hospitality offerings. This move by Taj GVK Hotels & Resorts could be seen as a strategic response to the growing demand for high-end accommodations in India's tech hub.

As the hospitality industry continues to recover and grow post-pandemic, this development signals confidence in the long-term prospects of the Bengaluru market. The 20-year duration of the agreement also underscores a commitment to sustained growth and presence in the region.

While specific details about the hotel's size, amenities, and expected completion date have not been disclosed, this partnership between two prominent names in the Indian hospitality sector is likely to be closely watched by industry observers and competitors alike.

Taj GVK Hotels & Resorts Limited has initiated a postal ballot process to seek shareholder approval for the appointment of two independent directors. The company is proposing to add Mr. N Sambasiva Rao and Mr. Jasthi Krishna Kishore to its board for five-year terms, subject to shareholder approval.

Proposed Appointments

Mr. N Sambasiva Rao, a retired IPS officer with an MTech from IIT Kanpur, served as the Director General of Police in Andhra Pradesh until 2017. Mr. Jasthi Krishna Kishore, a chartered accountant from the Indian Revenue Service, retired as Chief Commissioner of Income Tax.

Both candidates were initially appointed by the Board on September 9, 2025, and are now proposed for terms extending from September 9, 2025, to September 8, 2030.

Voting Process

The company has set up a remote e-voting system for shareholders to cast their votes. Key details of the voting process include:

• E-voting Period: October 6, 2025 (9:00 AM) to November 5, 2025 (5:00 PM)
• Results Declaration: By November 7, 2025
• Cut-off Date: September 26, 2025 (for determining eligible shareholders)

Mrs. V Vidya Rani has been appointed as the scrutinizer for overseeing the postal ballot process.

Director Profiles

Mr. N Sambasiva Rao (DIN: 06638926)

• Retired IPS officer (1984 batch)
• MTech from IIT Kanpur
• Served as Director General of Police, Andhra Pradesh until 2017

Mr. Jasthi Krishna Kishore (DIN: 08001625)

• Indian Revenue Service officer (1990 batch)
• Qualified Chartered Accountant
• Retired as Chief Commissioner of Income Tax in 2024

Voting Details

Shareholders can cast their votes electronically through the NSDL e-voting system. The company has provided detailed instructions for the e-voting process in the postal ballot notice.

Taj GVK Hotels & Resorts Limited emphasizes that both proposed directors meet the criteria for independence as per Section 149(6) of the Companies Act, 2013, and Regulation 16 of the SEBI Listing Regulations.

The Board of Directors recommends the approval of these appointments, viewing them as beneficial to the company's interests given the candidates' extensive experience and expertise in their respective fields.

Shareholders are encouraged to participate in the voting process to have their say in these important board appointments.