Juniper Hotels Issues Postal Ballot Notice for Mayur Chokshi's Director Appointment

Juniper Hotels Limited has issued a postal ballot notice dated December 22, 2025, seeking shareholder approval for the appointment of Mr. Mayur Chokshi as Non-Executive Independent Director. The company had initially appointed Mr. Chokshi as an Additional Non-Executive Independent Director during a board meeting held on December 18, 2025, subject to shareholder approval.

Postal Ballot Process Details

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process for shareholders. Ms. Nikita Kothari, Practicing Company Secretary (Membership Number: F10365, CP No. 13507), has been appointed as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Parameter:	Details
E-voting Start Date:	December 23, 2025 at 9:00 a.m. IST
E-voting End Date:	January 21, 2026 at 5:00 p.m. IST
Cut-off Date:	December 19, 2025
Resolution Type:	Special Resolution
Result Declaration:	Within 2 working days from closure

Director Appointment Details

Mr. Mayur Chokshi's appointment was approved by the board based on the recommendation of the Nomination and Remuneration Committee. The appointment is for a first term of two consecutive years, commencing from December 18, 2025, to December 17, 2027.

Parameter:	Details
Position:	Non-Executive Independent Director
DIN Number:	01238535
Term Duration:	Two consecutive years
Commencement Date:	December 18, 2025
End Date:	December 17, 2027
Liability to Retire:	Not liable to retire by rotation

Professional Background and Expertise

Mr. Mayur Chokshi brings over four decades of post-qualification experience as a senior Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India (FCA). He is the Founder of Mayur Chokshi & Co., a Mumbai-based chartered accountancy firm serving diversified corporate clients across multiple sectors including insurance, NBFCs, IT/ITES, FMCG, pharmaceuticals, hospitality, and telecommunications.

His expertise spans critical areas of corporate governance including IndAS/IFRS, audit committee functions, enterprise risk management, regulatory compliance, internal control systems, and business structuring. Mr. Chokshi has also completed advanced training in digital transformation and artificial intelligence governance, including a certified course on Fundamentals of Artificial Intelligence from IIT Bombay.

Current Board Composition

Following Mr. Chokshi's appointment, Juniper Hotels Limited now has eight directors across various categories:

S. No.:	Name of Director	Designation
1:	Mr. Arun Kumar Saraf	Chairman and Managing Director
2:	Mr. David Peters	Non-Executive Non-Independent Director
3:	Mrs. Namita Saraf	Non-Executive Non-Independent Director
4:	Mr. Elton Tze Tung Wong	Non-Executive Non-Independent Director
5:	Mrs. Pallavi Shardul Shroff	Non-Executive Independent Director
6:	Mr. Sunil Mehta	Non-Executive Independent Director
7:	Mr. Rajiv Kaul	Non-Executive Independent Director
8:	Mr. Mayur Chokshi	Additional Non-Executive Independent Director

Regulatory Compliance

The company has confirmed that Mr. Chokshi meets all regulatory requirements and is not debarred from accessing capital markets. The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice has been filed with both NSE and BSE, and the notice is available on the company's website at www.juniperhotels.com .

Shareholders whose email addresses are registered with the company, depositories, or registrar and transfer agent as of the cut-off date will receive the postal ballot notice electronically. The results of the remote e-voting will be announced within two working days from the closure of the e-voting period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.71%	-1.42%	+9.72%	-16.74%	-25.44%	-38.49%

Juniper Hotels Limited , a prominent player in the Indian hospitality sector, has made a strategic move to expand its portfolio. The company's Board of Directors has approved participation in the Corporate Insolvency Resolution Process (CIRP) of Gstaad Hotels Private Limited, which owns and operates the JW Marriott Bengaluru.

Key Details of the Proposed Acquisition

Aspect	Details
Target Company	Gstaad Hotels Private Limited
Target Asset	JW Marriott Bengaluru
Target Company Turnover	Rs. 246.93 crore
Admitted Claims	Approximately Rs. 1,175.00 crore
Acquisition Strategy	Participation in Corporate Insolvency Resolution Process (CIRP)

Strategic Implications

This move aligns with Juniper Hotels' long-term growth strategy in the premium hospitality sector. By potentially acquiring and reviving the distressed hotel asset, Juniper aims to strengthen its position in the luxury segment of the Indian hospitality market.

Financial Context

To put this potential acquisition in perspective, let's look at Juniper Hotels' recent financial position:

Financial Metric	FY 2025 (in Rs. crore)	YoY Change
Total Assets	4,396.80	2.79%
Shareholders' Capital	2,726.70	2.69%
Current Assets	343.20	-33.91%
Fixed Assets	3,633.00	4.79%

The company's growing asset base and stable shareholders' capital indicate a solid financial foundation for this strategic move.

Regulatory Approvals

The acquisition is subject to necessary approvals, including those from the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Market Implications

This potential acquisition could significantly impact the premium hospitality landscape in Bengaluru, one of India's key business hubs. It also signals Juniper Hotels' confidence in the recovery and growth potential of the luxury hotel segment post-pandemic.

As the CIRP progresses, market watchers will be keen to see how this move affects Juniper Hotels' market position and financial performance in the coming quarters.