Juniper Hotels Limited Completes Postal Ballot with 99.99% Approval for Director Remuneration

Juniper Hotels Limited has successfully completed its postal ballot voting process, with shareholders overwhelmingly approving a special resolution for director remuneration. The company announced the voting results on December 26, 2025, following the conclusion of the remote e-voting period that ended on December 24, 2025.

Postal Ballot Resolution Details

The special resolution sought approval for the payment of remuneration/commission to Mr. Rajiv Kaul (DIN: 06651255), Non-Executive Independent Director of the company. The postal ballot notice was originally dated November 10, 2025, with the company's intimation to stock exchanges dated November 24, 2025.

Parameter:	Details
Voting Period:	November 25, 2025 (9:00 AM IST) to December 24, 2025 (5:00 PM IST)
Resolution Type:	Special Resolution
Record Date:	November 21, 2025
Total Shareholders:	40,965
Service Provider:	National Securities Depository Limited (NSDL)

Voting Results Analysis

The voting results demonstrated strong shareholder support across all categories. The resolution was passed as a Special Resolution on December 24, 2025, with exceptional approval rates.

Category:	Shares Held	Votes Polled	% Polled	Votes in Favor	% in Favor	Votes Against	% Against
Promoter and Promoter Group:	17,25,02,384	17,25,02,379	99.99%	17,25,02,379	100.00%	0	0.00%
Public Institutions:	3,90,66,976	31,96,9245	81.83%	31,96,9245	100.00%	0	0.00%
Public Non-Institutions:	1,09,33,024	69,167	0.63%	66,379	95.97%	2,788	4.03%
Total:	22,25,02,384	2,04,54,079	91.93%	2,04,53,800	99.99%	2,788	0.001%

Scrutinizer Report and Compliance

The voting process was overseen by Nikita Kothari, Partner of N Kothari Associates, Practicing Company Secretaries, who served as the appointed scrutinizer. The scrutinizer's report, dated December 26, 2025, confirmed the validity of the entire voting process conducted through NSDL's remote e-voting platform.

Key compliance aspects included:

Adherence to Sections 108 and 110 of the Companies Act, 2013
Compliance with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
Following SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Implementation of various MCA and SEBI circulars regarding remote voting

Regulatory Disclosures

The company has fulfilled its disclosure obligations under Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been made available on the company's website at www.juniperhotels.com and on NSDL's e-voting portal at www.evoting.nsdl.com .

The communication was signed by Sandeep L. Joshi, Company Secretary and Compliance Officer, and submitted to both NSE and BSE. The successful completion of this postal ballot process enables Juniper Hotels Limited to proceed with the approved remuneration arrangement for its Non-Executive Independent Director, reflecting strong shareholder confidence in the company's governance decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.12%	+0.20%	+9.31%	-9.34%	-25.08%	-35.47%

Juniper Hotels Limited has addressed regulatory non-compliance issues by paying a fine of ₹2.65 lakh and appointing a new independent director to strengthen its board composition.

Regulatory Fine and Non-Compliance Details

The company received notices from both National Stock Exchange of India Limited (NSE) and BSE Limited on November 28, 2025, regarding the levy of a fine amounting to ₹2.65 lakh (including GST). The penalty was imposed for non-compliance with Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which pertains to the composition of the Board of Directors.

Parameter	Details
Fine Amount	₹2.65 lakh (including GST)
Notice Date	November 28, 2025
Regulation	SEBI Listing Regulation 17
Issue	Board composition non-compliance
Payment Status	Completed within prescribed timeline

Board Response and Corrective Measures

The Board of Directors conducted thorough analysis and deliberations regarding the compliance delay. The board emphasized that the company maintains a mix of experienced Executive and Non-Executive Directors, with higher representation of Non-Executive Directors. The company benefits from guidance, expertise, and strategic oversight of its diversified board in managing its hospitality business operations.

Following a selection process, the company appointed Mr. Mayur Chokshi (DIN: 01238535) as Additional Non-Executive Independent Director effective December 18, 2025. The board noted that the company made efforts to identify and appoint suitable candidates possessing requisite industry knowledge, business acumen, and leadership experience relevant to the hospitality sector.

Corporate Governance Commitment

The board has reiterated its commitment to maintaining high standards of corporate governance. Key governance measures include:

Implementation of processes and controls to prevent recurrence of non-compliance instances
Emphasis on adherence to prescribed timelines and compliance requirements
Focus on regulatory timeline adherence
Strengthened oversight mechanisms for future compliance

The company has paid the fine levied by NSE and BSE within the prescribed timeline. The board has advised management to take necessary steps to avoid such instances of non-compliance in the future, emphasizing the importance of maintaining regulatory compliance in the hospitality business environment.