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.

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.

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.

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.

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:

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.