LGT Business Connexions Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for strategic corporate changes, including a proposed name change and key director appointments. The notice, dated 10th March 2026, outlines four resolutions requiring shareholder approval through electronic voting.

Proposed Name Change to Reflect Business Focus

The company seeks to change its name from "LGT Business Connexions Limited" to "LGT Global Hospitality Limited" to better align with its current operations and strategic direction. According to the explanatory statement, the company operates in the travel and tourism sector, providing integrated services including travel arrangements and hospitality-oriented offerings. The management believes the word "Hospitality" more accurately reflects the company's operational focus and will support improved brand recognition while communicating its core business more effectively to stakeholders.

Director Appointments and Regularizations

The postal ballot seeks approval for three director-related resolutions:

Mr. Dhawal Padmakar Bhute brings over 25 years of leadership experience in the travel and MICE industry. He holds a Bachelor of Commerce degree with professional diplomas in Travel & Tourism and IATA/UFTAA certification. His experience includes senior management positions with organizations such as Kuoni Travel India Ltd, Cox & Kings India Pvt Ltd, and co-founding Tibro Tours Pvt Ltd from 2018 to 2025.

Mr. Chintan Virendra Chheda is an entrepreneur with expertise in international trade fair participation and corporate travel solutions. He holds an MBA in Tourism with specialization in Marketing from NMIMS, Mumbai, and brings structured, systems-driven approach to building scalable travel businesses.

Mrs. Namrata Kalanouria is proposed for appointment as Independent Director for a five-year term from 10th March 2026 to 9th March 2031. She holds a Bachelor of Commerce degree and is a qualified Company Secretary with over ten years of post-qualification experience in corporate laws, regulatory compliance, and corporate governance.

E-Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate electronic voting for all shareholders. The voting process details are:

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, 6th March 2026, are entitled to vote on the resolutions. The postal ballot notice has been sent electronically to members with registered email addresses, in compliance with MCA circulars and SEBI regulations.

Resolution Types and Approval Requirements

The postal ballot includes both ordinary and special resolutions. The name change resolution requires approval as a Special Resolution, while the regularization of the two Non-Executive Directors requires Ordinary Resolutions. The appointment of the Independent Director also requires a Special Resolution. Results will be communicated to BSE Limited, where the company's equity shares are listed, and displayed on the company's website at www.lgtholidays.com .

LGT Business Connexions Limited has strengthened its Board governance structure with the appointment of Mrs. Namrata Kalanouria as Independent Director. The Board of Directors approved her appointment through a resolution passed by circulation on March 10, 2026, marking a significant step in the company's corporate governance framework.

Appointment Details

The key parameters of Mrs. Kalanouria's appointment are outlined below:

Professional Background and Qualifications

Mrs. Kalanouria brings substantial expertise to the Board with her comprehensive educational background and professional experience. She holds a Bachelor of Commerce degree along with a professional degree from the Institute of Company Secretaries of India. Her professional credentials include over ten years of post-qualification experience in corporate laws, regulatory compliance, and corporate governance.

Her regulatory compliance credentials are well-established, having been registered with the Independent Director's Databank since July 6, 2025. Additionally, she has successfully qualified the Online Proficiency Self-Assessment Test conducted by the Indian Institute of Corporate Affairs, demonstrating her commitment to maintaining the highest standards of directorial competence.

Regulatory Compliance and Independence

The appointment adheres to all regulatory requirements under SEBI regulations. Key compliance aspects include:

• Mrs. Kalanouria is not related to any existing Directors of the Company, ensuring complete independence
• She is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority
• The appointment follows proper disclosure requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015

Company Information

LGT Business Connexions Limited, formerly known as LGT Business Connexions Private Limited, operates in the travel and tourism sector with a focus on global accommodations and international holidays. The company is headquartered in Chennai and trades on BSE with scrip code 544489. This strategic appointment reflects the company's commitment to strengthening its governance framework and enhancing Board effectiveness through the addition of experienced independent oversight.