The Byke Hospitality Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of an Independent Director through electronic voting. The company has scheduled the voting process for a one-month period starting from late February 2026.

Director Re-appointment Details

The postal ballot seeks shareholder approval for the re-appointment of Ms. Madhuri Rajendrakumar Dhanak (DIN: 09065395) as an Independent Director for a second term of five consecutive years. Her current term as Independent Director expires on February 11, 2026, after serving from February 12, 2021.

E-voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted electronically through Central Depository Services (India) Limited (CDSL).

Director Profile and Qualifications

Ms. Madhuri Rajendrakumar Dhanak brings significant professional expertise to the Board. She is a qualified Chartered Accountant and Company Secretary with extensive experience in various roles including Internal Auditor and head of Tax Department in listed entities.

Key Professional Details:

• Age: 38 years (Date of Birth: February 4, 1988)
• Qualifications: Chartered Accountant & Company Secretary
• Board Meeting Attendance: Attended all 4 Board meetings held during the year
• Committee Memberships: Audit Committee and Stakeholder Relationship Committee
• Areas of Expertise: Strategic Planning, Finance, Legal and General Management

Regulatory Compliance and Appointments

The postal ballot notice has been issued in compliance with Section 110 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board approved the postal ballot notice through Circular Resolution dated February 23, 2026.

The company has appointed Suman Sureka & Associates, Practising Company Secretary (FCS No. 6842 and C.P. No. 4892) as the Scrutinizer for conducting the postal ballot and e-voting process. The postal ballot notice is available on the company's website at www.thebyke.com and CDSL's website at www.cdslindia.com .

Board Recommendation

The Nomination and Remuneration Committee (NRC) has recommended Ms. Dhanak's re-appointment after evaluating her performance during the first term. The Board considers her continued association beneficial to the company, citing her knowledge, expertise, and substantial contributions during her tenure as Independent Director.

The Byke Hospitality Limited has confirmed that there is no deviation or variation in the use of proceeds raised through the preferential issue of equity warrants from the stated objectives. The company's statement comes as part of its regulatory filing under SEBI guidelines.

Fund Raising Details

The hospitality firm raised a total of Rs. 54.95 crores through the preferential issue, with allotments made on the following dates:

Fund Utilization

As of September 30, 2025, the company reported the following utilization of funds:

Unutilized Funds

The company disclosed that Rs. 6.02 crores of the raised funds remain unutilized. These funds have been deployed in fixed deposits as follows:

Regulatory Compliance

The Byke Hospitality Limited's statement aligns with the regulatory requirements set by SEBI, which mandates companies to disclose any deviations in the use of proceeds raised through preferential issues. The company's audit committee has reviewed the statement and found no discrepancies.

Financial Performance Overview

While not directly related to the preferential issue, the company's recent financial results for the quarter and half-year ended September 30, 2025, show:

• Total income for Q2 FY2026 stood at Rs. 2,494.71 lakhs, up from Rs. 2,123.58 lakhs in the same quarter of the previous year.
• Net profit for Q2 FY2026 was Rs. 130.05 lakhs, compared to Rs. 47.70 lakhs in Q2 FY2025.
• For the half-year ended September 30, 2025, the company reported a total income of Rs. 5,219.67 lakhs and a net profit of Rs. 344.81 lakhs.

The company's financial statements have been reviewed by Bilimoria Mehta & Co., Chartered Accountants, who have not expressed any qualifications in their limited review report.

This update from The Byke Hospitality Limited demonstrates the company's commitment to transparent financial practices and adherence to regulatory standards in the utilization of funds raised from investors.