Apeejay Surrendra Park Hotels Seeks Shareholder Approval for Director Appointment via Postal Ballot
Apeejay Surrendra Park Hotels Limited is conducting a postal ballot for shareholders to approve the appointment of Mr. Raveesh Kumar Bhatia as an Independent Director for a term of five years, effective March 27, 2026. Remote e-voting is open from May 15 to June 13, 2026.
The appointment of an independent director can impact corporate governance and strategic decision-making, which has a medium-term effect on the company's operations and stakeholder relations.
The announcement pertains to a standard corporate governance procedure (appointment of a director via postal ballot) and does not contain inherently positive or negative financial or business developments.
Apeejay Surrendra Park Hotels Limited is seeking approval from its members for the appointment of Mr. Raveesh Kumar Bhatia as an Independent Director. The approval will be sought through a postal ballot via remote e-voting only. Mr. Bhatia, with DIN 11618896, has been appointed as an Additional Director in the capacity of an Independent Director effective March 27, 2026, and his term is proposed to be for five consecutive years until March 26, 2031.
The remote e-voting facility will commence on May 15, 2026, at 09:00 A.M. (IST) and will conclude on June 13, 2026, at 05:00 P.M. (IST). The cut-off date for determining voting rights was May 08, 2026. The results of the postal ballot are expected to be announced within two working days from the close of remote e-voting, with the scrutinizer's report to be submitted by June 16, 2026.
Mr. Raveesh Kumar Bhatia is a seasoned finance professional with over 36 years of experience, including significant roles in banking, management consulting, and process outsourcing. He holds an MBA in Marketing & Finance from IIM Ahmedabad and a bachelor's degree in Commerce from Panjab University. The company's Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, believes his appointment will be in the best interest of the company.
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Apeejay Surrendra Park Hotels Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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