Royal Orchid Hotels shareholders reject director appointment, remuneration hike

Royal Orchid Hotels Limited announced the results of its postal ballot held on August 11, 2025, revealing that two key resolutions failed to pass. The first resolution, concerning the appointment of Sunil Sikka as a non-executive director, was rejected, with 84.47% of polled votes cast against the proposal.

The second resolution, seeking approval for an increase in managerial remuneration for Chander K. Baljee, managing director, also did not pass. This proposal faced strong opposition, with 84.55% of polled votes against it. Both resolutions required a special majority, and the voting outcomes indicate clear dissent among shareholders.

For both resolutions, promoter and promoter group shareholders did not cast any votes. Public institutions voted overwhelmingly against both proposals, with 99.9961% against Sikka's appointment and 99.9961% against the remuneration increase. Public non-institutions also showed significant opposition, with 57.34% against Sikka's appointment and 57.57% against the remuneration hike.