Viceroy Hotels shareholders approve strategic acquisition, director appointments

Viceroy Hotels Limited shareholders approved the acquisition of SLN Terminus Hotels and Resorts Private Limited at an extraordinary general meeting (EGM) held on December 27, 2025. The transaction, valued at INR 206,00,00,000, will result in SLN Terminus Hotels becoming a wholly-owned subsidiary, facilitating strategic portfolio expansion within the hospitality segment. The acquisition includes the purchase of land for executive apartments (INR 1,05,65,47,332), inter-corporate loans to repay debt (INR 40,67,19,630), and shares (INR 59,67,33,038), based on arm’s length valuation.

Additionally, shareholders approved the appointment of Mrs. Kondareddy Sukanya and Ms. Vaishnavi Nalabala as non-executive, non-independent directors. Both resolutions garnered a significant majority, with 99.98% of votes cast in favor. The EGM also approved the reclassification of authorized share capital and a resolution to provide a loan, guarantee, or security to SLN Terminus Hotels and Resorts Private Limited under Section 185 of the Companies Act, 2013, with 99.98% of votes in favor for these resolutions as well.