Viceroy Hotels Limited declared the results of its postal ballot on 15 Mar 25, following a notice dated 6 Feb 25. Key highlights include:

• Appointment of Ms. Shruti Gupta as a Non-Executive Independent Director, effective from 7 Feb 25. This resolution was passed.
• Rejection of the resolution for approval of a related party transaction with Mrs. K. Sukanya Reddy, Mr. B. Amarender Reddy, Mr. B Arvind Reddy, and Mr. R. Gireswara Reddy. This transaction involved leasing land admeasuring 7,260 sq yds in Madhapur, Rangareddy district for 25 years to construct a hotel. The proposed financial terms included:
  • A refundable deposit of ₹5 crores (Indian Rupees Five Crores), with ₹10 lakhs (Indian Rupees Ten Lakhs) as token advance and the balance ₹4 crores 90 lakhs (Indian Rupees Four Crores Ninety Lakhs) payable upon receiving approvals.
  • A monthly lease rental of ₹15 lakhs (Indian Rupees Fifteen Lakhs), with a 5% annual escalation or 25% of monthly EBITDA, whichever is higher, from the commencement of hotel operations.

The postal ballot voting period was from 13 Feb 25 to 14 Mar 25, with a cut-off date of 8 Feb 25.