Royal Orchid Hotels logo

Royal Orchid Hotels MD, chairman, board of directors and AGM

NSE: ROHLTDBSE: 532699Leisure ServicesSmall Cap

Last close ₹268.10down ₹5.85 (2.14%)BSE ₹265.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹273.95.

52-week range of traded prices to 23 Oct 2026
₹260.60Low, 23 Oct 2026₹513.45High, 23 Oct 2025
Market cap
₹735 Cr1,513th largest listed
P/E
26.6
P/B
2.8
Dividend yield
0.93%
ROE
11.3%
ROCE
10.5%
Debt to equity
0.36
Volume, NSE
26,21749.6% delivered

Royal Orchid Hotels board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorChander Kamal Baljee
  • Company Secretary and Compliance OfficerPadmini V Krupanidhi

6 directors3 independent2 executive1 non-executive

  • Chander Kamal Baljee · Chairperson and managing directorExecutive · joined Sep 1992 · reappointed Apr 2025 · 408 months as independent · 1 listed board · 1 committee seat
  • Keshav BaljeeExecutive · joined Nov 2019 · reappointed Sep 2025 · 82 months as independent · 1 listed board
  • Sunita BaljeeNon-executive · joined Feb 2025 · reappointed Feb 2025 · 19 months as independent · 1 listed board
  • Venkata Ramana Murthy PinisettiIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Rakesh MehtaIndependent · joined Oct 2025 · reappointed Oct 2025 · 11 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Nithyalakshmi SubramanianIndependent · joined Oct 2025 · reappointed Oct 2025 · 11 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Ashutosh Chandra, left 21 Oct 2025: Tenure Completion
  • Rajkumar Thakardas Khatri, left 8 Oct 2025: Tenure Completion
  • Leena S Pirgal, left 13 Feb 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Aug 20266 of 6 present3 independent · 77 days in between
    • 25 May 20266 of 6 present3 independent
  • Audit Committee

    Chair Rakesh Mehta

    Venkata Ramana Murthy Pinisetti, Nithyalakshmi Subramanian

    • 11 Aug 20263 of 3 present3 independent · 77 days in between
    • 25 May 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair Venkata Ramana Murthy Pinisetti

    Rakesh Mehta, Nithyalakshmi Subramanian

    • 11 Aug 20263 of 3 present3 independent · 77 days in between
    • 25 May 20263 of 3 present3 independent
  • Stakeholders Relationship Committee

    Chair Venkata Ramana Murthy Pinisetti

    Chander Kamal Baljee, Rakesh Mehta, Nithyalakshmi Subramanian

    • 11 Aug 20264 of 4 present3 independent · 77 days in between
    • 25 May 20264 of 4 present3 independent
  • Corporate Social Responsibility Committee

    Chair Chander Kamal Baljee

    Keshav Baljee, Venkata Ramana Murthy Pinisetti, Nithyalakshmi Subramanian

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Royal Orchid Hotels AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Royal Orchid Hotels dividend history

Annual general meeting, 26 Sep 2026

24,388 shareholders on the register on 19 Sep 2026; present: 5 promoters and 42 others; votes counted by PRADEEP B KULKARNI / V SREEDHARAN AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon. (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 96.05% · other public 0.08%

    Turnout: all 68.72% · promoters 99.91% · institutions 46.40% · other public 0.67%

  2. To declare Final Dividend of Rs.2.50/- per Equity Share for the Financial Year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 68.72% · promoters 99.91% · institutions 46.40% · other public 0.67%

  3. To appoint a Director in place of Mrs. Sunita Baljee (DIN: 00080737), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 96.05% · other public 0.05%

    Turnout: all 68.72% · promoters 99.91% · institutions 46.40% · other public 0.67%

  4. To re appoint Mr. Venkata Ramana Murthy Pinisetti (DIN - 03483544) as an Independent Director of the Company for a second Term.
    Special
    93.67% for6.33% against

    Against: promoters 0.00% · institutions 96.05% · other public 0.08%

    Turnout: all 68.72% · promoters 99.91% · institutions 46.40% · other public 0.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 May 2026, 2 resolutions

24,889 shareholders on the register on 27 Mar 2026; votes counted by PRADEEP B KULKARNI / V SREEDHARAN AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE PROPOSAL FOR CHANGE IN DESIGNATION OF MR. KESHAV BALJEE (DIN: 00344855) FROM NON-EXECUTIVE DIRECTOR TO WHOLE-TIME DIRECTOR DESIGNATED AS AN EXECUTIVE DIRECTOR.
    SpecialPromoters have an interest in it
    93.73% for6.27% against

    Against: promoters 0.00% · institutions 96.39% · other public 31.29%

    Turnout: all 68.50% · promoters 99.91% · institutions 47.23% · other public 0.18%

  2. TO CONSIDER AND APPROVE THE PROPOSAL FOR INCREASING THE REMUNERATION OF MR. ARJUN BALJEE, PRESIDENT OF THE COMPANY WHO IS HOLDING OFFICE/ PLACE OF PROFIT.
    OrdinaryPromoters have an interest in it
    93.73% for6.27% against

    Against: promoters 0.00% · institutions 96.39% · other public 35.34%

    Turnout: all 68.50% · promoters 99.91% · institutions 47.23% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Dec 2025, 2 resolutions

25,492 shareholders on the register on 14 Nov 2025; votes counted by PRADEEP B KULKARNI / V SREEDHARAN AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. RAKESH MEHTA (DIN: 00002676) AS AN INDEPENDENT DIRECTOR.
    Special
    94.02% for5.98% against

    Against: promoters 0.00% · institutions 99.93% · other public 3.25%

    Turnout: all 68.51% · promoters 99.91% · institutions 44.39% · other public 2.20%

  2. APPOINTMENT OF MS. NITHYALAKSHMI SUBRAMANIAN (DIN: 11183504) AS AN INDEPENDENT WOMEN DIRECTOR.
    Special
    94.02% for5.98% against

    Against: promoters 0.00% · institutions 99.93% · other public 3.07%

    Turnout: all 68.51% · promoters 99.91% · institutions 44.39% · other public 2.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 5 resolutions

26,201 shareholders on the register on 18 Sep 2025; present: 5 promoters and 29 others; votes counted by KIRAN DESAI / KDSH & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon. (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    94.03% for5.97% against

    Against: promoters 0.00% · institutions 99.75% · other public 0.13%

    Turnout: all 68.22% · promoters 99.91% · institutions 43.58% · other public 1.09%

  2. To declare Final Dividend of Rs.2.50/- per Equity Share for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 68.22% · promoters 99.91% · institutions 43.58% · other public 1.09%

  3. To appoint a Director in place of Mr. Keshav Baljee (DIN: 00344855), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 68.22% · promoters 99.91% · institutions 43.58% · other public 1.09%

  4. Re-Appointment of M/s Walker Chandiok & Co LLP as the Statutory Auditors of the Company for a second term of Five Years.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.96%

    Turnout: all 68.22% · promoters 99.91% · institutions 43.58% · other public 1.09%

  5. Appointment of M/s. V. Sreedharan and Associates, Practicing Company Secretaries, as the Secretarial Auditors of the Company for one term of Five Years.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.96%

    Turnout: all 68.22% · promoters 99.91% · institutions 43.58% · other public 1.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Sep 2025, 2 resolutions

25,279 shareholders on the register on 8 Aug 2025; votes counted by G SHANKER PRASAD / GOPICHAND ROHRA & ASSOCIATES PRIVATE LIMITED.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. SUNIL SIKKA (DIN: 00083032) AS A NON-EXECUTIVE DIRECTOR.
    OrdinaryNot passedPromoters have an interest in it
    15.53% for84.47% against

    Against: promoters 0.00% · institutions 100.00% · other public 57.34%

    Turnout: all 6.41% · promoters 0.00% · institutions 46.18% · other public 8.55%

  2. APPROVAL FOR INCREASE IN MANAGERIAL REMUNERATION OF MR. CHANDER K. BALJEE, MANAGING DIRECTOR.
    SpecialNot passedPromoters have an interest in it
    15.45% for84.55% against

    Against: promoters 0.00% · institutions 100.00% · other public 57.57%

    Turnout: all 6.41% · promoters 0.00% · institutions 46.18% · other public 8.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 May 2025, 1 resolution

26,631 shareholders on the register on 4 Apr 2025; votes counted by G SHANKER PRASAD.The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MRS. SUNITA BALJEE (DIN: 00080737) AS A NON-EXECUTIVE, WOMEN DIRECTOR.
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.48%

    Turnout: all 4.11% · promoters 0.00% · institutions 50.06% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Dec 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. RAJKUMAR THAKARDAS KHATRI (DIN: 01787188) AS AN INDEPENDENT DIRECTOR.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 68.62% · promoters 99.89% · institutions 55.76% · other public 3.32%

  2. RE-APPOINTMENT OF MR. ASHUTOSH CHANDRA (DIN: 09766619) AS AN INDEPENDENT DIRECTOR.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 68.62% · promoters 99.89% · institutions 55.76% · other public 3.32%

  3. APPOINTMENT OF MR. VENKATA RAMANA MURTHY PINISETTI (DIN - 03483544) AS AN INDEPENDENT DIRECTOR.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 68.62% · promoters 99.89% · institutions 55.76% · other public 3.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 4 resolutions

Present: 6 promoters and 36 others.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon. n(b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Auditors thereon.nMoreLess
    Ordinary
    93.98% for6.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.28%

    Turnout: all 67.67% · promoters 99.89% · institutions 55.50% · other public 0.06%

  2. To declare Final Dividend of Rs.2.50/- per Equity Share for the Financial Year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 67.67% · promoters 99.89% · institutions 55.50% · other public 0.06%

  3. To appoint a Director in place of Mr. Sunil Sikka (DIN: 00083032), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    0.44% for99.56% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.32%

    Turnout: all 4.09% · promoters 0.00% · institutions 55.50% · other public 0.06%

  4. To Re-appoint Mr. Chander K. Baljee (DIN: 00081844) as the Managing Director of the Company and Approval of the remuneration.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 4.09% · promoters 0.00% · institutions 55.50% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.