Ventive Hospitality MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 29 Jan 2026, 17 fund houses

• TO APPROVE MATERIAL RELATED PARTY TRANSACTION

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundTransparency concern: No clarity on whether other shareholders are contributing in a proportionate manner to their shareholding. Further, the Company has not disclosed how the absence of guarantee commission comply with the arm’s length principle.
  • Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Transparency concern: No clarity on whether other shareholders are contributing in a proportionate manner to their shareholding. Further, the Company has not disclosed how the absence of guarantee commission comply with the arm’s length principle.
  • HDFC Mutual FundIn the absence of clarity on proportionate guarantees or financial support from RP Holdings, the listed entity assumes financial exposure disproportionate to its economic interest. We do not support the resolution.
  • ICICI Prudential Mutual FundKudakurathu Island Resorts Private Limited (KIRPL) is a 50.28% subsidiary of Ventive Hospitality. It is engaged in owning and operating a private island resort in Maldives. The balance 49.72% is held by RP Holdings, a private company based in the UAE. KIRPL has availed credit facilities aggregating USD 36.0 mn from ICICI Bank. The board of Ventive Hospitality approved the provision of a corporate guarantee of USD 12.0 mn for securing part of the loan. The board also approved an additional guarantee of USD 27.6 mn on behalf of KIRPL, which would increase the aggregate corporate guarantee amount to USD 39.6 mn, subject to shareholder approval. While the corporate guarantee enables KIRPL to access funding on competitive terms, it is unclear whether RP Holdings is also providing financial support in proportion to the extent of its shareholding in KIRPL. We believe financial support to related parties should be extended only to the extent of the listed company’s economic interest. In the absence of clarity on proportionate guarantees or financial support from RP Holdings, the listed entity assumes financial exposure disproportionate to its economic interest. Hence, we do not support the resolution.
  • Jio BlackRock Mutual FundKudakurathu Island Resorts Private Limited (KIRPL) is a 50.28% subsidiary of Ventive Hospitality. It is engaged in owning and operating a private island resort in Maldives. The balance 49.72% is held by RP Holdings, a private company based in the UAE. Public sources suggest that it is part of the RP group, promoted by Ravi Pillai. KIRPL has availed credit facilities aggregating USD 36.0 mn from ICICI Bank. The board of Ventive Hospitality approved the provision of a corporate guarantee of USD 12.0 mn for securing part of the loan. The board also approved an additional guarantee of USD 27.6 mn on behalf of KIRPL, which would increase the aggregate corporate guarantee amount to USD 39.6 mn, subject to shareholder approval. The proposed guarantee by Ventive Hospitality represents 110% of the facility sanctioned by ICICI Bank. While the corporate guarantee enables KIRPL to access funding on competitive terms, it is unclear whether RP Holdings is also providing financial support in proportion to the extent of its shareholding in KIRPL. We believe financial support to related parties should be extended only to the extent of the listed company’s economic interest. In the absence of clarity on proportionate guarantees or financial support from RP Holdings, the listed entity assumes financial exposure disproportionate to its economic interest. We do not support the resolution.
  • Kotak Mahindra Mutual FundKudakurathu Island Resorts Private Limited (KIRPL) is a 50.28% subsidiary of Ventive Hospitality. It is engaged in owning and operating a private island resort in Maldives. The balance 49.72% is held by RP Holdings, a private company based in the UAE. KIRPL has availed credit facilities aggregating USD 36.0 mn from ICICI Bank. The board of Ventive Hospitality approved the provision of a corporate guarantee of USD 12.0 mn for securing part of the loan. The board also approved an additional guarantee of USD 27.6 mn on behalf of KIRPL, which would increase the aggregate corporate guarantee amount to USD 39.6 mn, subject to shareholder approval. The proposed guarantee by Ventive Hospitality represents 110% of the facility sanctioned by ICICI Bank. In the absence of clarity on proportionate guarantees or financial support from RP Holdings, the listed entity assumes financial exposure disproportionate to its economic interest. Hence, we do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundTransparency Concern: No clarity on whether other shareholders are contributing in a proportionate manner to their shareholding.

  4 for13 against
• TO APPROVE APPOINTMENT OF MR. ASHEESH MOHTA (DIN 00358583) AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR

  17 for0 against

Mutual fund votes, meeting of 25 Aug 2025, 9 fund houses

• To receive, consider and adopt the audited Standalone and Consolidated financial statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess

  ›Against Mirae Asset Mutual Fund

  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  8 for1 against
• To appoint a Director in place of Mr.Nipun Sahni (DIN: 01447756), who retires by rotation, and being eligible, offers himself for re-appointment as a Director liable to retire by rotation.

  9 for0 against
• To appoint M/s SVD & Associates, Firm of Company Secretaries in Practice as Secretarial Auditors for a term of 5 (five) years and to fix their remuneration.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund

  • Angel One Mutual FundTransparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
  • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors’ remuneration not available; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.

  5 for4 against

• Unlisted stake boughtKelzai Eco Reserves Private LimitedSince 8 Jul 2026

  100.00% bought in the quarter; holding 100.00%, from 0.00%

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

Yes

The chair is related to the managing director

No

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.