Advent Hotels Shareholders Approve Bamboo Hotel Disposal

Advent Hotels shareholders passed a special resolution approving the disinvestment of Bamboo Hotel shares and loan assignment to Valor Estate.
The resolution was passed with 98.43% votes in favor, representing 13.8% of total outstanding shares voted.
Public non-institutional shareholders strongly supported (99.74% for) while public institutions largely opposed (91.56% against) the transaction.
The company filed this disclosure under SEBI LODR Regulation 44 to report the postal ballot voting results and scrutinizer's report.