Event Date: N/A
Oravel Stays Limited, known as OYO, has issued a notice for its 1st Extraordinary General Meeting (EGM) to be held on Thursday, May 22, 2025, at 5:00 P.M. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The purpose of the EGM is to consider and transact the following special businesses.
Special Business:
Item No. 1: Appointment of Mr. Ankit Tandon as a Manager:
Item No. 2: Alteration of Articles of Association (AOA):
Item No. 3: Offer and Issue of Equity Shares on a Private Placement Basis:
The notice also includes the following key points:
Detailed instructions are provided for:
Annexure A provides details required under Secretarial Standards-II and Schedule V of the Companies Act, 2013, related to the appointment of Mr. Ankit Tandon as Manager. It includes his brief profile, remuneration details (INR 3.90 Crores per annum), terms and conditions of appointment, and general company information including revenue, growth, and foreign investment. Oravel Stays Limited is incorporated under the CompaniesAct, 1956, having its registered office at Ground Floor-001, Mauryansh Elanza, Shyamal Cross Road, Nr.Parekh Hospital, Satelite, Ahmedabad Gujarat-380015 India. It is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem, according to Redseer.
The document continues to provide information regarding the draft of the proposed AOA and outlines preliminary definitions and interpretations, as well as details on share capital, meetings, voting, dividends, and other company operations.
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