Oriental Hotels Limited — Important, 25-04-2025: Updates

The company has addressed a fine levied by the National Stock Exchange regarding non-compliance with SEBI Listing Regulations. The issue arose from the retirement of Mr. Ramesh D Hariani, a Non-Executive Director, who retired upon reaching the age of 75, which the company believed was compliant with regulatory requirements. They maintain that there was no intent to overlook compliance, as the retirement was aligned with the understanding of when a person attains that age. The company has paid the penalty and requested a review for a waiver. The Board of Directors reviewed this information at their recent meeting, confirming their awareness and acceptance of the situation.