Ventive Hospitality Limited — Others, 21-05-2025: Shareholders meeting

Ventive Hospitality Limited has announced a postal ballot seeking shareholder approval to create security interests for term loans taken by its subsidiaries, Maldives Property Holdings Private Limited and SS & L Beach Private Limited, from ICICI Bank. The loans total up to USD 100 million and are secured by mortgages on leasehold rights of resort islands in the Maldives, along with charges on movable assets, cash flows, receivables, and account pledges. Approval also covers escrow arrangements tied to hotel management agreements, facilitating the subsidiaries’ financing and compliance with governance requirements.