Notice to the members of OYO regarding the 1st EGM for FY26

Oravel Stays Ltd. will convene its 1st Extraordinary General Meeting (EGM) for FY26 through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Thursday, May 22, 2025, at 5:00 PM IST, to consider and transact the following special business matters:

Special Business(es):

• Appointment of Mr. Ankit Tandon as the Manager of the Company for a term of five years effective from January 1, 2025.
• Amendment of the Articles of Association of the Company by adopting a revised and restated set of Articles.
• To propose and allot equity shares through a private placement:
  
  • Issuance and allotment of up to 28,58,082 equity shares of face value Rs. 1/- each at an issue price of Rs. 57.09/-, aggregating up to Rs. 16,31,67,902, on a private placement basis to the shareholders of Key Flickers Pty. Ltd., Unit 3, 55 Pyrmont Bridge Road, Pyrmont NSW 2009, Australia, for consideration other than cash as part of the acquisition consideration under the share purchase agreement between the Company and the shareholders of the Target Company.
    

The Company has fixed Thursday, May 15, 2025 as the cut-off date for determining the eligibility of members to vote at the EGM. The remote e-voting period will commence on Monday, May 19, 2025 at 9:00 AM (IST) and will conclude on Wednesday, May 21, 2025 at 5:00 PM (IST).