Apollo Sindoori Hotels Limited has informed the Exchange regarding Resignation of MUNISH KUMAR as Chief Executive Officer of the company w.e.f. March 31, 2026.
APOLSINHOT · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 2.9 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Apollo Sindoori Hotels informed the stock exchange that Mr. Munish Kumar has resigned as Group Chief Executive Officer (a Key Managerial Personnel), effective from the close of business hours on March 31, 2026. The Board also approved unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. On a standalone basis, Q3 revenue rose to Rs 9,258.07 lakhs from Rs 8,090.89 lakhs a year earlier, but profit after tax fell to Rs 160.33 lakhs (vs Rs 203.32 lakhs YoY). On a consolidated basis, Q3 revenue grew to Rs 16,140.03 lakhs (vs Rs 14,097.73 lakhs YoY), while PAT dropped to Rs 75.65 lakhs. The company also booked a Rs 413.17 lakhs exceptional expense on a consolidated basis due to the impact of the new Labour Codes on employee benefit liabilities, and incorporated a wholly-owned UK subsidiary with an initial investment of Rs 18,330 lakhs.
Short-term shareholder sentiment may be mildly negative due to the CEO exit and weaker quarterly profits, but revenue growth and the planned UK expansion signal continued business momentum. Investors should watch for an update on the new CEO appointment, as leadership continuity at the top will be important.