BSEBenares Hotels LtdMediumNegative
Announced Wed, 20 May · 16:40 IST

Resignation of Mr. Moiz Miyajiwala (DIN: 00026258) w.e.f. May 23, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹10000.00
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+4.5+0.6+2.0+2.0+2.0+2.5+7.5+2.0
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AI summary

Mr. Moiz Miyajiwala has resigned as Independent Director of Benares Hotels Limited with effect from May 23, 2026. The resignation is due to the prescribed age limit applicable to Independent Directors. With this, he also ceases to be Chairman of the Nomination and Remuneration Committee and the Audit and Risk Management Committee. The Board has expressed appreciation for his valuable contribution during his tenure. Mr. Miyajiwala confirmed there are no other material reasons for his resignation beyond the age limit requirement. He continues to serve as an Independent Director in Oriental Hotels Limited.

Likely market impact

The resignation creates a vacancy in the Board composition and removes the chairmanship of two key committees. Investors should monitor for the appointment of a replacement Independent Director to maintain board independence and committee functionality.