Chalet Hotels Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025.
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Chalet Hotels' Board, at its meeting on June 20, 2025, approved the appointment of Mr. Manish Chokhani (DIN: 00204011) as an Additional and Independent Director for a five-year term (June 20, 2025 to June 19, 2030), subject to shareholder approval. Mr. Chokhani is a Chartered Accountant and an MBA from London Business School, and is widely known as the former CEO of Enam Securities, which he helped merge with Axis Bank to create Axis Capital, where he served as MD and CEO until 2013. He also co-founded Enam AMC, which manages equity portfolios for leading Indian business families and offshore institutional investors. The company confirmed he is not debarred by SEBI, not disqualified under Section 164 of the Companies Act, and is not related to any existing director.
This is a routine independent director appointment with no direct effect on earnings or operations, but the addition of a senior financial markets veteran to the board is a positive signal for corporate governance and financial oversight. Shareholders should watch for the postal ballot or AGM result approving the appointment.