Chalet Hotels Limited has informed the Exchange regarding Appointment of Mr Manish Chokhani as Non- Executive Independent Director of the company w.e.f. Jun 20, 2025.
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Chalet Hotels has appointed Mr. Manish Chokhani (DIN: 00204011) as an Additional Director and Independent Director, effective June 20, 2025, for a five-year term ending June 19, 2030, subject to shareholder approval. Mr. Chokhani is a Chartered Accountant and an MBA from London Business School, best known as the former CEO of Enam Securities, which he led into a merger with Axis Bank to form Axis Capital. He also co-founded Enam AMC, which manages equity portfolios for leading Indian business families and offshore institutional funds. The appointment was recommended by the Compensation, Nomination and Remuneration Committee and approved by the Board at its June 20, 2025 meeting. He is not debarred by SEBI and is not disqualified under Section 164 of the Companies Act, 2013.
This is a routine independent director addition with no immediate effect on operations or financials. Mr. Chokhani's strong capital markets and investment banking background could strengthen board oversight, particularly on financial strategy and capital allocation decisions, which is generally viewed positively by investors.