Appointment of Statutory Auditors of the Company
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At its 38th AGM on September 30, 2025, Hampton Sky Realty Ltd (formerly Ritesh Properties and Industries) approved several key changes. Mr. Kavya Arora (38, son of promoter Sanjeev Arora) was appointed as Managing Director and Ms. Ketki Gupta (34, daughter of Sanjeev Arora) as Joint Managing Director, both for 3-year terms starting August 14, 2025. This follows the resignation of Mr. Sanjeev Arora as Chairman and MD effective August 3, 2025, after he was appointed as a Cabinet Minister. M/s HDSG & Associates was appointed as statutory auditor for 5 years, replacing Khandelwal Jain & Co. whose term ended, and MZ & Associates was appointed as secretarial auditor for FY2025-26 to FY2029-30. The company also amended its MOA to expand business into the hospitality industry, including hotels, resorts, tourism, and travel services.
Top management is now entirely in promoter family hands with both Arora siblings as MD and Joint MD, signalling strong family control and continuity. The hospitality expansion via MOA amendment indicates a strategic pivot, but investors should watch for execution risk and any related-party concerns given the concentrated promoter-led leadership.