Disclosure under Reg.30 SEBI (LODR) Regulations, 2015 - Re-appointment of Managing Director.
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Jindal Hotels Limited has re-appointed Mr. Piyush D. Shah as its Managing Director for a further period of three years, from August 1, 2025 to July 31, 2028. The re-appointment was approved by shareholders at the 40th Annual General Meeting held on September 23, 2025, based on the Board's recommendation. Mr. Piyush D. Shah, aged 73, is a founder promoter of the company and has been associated with it since 1984, serving as MD since 1990, with over 40 years of experience in the hotel industry. His wife Ms. Chanda Agrawal and son Mr. Satvik P Agrawal are also Non-Executive Directors on the board. He is not debarred from holding the office of director by any authority.
Continuity in leadership is maintained as the founder promoter continues at the helm, which is generally seen as a positive for operational stability. However, shareholders should note the concentration of promoter family members on the board, which may raise governance considerations for some investors.