Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
THELEELA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Schloss Bangalore Limited (The Leela) met on August 22, 2025 and approved three key items. First, the company will change its name from 'Schloss Bangalore Limited' to 'Leela Palaces Hotels & Resorts Limited', along with corresponding changes to its Articles and Memorandum of Association, subject to shareholder and Central Government approval. Second, M/s Makarand M Joshi & Co, a peer-reviewed firm of practicing company secretaries with over 25 years of experience, has been appointed as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval. Third, Mr. Anuraag Bhatnagar, Whole-Time Director, has been recommended for re-appointment upon retirement by rotation. All three items, along with the financial statements, will be placed before shareholders at the Annual General Meeting scheduled for September 19, 2025.
The proposed name change to 'Leela Palaces Hotels & Resorts Limited' aligns the company's legal identity with its well-known 'The Leela' brand, which may improve brand recognition among investors and customers. The auditor appointment and director re-appointment are routine corporate governance matters and are unlikely to materially affect the stock price on their own.