Schloss Bangalore Limited has informed the Exchange regarding Demise of Mr. Naresh Asawa, Senior Vice President Real Estate & Greenfield Projects, a member of the senior management of the Company, on June 14, 2025.

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THELEELA · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹390.15

prior close

₹390.35

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%+0.3% vs market

Hotels & Resorts peers, median of 52sector+0.2%+0.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.7 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Schloss Bangalore Limited (which operates The Leela hotels, traded as THELEELA) has informed the stock exchanges about the unfortunate demise of Mr. Naresh Asawa on June 14, 2025. Mr. Asawa served as Senior Vice President – Real Estate & Greenfield Projects and was part of the company's senior management team. The disclosure was filed under SEBI Listing Regulations as a mandatory regulatory intimation. The company has not yet indicated any succession plan or replacement for his role.

Likely market impact

This is a tragic human loss for the company. Since Mr. Asawa was a senior management member and not a CEO/CFO/director, the direct impact on stock price or governance is expected to be limited. Shareholders should watch for any subsequent announcement regarding succession for the real estate and greenfield projects division.