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.
THELEELA · price
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Schloss Bangalore Limited (which operates The Leela hotels) has informed stock exchanges about the passing of Mr. Naresh Asawa, Senior Vice President – Real Estate & Greenfield Projects, on June 14, 2025. The company originally disclosed this to the exchange on June 20, 2025, and this June 23, 2025 filing is a clarification explaining the six-day delay. The company states it relied on a SEBI provision allowing a seven-day disclosure window for cessation of senior management personnel, including by death. No details on succession or replacement have been provided in this filing.
This is a human resource event with no direct financial impact. Investors may watch for any follow-up announcement on succession planning for the Real Estate & Greenfield Projects role, which is key to the company's expansion pipeline.