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.

Management Changes View source PDF Explain this filing

THELEELA · price

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

+3.1%Reaction day

₹389.30

prior close

₹389.35

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+2.3% vs market

Hotels & Resorts peers, median of 52sector+0.5%+2.6% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Smallcap 250 and 2.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+2.1

30m

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Sessions after the filingfrom the prior close

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Reaction day

+3.1+0.8+2.3+0.5+2.6

Next day

+4.3+2.4+1.9+1.9+2.4

+3.5+2.7+0.9+2.6+0.9

+5.7+3.5+2.3+1.9+3.8

+4.8+4.4+0.4+2.3+2.5

+3.1+4.2-1.1+2.9+0.2

+4.1+4.2-0.1+0.5+3.6

15d

+11.7+5.3+6.4+2.7+9.0

+15.0+4.0+11.0+1.7+13.3

+7.3+0.1+7.3+2.9+4.4

+10.5+0.7+9.8+0.6+9.9

UpDownMarket · Nifty Smallcap 250Sector · Hotels & Resorts peers, median of 52Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.