Lemon Tree Hotels Limited has informed the Exchange regarding Change in Director(s) of the company.
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels reported Q1 FY26 results with consolidated revenue of Rs. 31,577 lakhs (up from Rs. 26,802 lakhs YoY) and consolidated net profit of Rs. 4,810 lakhs (vs Rs. 2,012 lakhs YoY); standalone net profit stood at Rs. 2,047 lakhs. In a planned succession move effective October 1, 2025, founder Patanjali Govind Keswani will step down as Managing Director and continue as Executive Director & Chairman for 18 months. Neelendra Singh, formerly Managing Director of Adidas India, will take over as the new Managing Director for a 5-year term. CFO Kapil Sharma is being elevated to Executive Director & CFO, and Niten Malhan is being re-appointed as Independent Director for a second 5-year term. Additionally, the Board approved the sale of two dormant wholly-owned subsidiaries (Nettle Hotels and Madder Stays) to its material subsidiary Fleur Hotels for a nominal Rs. 1 lakh each, and constituted a Reorganization Committee to explore a potential demerger of the Owned Hotel Business into Fleur Hotels.
Strong YoY earnings growth (net profit more than doubled on consolidated basis) signals healthy business momentum, while the orderly succession plan brings in an experienced external CEO, likely viewed positively by the market. The proposed demerger of the owned-hotel business into Fleur Hotels could unlock value and simplify the structure, but execution risk and shareholder approval remain key milestones to watch.