LEMON TREE HOTELS LIMITED has informed the Exchange about Resignation of Independent director.
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lemon Tree Hotels Limited informed the exchange that Independent Director Freyan Jamshed Desai (DIN: 00965073) has resigned from the Board with effect from March 20, 2026. The reason cited is health-related, with the director stating they can no longer dedicate the necessary time to the role. The director confirmed there are no other material reasons for the resignation. This appears to be a single independent director exit due to personal health reasons.
This is a routine, health-driven exit of one independent director and is unlikely to materially affect the stock price. Shareholders should watch for the company to appoint a replacement independent director within the regulatory timeframe to maintain board composition norms.