Lemon Tree Hotels Limited has informed the Exchange regarding Appointment of M/s DPV & Associates LLP as Secretarial Auditors of the Company for the first term of five 5 (Five) consecutive years commencing from April 01, 2025 to March 31, 2030.
LEMONTREE · price
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At Lemon Tree Hotels' 33rd AGM on September 25, 2025, shareholders approved a major leadership succession plan effective October 1, 2025. Founder Mr. Patanjali Govind Keswani steps down as Managing Director but is appointed Executive Director and Chairman for an 18-month transition period. Mr. Neelendra Singh, former Managing Director of Adidas India with over 26 years of experience, is appointed as the new Managing Director for a 5-year term. Mr. Kapil Sharma is elevated from Executive VP & CFO to Executive Director & CFO for 5 years. Independent Director Mr. Niten Malhan is re-appointed for a second 5-year term, and DPV & Associates LLP is appointed as Secretarial Auditor for 5 years (April 2025 to March 2030).
This is a planned succession move rather than an abrupt change, which should reassure investors. The founder's continued involvement as Chairman for 18 months supports continuity, while the induction of an experienced new MD from a major consumer brand signals a professionalised next phase of growth. Shareholders should watch the new MD's strategy execution in upcoming quarters.