CFO change at Apeejay Park Hotels - Atul Khosla resigns, Manish Bhagat takes over

CFO resignedManagement Changes View source PDF Explain this filing

PARKHOTELS · price

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

-0.7%Reaction day

₹107.77

prior close

₹108.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-2.3% vs market

Hotels & Resorts peers, median of 59sector+0.8%-1.4% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.4 pts less 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

-0.4

10m

-0.5

15m

-0.9

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+1.6-2.3+0.8-1.4

Next day

-1.4+1.5-2.9+1.0-2.5

-0.1+1.9-2.0+1.5-1.6

-0.3+3.2-3.5+1.6-1.9

-2.2+1.7-3.9+1.2-3.4

-1.6+2.0-3.6+0.5-2.1

-5.5+1.4-6.8-0.7-4.8

15d

-3.8-0.8-3.0-2.2-1.6

-2.9-2.5-0.4-2.8-0.2

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 59Pending

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

AI summary

Apeejay Surrendra Park Hotels announced a CFO change effective September 21, 2026. Mr. Atul Khosla resigned to pursue a new professional opportunity and will serve notice till December 20, 2026. Mr. Manish Bhagat, a Chartered Accountant with over 20 years of experience, has been appointed as the new CFO. He was previously Vice President - Finance at SAMHI Hotels and held earlier roles at Devyani International and InterGlobe Aviation (IndiGo).

Likely market impact

Smooth transition planned with about 3-month notice period. New CFO brings strong hospitality finance experience from SAMHI Hotels and IndiGo.