Park Hotels announces CFO change: Atul Khosla exits, Manish Bhagat appointed from Sept 21

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

PARKHOTELS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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 a notice period until December 20, 2026 for a smooth handover. Replacing him is Mr. Manish Bhagat, a Chartered Accountant with over 20 years of experience across hospitality, retail, aviation, and aerospace. He was most recently Vice President of Finance at SAMHI Hotels and has earlier held roles at Devyani International and IndiGo. The resignation letter confirms no material reasons beyond the stated new opportunity.

Likely market impact

Orderly CFO transition with an experienced replacement drawn from listed hospitality peers. No governance red flags; notice period supports a clean handover.