Outcome of the meeting of the Board of Directors held on Wednesday, June 04, 2025
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At its meeting on June 4, 2025, the Board of Royale Manor Hotels & Industries accepted the resignation of Mr. Devraj Singh Chauhan from the post of Chief Financial Officer, effective close of business on June 3, 2025, due to personal reasons. In the same meeting, the Board appointed Ms. Sonu Shah as the new CFO effective June 4, 2025; she holds a post-graduate qualification and brings experience in accounting, budgeting, statutory compliance, financial planning, and reporting. The outgoing CFO confirmed there were no material reasons other than personal circumstances. The Board also reviewed other routine business matters, with the meeting running from 4:00 PM to 5:00 PM.
This is a routine leadership transition with an immediate, same-day replacement, so the company avoids any gap at the CFO level. For shareholders, the change itself is neutral, but any future quarters will need to be watched to assess how the new CFO handles financial reporting and compliance.