TGB Banquets And Hotels Limited has informed the Exchange regarding Change in Director(s) of the company.
TGBHOTELS · price
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Awaiting price reaction for this filing.
TGB Banquets And Hotels announced outcomes from its board meeting held on August 13, 2025. The board approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report. It also approved the re-appointment of Mr. Narendra G. Somani as Managing Director and Chairman for 3 years effective October 1, 2025, and the re-appointment of Mr. Devanand G. Somani and Mr. Hemant G. Somani as Whole Time Directors for 5 years each effective January 26, 2026. Mrs. Jasmin Jaykumar Doshi was re-appointed as Non-Executive Independent Woman Director for a second 5-year term effective November 9, 2025. Additionally, M/s. Umesh Ved & Associates was appointed as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and an amended Insider Trading Policy was adopted.
All director changes are re-appointments, not resignations or new external inductions, indicating continuity in leadership with the promoter Somani family brothers retaining their executive roles. Shareholders will need to approve these re-appointments at the upcoming AGM. The stock price impact is likely neutral as no strategic or leadership disruption is signaled.