CFO resigns, new CFO and 2 Independent Directors appointed
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On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UVS Hospitality board on Oct 9, 2026 approved appointing Ms. Rupal Pandey and Mr. Siddharth Salunke as Non-Executive Independent Directors for 5 year terms up to Oct 8, 2031. CFO Mr. Deepak Kumbhar resigned citing other professional commitments. Mr. David Machado, a finance professional with experience at ISS, CBRE, Standard Chartered Bank and IDFC FIRST Bank, was appointed as new CFO. All changes effective Oct 9, 2026.
Multiple board and CFO changes in one day may raise short term governance questions, though the new CFO brings solid finance experience from global firms.