New CFO and 2 independent directors appointed; former CFO resigns
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At its October 9, 2026 board meeting, UVS Hospitality appointed Ms. Rupal Pandey and Mr. Siddharth Salunke as Non-Executive Independent Directors for 5 years. CFO Deepak Kumbhar resigned citing other professional commitments. Mr. David Machado, with finance experience at ISS, CBRE, Standard Chartered Bank and IDFC First Bank, takes over as the new CFO.
CFO change within the same day with no reason beyond personal commitments; new appointments may strengthen board oversight. Watch for shareholder approval.