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Advent Hotels' Board saw MD & CEO Rahul Pandit resign, replaced by Himmat Singh Sandhu for three years, subject to shareholder approval. The company also approved increasing its authorized share capital from ₹75.20 Cr to ₹160 Cr. These key changes await shareholder nod at the upcoming AGM.
Advent Hotels International announces significant board decisions: * **Leadership Transition:** Mr. Rahul Pandit steps down as MD & CEO, effective November 1st. The Board has approved the appointment of Mr. Himmat Singh Sandhu as the new MD & CEO for three years from the same date, pending shareholder approval. Mr....
Advent Hotels Board announced leadership changes & a major capital boost. Rahul Pandit steps down as MD/CEO on Nov 1, with Himmat Singh Sandhu taking over. Board approved increasing authorized capital from ₹75.20 Cr to ₹160 Cr, awaiting shareholder nod at the Sep 29 AGM.
Advent Hotels International Limited's promoter group, Neelkamal Tower Construction LLP, has unpledged 31.80 lakh equity shares. These shares, representing approximately 5.90% of the company's total share capital, were initially pledged as collateral for a loan taken by a group entity from HDFC Limited (now HDFC Bank). Following a corporate restructuring,...