Kamat Hotels (I) Limited — Others, 03-02-2025: Change in Director(s)

Kamat Hotels (India) Limited has announced a board meeting outcome highlighting several key decisions. The board approved the unaudited financial results for the third quarter and nine months, ending December 31, 2024. Additionally, Mrs. Harinder Pal Kaur will be reappointed as an Independent Women Director for a second term of five years starting May 15, 2025. The board also approved the acquisition of 10,000 equity shares of Chandi Hospitality Private Limited for ₹1,00,000, making it a wholly-owned subsidiary. This strategic acquisition is set to enhance KHIL's brand presence and operational efficiencies in the hotel sector, which may bolster investor sentiment with positive growth outlooks.