Management Change4 Sept 2026, 07:20 pm
Advent Hotels Appoints New MD & CEO, Doubles Authorized Share Capital
AI Summary
Advent Hotels International Ltd announced significant management changes and a capital increase following a Board of Directors meeting on September 4, 2026. Mr. Rahul Pandit resigned as Managing Director and CEO, effective November 1, 2026. Concurrently, Mr. Himmat Singh Sandhu was appointed as the new MD & CEO for a three-year term starting November 1, 2026, subject to shareholder approval. The company also approved a proposal to double its authorized share capital from ₹75.20 crore to ₹160 crore. An Annual General Meeting is scheduled for September 29, 2026, to discuss these proposals.
Key Highlights
- Mr. Himmat Singh Sandhu appointed as new MD & CEO from Nov 1, 2026.
- Mr. Rahul Pandit resigns as MD & CEO, effective Nov 1, 2026.
- Authorized share capital to be increased from ₹75.20 Cr to ₹160 Cr.
- AGM scheduled for September 29, 2026, to approve capital increase and appointment.
- Mr. Sandhu also appointed to the Audit Committee.
Price Impact
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