Advent Hotels Appoints New MD & CEO, Hikes Authorized Capital
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, and will also step down from the Audit Committee. Mr. Himmat Singh Sandhu has been appointed as the new MD & CEO for a three-year term, starting November 1, 2026, subject to shareholder approval. He will also join the Audit Committee. The company also approved a substantial increase in its authorized share capital from ₹75.20 crore to ₹160 crore, comprising equity and redeemable preference shares. The 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 increase from ₹75.20 Cr to ₹160 Cr.
- AGM scheduled for September 29, 2026, to approve capital hike.
- Mr. Sandhu appointed to Audit Committee replacing Mr. Pandit.
Price Impact
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