Business Update23 Oct 2026, 01:32 pm
Vikram Kamats Hospitality Closes Bharuch Hotel & Mira Road Restaurant
AI Summary
Vikram Kamats Hospitality Ltd announced the closure of its hotel 'Vits Select' in Bharuch, Gujarat, operated by its material subsidiary Vitizen Hotels Limited. Additionally, the company has discontinued its restaurant 'Kamats Legacy' at Mira Road, Thane. The decision was based on operational and commercial factors, including business disruption. The company stated that these closures are not expected to have a material adverse impact on its overall operations or those of its subsidiary. Compliance with all statutory requirements related to the closures will be ensured.
Key Highlights
- Closure of hotel in Bharuch operated by subsidiary Vitizen Hotels.
- Closure of company-operated restaurant at Mira Road.
- Discontinuations due to operational and commercial factors.
- No material adverse impact expected on overall operations.
- Compliance with statutory requirements will be ensured.
Price Impact
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