Vikram Kamats subsidiary to close Bengaluru hotel by April 2026

Vikram Kamats Hospitality Ltd announced that its material subsidiary, Vitizen Hotels Limited, will discontinue operations of the 'Vits' brand hotel at Manayata Tech Park, Bengaluru. The closure is effective from April 28, 2026. The decision was made after considering operational and commercial factors, including a "Gas crisis" cited as a force majeure event. The company confirmed that all applicable statutory requirements for the closure will be met. Importantly, the company does not expect this closure to have a material adverse impact on the overall operations of Vikram Kamats Hospitality Ltd or Vitizen Hotels Limited.