Chalet Hotels Limited Announces Resignation of Chief Operating Officer Rajneesh Malhotra

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Chalet Hotels Limited Announces Resignation of Chief Operating Officer

Team Finance Saathi

09/Sep/2024

Major Takeaways:

Resignation: Rajneesh Malhotra has resigned as Chief Operating Officer, with his resignation effective from October 31, 2024.

Transition: Malhotra has committed to ensuring a smooth transition of his responsibilities and is open to an earlier release if necessary.

Compliance: The resignation and details are disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Chalet Hotels Limited has officially announced the resignation of its Chief Operating Officer, Rajneesh Malhotra, effective October 31, 2024. This announcement is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Resignation

Rajneesh Malhotra has tendered his resignation from the position of Chief Operating Officer, a decision he has not taken lightly. In his resignation letter dated September 4, 2024, Malhotra expressed his gratitude for the opportunities and professional growth he experienced at Chalet Hotels. He committed to ensuring a smooth transition and is prepared to serve his full notice period but is also open to an earlier release to better accommodate the organization's needs.

Compliance with SEBI Regulations

In line with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, Chalet Hotels Limited has disclosed the necessary details related to the resignation. The disclosure includes:

Reason for Change: Resignation

Effective Date: October 31, 2024

Brief Profile: Not applicable

Disclosure of Relationships: Not applicable

Next Steps

Chalet Hotels Limited will begin the process of finding a replacement for the Chief Operating Officer position. The company has expressed its commitment to a smooth transition during this period.

Contact Information

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Chalet Hotels Limited Announces Resignation of Chief Operating Officer

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