Taj GVK Hotels & Resorts Limited, one of India’s premier hospitality companies, announced two major leadership appointments during its Board of Directors meeting held on April 24, 2025. Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mrs. Shalini Bhupal as the Managing Director & Chief Executive Officer (CEO) and Mr. Krishna R Bhupal as the Joint Managing Director, each for a term of five years, effective from April 25, 2025. These appointments are subject to the approval of shareholders at the upcoming Annual General Meeting (AGM).

The Board meeting, which began at 11:00 AM IST and concluded at 12:05 PM IST, was convened to deliberate and finalize key executive leadership changes within the organization as per Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Leadership Appointments

1. Mrs. Shalini Bhupal (DIN: 00005431), who has been a longstanding contributor to the company’s success, has been appointed as the Managing Director & CEO of Taj GVK Hotels & Resorts Limited. Her appointment marks a significant milestone in the company’s leadership evolution and is aligned with its strategic objectives. Her new role will begin from April 25, 2025, and is valid for five years, pending approval from shareholders at the forthcoming AGM.

2. Mr. Krishna R Bhupal (DIN: 00005442), a seasoned leader and key figure within the organization, has been appointed as Joint Managing Director for the same period, starting April 25, 2025, and will also require shareholder consent to formalize the appointment.

These appointments are pivotal for the next phase of strategic growth and operational enhancement across the group’s hospitality assets. The Bhupal family has historically played a central role in steering Taj GVK towards continued excellence and expanding its presence in India's luxury hospitality segment.

Regulatory Compliance and Transparency

Taj GVK has confirmed that neither of the appointed individuals are debarred from holding such positions by any regulatory body including Securities and Exchange Board of India (SEBI). This confirmation aligns with the disclosure requirements under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated 13th July 2023 (SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123). The detailed disclosures regarding the appointments have also been annexed as Annexure A to the official exchange filing.

Leadership Legacy and Vision Ahead

The Bhupal family’s association with the Indian luxury hotel industry is longstanding, and this generational leadership transition reinforces Taj GVK's commitment to continuity, heritage, and excellence. Mrs. Shalini Bhupal, in her new role as MD & CEO, is expected to drive strategic innovation, enhance customer experience, and further strengthen operational efficiencies across the group’s properties.

Mr. Krishna R Bhupal, who has also contributed significantly to the company’s performance and expansion plans, will play a complementary leadership role as Joint Managing Director, focusing on corporate development and new ventures.

About Taj GVK Hotels & Resorts Limited

Taj GVK Hotels & Resorts Limited is a joint venture between the GVK Group and Indian Hotels Company Limited (IHCL), part of the Tata Group. The company owns and operates luxury hotels under the Taj brand in key cities including Hyderabad, Chennai, and Chandigarh. Known for its commitment to quality, heritage, and guest satisfaction, Taj GVK remains a trusted name in India’s hospitality landscape.

The company is headquartered at Taj Krishna, Road No. 1, Banjara Hills, Hyderabad, and continues to uphold its legacy while adapting to contemporary hospitality trends.

Forward Path

These strategic leadership appointments are expected to infuse fresh energy and direction into Taj GVK's operations. With the support of a seasoned team and a strong brand legacy, the company is poised for sustained growth and excellence in the highly competitive Indian hospitality market.

Taj GVK will provide further updates on the shareholder approval process and any related developments through official disclosures as required by regulatory guidelines.

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