Advent Hotels Appoints Himmat Singh Sandhu as MD & CEO; Rahul Pandit Resigns
Advent Hotels appoints Himmat Singh Sandhu as MD & CEO for three years from Nov 1, 2026. Rahul Pandit resigns as MD & CEO, effective Nov 1, 2026. The company also plans to increase authorized share capital and has scheduled its AGM for Sep 29, 2026.
The change in Managing Director and CEO, along with the proposed increase in authorized share capital, are material events that could influence the company's strategic direction and financial structure, warranting a medium impact.
The announcement involves a change in key management personnel and an increase in authorized share capital. While the appointment of a new MD & CEO is a significant event, the resignation of the previous one balances the sentiment, making it neutral.
Advent Hotels International Limited announced significant leadership changes following a Board of Directors meeting held on September 4, 2026.
Mr. Rahul Pandit has tendered his resignation as Managing Director and Chief Executive Officer of the company, effective November 1, 2026. He will also cease to be a Member of the Audit Committee.
Following Mr. Pandit's resignation, the Board, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Himmat Singh Sandhu as the new Managing Director and Chief Executive Officer. This appointment is for a period of three years, from November 1, 2026, to October 31, 2029, and is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Mr. Sandhu will also join the Audit Committee as a member, replacing Mr. Pandit. The revised Audit Committee composition, effective November 1, 2026, will include Mr. Ajoy Mehta as Chairman, Ms. Maryam Khan as Member, and Mr. Himmat Singh Sandhu as Member.
The Board also authorized Mr. Himmat Singh Sandhu, along with Mr. Amit Kumar Jain (CFO), to determine the materiality of events under SEBI Listing Regulations, effective November 1, 2026.
Furthermore, the company's authorized share capital is proposed to be increased from ₹75.20 crore to ₹160 crore, subject to member approval at the ensuing AGM.
The Annual General Meeting has been scheduled for September 29, 2026 (Tuesday) at 3:00 PM, to be conducted through Video Conferencing (VC) and/or other audio-visual means (OAVM). The Board meeting commenced at 3:15 PM and concluded at 6:00 PM.
A plain-language summary of a public exchange filing by Advent Hotels International Limited. Read the original for the full detail.
