Apeejay Surrendra Park Hotels Appoints Manish Bhagat as New CFO, Replacing Atul Khosla
Apeejay Surrendra Park Hotels appointed Manish Bhagat as CFO and KMP effective September 21, 2026. He replaces Atul Khosla, who resigned to pursue new opportunities. Bhagat has over 20 years of finance experience in hospitality and other sectors.
A change in the Chief Financial Officer is a critical role within a company, impacting financial strategy and operations. This change could influence investor confidence and the company's financial direction.
The appointment of a new CFO and the resignation of the previous one are routine events for a company. While the change in leadership is significant, there are no immediate positive or negative financial implications directly stated in the announcement.
Apeejay Surrendra Park Hotels Limited has announced significant changes in its key managerial personnel. The Board of Directors, in a meeting held on September 17, 2026, accepted the resignation of Mr. Atul Khosla from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This resignation is effective from September 21, 2026, as Mr. Khosla intends to pursue a new professional opportunity. Concurrently, the Board has appointed Mr. Manish Bhagat as the new CFO and KMP, also effective September 21, 2026.
Mr. Bhagat brings over 20 years of extensive experience in finance across various sectors, including hospitality, retail, and aviation. He is a Chartered Accountant and holds a B.Com (Hons.) degree from Delhi University. His prior roles include Vice President - Finance at SAMHI Hotels Limited, and he has also held positions at Devyani International Limited and InterGlobe Aviation Limited (IndiGo). Mr. Bhagat possesses deep expertise in treasury and capital management, financial reporting, and audit, with specific knowledge of the hospitality business. He is not related to any Director of the Company.
The resignation letter from Mr. Atul Khosla indicates that he will serve the company during his notice period until December 20, 2026, to ensure a smooth transition. He confirmed that his resignation is solely due to a new professional opportunity and there are no other material reasons.
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Apeejay Surrendra Park Hotels Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Apeejay Surrendra Park Hotels Limited. Read the original for the full detail.