Apeejay Surrendra Park Hotels: Independent Director Mr. Suresh Kumar Retires
Mr. Suresh Kumar, Independent Director and Chairperson of the Audit and Risk Management Committee of Apeejay Surrendra Park Hotels Limited, will retire on March 28, 2026. Mr. Ranjit Kumar Pachnanda will take over as Chairperson of the committee from March 27, 2026.
The retirement of an independent director upon completion of their tenure is a procedural event and is not expected to have a significant impact on the company's operations or financial performance.
The announcement concerns the routine cessation of an independent director upon completion of tenure, which is a standard corporate governance event and does not inherently indicate positive or negative performance or outlook for the company.
Apeejay Surrendra Park Hotels Limited has announced the cessation of Mr. Suresh Kumar as an Independent Director and Chairperson of the Audit and Risk Management Committee. His retirement is effective from March 28, 2026, upon completion of his stipulated tenure.
Following Mr. Kumar's retirement, Mr. Ranjit Kumar Pachnanda, currently an Independent Director, will assume the role of Chairperson of the Audit and Risk Management Committee. This change will be effective from March 27, 2026.
The company has provided the necessary disclosures as per SEBI Listing Regulations, detailing the reason for the change as retirement upon completion of tenure and specifying the cessation date.
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Apeejay Surrendra Park Hotels Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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