Kamat Hotels (India) Limited has announced the resignation of its Chief Financial Officer, Mrs. Smita Bimal Nanda, effective May 15, 2026. The hospitality company filed the regulatory disclosure with stock exchanges on April 06, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CFO Resignation Details

Mrs. Smita Bimal Nanda submitted her resignation letter on April 06, 2026, expressing her intention to pursue other avenues in her professional career. The resignation will become effective from May 15, 2026, after the closure of business hours. The company has acknowledged her valuable contribution and dedication during her tenure as Chief Financial Officer.

Regulatory Compliance

Kamat Hotels filed the intimation pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, along with the required annexures including the detailed disclosure format and the original resignation letter from Mrs. Nanda.

Company Secretary's Role

The regulatory filing was signed by Nikhil Singh, Company Secretary & Compliance Officer of Kamat Hotels (India) Limited. The company has ensured compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the disclosure requirements for key managerial personnel changes.

Transition Process

In her resignation letter, Mrs. Nanda requested the company to file the necessary notice with the Registrar of Companies (ROC) and intimate the stock exchanges as per the regulatory framework. She also requested a copy of the filings for her reference and records. The company expressed gratitude for her cooperation throughout her employment tenure.

Kamat Hotels (India) Limited has informed stock exchanges about the impending closure of its IRA by Orchid Hotels property in Mumbai, marking the end of operations at the Andheri East location.

Closure Details and Timeline

The hotel operations will be discontinued effective April 1, 2026, following the natural expiry of the Leave and License Agreement. The company had entered into this agreement on October 26, 2023, which is scheduled to expire on March 31, 2026.

Financial Impact Assessment

The hotel property generated significant revenue for the company during its operational period. According to the disclosure, the property contributed Rs. 4807.59 lakhs in revenue from operations during the last financial year ending March 31, 2025.

Company's Position on Closure

Kamat Hotels has assured investors and stakeholders that the discontinuance of operations at this hotel property will not adversely impact the company's profitability in the coming financial years. This statement suggests that the company has adequate revenue streams from other properties to offset the loss of this particular hotel's contribution.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance in its disclosure process.

The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, with the company also updating its website with the relevant details for stakeholder access.