Kamat Hotels (India) Limited has confirmed that Milind Wadekar has officially joined the company as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 1, 2026. This development follows the company’s initial intimation regarding his appointment dated May 12, 2026. The disclosure was made to the Bombay Stock Exchange and National Stock Exchange of India Limited on August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The formal joining of Wadekar marks a key leadership addition to Kamat Hotels’ senior management team. As a Chartered Accountant with a Bachelor’s in Commerce, Wadekar brings over 30 years of professional experience, including more than two decades specifically within the hospitality sector. His expertise spans finance, business strategy, merger and amalgamations, risk management, treasury, taxation, and investor relations.

Wadekar’s prior tenure includes serving as Executive Vice President – Finance and Investor Relations at Vention Hospitality Limited. Before that, he served as CFO at Chalet Hotels Limited, where he played a key role in optimizing financial performance and driving shareholder value. His background is expected to bring strategic financial acumen to Kamat Hotels’ operations.

Regulatory Compliance

The company issued this update through its Company Secretary and Compliance Officer, Nikhil Singh, who digitally signed the communication on August 4, 2026. The filing references the earlier May 12, 2026 intimation and confirms the commencement of Wadekar’s role as per the approved timeline. No changes were reported in the relationships between directors, and the appointment stands as a standard executive addition under SEBI listing norms.

Kamat Hotels announced the opening of IRA by Orchid in Bhavnagar, Gujarat, on June 19, 2026. The new property features 50 well-appointed rooms across Deluxe, Executive, and Suite categories, operating under a leased model to strengthen the company's presence in the state.

Strategically located in ISCON Mega City, the hotel offers access to Bhavnagar Airport, railway stations, and commercial centres. The facility includes a multi-cuisine all-day dining restaurant, 24-hour in-room dining, a full-service gym, and five versatile banquet and meeting venues accommodating up to 500 guests.

Property Details

Dr. Vithal Venketesh Kamat, Executive Chairman & Managing Director of Kamat Hotels (India) Ltd., stated that the opening reflects confidence in the potential of emerging Indian cities. He highlighted Bhavnagar's industrial base and cultural richness as key drivers for the market.

Mr. Vishal Vithal Kamat, Executive Director, added that the hotel is positioned to cater to business, leisure, and pilgrimage travellers. He noted the property's balance of comfort, convenience, and sustainability for guests visiting the heart of Saurashtra.