NewsOriental Hotels Limited: Mr. Vijay Sankar Retires as Independent Director Upon Completion of TermOriental Hotels Limited: Mr. Vijay Sankar Retires as Independent Director Upon Completion of Term
Oriental Hotels Limited disclosed that Mr. Vijay Sankar (DIN: 00007875) ceased to be an Independent Director effective May 11, 2026, following the completion of his term. The filing, signed by Company Secretary S. Akila, was submitted to NSE and BSE in compliance with Regulation 30 of the SEBI Listing Regulations and the SEBI Circular dated January 30, 2026.
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Oriental Hotels Limited has informed the stock exchanges that Mr. Vijay Sankar (DIN: 00007875) has completed his term as an Independent Director of the company. Pursuant to this completion, Mr. Vijay Sankar ceased to be an Independent Director of the company with effect from the end of business hours on May 11, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Director Retirement Disclosure
The company filed the requisite disclosure pursuant to Schedule III of the SEBI Listing Regulations, read with the SEBI Circular dated January 30, 2026. The communication was addressed to the listing departments of both the National Stock Exchange of India Ltd. and BSE Ltd. The filing was signed by S. Akila, Company Secretary, on May 11, 2026.
The key details of the disclosure, as outlined in Annexure-A submitted by the company, are as follows:
| Parameter: | Details |
|---|---|
| Name of Director: | Mr. Vijay Sankar |
| DIN: | 00007875 |
| Reason for Change: | Retirement on completion of term as Independent Director |
| Effective Date: | May 11, 2026 |
| Date of Appointment / Re-appointment: | NA |
| Brief Profile: | NA |
| Relationship Between Directors: | NA |
Regulatory Compliance
The disclosure was made in accordance with the requirements of Regulation 30 of the SEBI Listing Regulations and the SEBI Circular referenced as HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Oriental Hotels Limited has requested both exchanges to take the information on record. The filing was submitted from the company's corporate office located at No. 47, Paramount Plaza, 3rd Floor, Mahatma Gandhi Road, Chennai - 600 034, Tamil Nadu, India.
Historical Stock Returns for Oriental Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.16% | -4.71% | +0.58% | -17.52% | -27.98% | +291.25% |
Who is being considered as a replacement for Mr. Vijay Sankar on Oriental Hotels' board, and what expertise profile is the company seeking in a new Independent Director?
How might the vacancy in the Independent Director position affect the composition and quorum requirements of Oriental Hotels' key board committees, such as the Audit and Nomination & Remuneration Committees?
Given the regulatory timeline under SEBI Listing Regulations, what deadline does Oriental Hotels face to fill the Independent Director vacancy, and could any delay expose the company to compliance risks?
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