Graviss Hospitality Limited has informed the stock exchanges regarding the cessation of Mr. Ravi Ghai as the Director and Chairman of the company. The change in leadership is effective from May 22, 2026. The company stated that the development is in accordance with the provisions of Section 167(1)(b) of the Companies Act, 2013, which deals with the vacation of office by a director.

Reason for Cessation

The departure of Mr. Ravi Ghai follows his absence from all meetings of the Board of Directors held during a period of twelve months. Consequently, the office of the Director was vacated automatically under the stipulated legal provisions. Mr. Ghai held the position of Non-Executive and Non-Independent Director and Chairman prior to this cessation.

Regulatory Disclosure

The disclosure was submitted to BSE Limited in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the necessary details as required under the relevant SEBI circular dated January 30, 2026.

Details of Change

The confirmation was signed by Jalpa Gautam Modi, the Company Secretary and Compliance Officer of Graviss Hospitality Limited .

Graviss Hospitality Limited's Board of Directors, at its meeting held on May 14, 2026, approved the re-appointment of key managerial personnel and statutory auditors. The decisions were taken pursuant to the recommendations of the Audit Committee and the Nomination and Remuneration Committee.

Re-appointment of Internal Auditor

The Board re-appointed M/s. V. Sankar Aiyar & Company, Chartered Accountants (Registration No. 109208W), as the Internal Auditor of the company for the financial year 2026-27. The firm, which provides assurance, tax, advisory, regulatory, and valuation services, has been appointed for a term of one year effective April 01, 2026.

Re-appointment of Whole-Time Director

In a significant move, the Board approved the re-appointment of Mr. Romil Ratra (DIN: 06948396) as Whole-Time Director for a further period of five years with effect from March 01, 2026. This appointment is subject to the approval of the shareholders. Mr. Ratra is a graduate of the Institute of Hotel Management, Catering Technology and Applied Nutrition, Mumbai, and brings over three decades of experience in hotel operations and strategy to the role. He has been associated with the company since 2020.

The details of these appointments were disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI circulars.