Hampton Sky Realty Limited , formerly known as Ritesh Properties and Industries Limited, has announced significant changes in its leadership and business focus following its 38th Annual General Meeting held on September 30, 2025.

New Leadership Appointments

The company has appointed Mr. Kavya Arora as the new Managing Director and Ms. Ketki Gupta as Joint Managing Director, both for a term of three years from August 14, 2025, to August 13, 2028. These appointments come in the wake of Mr. Sanjeev Arora's resignation from the position of Chairman and Managing Director on August 3, 2025, following his appointment as a Cabinet Minister.

Mr. Kavya Arora, 38, brings over 16 years of experience from Femmella, with expertise in business management, brand development, and strategic operations. He holds a Bachelor of Business Administration in International Business from The George Washington University.

Ms. Ketki Gupta, 34, has over 10 years of progressive experience at Femmella, with a strong background in business management, strategic planning, and operational leadership. She holds a Bachelor of Arts (Honours) degree in Communications from the University of Nottingham.

Both Mr. Arora and Ms. Gupta currently serve as directors on the boards of the company's subsidiary, RPIL Healthcare Private Limited, as well as Hampton Sky Hotels Private Limited and Hampton Sky Hospitality Private Limited.

Expansion into Hospitality Sector

In a strategic move, Hampton Sky Realty has amended its Memorandum of Association to expand its operations into the hospitality industry. The company's shareholders approved the addition of new sub-clauses to the 'Main Objects' clause, enabling the company to engage in various hospitality-related activities.

The new business areas include:

• Managing and operating hotels, motels, holiday camps, restaurants, and various entertainment facilities
• Providing tourism and travel agent services
• Developing sports and other activities catering to both domestic and international tourists

This expansion marks a significant diversification from the company's previous focus on real estate.

Other Key Appointments

The company has also made several other important appointments:

• M/s HDSG & Associates, Chartered Accountants, have been appointed as statutory auditors for a term of five years.
• M/s MZ & Associates, Practicing Company Secretaries, have been appointed as secretarial auditors for five consecutive financial years from 2025-26 to 2029-30.

These changes reflect Hampton Sky Realty's commitment to strengthening its corporate governance and expanding its business horizons. The company's move into the hospitality sector could potentially open up new growth opportunities in the coming years.

Investors and stakeholders will be keenly watching how these strategic changes unfold and impact the company's future performance and market position.

Hampton Sky Reality Limited announced a significant leadership change as Managing Director Sanjeev Arora resigned from his position, effective August 3, 2025. The resignation comes in the wake of Arora's recent election as a Member of the Legislative Assembly (MLA) for Punjab and his subsequent appointment as a Cabinet Minister in the state government.

Resignation Details

In a regulatory filing to the Bombay Stock Exchange (BSE), Hampton Sky Realty Limited disclosed that Sanjeev Arora (DIN: 00077748) has stepped down from his role as Managing Director. The company cited Arora's new public service responsibilities as the primary reason for his departure.

Broader Impact on Corporate Structure

The resignation extends beyond Hampton Sky Realty Limited. Arora has also relinquished his positions in three wholly-owned subsidiaries of the company:

1. Hampton Sky Hotels Private Limited
2. Hampton Sky Hospitality Private Limited
3. RPIL Healthcare Private Limited

All resignations are effective from August 3, 2025, coinciding with his departure from the parent company.

Reasons for Resignation

In his resignation letter, Arora explained that his new role as an MLA and Cabinet Minister in Punjab demands his complete focus and unwavering commitment to public service. The company's statement emphasized that the "gravity and exigent nature of the responsibilities entrusted to him" have made it impossible for Arora to devote the necessary time and attention required for his corporate duties.

Compliance and Disclosure

Hampton Sky Realty Limited has ensured compliance with regulatory requirements by providing detailed disclosures in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has also adhered to the latest SEBI circulars and master circulars regarding such disclosures.

Looking Ahead

As Hampton Sky Realty Limited and its subsidiaries navigate this leadership transition, the focus will likely shift to the appointment of a new Managing Director and the potential impact on the company's strategic direction. Stakeholders will be watching closely to see how the company adapts to this significant change in its top management.

The move underscores the occasional intersection between corporate leadership and public service, highlighting the challenges faced by individuals balancing high-level responsibilities in both sectors.