Jindal Hotels Shareholders Approve Piyush D. Shah's Re-appointment as Managing Director

Jindal Hotels Limited , a prominent player in the Indian hospitality sector, has announced significant developments following its 40th Annual General Meeting (AGM) held on September 23, 2025. The shareholders have approved key resolutions, including the re-appointment of Mr. Piyush D. Shah as the company's Managing Director for another three-year term.

Re-appointment of Managing Director

The shareholders of Jindal Hotels Limited have given their approval for the re-appointment of Mr. Piyush D. Shah as the Managing Director for a period of three years, effective from August 1, 2025, to July 31, 2028. This decision underscores the company's confidence in Mr. Shah's leadership and his continued role in steering the organization's growth.

Piyush D. Shah: A Veteran in Hospitality

Mr. Shah, aged 73, brings a wealth of experience to his role, with over 40 years in the hotel industry. He has been associated with Jindal Hotels since its inception, initially joining as Joint Managing Director in May 1984 before assuming the role of Managing Director in August 1990. His educational background includes degrees in Commerce and Law, providing him with a strong foundation in business and legal aspects of hotel management.

Leadership and Achievements

Under Mr. Shah's leadership, Jindal Hotels has garnered several prestigious accolades, including:

First Runner-Up in the Travel & Tourism Category at ICICI Bank and CNBC TV18's Emerging India Awards 2008
NASSCOM-CNBC IT User Award 2008 for best IT adoption in the tourism sector
Multiple TripAdvisor Awards over the years

These recognitions highlight the company's commitment to excellence and innovation in the hospitality industry under Mr. Shah's guidance.

Family Connections on the Board

It's worth noting that Mr. Shah's family members also hold positions on the company's board. Ms. Chanda Agrawal, his spouse, and Mr. Satvik P Agrawal, his son, serve as Non-Executive Directors, bringing additional perspectives to the company's governance.

Other AGM Resolutions

In addition to Mr. Shah's re-appointment, the AGM saw the approval of other significant resolutions:

Adoption of the Audited Financial Statements for the financial year ended March 31, 2025, along with the Board of Directors' and Auditors' Reports.
Re-appointment of Mr. Satvik Agrawal as a Director, who was liable to retire by rotation.
Appointment of M/s. KSPS & Co. LLP as the Secretarial Auditors of the Company for a term of 5 consecutive years, from FY 2025-26 to FY 2029-30.

Conclusion

The re-appointment of Mr. Piyush D. Shah as Managing Director and the approval of other key resolutions at the AGM reflect Jindal Hotels Limited's commitment to maintaining strong leadership and governance. As the company moves forward, it appears well-positioned to continue its growth trajectory in the competitive hospitality sector.

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Jindal Hotels Limited , a prominent player in the hospitality sector, has made two significant announcements following its recent board meeting. The company has released its unaudited standalone financial results for the first quarter of the fiscal year 2026 and reappointed its long-standing Managing Director.

Financial Results

The board of directors of Jindal Hotels Limited convened on July 22, 2025, to approve and record the unaudited standalone financial results for Q1 FY2026, which ended on June 30, 2025. These results, along with a Limited Review Report by the company's statutory auditors, will be published in newspapers as per regulatory requirements.

Leadership Continuity

In a move signaling continuity in leadership, the board has reappointed Mr. Piyush D. Shah as the Managing Director for an additional three-year term. This decision, recommended by the Nomination & Remuneration Committee, is subject to shareholder approval and other necessary authorizations.

About Piyush D. Shah

Mr. Shah, aged 73, brings a wealth of experience to his role:

Education: Holds degrees in Commerce and Law
Tenure: Associated with Jindal Hotels since May 4, 1984
- Initially served as Joint Managing Director
- Assumed the role of Managing Director on August 1, 1990
Experience: Over 40 years in the hotel industry
Role: Oversees overall company operations and shapes business strategies

Under Mr. Shah's leadership, Jindal Hotels has garnered several accolades, including:

First Runner-Up in the Travel & Tourism Category at ICICI Bank and CNBC TV18's Emerging India Awards 2008
NASSCOM-CNBC IT User Award 2008 for best IT adoption in the tourism sector
Consistent recipient of TripAdvisor Awards

Corporate Governance

The reappointment details, as required under Regulation 30 of the Listing Regulations, include:

Term: August 1, 2025, to July 31, 2028 (subject to shareholder approval)
Relationships: Mr. Shah is a founder promoter of the company
- Ms. Chanda Agrawal (Non-Executive Director) is his spouse
- Mr. Satvik P Agrawal (Non-Executive Director) is his son

It's noteworthy that Mr. Shah is not debarred from holding the office of director by any SEBI order or other authority.

The board meeting, which commenced at 12:30 PM and concluded at 5:30 PM, marks a significant milestone for Jindal Hotels Limited as it continues to navigate the dynamic hospitality industry under experienced leadership.