Juniper Hotels Appoints Mayur Chokshi as Additional Independent Director

Juniper Hotels Limited announced the appointment of Mr. Mayur Chokshi as an Additional Non-Executive Independent Director during a board meeting held on December 18, 2025. The appointment was approved based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Appointment Details

The board meeting, which commenced at 10:15 a.m. and concluded at 10:55 a.m., formalized Mr. Chokshi's appointment for a first term of two consecutive years. The company has filed the requisite disclosures with both NSE and BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parameter:	Details
Position:	Additional Non-Executive Independent Director
Term Duration:	Two (2) consecutive years
Commencement Date:	December 18, 2025
End Date:	December 17, 2027
DIN Number:	01238535
Approval Status:	Subject to shareholder approval

Updated Board Composition

Following Mr. Chokshi's appointment, the board composition of Juniper Hotels Limited has been revised. The company now has eight directors across various categories:

S. No.:	Name of Director	Designation
1:	Mr. Arun Kumar Saraf	Chairman and Managing Director
2:	Mr. David Peters	Non-Executive Non-Independent Director
3:	Mrs. Namita Saraf	Non-Executive Non-Independent Director
4:	Mr. Elton Tze Tung Wong	Non-Executive Non-Independent Director
5:	Mrs. Pallavi Shardul Shroff	Non-Executive Independent Director
6:	Mr. Sunil Mehta	Non-Executive Independent Director
7:	Mr. Rajiv Kaul	Non-Executive Independent Director
8:	Mr. Mayur Chokshi	Additional Non-Executive Independent Director

Professional Background

Mr. Mayur Chokshi brings extensive experience to the Juniper Hotels board as a senior Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India (FCA). He also holds DISA (ICAI) certification and possesses over four decades of post-qualification experience in corporate advisory, financial reporting, internal controls, risk management, and corporate governance.

As the Founder of Mayur Chokshi & Co., a Mumbai-based chartered accountancy firm, he has served diversified corporate clients across multiple sectors including insurance, non-banking financial companies (NBFCs), information technology and IT-enabled services (IT/ITES), fast-moving consumer goods (FMCG), pharmaceuticals, hospitality, and telecommunications.

Expertise and Qualifications

Mr. Chokshi's professional expertise spans several critical areas of corporate governance and financial management. He has served as an Independent Director on the boards of both listed and unlisted companies, bringing specialized knowledge in IndAS/IFRS, audit committee functions, enterprise risk management, regulatory compliance, internal control systems, and business structuring.

His commitment to staying current with technological developments is demonstrated through his advanced training in digital transformation and artificial intelligence governance, including completion of a certified course on Fundamentals of Artificial Intelligence from IIT Bombay. Additionally, Mr. Chokshi has conducted over one thousand professional workshops and seminars in India and overseas and has authored and contributed to several ICAI and WIRC publications on IFRS and IndAS.

Regulatory Compliance

The company has confirmed that Mr. Chokshi is not debarred from accessing capital markets and is not restrained from holding the office of director by virtue of SEBI orders or orders of any other competent authorities. The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Mr. Chokshi is not related to any existing director of the company.

This appointment reflects Juniper Hotels Limited's commitment to strengthening its board with experienced professionals who can contribute to the company's governance and strategic direction in the hospitality sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.94%	-0.94%	+6.25%	-14.86%	-26.20%	-35.51%

Juniper Hotels Limited , a prominent player in the Indian hospitality sector, has made a strategic move to expand its portfolio. The company's Board of Directors has approved participation in the Corporate Insolvency Resolution Process (CIRP) of Gstaad Hotels Private Limited, which owns and operates the JW Marriott Bengaluru.

Key Details of the Proposed Acquisition

Aspect	Details
Target Company	Gstaad Hotels Private Limited
Target Asset	JW Marriott Bengaluru
Target Company Turnover	Rs. 246.93 crore
Admitted Claims	Approximately Rs. 1,175.00 crore
Acquisition Strategy	Participation in Corporate Insolvency Resolution Process (CIRP)

Strategic Implications

This move aligns with Juniper Hotels' long-term growth strategy in the premium hospitality sector. By potentially acquiring and reviving the distressed hotel asset, Juniper aims to strengthen its position in the luxury segment of the Indian hospitality market.

Financial Context

To put this potential acquisition in perspective, let's look at Juniper Hotels' recent financial position:

Financial Metric	FY 2025 (in Rs. crore)	YoY Change
Total Assets	4,396.80	2.79%
Shareholders' Capital	2,726.70	2.69%
Current Assets	343.20	-33.91%
Fixed Assets	3,633.00	4.79%

The company's growing asset base and stable shareholders' capital indicate a solid financial foundation for this strategic move.

Regulatory Approvals

The acquisition is subject to necessary approvals, including those from the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Market Implications

This potential acquisition could significantly impact the premium hospitality landscape in Bengaluru, one of India's key business hubs. It also signals Juniper Hotels' confidence in the recovery and growth potential of the luxury hotel segment post-pandemic.

As the CIRP progresses, market watchers will be keen to see how this move affects Juniper Hotels' market position and financial performance in the coming quarters.