Ras Resorts & Apart Hotels Appoints New Company Secretary, Approves Q1 Results

Ras Resorts & Apart Hotels Ltd , a prominent player in the hospitality sector, has announced significant corporate developments, including a key appointment and the approval of its latest financial results.

New Company Secretary Appointment

The company's Board of Directors, in a meeting held on July 26, appointed Ms. Komal Bafna as the new Company Secretary and Compliance Officer, effective immediately. Ms. Bafna, who holds membership number A29152 with the Institute of Company Secretaries of India, brings a wealth of experience to her new role.

Professional Background

Ms. Bafna's credentials include:

• B.Com graduate
• Qualified Company Secretary
• Extensive experience in corporate secretarial functions

The company has confirmed that Ms. Bafna has no familial relationships with any of the company's promoters or directors, ensuring an independent perspective in her role.

Q1 Financial Results Approved

In the same board meeting, Ras Resorts & Apart Hotels Ltd approved the unaudited financial results for the quarter ended June 30. These results were subject to a limited review by the company's independent auditors, Khandelwal & Mehta LLP.

Auditor's Review

The independent auditors conducted their review in accordance with the Standard on Review Engagements (SRE) 2410. Their report states:

"Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

This statement provides assurance to stakeholders regarding the accuracy and reliability of the company's financial reporting.

Upcoming Annual General Meeting

The company has scheduled its 41st Annual General Meeting for September 6, where shareholders will have the opportunity to engage with the management and review the company's performance.

These developments demonstrate Ras Resorts & Apart Hotels Ltd's commitment to maintaining strong corporate governance practices and transparent communication with its stakeholders. The appointment of Ms. Bafna and the timely approval of quarterly results reflect the company's proactive approach to meeting regulatory requirements and industry best practices.