Asian Hotels (North) Limited announced that Mr. Amritesh Jatia, vide resignation letter dated July 15, 2024 has expressed his intention to resign from the position of Chairman and Managing Director of the Company with effect from the closure of business hours of July 15, 2024 due to proposed reclassification of `Promoter/Promoter Group/to `Public' category.
Accordingly, he shall cease to be a member of Board of Directors of Asian Hotels (North) Limited and member of Audit Committee and Stakeholders Relationship Committee of the Board of the Company and further he shall cease to be authorized signatory under Registrar of Companies, Stock Exchanges, Banking, FSSAI, Customs, Tax authorities and such other regulatory authorities with effect from closing of the business hours of i.e. July 15, 2024.