Chalet Hotels Limited announced stepping down of Mr. Milind Wadekar as the Chief Financial Officer of the Company effective from close of business hours on June 30, 2024 and his continuation as a member of the Senior Management of the Company till September 30, 2024. Thereafter, he will move on to a higher role within the K Raheja Corp. Group effective from October 01, 2024.

Reason for stepping down of Milind Wadekar is Change in designation pursuant to realignment of role and responsibilities. the company announced appointment of Mr. Nitin Khanna as the Chief Financial Officer of the Company effective from July 01, 2024. Mr. Khanna is a Chartered Accountant and a Cost & Works Accountant with 25 years of experience across various industries and is currently employed with Inorbit Malls (India) Private Limited as their Chief Financial Officer.