Kamat Hotels (India) Limited announced that Mr. Kaushal Biyani and Mr. Hrishikesh Parandekar, nominated by Purple Clover Tree LLP (The Debenture holder) has tendered their resignation from Directorship (in capacity of Nominee Directors) of the Company with effect from 4th April, 2024. The resignation of both the Nominee Directors is on account of repayment of entire outstanding amount due to Purple Clover Tree LLP as per the terms of the Debenture Trust Deed dated January 19, 2023. Consequently, Mr. Kaushal Biyani shall cease to be the member of Audit Committee.