Chalet Hotels Ltd - 542399 - Outcome Of Board Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), please be informed that the Board of Directors of the Company at its meeting held today i.e., August 11, 2020 has, inter-alia: 1.Considered and approved the Statement of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2020, in accordance with the provisions of Regulation 33 of the Listing Regulations; 2.Approved the appointment of Mr. Milind Wadekar, Vice President - Finance & Tax as the interim Chief Financial Officer and Key Managerial Personnel of the Company with effect from September 15, 2020. 3.Amalgamation of the wholly-owned subsidiaries of the Company viz., Belaire Hotels Private Limited and Seapearl Hotels Private Limited with the Company, subject to approval of the same by the wholly-owned subsidiaries. The meeting of the Board of Directors of the Company commenced at 1.00 pm and concluded at 3.10 pm11-08-2020