NSEGeneral Updates1d ago · 21 Sept 2026, 03:39 pm

General Updates

Apeejay Surrendra Park Hotels Limited · PARKHOTELS

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Apeejay Surrendra Park Hotels Limited has appointed Mr. Manish Bhagat as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 21, 2026. Mr. Bhagat brings over 20 years of experience in finance across diverse sectors.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Full Announcement

Apeejay Surrendra Park Hotels Limited has informed the Exchange about press release on appointment of Mr. Manish Bhagat as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company

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ASPHL_21092026153853_Intimation.pdf

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Date: September 21, 2026 Listing Manager, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor Plot 1st Floor, New Trading Ring Rotunda Building, No. C-1, Block G, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E) Mumbai – 400051, India Fort Mumbai – 400001, India Symbol: PARKHOTELS Scrip Code: 544111 ISIN No.: INE988S01028 ISIN No.: INE988S01028 Subject: Press Release on appointment of Mr. Manish Bhagat as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company Respected Sir/Ma’am, We are pleased to announce the appointment of Mr. Manish Bhagat as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from September 21, 2026. A press release on the captioned subject is enclosed herewith, the contents of which are self- explanatory. This is for the information of the Exchange and the members. Thanking you. Yours sincerely, For Apeejay Surrendra Park Hotels Limited Shalini Keshan (Company Secretary and Compliance Officer) Membership No.: ACS-014897 Apeejay Surrendra Park Hotels appoints Manish Bhagat as Chief Financial O(cid:431)icer National, September 21, 2026: Apeejay Surrendra Park Hotels Limited, one of India’s leading hospitality companies, today announced a leadership transition in its finance function with the appointment of Mr Manish Bhagat as Chief Financial O(cid:431)icer and Key Managerial Personnel, e(cid:431)ective September 21, 2026. Mr Bhagat succeeds Mr Atul Khosla, who has stepped down from the role to pursue a new professional opportunity. Mr Bhagat brings over 20 years of significant experience in finance across diverse sectors, including hospitality, retail, engineering, aviation and aerospace. Prior to joining ASPHL, he served as Vice President – Finance at SAMHI Hotels Limited following earlier leadership roles at Devyani International Limited, AirWorks Engineering Pvt Ltd., and InterGlobe Aviation Limited (IndiGo). Over the course of his career, he has built extensive expertise in financial planning and control, strategic financial management, treasury management, refinancing activities, cost optimization, audits, due diligence controls and digital finance transformation. Commenting on the leadership transition, Mr. Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Limited, said, “We thank Mr Atul Khosla for his valuable contribution, commitment and work ethics and wish him the very best for the next chapter in his journey. We are delighted to welcome Manish Bhagat to Apeejay Surrendra Park Hotels. His extensive experience across hospitality and diverse sectors will bring valuable perspective to our leadership team as we continue to scale our business and drive sustainable growth. We look forward to his leadership and contribution in the journey ahead.” Speaking about his appointment, Mr Manish Bhagat said, “I am delighted to join Apeejay Surrendra Park Hotels, a legendary Indian hospitality company with a distinctive legacy and a strong platform for the future. I look forward to working closely with the leadership team and contributing to the Company’s next phase of growth, with a focus to further strengthen financial performance, driving operational e(cid:431)iciencies and creating sustainable long-term value for the business and its stakeholders.” About Apeejay Surrendra Park Hotels Limited: Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the hospitality sector renowned for its upscale properties and diverse F&B o(cid:431)erings. Since its inception in 1967, with the opening of its first property in Kolkata under the renowned brand "THE PARK," the Company has expanded its pan-India presence, operating 42 hotels and a growing portfolio of owned, leased, and managed properties under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. These brands are known for their upscale and upper mid-scale categories, symbolizing excellence in hospitality. Alongside its core hospitality o(cid:431)erings, ASPHL has a diverse portfolio in food and beverage (F&B) and entertainment, with restaurants, nightclubs, and bars. The Company also has a well- established footprint in the retail food and beverage sector through its iconic retail brand 'Flurys,' which includes a broad network of outlets featuring various formats including kiosks, cafes, and restaurants. Moreover, the Company's portfolio includes nightclubs and entertainment options, enhancing its brand positioning and enabling synergistic cross-selling opportunities. ASPHL is listed on the BSE Ltd (BSE) (Code: PARKHOTELS/544111) and National Stock Exchange of India Ltd. (NSE) (Symbol: PARKHOTELS) in India. For further information, please contact: Ruchika Pandit | +91 - 9910332565 rpandit@theparkhotels.com Simran Sethi | +91 - 8425928828 simran.sethi@bursonglobal.in For more information about us, please visit www.theparkhotels.com or contact: DISCLAIMER: Certain statements made in the press release may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might di(cid:431)er substantially from those expressed or implied. Apeejay Surrendra Park Hotels Limited will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward- looking statements to reflect subsequent events or circumstances.