Lemon Tree Hotels Limited has announced the resignation of its Independent Director, Ms. Freyan Jamshed Desai, effective from the close of business hours on March 20, 2026. This development was disclosed in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ms. Desai, who held the position of Independent Director, cited health reasons for her decision to step down from the board and its committees. In her resignation letter, she confirmed that there are no material reasons for her departure other than those stated. The company has included her resignation letter as Annexure A in the filing.
The filing also provided additional information as per the SEBI requirements, confirming that Ms. Desai does not hold directorships in any other listed entities. Furthermore, she reiterated that there are no other material reasons for her resignation beyond what was mentioned in her letter.
Lemon Tree Hotels has requested stakeholders to take note of this information and has assured that the necessary forms and intimations will be filed with the Registrar of Companies and the Stock Exchanges as required.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).