Lemon Tree Hotels Limited announced the resignation of Ms. Freyan Jamshed Desai, an Independent Director, effective from the close of business hours on March 20, 2026. The resignation is due to health reasons, as she is no longer able to dedicate the necessary time to her responsibilities. Ms. Desai confirmed that there are no material reasons for her departure other than those stated in her formal resignation letter, which was duly provided to the Board.
Formal Announcement of Director Resignation
Lemon Tree Hotels Limited has formally disclosed a key change in its Board composition. Ms. Freyan Jamshed Desai (DIN: 00965073), serving as an Independent Director, has stepped down from her position on the Board and all associated Board Committees. The effective date of this cessation of office is stated as the close of business on March 20, 2026.
Reason for Departure
In her official communication dated March 20, 2026, Ms. Desai cited health reasons as the primary and sole cause for her resignation. She expressed that she is unfortunately unable to allocate the required time and attention to fulfill the duties associated with the role of Independent Director.
Confirmation of Materiality
The Company received confirmation from Ms. Desai that there are no material reasons influencing her decision to resign other than the health-related factors explicitly mentioned in her letter. The Board acknowledged her tenure and expressed gratitude for the support extended during her service.
Regulatory Compliance Details
The announcement confirms that all requisite disclosures regarding the change in directorship have been made according to established corporate governance guidelines. Specifically, details provided confirm that Ms. Desai currently holds NIL directorships in other listed entities, ensuring a clean transition regarding her independent status across public companies.
Source: BSE
