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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has issued an announcement.
Lemon Tree Hotels Ltd. has announced that independent director Freyan Jamshed Desai has resigned from the company’s board and its committees, effective at the close of business on March 20, 2026. The company notified the stock exchanges under SEBI disclosure norms and confirmed that there are no material reasons for her departure beyond those cited in her resignation.
Desai, who stepped down citing health reasons and an inability to devote sufficient time to her duties, expressed gratitude to the board and management for their support during her tenure. Her exit will require Lemon Tree to reassess its board composition and committee memberships to remain aligned with corporate governance and regulatory requirements for independent directors.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Ltd. is an Indian hospitality company operating a portfolio of mid-scale and upscale hotels across key urban and business destinations. The group focuses on offering affordable, quality accommodation to business and leisure travelers, positioning itself as a prominent branded hotel chain in the domestic market.
Average Trading Volume: 287,452
Technical Sentiment Signal: Sell
Current Market Cap: 84.26B INR
Find detailed analytics on LEMONTREE stock on TipRanks’ Stock Analysis page.