Advent Hotels International announces significant board decisions: * **Leadership Transition:** Mr. Rahul Pandit steps down as MD & CEO, effective November 1st.

The Board has approved the appointment of Mr. Himmat Singh Sandhu as the new MD & CEO for three years from the same date, pending shareholder approval.

Mr. Sandhu brings extensive experience in hospitality and hotel development, ensuring a smooth leadership transition. * **Capital Expansion:** The company plans to significantly increase its Authorised Share Capital from Rs. 75.20 Cr to Rs. 160 Cr.

This move, subject to shareholder approval at the upcoming Annual General Meeting (AGM), positions Advent Hotels for potential future growth initiatives and capital raises. * **AGM Scheduled:** An Annual General Meeting is scheduled for September 29th to seek shareholder approvals for these key changes.