Mumbai, July 31 -- Chalet Hotels Ltd said on Thursday that Shwetank Singh, currently executive director and chief investment officer, will take over as managing director and CEO effective 1 February, 2026. He will succeed Sanjay Sethi, whose term ends a day earlier.

"This transition is the outcome of a meticulous and collaborative process aimed at preserving our strategic direction while infusing fresh perspective and energy," said Sethi, who has led Chalet through a phase of expansion and diversification.

The company said the leadership change was part of a "well-crafted succession plan developed in collaboration with the board."

The company also reported a strong first-quarter performance for FY26, with net profit surging 235% to Rs....