Fomento Resorts and Hotels Limited announced that Board of Directors at its meeting held on November 14, 2018, have appointed Mr. Vinayak Manohar Padwal as an Additional Director (Non Executive & Independent) with effect from November 15, 2018 for a tenure of 5 years, subject to the approval of the shareholders at the next Annual General Meeting. Mr. Vinayak Manohar Padwal is a Chartered Accountant and Fellow member of the Institute of Chartered Accountants of India. Mr. Vinayak Padwal is a Senior Partner at MSKA & Associates - Audit & Assurance. He has over 27 years of experience in both, auditing and advising broad range of local and multinational companies in the public and private sector. Mr. Padwal has strong expertise in managing and coordinating large and complex audit, forensic audits, corporate governance and transaction support assignments in an international environment for a wide range of industry sectors. He has deep understanding of the business environment, business risk & control environment, accounting & reporting issues relevant to Indian and Multinational companies operating in India. He is an expert in designing policies, process and framework for regulatory compliances as well as for internal control and risk compliances and is also responsible for conducting audit under Indian GAAP & IFRS, due diligence review and regulatory compliance review.