Chalet Hotels Ltd

Reg 74(5) status

• Regulation 74(5) not applicable; all shares held in demat form.
• No rematerialisation requests were received during the quarter.
• Entire holding is in demat form, as confirmed by the RTA.

Rating Action and Details

• ICRA reaffirmed Chalet Hotels' long-term ratings at AA- with Positive outlook.
• Short-term ratings reaffirmed at A1+ for unallocated and non-fund-based limits.
• Instruments covered: NCDs, LT term loans/limits, LT unallocated limits, and ST limits.
• Previous: AA-/Stable; Current: AA-/Positive.
• Outlook upgrade noted across long-term ratings; from Stable to Positive.
• Action communicated on September 29, 2026.

Capital / Securities

• 2,000 CPs issued on private placement aggregating Rs 100 crore.
• Face value Rs 5,00,000 per CP.
• Discount amount Rs 98,46,87,000.
• Rated CRISIL A1+.
• Listed on BSE Wholesale Debt Market.
• Tenure 86 days; maturity 24 December 2026.
• Coupon fixed at 6.60%.
• CPs are unsecured.

Chalet Hotels Ltd — Closure of Trading Window from October 1, 2026 up to the expiry of 48 (forty-eight) hours after the declaration of the unaudited financial results for the quarter and six months ended September 30, 2026.

AGM Details

• AGM held on 21-09-2026 at 4:00 PM IST via VC/OAVM
• Record date: 15-09-2026; total shareholders on record: 46,546
• Shareholders present via VC/OAVM: promoter group 54; public 31

Key resolutions & outcomes

• Adoption of standalone financial statements approved
• Adoption of consolidated financial statements approved
• Final dividend of Re 1 per equity share approved
• Ravi Raheja (retiring by rotation) re-appointment approved
• Remuneration to Cost Auditor ratified
• Debt securities raised via private placement approved
• Gautam Mehra appointed as Independent Director

Dividend details

• Final dividend of Re 1 per equity share for FY2025-26 approved

Directors & appointments

• Ravi Raheja retires by rotation and seeks re-appointment
• Gautam Mehra appointed as Independent Director

Auditor matters

• Remuneration of Cost Auditor ratified

Rating actions

• Agency: India Ratings & Research Private Limited.
• Term loans and fund-based working capital limits upgraded to IND AA / Stable.
• Non-convertible debentures rating withdrawn (WD).
• Non-fund-based working capital limits rating remains IND A1+.
• Outlook: Stable for upgraded instruments; no outlook provided for WD.
• Material changes: NCD rating withdrawn; other ratings upgraded.

AGM Details

• Held on 21 September 2026 at 4:00 PM via two-way VC.
• Remote e-voting: Sept 18–20, 2026.
• Scrutiniser appointed: Saurabh Agarwal, MMJB & Associates LLP.
• Notice and annual report distributed electronically to members.

Resolutions and Outcomes

• Adopt standalone financial statements for FY 2025-26 — Ordinary, passed.
• Adopt consolidated financial statements — Ordinary, passed.
• Approve final dividend of Re.1 per equity share — Ordinary, passed.
• Re-appoint Ravi Raheja as Director retiring by rotation — Ordinary, passed.
• Ratify remuneration payable to Cost Auditor — Ordinary, passed.
• Raise funds through debt securities via private placement — Special, passed.
• Appoint Gautam Mehra as Independent Director — Special, passed.

Dividend

• Final dividend of Re.1 per equity share approved.

Directors

• Ravi Raheja re-appointed as Director retiring by rotation.
• Gautam Mehra appointed as Independent Director.

Fundraising / Financing

• Debt securities raised via private placement approved.

Auditors

• Remuneration payable to Cost Auditor ratified.

Meeting Details

• Date: September 22, 2026.
• Type and mode: In-person, group meeting.
• Event: Annual Investor Conference – G200 Summit.
• Nature of interaction: Group.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: participate in annual investor conference (G200 Summit).

Target & deal overview

• Target: Lakeview Mercantile Company Private Limited; owns land parcel in Bambolim, Goa for hotel development.
• Size/scale: not disclosed.
• Related party: not a related party transaction.
• Industry: hospitality and real estate (hotel development) in India.
• Purpose: acquire land parcel for a 170-room luxury resort; expands hotel portfolio.
• Regulatory approvals: not disclosed.
• Timeline: completed on Sep 7, 2026.
• Consideration: not disclosed.
• Shareholding: 100% acquired; Lakeview becomes Chalet Hotels' wholly owned subsidiary.
• Background: Goa land parcel owner; potential 170-room luxury resort.

IR/Annual Report access and email update

• Integrated Annual Report FY2026 and prior years are accessible on Chalet Hotels' website.
• Letters were sent to shareholders without registered emails with the web link.
• Shareholders are requested to update their email address with the depository to receive future communications.
• Integrated Annual Report FY2026 is available at chalethotels.com under annual reports.