Chalet Hotels has appointed Gautam Mehra as an Additional and Independent Director for a five-year term, strengthening its board governance. The appointment is effective from July 17, 2026, to July 16, 2031, and is subject to approval by the company's shareholders. This strategic addition aims to leverage Mehra's extensive experience in tax, regulatory practices, and asset management to guide the company's future direction.

The Board of Directors approved the appointment on July 17, 2026, based on the recommendation of the Compensation, Nomination and Remuneration Committee. The company confirmed that Mehra is not debarred from holding the directorship by any SEBI order or other authority and is not disqualified under Section 164 of the Companies Act, 2013. The disclosure was made to the National Stock Exchange of India and BSE Limited under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mehra brings over four decades of professional experience to the role. His career includes over a decade of entrepreneurship building a boutique professional services practice and more than two decades as a partner at PwC. During his tenure at PwC, he led the India Tax and Regulatory practice and the Asset Management Sector, serving on the Core India Leadership Team and managing global strategic client relationships.

Director Profile and Expertise

The new director has advised multiple funds invested in India and worked with multinational corporations and leading Indian business groups on investments, business transformation, acquisitions, and succession planning. He has been an active advocate on India's regulatory and tax landscape through engagements with regulators and industry bodies. Mehra is currently a member of two committees constituted by the Securities and Exchange Board of India and has served on the boards of organizations such as APREA, CII, Amcham India, and the ICAI.

A qualified Chartered Accountant and Lawyer, Mehra is also a Certified Coach and has completed executive education programs at Harvard Business School and INSEAD. He presently serves as a Corporate Advisor and an Independent Board Member. The filing confirmed that he is not related to any of the existing directors of Chalet Hotels Limited.

The promoters of Chalet Hotels confirmed they have not created any encumbrance on the equity shares held by them during the Financial Year 2025-26. The disclosure, submitted to the National Stock Exchange of India and BSE Limited, stated that no direct or indirect encumbrance was made other than those already disclosed during the financial year.

This confirmation was provided pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by the promoters and persons acting in concert.

The following promoters provided their confirmation:

The document was digitally signed on April 6, 2026. A copy was marked to the Audit Committee of Chalet Hotels Limited.