Chalet Hotels Limited has completed the acquisition of 100% of the equity share capital of Seasons Hotels Private Limited on May 5, 2026. With the conclusion of this transaction, Seasons Hotels Private Limited has become a wholly-owned subsidiary of Chalet Hotels Limited. The development was disclosed to the stock exchanges pursuant to Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The company informed the exchanges that this acquisition follows a series of earlier intimations filed on December 11, 2025, April 24, 2026, and April 25, 2026. The requisite details pertaining to the acquisition, as mandated under the Listing Regulations read with SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, had already been submitted vide letter dated April 24, 2026.

The key details of the acquisition are summarised below:

Regulatory Compliance

The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular dated January 30, 2026. The communication was signed by Christabelle Baptista, Company Secretary and Compliance Officer of Chalet Hotels Limited, and was addressed to both the National Stock Exchange of India Limited and BSE Limited.

Chalet Hotels has allotted 3,000 Listed, Rated, Taxable, Transferable Commercial Papers ('CPs') aggregating to ₹150 crore on a private placement basis. The allotment was approved by the Finance Committee of the company on May 4, 2026, pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to the outcome of the Board Meeting dated May 12, 2025 pertaining to the issue of Commercial Papers.

Key Details of the Commercial Paper Issuance

The issuance has been structured as unsecured debt instruments with a fixed coupon rate of 6.75%. The CPs carry a face value of ₹5,00,000 each and have been issued at a discount, with the total discounted amount aggregating to ₹147,59,80,500. The issuance has been rated CRISIL A1+ by CRISIL Ratings Limited, reflecting the highest level of safety for short-term instruments.

The following table summarises the key parameters of the Commercial Paper issuance:

Redemption and Cash Flow Schedule

The CPs are scheduled for redemption at par on July 31, 2026. At maturity, 3,000 CPs having a face value of ₹5,00,000 each will be redeemed, amounting to ₹150 crore. The cash flow schedule is as follows:

The issuance terms are governed by the Disclosure Document dated April 30, 2026, and other relevant Transaction Documents executed in relation to the CPs. No special rights, interests, or privileges are attached to the instrument, and there are no charges or security created over the assets of the company in connection with this issuance.

Listing and Regulatory Compliance

The CPs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited. The disclosure has been made in compliance with the SEBI Master Circular for compliance with provisions of Listing Regulations bearing no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was submitted by Christabelle Baptista, Company Secretary and Compliance Officer of Chalet Hotels.