Chalet Hotels Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, confirming adherence to SEBI depositories regulations.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both the National Stock Exchange of India Limited and BSE Limited on April 13, 2026. Company Secretary and Compliance Officer Christabelle Baptista signed the submission letter on behalf of Chalet Hotels Limited.

Certificate Details

The compliance certificate was issued by KFin Technologies Limited, the company's registrar and share transfer agent. The certificate provides confirmation regarding the dematerialisation status of the company's shares during the reporting quarter.

Share Dematerialisation Status

KFin Technologies Limited confirmed that Regulation 74(5) is not applicable to Chalet Hotels Limited during the quarter ended March 31, 2026. The registrar stated that the entire holding of the company's shares remains in dematerialised form, with no requests received from shareholders for rematerialisation during the reporting period.

Dnyanesh Gharote, Vice President at KFin Technologies Limited, signed the confirmation certificate dated April 3, 2026. The certificate serves as official documentation of the company's compliance with SEBI's depositories regulations for the quarter.

Chalet Hotels Limited has informed stock exchanges about receiving a significant GST department order with financial implications totaling Rs 107.02 million. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations on March 31, 2026.

GST Department Order Details

The Maharashtra State GST Department issued the order on March 30, 2026, under section 74 of the Goods and Services Tax Act 2017. The order was passed by the Deputy Commissioner of State Tax, Nariman Point Nodal Division-2, Mumbai.

Nature of Violations

The GST demand relates to issues identified for the financial year 2019-20, specifically:

• Mismatch in Input Tax Credit (ITC) claimed
• Excess ITC credit claims
• ITC reversal on account of ineligible/blocked ITC claimed

The order addresses discrepancies between the ITC claimed by the company and what the department considers eligible under GST regulations.

Company's Response and Impact

Chalet Hotels has indicated its intention to challenge the order through appropriate legal channels. The company stated that it believes the GST department's order is contestable and will consider taking suitable legal recourse.

The company emphasized that despite the GST order, its business operations continue normally without any disruption. Management has assessed that there is no significant financial impact on the company's operations at this stage.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed information as required under the SEBI Master Circular for compliance with listing regulation provisions, ensuring transparency with stakeholders about this regulatory development.