Promoters of Leela Palaces Hotels & Resorts have pledged 55.91% of the company's issued share capital to secure a $500 million term loan facility. The encumbrance covers 18,67,06,528 equity shares and was created on June 24, 2026, in favor of Catalyst Trusteeship Limited, acting as the onshore security agent for a consortium of international lenders. The loan proceeds will be utilized for payments to investors, repayment of shareholder loans, and transaction costs related to the facility.

The disclosure was made under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge secures a facility agreement dated September 19, 2025, entered into by the promoters and their holding company, BSREP III India Ballet Holdings (DIFC) Limited. The lenders include Barclays Bank PLC, Deutsche Bank AG, Singapore Branch, Morgan Stanley Bank N.A., MUFG Bank Ltd, Singapore Branch, Nomura Singapore Limited, Standard Chartered Bank (Singapore) Limited, and Sumitomo Mitsui Banking Corporation, Singapore Branch.

Shareholding and Security Details

As of the disclosure date, the promoters collectively own 25,34,98,104 shares, representing approximately 75.91% of the total share capital. The entities creating the pledge include Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, and other group holding companies associated with specific hotel projects. The value of the pledged shares, computed based on the closing price on the BSE Limited as on June 24, 2026, is INR 9,126,21,50,886.40.

The following table outlines the changes in the shareholding structure due to the creation of the encumbrance:

The equity share capital of Leela Palaces Hotels & Resorts remains unchanged at INR 333,95,78,780, comprising 33,39,57,878 equity shares of INR 10 each. The onshore security agent, Catalyst Trusteeship Limited, confirmed that the charge was created specifically for the benefit of the lenders involved in the facility.

The promoters of leela palaces hotels & resorts have confirmed that they did not create any encumbrance on their shares during the financial year 2025-26, other than those previously disclosed. This assurance was provided in a filing submitted to the stock exchanges on April 09, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was signed by authorized representatives of eight promoter entities, including BSREP III India Holdings (DIFC) Limited and Project Ballet Bangalore Holdings (DIFC) Private Limited. The entities stated that they, along with other promoters and Persons Acting in Concert (PAC), have not made any direct or indirect encumbrance on the shares held by them in the company.

Promoter Group Details

The disclosure listed the names and categories of the promoters and PAC members as on March 31, 2026. The list includes one entity classified under the promoter group and seven entities classified as promoters.

The promoters further committed to promptly informing the company and the stock exchanges of any future encumbrances created or invoked, in accordance with applicable regulations. The filing was dispatched from Dubai.