Promoters of leela palaces hotels & resorts have created a direct pledge over 18,67,06,528 equity shares, representing 55.91% of the company's total share capital. The encumbrance was executed on June 24, 2026, under a pledge agreement with Catalyst Trusteeship Limited acting as the Onshore Security Agent. This move secures a term loan facility of US$ 500,000,000 (United States Dollars Five Hundred Million only), which the promoters are utilizing for payments or distributions to their investors, repayment of shareholder loans, and payment of transaction costs related to the facility.

The disclosure, filed on July 30, 2026, is a revised submission under Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"). It incorporates clarifications sought by BSE Limited via email dated July 20, 2026, regarding an initial disclosure made on July 01, 2026. The filing details the creation of encumbrance by seven promoter entities collectively referred to as the "Promoters," along with BSREP III India Ballet Holdings (DIFC) Limited as the holding company ("HoldCo").

The pledged shares are held across multiple promoter entities based in Dubai International Financial Centre (DIFC). Project Ballet Bangalore Holdings (DIFC) Pvt Ltd holds the largest portion, with 15,29,96,805 shares (45.81% of total capital) fully encumbered. Other promoters include BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, BSREP III Joy Two Holdings (DIFC) Limited, Project Ballet Udaipur Holdings (DIFC) Pvt Ltd, and Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd.

The lenders under the Facility Agreement dated September 19, 2025, 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). Deutsche Bank AG, Hong Kong Branch acts as the agent, while DB Trustees (Hong Kong) Limited serves as the Offshore Security Agent.

Encumbrance Context and Valuation

The value of the pledged shares was computed at INR 9,126,21,50,886.40 based on the closing price on BSE Limited as of June 24, 2026. Against the loan amount of US$ 500,000,000, this results in a security cover ratio of 1.93. The conversion rate used for convenience translation was US$ 1 = INR 94.6980 as on June 24, 2026.

This direct pledge supplements existing covenants in the nature of encumbrance agreed upon in September 2025. Prior to this pledge, encumbrances existed over the entire promoter shareholding due to these covenants. However, following the company's initial public offering, such covenant-based encumbrances continue only over 66,791,576 equity shares held by Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, which form part of the 20% Minimum Promoter Contribution subject to a statutory lock-in period until June 2, 2028. The new pledge covers 73.67% of the promoters' total shareholding, leaving the overall encumbrance position unchanged but now evidenced by a direct pledge instrument.

Leela Palaces Hotels & Resorts Limited has scheduled its Q1FY27 earnings conference call for July 31, 2026, at 5:00 PM IST. The company announced the schedule on July 28, 2026, pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors and analysts can access the dial-in details provided in the filing to participate in the discussion regarding the quarter's financial performance.

The conference call will be led by the company's senior management team. Key executives participating include Anuraag Bhatnagar, Whole-time Director & CEO; Ravi Shankar, Head - Asset Management & CFO; and Abhishek Agarwal, SVP – FP&A and Investor Relations. The schedule remains subject to change due to exigencies on the part of the analysts, institutional investors, or the company.

Conference Call Details

Investors may join the call using the primary or international toll-free numbers listed below. Pre-registration via Diamond Pass™ is available for direct dial-in.

For further information, investors may contact the Investor Relations Desk at investorrelations@theleela.com . The full details are also available on the company's website at www.theleela.com/investors .

Regulatory Disclosure

The intimation was signed by Jyoti Maheshwari, Company Secretary and Compliance Officer (Membership No.: A24469), on July 28, 2026.