Lemon Tree Hotels Limited has announced the resignation of Ms. Freyan Jamshed Desai from her position as Independent Director, effective from the close of business hours on March 20, 2026. The resignation was communicated to the National Stock Exchange of India Limited and BSE Limited in compliance with regulatory requirements.

Resignation Details

Ms. Freyan Jamshed Desai, holding Director Identification Number (DIN) 00965073, submitted her resignation citing health reasons as the primary factor. In her resignation letter, she stated that she was "unfortunately no longer able to dedicate the necessary time and attention to the responsibilities of the role."

Board Committee Resignations

Along with her resignation from the Board, Ms. Desai also stepped down from various Board Committees of which she was a member. The resignation encompasses all her directorial responsibilities within the company's governance structure.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As part of the regulatory requirements, Lemon Tree Hotels confirmed that there are no material reasons for the resignation other than those mentioned in Ms. Desai's resignation letter.

Company Secretary Statement

The disclosure was signed by Pawan Kumar Kumawat, Company Secretary and Compliance Officer (Membership No: A25377), who confirmed that the necessary forms and intimations would be filed with the Registrar of Companies and Stock Exchanges as applicable.

Ms. Desai expressed gratitude to the Board and management team for the trust and support extended during her tenure as Independent Director. The resignation represents a change in the company's board composition as it continues its operations in the hospitality sector.

Lemon Tree Hotels Limited has announced the signing of a license agreement for a new resort in Lonavala, Maharashtra, marking another strategic expansion in the company's leisure portfolio. The disclosure was made on March 19, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resort Details and Amenities

The new Lemon Tree Resort in Lonavala will offer comprehensive hospitality services with premium amenities designed for leisure travelers.

Strategic Location and Connectivity

Lonavala, situated in the Sahyadri hills, represents one of Western India's most sought-after leisure destinations. The location offers significant advantages for the hospitality business, known for its scenic landscapes, pleasant climate, and strategic proximity to major metropolitan areas including Mumbai and Pune.

The resort's connectivity profile enhances its appeal to travelers:

• Airport Access: Approximately 69 km from Navi Mumbai International Airport (around 1 hour 17 minutes by road)
• Railway Connectivity: About 5.8 km from Lonavala Railway Station (approximately 15 minutes)

Market Positioning and Business Rationale

According to Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, the Lonavala location aligns with the company's strategic focus on expanding resort portfolio in key getaway destinations. The destination attracts diverse customer segments including weekend travelers, destination weddings, and corporate offsites, creating multiple revenue streams for the property.

Maharashtra Expansion Strategy

This signing reinforces Lemon Tree Hotels' commitment to Maharashtra's hospitality market. The company's current footprint in the state includes:

Management Structure

The resort will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This management structure ensures operational consistency and brand standards alignment across the company's portfolio.

The addition reflects Lemon Tree Hotels' continued focus on strengthening its presence across prominent leisure destinations while complementing its established footprint in key urban centers. The company operates 120+ hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties spanning seven distinct brands from value-conscious to premium segments.