SAMHI Hotels Ltd. has announced significant credit rating upgrades from ICRA across multiple facilities for the company and its subsidiaries. The rating committee's actions reflect enhanced creditworthiness and improved financial positioning of the hospitality group, as communicated to stock exchanges under Regulation 30 of the SEBI LODR Regulations.

Rating Upgrades for SAMHI Hotels Ltd.

The parent company received upgrades across three key facility categories:

The long-term rating upgrade to [ICRA]A+ (Stable) from [ICRA]A (Positive) represents a significant improvement, with the outlook being revised to Stable from Positive. Short-term facilities have been upgraded to [ICRA]A1 from [ICRA]A2+.

Subsidiary Rating Actions

SAMHI Hotels (Gurgaon) Private Limited

The Gurgaon subsidiary received comprehensive upgrades across its facility portfolio:

Ascent Hotels Private Limited

Ascent Hotels Private Limited also received rating upgrades with facilities totaling ₹242.00 crores:

Caspia Hotels Private Limited

Caspia Hotels Private Limited received upgrades for its term loan and bank guarantee facilities:

Regulatory Compliance

The company has informed BSE Limited and National Stock Exchange of India Limited about these rating upgrades in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication was signed by Sanjay Jain, Senior Director - Corporate Affairs, Company Secretary and Compliance Officer. The total rated amount across all entities stands at ₹764.80 crores, reflecting the substantial scale of the group's operations and financial facilities.

SAMHI Hotels Ltd. has successfully allotted 9,28,582 equity shares to eligible employees under its Employee Stock Option Plan 2023 (ESOP-2023), marking a significant milestone in the company's employee incentive program. The Board of Directors approved this allotment through a circular resolution dated March 27, 2026, following the exercise of vested options by employees.

Share Allotment Details

The allotment comprises 9,28,582 equity shares of ₹1 each, issued at an exercise price of ₹1 per share with no premium. The company had previously obtained in-principle approval from both stock exchanges for this issuance:

The newly allotted shares carry no lock-in period and rank pari-passu with existing equity shares in all respects, providing immediate liquidity to employee beneficiaries.

Impact on Share Capital

The ESOP allotment has resulted in a proportional increase in the company's share capital structure. The issued, subscribed, and paid-up share capital has been enhanced as follows:

This represents an increase of ₹9,28,582 in the paid-up capital, directly corresponding to the number of shares allotted.

Regulatory Compliance

The allotment was conducted in full compliance with regulatory requirements under Regulation 30 of the SEBI LODR Regulations and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary notifications with both BSE Limited and National Stock Exchange of India Limited, where its shares are listed.

ESOP Program Framework

The Employee Stock Option Plan 2023 represents SAMHI Hotels' commitment to employee participation in the company's growth. Key features of the current allotment include:

• Exercise Price: ₹1 per share
• Premium: Nil
• Lock-in Period: Not applicable
• Rights: Identical to existing shares
• Listing: Both BSE and NSE

The shares have been issued in dematerialized form under ISIN INE08U801020, ensuring seamless trading and transfer capabilities for employee beneficiaries.