SBI Mutual Fund Reduces Stake in Lemon Tree Hotels to 3.13% After Selling 4.49 Lakh Shares

Lemon Tree Hotels has received a regulatory disclosure from SBI Mutual Fund regarding a significant reduction in its shareholding. The mutual fund has decreased its stake in the hospitality company to 3.1334% from the previously disclosed 5.1779%, triggering mandatory reporting requirements under SEBI regulations.

Shareholding Reduction Details

SBI Mutual Fund, operating under its various schemes, sold a net total of 4,49,346 shares representing 0.0567% of Lemon Tree Hotels' paid-up share capital. The transaction was executed through market sales on April 07, 2026, bringing the fund's total holding down to 2,48,24,482 shares.

Parameter:	Details
Previous Holding:	5.1779% (2,52,73,828 shares)
Shares Sold:	4,49,346 shares (0.0567%)
Current Holding:	3.1334% (2,48,24,482 shares)
Transaction Date:	April 07, 2026
Transaction Mode:	Market Sale & Purchase

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates reporting when there is a change of 2% or more in shareholding from the previous disclosure. SBI Mutual Fund's previous disclosure was made on March 27, 2025, under letter number FM/CS/2025/104.

Company Share Capital Structure

Lemon Tree Hotels' equity share capital remains unchanged at Rs 7,92,24,64,640, consisting of 79,22,46,464 equity shares with a face value of Rs. 10 each. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

Transaction Context

The shareholding change represents a strategic portfolio adjustment by SBI Mutual Fund across its various investment schemes. The fund executed the transaction through regular market operations, with the net sale resulting in a reduction that crossed the regulatory threshold for mandatory disclosure. The disclosure was communicated to both stock exchanges where Lemon Tree Hotels shares are traded, ensuring full regulatory compliance and market transparency.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.62%	+5.46%	+5.94%	-30.33%	-16.56%	+226.14%

Lemon Tree Hotels Limited has announced the mutual termination of agreements for a proposed hotel project in Agartala, Tripura. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details and Termination

The terminated agreements include both the Hotel Operating Agreement and License Agreement that were originally executed on March 18, 2024. The arrangements involved multiple parties working together to establish a new hotel under the Lemon Tree brand.

Agreement Details:	Information
Original Execution Date:	March 18, 2024
Termination Date:	April 8, 2026
Hotel Location:	Agartala, Tripura
Brand Name:	Lemon Tree Hotel
Owner:	M/s. PRM Tirupati Pvt. Ltd.
Operator:	M/s. Carnation Hotels Pvt. Ltd.

Financial Impact Assessment

The company has confirmed that the termination carries no financial implications for its operations. This is primarily because the proposed hotel had not yet become operational at the time of agreement termination. The mutual nature of the termination suggests an amicable resolution between all parties involved.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, demonstrating the company's commitment to transparency with stakeholders. Company Secretary and Compliance Officer Pawan Kumar Kumawat signed the official communication to the stock exchanges, ensuring proper regulatory adherence.

Strategic Implications

While the termination removes a potential expansion opportunity in Tripura, the absence of financial impact allows Lemon Tree Hotels to maintain its current operational focus without any immediate setbacks. The company continues to operate from its registered office in Gurugram, Haryana, and corporate office in New Delhi's Aerocity Hospitality District.