Chalet Hotels Limited has made a strategic move into the renewable energy sector by acquiring a 26% equity stake in Pro-zeal Green Power Fourteen Private Limited, a Special Purpose Vehicle (SPV) for solar power generation. This acquisition, valued at Rs 26,000, marks Chalet Hotels' entry into a captive solar power arrangement in Maharashtra.

Key Details of the Acquisition

The company has entered into comprehensive agreements to facilitate this renewable energy initiative. The acquisition involves purchasing 2,600 equity shares at face value of Rs 10.00 each, totaling Rs 26,000.

Project Scope and Objectives

The primary objective of this acquisition is to set up a solar power plant through the SPV. Chalet Hotels aims to participate in a captive arrangement for availing solar power, potentially reducing its reliance on conventional energy sources and moving towards more sustainable operations. The SPV will undertake, implement, operate, manage and maintain the solar power plant project.

Entity Background and Industry Focus

Pro-zeal Green Power Fourteen Private Limited operates in the generation and transmission of renewable energy sector. The SPV was incorporated on June 6, 2025, specifically for setting up the solar power plant. As a newly incorporated entity, historical financial data such as turnover and net worth are not yet available.

Regulatory Compliance and Agreements

As part of the acquisition process, Chalet Hotels has entered into comprehensive agreements in compliance with regulatory requirements. The transaction does not fall within related party transactions, and the promoter/promoter group/group companies do not have any interest in the entity being acquired.

Impact and Future Outlook

This move by Chalet Hotels reflects a growing trend in the hospitality industry towards adopting renewable energy solutions. The acquisition makes Pro-zeal Green Power Fourteen Private Limited an associate of Chalet Hotels. Various regulatory and governmental approvals are required towards commissioning of the project, with completion expected within 8 months of the agreement signing.

By investing in solar power generation, the company aims to reduce its carbon footprint, lower long-term energy costs, and enhance its sustainability profile. The completion of the solar power plant will be a key milestone for the company's renewable energy initiatives.

Chalet Hotels Limited has completed the allotment of 14,000 equity shares to eligible employees under its Employee Stock Option Plan 2022, as approved by the Compensation, Nomination and Remuneration Committee on December 10, 2025.

Share Allotment Details

The company allotted 14,000 fully paid-up equity shares with a face value of ₹10.00 each to eligible employees under the CHL Employee Stock Option Plan 2022. These newly issued shares carry distinctive numbers ranging from 218739433 to 218753432 and rank pari-passu with the existing equity shares of the company.

Revised Share Capital Structure

Following the allotment, Chalet Hotels' paid-up equity share capital has increased from the previous level. The revised capital structure shows a marginal increase in the total number of outstanding shares.

ESOP 2022 Plan Overview

The CHL Employee Stock Option Plan 2022 covers a total of 12,17,831 equity shares, with each stock option convertible into one equity share of face value ₹10.00. The exercise price is determined based on the average closing share price of the last 30 trading days as of the plan's approval date by the Compensation, Nomination and Remuneration Committee on April 20, 2022.

Key ESOP Statistics

Plan Terms and Administration

The ESOP 2022 is designed exclusively for eligible employees as defined under the plan. Vesting of options is subject to continued employment with the company, and the committee may specify additional performance criteria for vesting. The plan is administered by the Compensation, Nomination and Remuneration Committee and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The diluted earnings per share following this exercise stands at ₹17.00 on a standalone basis and ₹16.35 on a consolidated basis. The company has filed the necessary regulatory disclosures with both the National Stock Exchange of India Limited and BSE Limited in compliance with listing regulations.