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.

Chalet Hotels Limited has announced the acquisition of a 26% shareholding in Pro-Zeal Green Power SPV, a special purpose vehicle dedicated to solar power project development. The investment is specifically allocated for a solar power project situated in Maharashtra, marking a significant diversification move for the hospitality company.

Strategic Investment Details

The acquisition represents Chalet Hotels' entry into the renewable energy sector through its partnership with Pro-Zeal Green Power SPV. The special purpose vehicle structure is commonly used for infrastructure and energy projects, providing a focused approach to project development and management.

Renewable Energy Expansion

This investment aligns with the growing trend of companies diversifying into sustainable energy solutions. The Maharashtra-based solar power project will contribute to the state's renewable energy capacity while providing Chalet Hotels with exposure to the clean energy sector.

The acquisition of a minority stake in the SPV allows Chalet Hotels to participate in the solar project's development while maintaining its primary focus on the hospitality business. This strategic approach enables the company to benefit from renewable energy investments without requiring full operational control of the power project.

Market Implications

The move demonstrates Chalet Hotels' commitment to environmental sustainability and diversification beyond traditional hospitality operations. Solar power projects in Maharashtra benefit from favorable government policies and abundant solar resources, making it an attractive investment destination for renewable energy initiatives.