Chalet Hotels Limited executed a significant block trade on the National Stock Exchange (NSE), marking notable institutional activity in the hospitality sector. The transaction involved a substantial volume of shares at a predetermined price point.

Transaction Details

The block trade encompassed key parameters that highlight the scale of the transaction:

Block Trade Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular order book to prevent substantial price movements that could occur with such large volumes in normal trading.

The execution at ₹868.50 per share indicates the agreed-upon price between the buyer and seller for this substantial stake transfer. Such transactions often reflect strategic investment decisions or portfolio rebalancing by institutional investors.

Market Impact

The ₹23.83 crore transaction value demonstrates the liquidity available in Chalet Hotels' stock and the interest from large investors in the hospitality sector. Block trades of this magnitude typically indicate confidence in the company's fundamentals and growth prospects among institutional participants.

Chalet Hotels has published newspaper advertisements for its postal ballot notice seeking shareholder approval for strategic leadership appointments and the ₹171.00 crore Udaipur resort acquisition, fulfilling regulatory compliance requirements.

Regulatory Compliance Update

The company has formally published postal ballot advertisements in leading newspapers on January 1, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations. The advertisements appeared in Financial Express, Free Press Journal, and Navshakti, ensuring wide public dissemination of the voting process.

E-Voting Process Timeline

Shareholders can participate in the electronic voting process for three special resolutions covering key leadership appointments and remuneration approvals. The voting timeline provides a 30-day window for member participation.

Key Resolutions for Approval

The postal ballot seeks member consent for three critical business decisions that will shape the company's leadership structure and strategic direction. These resolutions address both immediate leadership transitions and long-term governance frameworks.

Resolution 1: Managing Director Appointment

Shwetank Singh's appointment as Managing Director and CEO represents a significant leadership transition, bringing 26 years of industry experience to the role.

Resolution 2: Non-Executive Director Transition

Dr. Sanjay Sethi will transition from his role as Managing Director and CEO to Non-Independent Non-Executive Director, ensuring continuity of leadership expertise.

Resolution 3: Director Remuneration Framework

The third resolution establishes a commission-based remuneration structure for Non-Executive Directors, providing a systematic approach to director compensation.

Udaipur Acquisition Details

The board has approved the acquisition of a resort property in Udaipur, Rajasthan, featuring approximately 150 rooms for ₹171.00 crore, subject to due diligence completion and net asset adjustments.

The company has engaged M/s. MMJB & Associates LLP as scrutinizers for the postal ballot process, ensuring transparent and compliant voting procedures. Both proposed appointees are not related to existing Directors, KMPs, or Promoters and are not debarred by SEBI or other regulatory authorities.