Chalet Hotels Limited has received a substantial acquisition disclosure from HDFC Mutual Fund, indicating increased institutional interest in the hospitality sector. The acquisition represents a significant vote of confidence from one of India's leading asset management companies.

Acquisition Details

HDFC Mutual Fund acquired 45,00,305 shares of Chalet Hotels through open market purchases, representing 2.06% of the company's total share capital. The acquisition was completed on various dates including January 19, 2026, demonstrating systematic accumulation of the hospitality stock.

Shareholding Pattern Changes

The acquisition has resulted in a substantial increase in HDFC Mutual Fund's total shareholding in Chalet Hotels. The fund house's stake has grown from 4.99% to 7.05%, crossing the 5% threshold that triggers mandatory disclosure requirements under SEBI regulations.

Investment Schemes Involved

The acquisition was executed through multiple HDFC Mutual Fund schemes, showcasing diversified institutional interest across different investment strategies:

• HDFC BSE 500 ETF and Index Fund
• HDFC Business Cycle Fund
• HDFC Focused Fund
• HDFC Multi Cap Fund
• HDFC Non Cyclical Consumer Fund
• HDFC NIFTY500 MULTICAP 50:25:25 INDEX FUND
• HDFC Hybrid Equity Fund
• HDFC Retirement Savings Fund - Equity Plan
• HDFC NIFTY SMALLCAP 250 ETF and Index Fund
• HDFC Small Cap Fund

Company Capital Structure

Chalet Hotels maintains a stable capital structure with no changes reported following the acquisition. The company's equity share capital remains at ₹218.69 crores, comprising 21,86,85,415 equity shares of ₹10.00 each. The hospitality company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. HDFC Asset Management Company Limited, serving as investment managers for HDFC Mutual Fund, confirmed that the fund house does not belong to the promoter or promoter group of Chalet Hotels. The acquisition represents purely institutional investment interest in the hospitality sector.

Chalet Hotels Limited has received formal requests from two promoter group entities seeking reclassification to public category under SEBI regulations. The company informed the National Stock Exchange of India Limited and BSE Limited about these requests on January 19, 2026, in compliance with regulatory disclosure requirements.

Entities Seeking Reclassification

Two entities have submitted requests to be reclassified from promoter group to public category:

Both entities currently hold no shares in Chalet Hotels Limited, maintaining zero shareholding in the company.

Regulatory Process

The reclassification requests have been submitted pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the process for entities seeking to change their classification from promoter group to public category.

The company has confirmed that these requests will be placed before the Board of Directors at their forthcoming meeting, as mandated by Regulation 31A(8) of the Listing Regulations. The board will review and consider the reclassification requests during this meeting.

Disclosure and Compliance

Chalet Hotels has fulfilled its disclosure obligations by informing both major stock exchanges where its securities are listed. The company's equity shares trade on NSE under the scrip code CHALET and on BSE under scrip code 542399. Additionally, the company has non-convertible debentures and commercial paper listed on BSE.

The disclosure has also been made available on the company's official website at www.chalethotels.com , ensuring transparency and public access to this corporate development. Company Secretary and Compliance Officer Christabelle Baptista signed the regulatory filing, confirming the company's commitment to maintaining proper compliance standards.