Chalet Hotels Limited's Board of Directors has approved the reclassification of two entities from Promoter Group to Public category, marking a significant corporate governance development for the hospitality company.

Board Meeting Outcome

During its meeting held on February 2, 2026, the board considered and approved requests for reclassification from two specific entities. The decision was made pursuant to Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier intimation dated January 19, 2026.

Entities Seeking Reclassification

The following table details the entities approved for reclassification:

Both entities currently hold zero shares in Chalet Hotels Limited, representing 0.00% shareholding each.

Regulatory Compliance and Next Steps

The board determined that all conditions required for reclassification as specified in Regulation 31A of the Listing Regulations were duly met. However, the approval remains subject to receiving necessary approvals from stock exchanges where the company's equity shares are listed.

The company will proceed with making applications to both the National Stock Exchange of India Limited and BSE Limited as per applicable laws and regulations. This step is essential to complete the reclassification process from a regulatory standpoint.

Corporate Governance Impact

This reclassification represents a routine corporate governance action that helps maintain accurate categorization of stakeholders. The move from Promoter Group to Public category for these zero-shareholding entities aligns with regulatory requirements and enhances transparency in shareholding disclosure.

The disclosure has been placed on the company's official website at www.chalethotels.com , ensuring public accessibility of this corporate development. Company Secretary and Compliance Officer Christabelle Baptista signed the regulatory filing, confirming the board's decision and commitment to regulatory compliance.

Chalet Hotels Limited announced its Q3FY26 financial results, demonstrating robust performance across key operational and financial metrics. The hospitality company reported consolidated net profit of ₹1.24 billion for the quarter ended December 31, 2025, marking a substantial 29% year-on-year growth from ₹965 million in the corresponding quarter of the previous year.

Strong Financial Performance Across All Metrics

The company's consolidated financial results showcased impressive growth momentum with revenue reaching ₹5.89 billion, representing a 27% increase from ₹4.65 billion in Q3FY25. EBITDA performance was equally strong at ₹2.73 billion, up 29% year-on-year from ₹2.11 billion, while EBITDA margin expanded to 46.3% from 45.5%, an improvement of 76 basis points.

Hospitality Segment Drives Growth

The hospitality business demonstrated strong operational performance with RevPAR increasing 12% year-on-year and Average Room Rate growing 16% to ₹14,970. Despite occupancy rates of 68% being slightly lower than the previous year's 70%, the segment generated revenue of ₹4.91 billion, up 23% from ₹4.01 billion in Q3FY25.

Rental & Annuity Business Shows Strong Growth

The rental and annuity segment delivered exceptional performance with revenue of ₹744 million, up 29% from ₹577 million in the previous year. EBITDA for this segment reached ₹621 million, representing a 37% increase, while maintaining a healthy margin of 83.5%.

Key Operational Developments

Chalet Hotels added significant inventory during the period, including 129 keys in Bangalore during H1 FY26 and 147 keys at Khandala, which became fully operational from mid-November 2025. The company's Athiva Resort & Spa in Khandala completed its first full quarter post-launch and received encouraging guest feedback. Additionally, the Courtyard by Marriott Aravali Resort was rebranded to Aravali Marriott Resort & Spa in Delhi-NCR.

Future Growth Pipeline

The company continues to expand its development pipeline with The Taj at Delhi Airport construction progressing steadily, expected to complete by Q4 FY27. Cignus II at Powai, the second commercial tower at The Westin Powai Lake, is advancing on schedule for completion in FY27. The company also achieved approximately 150,000 square feet of additional leasing at Powai, Mumbai, further strengthening its commercial real estate portfolio.