Chalet Hotels Limited has progressed with its reclassification process by submitting formal applications to stock exchanges on February 6, 2026, following earlier board approval for reclassifying two entities from Promoter Group to Public category.

Application Submission to Stock Exchanges

The company submitted applications to both the National Stock Exchange of India Limited and BSE Limited on February 6, 2026, seeking no objection for the reclassification requests. This follows the board meeting held on February 2, 2026, where directors approved the reclassification pursuant to Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Entities Under Reclassification

The following table details the entities seeking reclassification from Promoter Group to Public:

Both entities currently maintain zero shareholding in Chalet Hotels Limited, making them eligible for reclassification under the applicable regulations.

Regulatory Timeline and Process

The reclassification process began with an intimation dated January 19, 2026, followed by board approval on February 2, 2026. The company has now completed the next crucial step by submitting formal applications to stock exchanges on February 6, 2026. The applications reference the company's scrip codes: CHALET for NSE, and multiple codes for BSE including 542399 for equity, 976529 for non-convertible debentures, and 730809 for commercial paper.

Corporate Governance and Compliance

This reclassification represents standard corporate governance practice to maintain accurate stakeholder categorization. Company Secretary and Compliance Officer Christabelle Baptista has digitally signed the regulatory filing, confirming the submission and the company's commitment to regulatory compliance. The disclosure has been made available on the company's official website at www.chalethotels.com , ensuring transparency and public accessibility of this corporate development.

Chalet Hotels Limited announced its Q3 financial results, demonstrating robust performance across key operational and financial metrics. The hospitality company reported consolidated net profit of ₹1.2 billion for the quarter, marking a substantial 24% 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 ₹5.8 billion, representing a 26% increase from ₹4.6 billion in the previous year. EBITDA performance was equally strong at ₹2.65 billion, up 29% year-on-year from ₹2.05 billion, while EBITDA margin expanded to 45.57% from 44.71%, demonstrating improved operational efficiency.

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 the previous year.

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 and 147 keys at Khandala, which became fully operational from mid-November. 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.

Earnings Call Audio Recording Available

Pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, Chalet Hotels has made available the audio recording of its earnings call held on February 3, 2026. The call discussed the unaudited financial results for the quarter and nine months ended December 31, 2025.

Future Growth Pipeline

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