Chalet Hotels Maintains Positive Outlook, Plans Expansion to 5,000 Keys After Strong First Half Performance

Chalet Hotels has demonstrated strong performance in the first half and expressed confidence about future growth prospects. The hospitality company is maintaining a positive outlook as it continues to benefit from the recovery in the travel and tourism sector.

Strong First Half Performance

The company reported robust results during the first half, establishing a solid foundation for continued growth. This performance reflects the ongoing recovery in the hospitality industry and Chalet Hotels' ability to capitalize on improved market conditions.

Optimistic Second Half Projections

Management projects an even better second half, indicating sustained momentum in business operations. This positive outlook suggests that the company expects continued improvement in occupancy rates and revenue generation as travel demand remains strong.

Ambitious Expansion Plans

Chalet Hotels has announced significant expansion plans, targeting growth to 5,000 keys as part of its strategic development initiative. This expansion represents a substantial increase in the company's room inventory and demonstrates management's confidence in long-term market demand.

Expansion Details:	Information
Target Room Count:	5,000 keys
Growth Strategy:	Significant capacity expansion
Market Focus:	Hospitality sector recovery

Management Commentary

Shwetank Singh shared these developments during an interaction with ET Now, emphasizing the company's strategic focus on growth and market expansion. The announcement reflects management's confidence in the hospitality sector's continued recovery and Chalet Hotels' positioning to benefit from increased travel demand.

The company's expansion plans align with the broader recovery trends in the hospitality industry, as businesses and leisure travel continue to normalize following previous disruptions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	+0.40%	-2.72%	+0.12%	-8.74%	+372.05%

Chalet Hotels Limited has completed the allotment of 2,00,468 fully paid-up equity shares to eligible employees under its CHL Employee Stock Option Plan 2023. The allotment was approved by the company's Compensation, Nomination and Remuneration Committee through a circular resolution passed on January 2, 2026.

Share Allotment Details

The equity shares were allotted at an exercise price of ₹528.00 per share, with a premium of ₹518.00 per share. Each share carries a face value of ₹10.00. The total amount realized through this exercise of options amounts to ₹10,58,47,104.00.

Parameter	Details
Number of Shares Allotted	2,00,468
Exercise Price per Share	₹528.00
Premium per Share	₹518.00
Face Value per Share	₹10.00
Total Amount Realized	₹10,58,47,104.00
Issue Date	January 2, 2026

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The newly issued shares rank pari-passu with existing equity shares and are identical in all respects to the company's current equity shares.

Capital Structure	Pre-Allotment	Post-Allotment
Number of Equity Shares	21,87,53,432	21,89,53,900
Paid-up Share Capital	₹218,75,34,320.00	₹218,95,39,000.00

ESOP 2023 Scheme Overview

The CHL Employee Stock Option Plan 2023 covers a total of 6,60,891 employee stock options, with each option convertible into one equity share. The pricing formula for the scheme is based on the average of two weeks' prices prior to the grant date of September 4, 2023.

ESOP Details	Figures
Total Options Granted	6,60,891
Options Vested	2,48,695
Options Exercised	2,00,468
Options Lapsed	Nil
Exercise Period	Up to 5 years from vesting date

Regulatory Compliance

The allotment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme is administered by the Compensation, Nomination and Remuneration Committee, with vesting subject to continued employment and potential performance criteria as specified by the committee.

The shares have been issued in dematerialized form under ISIN INE427F01016, with distinctive numbers ranging from 218753433 to 218953900. No lock-in period applies to these shares, and no additional listing fees are payable for this allotment.