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.

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.

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.