Chalet Hotels Limited successfully concluded its postal ballot process on January 31, 2026, with shareholders demonstrating strong support for key leadership appointments and governance measures. The company's board sought approval for three special resolutions through remote e-voting, addressing critical organizational changes and director compensation structures.

Shareholder Participation and Voting Overview

The postal ballot process witnessed significant shareholder engagement, with 68,638 total shareholders on the record date of December 26, 2025. The company's total outstanding shares stood at 21,87,53,432, reflecting an increase from 21,87,39,432 following the allotment of 14,000 equity shares under the CHL Employee Stock Option Plan 2022 on December 10, 2025.

Resolution 1: Managing Director and CEO Appointment

Shareholders overwhelmingly approved the appointment of Mr. Shwetank Singh (DIN: 02976637) as Managing Director and CEO for a three-year term from February 1, 2026 to January 31, 2029, including his remuneration package. The resolution received exceptional support with 99.55% of polled votes in favor.

Resolution 2: Non-Executive Director Appointment

The appointment of Dr. Sanjay Sethi (DIN: 00641243) as Non-Independent Non-Executive Director received approval with 98.27% of votes in favor. This resolution garnered strong support across all shareholder categories, though with slightly higher opposition from institutional investors compared to the CEO appointment.

Resolution 3: Director Commission Approval

Shareholders approved remuneration in the form of commission to Non-Executive Directors with an overwhelming 99.99% approval rate. This resolution received the highest level of support among all three proposals, with minimal opposition across shareholder categories.

Voting Process and Compliance

The postal ballot process was conducted in strict compliance with Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. Mr. Saurabh Agarwal (Membership No: F9290), Designated Partner of MMJB & Associates LLP, served as the appointed scrutinizer. The remote e-voting period commenced on January 1, 2026, at 09:00 a.m. and concluded on January 30, 2026, at 05:00 p.m., with KFin Technologies Limited providing the e-voting platform.

The company provided a separate ballot facility for 14,000 equity shares allotted under the employee stock option plan, ensuring comprehensive shareholder participation. All three resolutions were successfully passed with the requisite majority, demonstrating strong shareholder confidence in the company's strategic direction and leadership appointments.

Chalet Hotels has announced a significant brand upgrade for one of its key properties in the Delhi NCR region, effective January 31, 2026. The hospitality company has elevated its Courtyard by Marriott Aravali Resort, NCR to the premium Aravali Marriott Resort & Spa, Delhi NCR brand.

Regulatory Disclosure and Property Details

The company made this announcement through a formal disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 158-room hotel is owned by the company's wholly-owned LLP, Ayushi and Poonam Estates LLP, highlighting the strategic importance of this asset within Chalet Hotels' portfolio.

Brand Enhancement Strategy

The upgrade transforms the property from the Courtyard by Marriott brand to the higher-tier Marriott Resort & Spa category. This repositioning places the Aravali property under Marriott's premium resort segment, which typically offers enhanced amenities and services compared to the Courtyard brand.

Strategic Market Positioning

The brand upgrade represents a strategic enhancement of the property's market positioning within the competitive Delhi NCR hospitality market. The transition to the Marriott Resort & Spa brand involves elevated service standards, enhanced amenities, and premium guest experiences that align with the higher brand tier. This development reflects Chalet Hotels' focus on optimizing its property portfolio through strategic brand positioning within the Marriott International ecosystem.