Lemon tree hotels Limited has announced the signing of a license agreement for a new hotel property in Najibabad, Uttar Pradesh, further strengthening its presence in one of India's key hospitality markets. The announcement was made through a regulatory filing under Regulation 30 of SEBI regulations on February 24, 2026.

Strategic Expansion in Uttar Pradesh

The new signing represents the company's 25th property in Uttar Pradesh, demonstrating its continued commitment to expanding across the state. Currently, Lemon Tree Hotels operates 8 hotels in Uttar Pradesh with 17 more properties in the pipeline, including this latest addition.

Property Features and Amenities

The upcoming Lemon Tree Hotel, Najibabad will offer comprehensive hospitality services designed for both business and leisure travelers. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

Strategic Location Advantages

Najibabad's location in Bijnor district positions the hotel as a strategic gateway to several popular destinations. The town serves as an access point to key spiritual and leisure destinations including Haridwar, Rishikesh and Jim Corbett National Park, benefiting from steady pilgrimage and wildlife tourism demand.

The hotel offers convenient connectivity for guests:

• 88 km from Jolly Grant Airport
• 8.6 km from Najibabad Junction railway station

Management Commentary

Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, commented on the development: "Najibabad's unique position at the crossroads of spiritual, leisure and transit travel makes it an exciting addition to our portfolio. As we continue to expand in Uttar Pradesh, our focus remains on creating vibrant, welcoming spaces that deliver reliable comfort and memorable experiences for our guests."

Company Portfolio Overview

Lemon Tree Hotels Limited operates as one of India's leading hospitality companies with seven distinct brands: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite. The group currently operates 120+ hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties, totaling 260+ properties when combining operational and upcoming facilities.

Lemon Tree Hotels Limited has completed its investors conference call on February 10, 2026, to discuss the unaudited financial results for the quarter and nine months ended December 31, 2025. The company has made the audio recording of the conference call available on its official website for stakeholders who could not participate in the live session.

Conference Call Details

The earnings call was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has uploaded the complete audio recording at its website under the investor relations section, ensuring transparency and accessibility for all stakeholders.

Q3FY26 Financial Highlights

The conference call discussed the company's strong operational performance in Q3FY26. On a standalone basis, revenue from operations reached ₹12,461.90 lakhs compared to ₹10,420.64 lakhs in the corresponding quarter of the previous year. Net profit after tax stood at ₹2,315.76 lakhs with basic earnings per share of ₹0.29.

Consolidated Results Discussion

On a consolidated basis, the company reported revenue from operations of ₹40,605.23 lakhs for Q3FY26 compared to ₹35,517.69 lakhs in Q3FY25. Consolidated net profit after tax stood at ₹8,183.07 lakhs with basic earnings per share of ₹0.79.

Exceptional Items and Corporate Developments

The conference call likely addressed the exceptional items totaling ₹1,877.53 lakhs on standalone basis and ₹3,133.46 lakhs on consolidated basis during Q3FY26. These items included impact due to new Labour Code implementation, ex-gratia payments, property tax settlement, and restructuring expenses. The discussion may have also covered the proposed Composite Scheme of Arrangement approved by the Board on January 09, 2026, involving merger and demerger of certain group entities.

Investor Communication

Company Secretary and Compliance Officer Pawan Kumar Kumawat communicated the conference call outcome to stock exchanges including National Stock Exchange of India Limited and BSE Limited. The company maintains its commitment to transparent investor communication through regular earnings calls and comprehensive financial disclosures.