Leela Palaces Hotels & Resorts: Promoters Pledge 55.91% Shares for $500M Facility

Catalyst Trusteeship Ltd, acting as onshore security agent, has disclosed the creation of an encumbrance over 55.91% of Leela Palaces Hotels & Resorts Limited's equity share capital. This pledge is part of a Shares Pledge Agreement dated June 24, 2026, securing a term loan facility of up to US$500,000,000 availed by the promoters. The promoters, collectively owning approximately 75.91% of the target company's shares, have entered into this agreement with various lenders, including Deutsche Bank Group. This disclosure is made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.