Chalet Hotels Ltd

Chalet Hotels Ltd has communicated with shareholders whose email addresses are not registered, providing a weblink to access the Integrated Annual Report for FY2026 and previous years. This action is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company encourages shareholders to update their email addresses with their depositories to ensure receipt of future communications. The weblink for the FY2026 report and a general link for all annual reports are provided.

Chalet Hotels Ltd has announced its 41st Annual General Meeting (AGM) to be held on September 21, 2026, at 4:00 p.m. IST via Video Conferencing. The integrated annual report for FY 2026 is enclosed with the notice. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2026, approval of a final dividend of Re.1 per equity share for FY 2025-26, and the re-appointment of Mr. Ravi Raheja as a director. Additionally, the AGM will seek ratification of remuneration for the Cost Auditor for FY 2026-27 and consider a special resolution for raising funds through debt securities via private placement. The cut-off date for e-voting eligibility is September 15, 2026, with remote e-voting open from September 18 to September 20, 2026.

Chalet Hotels Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2026, as required by SEBI regulations. The report, which is part of the Integrated Annual Report, details the company's performance across various sustainability and business responsibility parameters. The company operates primarily in accommodation and food services (62% of turnover) and real estate (38% of turnover). The BRSR Core indicators received reasonable assurance, while ESG and non-core BRSR indicators received limited assurance from TUV India Private Limited. The report covers consolidated operations, including subsidiaries like The Dukes Retreat Private Limited and Sonmil Industries Private Limited.

Chalet Hotels Ltd has announced its 41st Annual General Meeting (AGM) scheduled for September 21, 2026, to be held via Video Conferencing. The meeting will cover the adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026. Key agenda items include the approval of a final dividend of Re.1 per equity share for FY2025-26, the re-appointment of a director retiring by rotation, ratification of remuneration for the Cost Auditor, and a special resolution for raising funds through debt securities via private placement. The Integrated Annual Report for FY2026, along with the AGM notice and e-voting instructions, is available on the company's website and has been sent electronically to eligible members. The cut-off date for e-voting eligibility is September 15, 2026.

Chalet Hotels Ltd has rebranded its 152-room hotel, formerly Four Points by Sheraton, Navi Mumbai Vashi, to ATHIVA Pulse, NAVI MUMBAI – AUTOGRAPH COLLECTION, effective August 25, 2026. This marks the company's second Athiva-branded hotel and the second Autograph Collection hotel from Marriott International in India. The rebranded hotel features a 30,000 sq. ft. wellness ecosystem called 'The Daily Club', tech-forward productivity spaces, and a 100% women-led artisanal cafe. The 'BIZWELL' proposition aims to cater to the next generation of travelers with a focus on intention, wellbeing, and local community connection.

Chalet Hotels Ltd has announced September 11, 2026, as the record date to determine shareholders eligible for the final dividend for the Financial Year 2025-26. The company's Annual General Meeting (AGM) is scheduled for September 21, 2026, where the dividend will be proposed for shareholder approval. The final dividend, if approved, will be paid within 30 days post-AGM. This announcement is made in compliance with SEBI Listing Regulations.

Chalet Hotels Limited is expanding its pipeline by adding two new hotel developments, one in Hyderabad with 150 keys and another in Pune with 231 keys. Both properties will operate under its own brand, ATHIVA®. These developments are part of a capital-efficient lease model with SPVs of Mindspace Business Parks REIT. Chalet will incur capital expenditure for interior fit-outs, with the Pune project involving Mindspace REIT developing the building structure on a grey shell basis. This expansion aligns with Chalet's strategy of embedding hospitality assets within business parks, leveraging captive demand and mitigating acquisition risks. The Hyderabad hotel is slated for launch in FY2029, and the Pune hotel in FY2031.

Chalet Hotels Ltd has entered into two binding Memorandums of Understanding (MOUs) with SPVs of Mindspace Business Parks REIT to lease premises for hotel development. The agreement covers 231 rooms in Pune (Grey Shell) and 150 rooms in Hyderabad (Warm Shell), both to be branded as Upper Upscale ATHIVA®. The Pune expansion is targeted for FY2030-31, while Hyderabad is slated for FY2028-29. The estimated investment for fit-out is ₹10.8 Million per key in Pune and ₹13.5 Million per key in Hyderabad, to be financed through internal accruals and debt. This move aligns with the company's expansion strategy.

Chalet Hotels Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a 10% year-on-year increase in total income (excluding residential) to INR 5,140 million, with EBITDA (excluding residential) growing by 15% to INR 2,400 million. EBITDA margin (excluding residential) expanded by 231 basis points to 46.7%. The hospitality segment saw RevPAR increase by 6% YoY to INR 8,582 million, with revenue up 9% and EBITDA up 11%. The commercial real estate segment reported an 18% revenue increase and a 21% EBITDA increase. Consolidated PAT stood at INR 861 million. The company highlighted strong domestic demand and progress on its development pipeline, including Taj Delhi International Airport and CIGNUS II.

Chalet Hotels Ltd announced that its Board of Directors, in a meeting held on July 29, 2026, has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as its Statutory Auditors for a five-year term, commencing from FY 2026-27, subject to shareholder approval. The financial results and auditor appointment details will be uploaded on the company's website and stock exchange websites, and published in newspapers.