Leela Palaces Hotels & Resorts Ltd

Leela Palaces Hotels & Resorts Ltd announced that its promoters, including Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created an encumbrance by pledging 18,67,06,528 shares, representing 55.91% of the company's total share capital. This action is pursuant to a pledge agreement dated June 24, 2026, executed with Catalyst Trusteeship Limited as the Onshore Security Agent, for the benefit of various lenders. The encumbrance is a direct pledge over the shareholding, following covenants agreed upon in a facility agreement dated September 19, 2025. This disclosure is made in compliance with SEBI (SAST) Regulations, 2011.

Leela Palaces Hotels & Resorts Ltd's promoters, including Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created an encumbrance by pledging 18,67,06,528 shares, representing 55.91% of the company's total share capital. This action is pursuant to a pledge agreement dated June 24, 2026, executed with Catalyst Trusteeship Limited as the Onshore Security Agent, for the benefit of various lenders. This encumbrance is a result of covenants agreed upon in a facility agreement dated September 19, 2025, with Deutsche Bank AG, Hong Kong Branch, acting as agent. The disclosure is made in compliance with SEBI (SAST) Regulations, 2011.

Leela Palaces Hotels & Resorts Ltd's promoters, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created an encumbrance by pledging 18,67,06,528 shares, representing 55.91% of the company's total share capital. This action is pursuant to a pledge agreement dated June 24, 2026, executed with Catalyst Trusteeship Limited as the Onshore Security Agent. The encumbrance is a result of covenants agreed under a facility agreement dated September 19, 2025, with various lenders, including Deutsche Bank AG. This disclosure is made under Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Leela Palaces Hotels & Resorts Ltd announced that its promoters, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created a pledge over 18,67,06,528 shares, representing 55.91% of the company's total share capital. This action is pursuant to a pledge agreement dated June 24, 2026, executed with Catalyst Trusteeship Limited, acting as the Onshore Security Agent. The encumbrance is a result of covenants entered into under a facility agreement dated September 19, 2025, with various lenders. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

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.

Leela Palaces Hotels & Resorts Ltd has announced the closure of its trading window for the quarter ending June 30, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 01, 2026, and will reopen 48 hours after the declaration of the unaudited financial results for the said quarter. The specific date of the board meeting to approve these results will be communicated separately to the stock exchanges.

Leela Palaces Hotels & Resorts Ltd has received an order from the Delhi Revenue Department demanding ₹8,04,461 in stamp duty and imposing a penalty of ₹20,00,000. This relates to the adjudication of stamp duty on shares issued in dematerialized form during 2021. The company clarifies that it had paid stamp duty in accordance with its interpretation of the Indian Stamp Act, 1899. The issue stems from a dispute over the applicable stamp duty rate for dematerialized shares, with similar matters currently under judicial consideration in the Delhi High Court for other companies. Leela Palaces states that this order will have no material impact on its financial, operational, or other activities and is pursuing appropriate courses of action.

The Board of Directors of Leela Palaces Hotels & Resorts Limited, at their meeting on April 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The board also approved an investment of funds in BPBKC Properties Private Limited and appointed M/s. PricewaterhouseCoopers Services LLP as the Internal Auditor for the Financial Year 2026-27. The statutory auditor, B S R & Co. LLP, issued an unmodified opinion on the financial results.

The Board of Directors of Leela Palaces Hotels & Resorts Ltd, at their meeting on April 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The statutory auditor, B S R & Co. LLP, issued an unmodified opinion on these results. Additionally, the Board approved an investment of funds in BPBKC Properties Private Limited and the execution of related documents. M/s. PricewaterhouseCoopers Services LLP was also appointed as the Internal Auditor for the Financial Year 2026-27.

Leela Palaces Hotels & Resorts Ltd (formerly Schloss Bangalore Limited) submitted its Monitoring Agency Report for the quarter ended March 31, 2026. ICRA Limited, the appointed monitoring agency, confirmed that there was no deviation in the utilization of the Initial Public Issue (IPO) proceeds from the stated objects of the issue. The company's IPO, which closed on May 28, 2025, had an issue size of INR 3,500.00 Crore (including OFS) and INR 2,500.00 Crore (excluding OFS), with net proceeds of INR 2,364.402 Crore. ICRA monitored gross proceeds of INR 2,500.00 Crore. The report was reviewed and considered by the Audit Committee on April 28, 2026.