Lemon Tree Hotels Ltd

Lemon Tree Hotels Ltd has appointed Mr. Kartikeya Kumar Singh as its Chief Digital and Transformation Officer & Senior Management Personnel (SMP). This appointment is in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Singh brings 23 years of extensive experience in digital transformation, technology strategy, and consumer goods operations, having previously held significant roles at companies like Coca-Cola India, Adidas India, and Pernod Ricard India. His expertise is expected to drive the company's digital initiatives and overall transformation.

Lemon Tree Hotels Limited has signed a franchise agreement for Keys Prima by Lemon Tree Hotels in Jaipur, Rajasthan. This marks a significant expansion for the company, increasing its total city-wide portfolio in Jaipur to six properties (three operational, three upcoming) and its Rajasthan portfolio to 23 hotels (13 operational, 10 upcoming). The new 88-room hotel will cater to both business and leisure travelers and aligns with Lemon Tree's asset-light expansion strategy. This signing broadens the group's brand portfolio in Jaipur with an upper-midscale lifestyle offering.

Lemon Tree Hotels Ltd's material subsidiary, Fleur Hotels Limited, has received an order from the Customs, Excise and Service Tax Appellate Tribunal, Hyderabad. The tribunal has confirmed a demand for service tax amounting to ₹33,54,487, along with penalties under Sections 76 and 77(2) of the Finance Act, 1994, for the period July 2012 to March 2013. The alleged contravention relates to the incorrect availment of CENVAT credit on maintenance, internet, and courier services. The company stated that there is no material impact on its financial or operational activities beyond the specified amount and is evaluating legal remedies.

Lemon Tree Hotels Ltd has mutually terminated its Franchise Agreement with M/s. Sparsh Inn LLP, dated May 10, 2024, for a 'Keys Select by Lemon Tree Hotels' property in Bareilly, Uttar Pradesh. The hotel was not operational, and the termination is not expected to have a material financial impact on the company.

Lemon Tree Hotels Limited's Board of Directors, at its meeting on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, issued an unmodified opinion on these results. Additionally, the Board appointed M/s R. Khattar & Associates, Chartered Accountants, and re-appointed M/s Felix Advisory Private Limited as Internal Auditors for the Financial Year 2026-27, following the Audit Committee's recommendation. The trading window for directors, promoters, and designated persons will open 48 hours after the financial results declaration. M/s R. Khattar & Associates, established in 1990, brings over 30 years of experience in assurance and advisory services across various sectors.

Lemon Tree Hotels Limited's Board of Directors approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, at its meeting on May 28, 2026. The statutory auditors, M/s. Deloitte Haskins & Sells LLP, issued an unmodified opinion on these results. Additionally, the Board, based on the Audit Committee's recommendation, appointed M/s R. Khattar & Associates and re-appointed M/s Felix Advisory Private Limited as Internal Auditors for the financial year 2026-27. The trading window for company insiders will open 48 hours after the results declaration.

Lemon Tree Hotels Limited's Board of Directors, in a meeting on May 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. M/s. Deloitte Haskins & Sells LLP, the Statutory Auditors, issued an unmodified opinion on these results. Additionally, the Board appointed M/s R. Khattar & Associates and re-appointed M/s Felix Advisory Private Limited as Internal Auditors for FY2026-27, as recommended by the Audit Committee. The trading window for insiders will open 48 hours after the financial results are declared.

Lemon Tree Hotels Ltd has signed a License Agreement for a new Lemon Tree Hotel in Kumbakonam, Tamil Nadu. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The new hotel will feature 66 rooms, a multi-cuisine restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. This addition expands Lemon Tree's presence in Tamil Nadu to eight hotels, including six operational and two upcoming properties. Kumbakonam is a heritage and spiritual destination with growing demand from pilgrims and business travelers.

Lemon Tree Hotels Ltd. has received the detailed order from the Competition Commission of India (CCI) on May 22, 2026, regarding the approval granted under Section 31(1) of the Competition Act, 2002. The approval pertains to the acquisition of certain equity shares of Fleur Hotels Limited by Coastal Cedar Investments B.V., and the internal restructuring of the Lemon Tree Hotels group through amalgamations and demerger, as per the Composite Scheme of Arrangement. The company had initially intimated the CCI approval on April 07, 2026.

Lemon Tree Hotels Ltd announced the completion of a transaction under the Share Purchase Agreement (SPA) dated January 9, 2026, where an investor, Coastal Cedar Investments B.V., acquired 41.09% of the equity share capital of Fleur Hotels Limited (FHL), a material subsidiary. The transaction, which closed on May 22, 2026, does not change Lemon Tree Hotels' shareholding in FHL, which remains a subsidiary. Consequently, the existing Subscription and Shareholders’ Agreement dated April 25, 2012, has been terminated, and a new Shareholders’ Agreement dated January 9, 2026, has come into effect.