Lemon Tree Hotels Ltd

Lemon Tree Hotels Limited has announced the opening of its new property, Keys Lite by Lemon Tree Hotels, in Moga, Punjab. This marks the group's entry into Moga and strengthens its presence in the state, bringing its total operational hotels in Punjab to four, with nine more in the pipeline. The hotel, operated under a franchise agreement, features 33 rooms, a multi-cuisine restaurant, and a fitness center. This expansion aligns with the company's strategy to tap into the potential of India's fast-growing Tier-3 markets and cater to the increasing demand for organized hospitality.

Lemon Tree Hotels Limited, through its wholly-owned subsidiary Carnation Hotels Private Limited, has entered into a Joint Venture Agreement (JVA) with RJ Corp Limited for the development of the Aurika Shillong project. RJ Corp will acquire a 49% stake in Arum Hotels Private Limited (Arum), a Special Purpose Vehicle, by subscribing to fresh equity shares. Carnation will retain a 51% stake. This transaction will result in Arum ceasing to be a step-down wholly-owned subsidiary and continuing as a step-down subsidiary of Lemon Tree Hotels. The JVA outlines significant terms including board representation and share transfer restrictions.

Lemon Tree Hotels Ltd announced a Joint Venture Agreement between its wholly-owned subsidiary, Carnation Hotels Private Limited, and RJ Corp Limited. The JV is for the development and execution of the Aurika Shillong project through a Special Purpose Vehicle, Arum Hotels Private Limited. RJ Corp will acquire a 49% stake in Arum by subscribing to fresh equity shares, while Carnation will retain a 51% stake. Consequently, Arum will transition from a step-down wholly owned subsidiary to a step-down subsidiary of Lemon Tree Hotels. The agreement details include RJ Corp subscribing to 47,65,394 equity shares of face value Rs. 10 each, and equal board representation for both parties.

Lemon Tree Hotels' material subsidiary, Berggruen Hotels Private Limited, has received a GST demand notice from Bengaluru authorities for FY 2022-23. The notice, in Form GST DRC-01A, proposes a total demand of approximately ₹6.03 crore, comprising ₹2.94 crore in tax, ₹2.31 crore in interest, and ₹0.38 crore in penalty. The demands arise from alleged non-compliance issues including turnover mismatches, issues with Input Tax Credit (ITC) claims, and non-substantiation of exempt turnover and scrap sale income. The subsidiary is evaluating the grounds and intends to file a response within the prescribed timeline. The company states there is no material impact on its financial operations beyond the specified amounts.

Nomura India Investment Fund Mother Fund has disclosed the sale of 15,869,284 shares, representing 2.003% of the total equity, in Lemon Tree Hotels Limited. This disposal occurred between April 30, 2024, and September 7, 2026, via secondary market sales. Following this transaction, the fund's holding in Lemon Tree Hotels has reduced from 5.078% to 3.075%. The total equity share capital of Lemon Tree Hotels is approximately 792,264,464 shares.

Lemon Tree Hotels has signed two new license agreements for properties in Bodhgaya, Bihar: Lemon Tree Hotel, Bodhgaya (75 rooms) and Keys Select by Lemon Tree Hotels, Bodhgaya (70 rooms). These properties will be managed by Carnation Hotels Private Limited, a subsidiary. This expansion adds a total of 145 rooms to the company's portfolio in Bihar, a region identified for its strong tourism and business potential. The new hotels aim to cater to diverse traveler segments in this significant spiritual and pilgrimage destination.

Lemon Tree Hotels Ltd has announced its 34th Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 01:00 p.m. (IST) via Video Conferencing. The Notice of AGM and Integrated Annual Report for FY 2025-26 have been dispatched to shareholders. For members who have not registered their email addresses, a letter providing web-links to access these documents has been sent. The company also reminds shareholders to update their PAN, KYC, and nomination details with their respective Depository Participants or RTA.

Lemon Tree Hotels Limited has announced the opening of its new property, Lemon Tree Premier, Vadodara. This marks the 13th operational hotel for the company in Gujarat and its fourth in Vadodara. The hotel features 94 rooms and suites, a multi-cuisine restaurant, banquet facilities, a swimming pool, and a spa. This expansion aligns with the company's strategy to strengthen its presence in high-potential markets and cater to a broader range of travelers. Lemon Tree Hotels currently operates over 130 hotels across India and has a pipeline of over 140 upcoming properties.

Lemon Tree Hotels Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as required by SEBI regulations. The report, which is part of the Integrated Annual Report, details the company's performance across environmental, social, and governance (ESG) parameters. Key disclosures include operational data, employee statistics, and market reach. The company operates 126 locations nationally and 5 internationally, serving diverse clientele including business and leisure travelers. The report also highlights employee demographics, including a segment of differently-abled individuals, and mentions JDP & Associates as the assurance provider for limited assurance.

Lemon Tree Hotels Ltd has announced its 34th Annual General Meeting (AGM) to be held on Friday, September 18, 2026, at 01:00 P.M. IST, conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company will provide remote e-voting facilities from September 14 to September 17, 2026. The cut-off date for determining voting rights is September 11, 2026. The AGM agenda includes adopting the Audited Standalone and Consolidated Financial Statements for FY 2025-26, re-appointment of retiring directors Mr. Aditya Madhav Keswani and Mr. Willem Albertus Hazeleger, and the appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director effective April 1, 2027. The integrated annual report for FY 2025-26 and the AGM notice have been enclosed and are also available on the company's website.