Chalet Hotels has announced that its Board of Directors has approved requests for reclassification of certain entities from the promoter group to public. The decision was made during a board meeting held on 14 May 2026.
The entities involved in this reclassification are Content Properties Private Limited and Sycamore Properties Private Limited. Both entities currently hold no shares in Chalet Hotels, with a shareholding percentage of 0.00% each. The board determined that the conditions required for such reclassification, as specified in Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were duly met.
The reclassification is subject to necessary approvals, including those from the stock exchanges where Chalet Hotels’ equity shares are listed, namely the National Stock Exchange of India Limited and BSE Limited. Chalet Hotels will proceed with making the necessary applications to the stock exchanges in accordance with applicable laws and regulations.
This disclosure has also been made available on the company’s website at www.chalethotels.com.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).