Chalet Hotels has received requests from two entities within its promoter group for reclassification to public shareholder status. The entities, Content Properties Private Limited and Sycamore Properties Private Limited, currently hold no shares in the company, representing 0.00% of its shareholding.
The requests for reclassification will be considered by the Board of Directors at an upcoming meeting, in accordance with Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation outlines the procedural requirements for reclassifying promoter group entities to public shareholders.
The disclosure regarding the reclassification requests has been made available on the company’s official website, www.chalethotels.com, ensuring transparency and compliance with regulatory obligations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).