Key Transaction Details
- The Company completed execution of a Share Purchase Agreement and acquisition of 100% of the Equity Share Capital of Lakeview Mercantile Company Private Limited on September 7, 2026.
- Lakeview Mercantile Company Private Limited is the owning entity of a land parcel at Bambolim in Goa.
- The acquired land parcel has development potential for a ~170 room luxury resort.
- Consequently, Lakeview Mercantile Company Private Limited has become a wholly-owned subsidiary of Chalet Hotels Limited.
Regulatory Context and Timeline
- This disclosure is made with reference to SEBI Master Circular dated January 30, 2026.
- The company had previously submitted detailed information about this acquisition via letter dated May 12, 2025.
- The current filing serves as an update confirming completion of the transaction initially intimated in May 2025.
Financial Impact
Financial impact not quantified in the disclosure.