Date: October 8, 2026
Regulatory Filing Disclosure
The company disclosed that the stock exchanges (NSE and BSE) have rejected the application for reclassification of four entities from 'promoter group' to 'public' category.
Reclassification Request Details
- Four entities requested reclassification: Sundew Real Estate Private Limited, Pramaan Properties Private Limited, Content Properties Private Limited, and Sycamore Properties Private Limited
- Request was based on changes in their respective shareholdings that made them no longer qualify as 'promoter group' under Regulation 2(1)(pp) of the SEBI ICDR Regulations, 2018
- The company had previously filed these requests with the stock exchanges on January 19, 2026 and May 11, 2026
Stock Exchange Decision
- The stock exchanges rejected the applications through letters dated October 7, 2026
- Rejection reason: Majority shareholders of the four entities are Mindspace Business Parks REIT, whose unitholder/sponsor are individuals who (together with their associated entities) hold a majority shareholding in Chalet Hotels Limited
- The exchanges determined this fails to meet conditions prescribed under Regulation 31A(3)(b) of the SEBI LODR Regulations
Outcome
- The four entities will continue to be classified as part of Chalet Hotels' Promoter Group
- The disclosure has been placed on the company's website www.chalethotels.com
Compliance Officer
- Christabelle Bernadette Baptista, Company Secretary and Compliance Officer, signed the disclosure