Chalet Hotels promoter restructures share pledges

Anbee Constructions LLP announced the release of a pledge on 2,116,180 equity shares of Chalet Hotels Limited, representing 0.97% of the total share capital, by IDBI Trusteeship Services Limited, security trustee for HDFC Bank Limited. This release was effective August 26, 2025. These shares were previously held as collateral security for a facility availed from HDFC Bank Limited. Post-release, Anbee Constructions LLP's encumbered holding decreased to 11,000,000 shares, or 5.03% of the total share capital.

Concurrently, on August 29, 2025, Anbee Constructions LLP created a new pledge on 2,116,180 equity shares, equivalent to 0.97% of Chalet Hotels Limited's total share capital. This pledge was made in favor of Aditya Birla Capital Limited as collateral for borrowing by Stargaze Properties Private Limited and K Raheja Corp Private Limited, both K Raheja Corp Group Companies. The value of these pledged shares on August 28, 2025, was INR 2,153,636,386, with the total amount involved against the encumbered shares being INR 4,500,000,000.

Following these transactions, Anbee Constructions LLP's encumbered shareholding increased to 13,116,180 shares, representing 6.00% of the total share capital. The total promoter shareholding in Chalet Hotels Limited stands at 147,262,680 shares, or 67.34% of the total share capital, with 31.93% of the promoter shares currently encumbered.