Chalet Hotels credit rating upgraded by ICRA

Chalet Hotels Limited announced on September 3, 2025, that its credit rating from ICRA Limited has been upgraded. This upgrade affects various financial instruments, including long-term fund-based term loans, long-term fund-based limits, and long-term unallocated limits, all moving from [ICRA] A+ (Outlook: Positive) to [ICRA] AA- (Outlook: Stable).

Additionally, short-term unallocated limits and short-term non-fund-based limits also saw an upgrade, moving from [ICRA] A1 to [ICRA] A1+. This revision, effective September 3, 2025, reflects an improvement in the company's financial standing as assessed by ICRA.

The announcement was made in compliance with SEBI regulations and submitted to the National Stock Exchange of India Limited and BSE Limited.