Chalet Hotels redeems preference shares worth 1,000 million rupees

Chalet Hotels Limited has informed the National Stock Exchange of India Limited and BSE Limited about the redemption of preference shares on September 23, 2025. This action is in accordance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company redeemed a total of 6,000 Series A and 4,000 Series B 0.00% Non-Cumulative, Non-Convertible Redeemable Preference Shares (NCRPS). These shares had a face value of 1,00,000 rupees each at par, aggregating to a total of 1000 million rupees.

The redemption was funded from the profits of the company available for distribution, underscoring Chalet Hotels' financial management strategy. christabelle baptista, company secretary and compliance officer, signed the intimation.