Chalet Hotels allots commercial paper via private placement

Chalet Hotels Limited announced the allotment of commercial paper (CPs) on December 17, 2025, following approval from its finance committee. The company issued 2,000 listed, rated, taxable, and transferable CPs, aggregating to INR100 crore, through a private placement. This move aligns with the terms outlined in the Key Information Document dated December 16, 2025. The issuance has received a CRISIL A1+ rating from CRISIL Ratings Limited, underscoring its creditworthiness. These CPs are slated for listing on the Wholesale Debt Market (WDM) segment of BSE Limited.

The CPs, with a face value of INR5,00,000 each, were issued at a discount, amounting to INR98,47,03,000 in total. The date of allotment is December 17, 2025, with a maturity date set for March 17, 2026. The CPs carry a fixed coupon rate of 6.30%, and the redemption payment is scheduled for March 17, 2026. The CPs are unsecured, and their redemption will be at par, equating to INR100 crore for the 2,000 CPs.

This private placement is in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.