Chalet Hotels Limited (CHALET) — Corporate Action Announcement

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📢 Key Event
Chalet Hotels declares Re.1 final dividend per share and seeks shareholder approval for up to Rs.10,000 million in debt issuance.

🔄 What Changed
Debt issuance limit increased to Rs.10,000 million; stake in WOS remains at 70% post-Rs.385 crore investment; dividend approved at Re.1 per share.

🔮 What's Next
Shareholder approval required at forthcoming AGM for dividend payment and debt instrument issuance.

💡 Investor Takeaway
The dividend offers a 10% yield on face value, and the debt raise provides capital flexibility while preserving majority control in the subsidiary.

Chalet Hotels announced a final dividend of Re.1 per share (10% on Rs.10 face value) for FY2026, subject to shareholder approval at the upcoming AGM, with payment to occur after tax deductions. The company seeks shareholder approval to raise up to Rs.10,000 million via NCDs, CPs, or other debt instruments, while maintaining its 70% stake in the wholly owned subsidiary Chalet Airport Hotel WOS through a Rs.385 crore investment. The auditor issued an unmodified opinion on consolidated results, confirming no financial impact from the ongoing Vashi land rights litigation, and noted a security coverage ratio exceeding 1.75x for its NCDs.

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About Chalet Hotels Limited (CHALET)

Consumer Services · Leisure Services · Listed on NSE

Market Cap: ₹17,183.37 Cr P/E: 161.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Chalet Hotels Limited (CHALET) — Corporate Action Announcement

About Chalet Hotels Limited (CHALET)

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