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News Details

11/12/2025 14:45

Chalet Hotels L - Board Meeting Outcome for Outcome Of The Board Meeting Held On December 11, 2025

Pursuant to Reg 30 and 52 of the Listing Regulations, the Board at its meeting held today has considered and approved:\r\n\r\n(i) proposed acquisition of a company owning a resort property at Udaipur in the state of Rajasthan with around 150 rooms at a proposed consideration of Rs.171 crore (subject to adjustments for Net Assets/Liabilities)\r\n\r\n(ii) appointment of Mr. Shwetank Singh as the Managing Director and CEO of the Company with effect from February 1, 2026.\r\n\r\n(iii) appointment of Dr. Sanjay Sethi as Non-Independent Non-Executive Director of the Company with effect from February 1, 2026.