Company Profile

Chalet Hotels has informed that the QIP Committee at its meeting held today, April 3, 2024 has approved allotment of 1,26,26,263 Equity Shares to eligible Qualified Institutional Buyers at the issue price of Rs 792 per Equity Share, at a premium of Rs 782 per Equity Share to the face value of Equity Share, aggregating to Rs 10,000 million, pursuant to the said Qualified Institutions Placement of Equity Shares. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs 205,47,40,080 consisting of 20,54,74,008 Equity Shares to Rs 218,10,02,710 consisting of 21,81,00,271 Equity Shares. The Issue opened on March 27, 2024 and closed on April 2, 2024 and the same was intimated through its letters dated March 27, 2024 and April 2, 2024, respectively. Further the list of allottees who have been allotted more than five percent of the Equity Shares offered in the Issue are enclosed as Annexure A. The meeting of the QIP Committee commenced at 12.10 am and concluded at 12.30 am.

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Chalet Hotels has informed that it enclosed a copy of the Corporate Presentation of the company. The same is also being uploaded on the website of the Company:  www.chalethotels.com.

The above information is a part of company’s filings submitted to BSE.

Chalet Hotels has informed that it enclosed a copy of the Press Release titled, ‘Chalet Hotels Limited expands its leisure portfolio with Courtyard by Marriott Aravali Resort, NCR’.

The above information is a part of company’s filings submitted to BSE.

Pursuant to the provisions of Regulation 30 of the Listing Regulations and further to its letter dated February 29, 2024, Chalet Hotels has informed that the Company has on February 29, 2024 executed the Deed of Admission of Partners with respect to the acquisition of Ayushi and Poonam Estates LLP. At the time of admission into the partnership, Chalet Hotels and Sonmil Industries (Wholly Owned Subsidiary) have infused Rs 0.49 million and Rs 0.01 million as their respective capital contribution. The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, with respect to the said acquisition have already been submitted vide its above referred letter.

The above information is a part of company’s filings submitted to BSE.

Godrej Industries (GIL) has made further investment in Godrej Capital, its subsidiary on February 29, 2024. Consequently, the company now holds 89.48% of the total paid up share capital of Godrej Capital. This further acquisition of Equity Shares of GCL is done by GIL based on the Valuation Report for a total consideration of Rs 284.73 crore.

Landmark Cars has received a Letter of Intent (LoI) from MG Motor India for opening a dealership in Ujjain, Madhya Pradesh. This dealership will be established by M/s Aeromark Cars, a wholly owned subsidiary company of Landmark Cars. This business will include sales and after sales of MG Cars. After Indore and Bhopal, this is Landmark’s third MG dealership in the state of Madhya Pradesh.

Aurobindo Pharma’s wholly owned subsidiary -- Eugia Pharma Specialities has restarted production in its terminally sterilized product lines at its Unit-III. The production was temporarily stopped to address some of the observations of United States Food and Drug Administration (USFDA) in their recent inspection concluded on February 2, 2024. The company expects to start the production in the aseptic lines of the facility in the month of March 2024.

Chalet Hotels (CHL) has received approval for acquisition of partners’ share in Ayushi and Poonam Estates LLP, owning entity of Courtyard by Marriott, Aravalli Resort, in the National Capital Region (NCR). The acquisition is in line with the company’s expansion strategy to diversify the portfolio to include leisure properties. The Board of Directors of the Company at its meeting held on February 29, 2024 considered and approved the same. The cost of acquisition is Rs 315.00 crore (Enterprise Value). 

Piramal Enterprises has raised Rs 150 crore through the allotment of 15,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000 on a private placement basis. These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India (NSE) and BSE respectively, and NSE being the designated Stock Exchange. The Administrative Committee of the Board of Directors of the Company at their meeting held on February 29, 2024 has approved allotment of the same. 

Avantel has received a purchase order worth of Rs 5.48 crore from M/s. Garden Reach Shipbuilders. The company has bagged order for 1 KW HF System. Earlier, the company had received purchase order worth of Rs 8.95 crore from M/s. Hindustan Shipyard.

Rishabh Instruments’ Material Subsidiary -- Lumel S.A. situated in Zielona Gora, Poland has won a Project for Development of innovative control and protection devices for strategic areas of the energy industry and innovative technology for their production, based on a fully automated production process and quality control of devices under European Funds for a Modern Economy Program, Priority 1 for proposals FENG.01.01-IP.01-003E/23, European Funds for the Support for Entrepreneurs, Recruitment FENG.01.01-IP.01-001/23 - SMART Path. The execution of this project will be over the course of next 3 years. Total Cost of the Project is Rs 37.12 crore. Eligible cost of the project is Rs 30.75 crore. Subsidy Amount is Rs 12.82 crore.