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Chalet Hotels Ltd. ( (IN:CHALET) ) has provided an update.
Chalet Hotels Limited has disclosed that it has received requests from Sundew Real Estate Private Limited and Pramaan Properties Private Limited, both currently classified as part of its promoter group but holding no shares in the company, to be reclassified as public shareholders. The company stated that these reclassification requests, made under Regulation 31A of SEBI’s Listing Regulations, will be placed before its Board of Directors at an upcoming meeting, signaling a formal step in refining its shareholding classification and corporate governance disclosures for investors and regulators.
More about Chalet Hotels Ltd.
Chalet Hotels Limited operates in the hospitality and real estate sector, developing and managing hotels and mixed-use properties. The company focuses on upscale and luxury hospitality assets, with its registered office in Mumbai and its securities listed on both the National Stock Exchange of India and BSE, including equity shares, non-convertible debentures, and commercial paper.
Average Trading Volume: 33,013
Technical Sentiment Signal: Buy
Current Market Cap: 192.1B INR
For detailed information about CHALET stock, go to TipRanks’ Stock Analysis page.