Chalet Hotels has received Board approval for the reclassification of certain entities from the Promoter Group to the Public category. The decision, made on February 2, 2026, concerns Sundew Real Estate Private Limited and Pramaan Properties Private Limited. The reclassification is subject to necessary approvals from stock exchanges and aligns with regulatory requirements. Neither entity holds any shares in the company, representing 0.00% shareholding.
Promoter Reclassification Update
The Board of Directors of Chalet Hotels has considered and approved the reclassification requests for certain entities. The decision was made during a meeting held on February 2, 2026.
Entities Approved for Reclassification
The entities approved for reclassification from the Promoter Group to the Public category are:
Sundew Real Estate Private Limited: No. of shares held: 0, representing 0.00% shareholding.
Pramaan Properties Private Limited: No. of shares held: 0, representing 0.00% shareholding.
Next Steps
The reclassification is subject to the receipt of necessary approvals from stock exchanges. The company will be making the required applications to the stock exchanges.
Source: BSE
