Chalet Hotels has redeemed 6,000 Series A and 4,000 Series B non-cumulative, non-convertible redeemable preference shares on September 23, 2025. The shares have a face value of ₹1,00,000 each, aggregating to ₹1000 million. The redemption was made from the company’s available profits.
Preference Share Redemption
On September 23, 2025, Chalet Hotels announced the redemption of its non-cumulative, non-convertible redeemable preference shares.
Details of Redemption
The company redeemed a total of 10,000 preference shares, split between:
< >6,000 Series A shares
< >4,000 Series B shares
Financial Impact
The total value of the redeemed shares amounts to ₹1000 million. Each share had a face value of ₹1,00,000. This redemption was financed from the company’s existing profits.
Source: BSE
