Chalet Hotels has redeemed 6,000 Series B – 0.00% Non-Cumulative, Non-Convertible Redeemable Preference Shares (‘NCRPS’) having a face value of Rs.1,00,000 each, aggregating to Rs.600 million. This redemption was executed on October 17, 2025, utilizing the company’s profits available for distribution. The information is provided in compliance with disclosure regulations.
Redemption of Preference Shares
On October 17, 2025, Chalet Hotels completed the redemption of its Non-Cumulative, Non-Convertible Redeemable Preference Shares. This involved the redemption of 6,000 Series B preference shares.
Key Details of the Redemption
The redeemed preference shares, classified as ‘NCRPS’, each had a face value of Rs.1,00,000. The total value of the redemption amounted to Rs.600 million. The funds for this redemption were sourced from the company’s available profits.
Source: BSE
