Buy Chalet Hotels; target of Rs 603: ICICI Securities
ICICI Securities is bullish on Chalet Hotels recommended buy rating on the stock with a target price of Rs 603 in its research report dated June 30, 2023.03-07-2023
03-07-2023
Chalet Hotels Ltd - 542399 - Closure of Trading Window
This is to inform you that as per the Company''s Code of Conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the Equity Shares of the Company by all the Designated Persons, including their Immediate Relatives and Specified Connected Persons will be closed for the purpose of declaration of the Unaudited Financial Results for the quarter ended June 30, 2023, from the end of the quarter i.e. end of day on Friday, June 30, 2023 up to expiry of the 48 hours after the declaration of the said Financial Results.30-06-2023
Chalet Hotels Ltd - 542399 - Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Chalet Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/07/2023 ,inter alia, to consider and approve Notice is hereby given pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, July 3, 2023, to inter-alia, consider and approve: - the revised Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2023, after giving effect to the Scheme of Arrangement for amalgamation of Belaire Hotels Private Limited and Seapearl Hotels Private Limited (wholly owned subsidiaries) with the Company; - seeking of approval of the shareholders of the Company in respect of appropriate fundraising options, including but not limited to, for the purpose of refinancing high-cost debt; and - raising of further funds from the Promoters of the Company for Koramangala project expenses, subject to necessary approvals.23-06-2023
Chalet Hotels Ltd - 542399 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the provisions of Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the details of the Company's participation in an Investor Conference: Date: June 19, 2023 Name of the Investor Conference: Market Marvel by Phillip Capital Type of Interaction: In-person You are requested to take the same on record.19-06-2023
Chalet Hotels Ltd - 542399 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, and further to our letter dated May 1, 2023, this is to inform you that the Members of the Company on June 5, 2023 have approved by way of Postal Ballot, the re-appointment of the following Independent Directors for a second term with effect from June 12, 2023 as mentioned below: Mr. Hetal Gandhi - DIN 00106895 - Five Years Mr. Joseph Conrad D'Souza - DIN 00010576 - Four Years Mr. Arthur DeHaast - DIN 07893738 - Four Years Ms. Radhika Piramal - 02105221 - Five Years Further, it is affirmed that none of the said Independent Directors are debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 have already been provided vide our aforementioned letter dated May 1, 2023.06-06-2023
Chalet Hotels Ltd - 542399 - Voting Results And Scrutiniser'S Report In Respect Of The Postal Ballot Of The Company
Pursuant to applicable provisions of the Companies Act, 2013 read with the Rules made thereunder, the applicable Secretarial Standards and Regulation 44 of the Listing Regulations, the Company had sought approval of the Members on Special Resolutions set out in the Postal Ballot Notice dated May 1, 2023 and provided Remote E-Voting facility in this regard. In this connection, pursuant to the provisions of Regulation 44 of the Listing Regulations, we enclose herewith: 1) E-voting results in the prescribed format - Annexure I 2) Report on e-voting results dated June 6, 2023 issued by the Scrutiniser i.e. Mr. Saurabh Agarwal (Membership No: 9290), Partner of M/s. MMJB & Associates LLP, Practicing Company Secretaries - Annexure II It may be noted that the business items as per the Notice of the Postal Ballot were approved by the Members with requisite majority.06-06-2023
Chalet Hotels Ltd - 542399 - Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to the above regulation, this is to inform you that the Company has launched its second Hotel in Hyderabad, i.e. The Westin Hyderabad Hitec City, today, on June 05, 2023. The Hotel is managed and operated by an all-women team. The addition of this 168-key property takes the total number of rooms under the Company's portfolio to 2,802 keys (including subsidiaries). The Press Note being released by the Company in this connection is also attached herewith. You are requested to take the same on record.05-06-2023
Chalet Hotels Ltd - 542399 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to the provisions of Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause 3(b) of the SEBI Circular CIR/CFD/CMD1/27/2019 dated February 8, 2019, and the relevant circulars issued by the National Stock Exchange of India Limited and BSE Limited, we enclose herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2023, issued by KDA & Associates, Practicing Company Secretaries.29-05-2023
Chalet Hotels Ltd - 542399 - Clarification On Increase In Volume
We refer to your aforementioned email, copy enclosed, seeking clarification from the Company on significant volume in the Equity Shares of the Company in the recent past. In this connection, we wish to inform you that: - we have been providing timely information and updates as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; - all material information pertaining to the Company required to be disclosed in accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been disclosed. Also, the Company has and will continue to disseminate on a timely basis any material information to the Stock Exchanges that may have bearing on the price/volume of the shares which are traded on the Stock Exchanges and the same will also be made available on the Company''s website for the information of the shareholders.26-05-2023
Chalet Hotels Ltd - 542399 - Clarification sought from Chalet Hotels Ltd
The Exchange has sought clarification from Chalet Hotels Ltd on May 26, 2023, with reference to Movement in Volume.The reply is awaited.26-05-2023