Chalet Hotels Ltd - 542399 - Outcome of Board Meeting
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations''), please be informed that the Board of Directors at its meeting held today i.e., May 10, 2019, has inter-alia considered and approved the Statement of Standalone Financial Results for the quarter(unaudited) and financial year ended March 31, 2019 and the Statement of Consolidated Financial Results for the quarter(unaudited) and financial year ended March 31, 2019, pursuant to Regulation 33 of the Listing Regulations. A copy of the abovementioned results together with the Reports of the Auditors, including a declaration confirming that the Audit Reports are with an unmodified opinion are being enclosed herewith. The results are being uploaded on the Company''s website www.chalethotels.com and will also be available on the website of the Stock Exchange(s). Further, the Financial Results will be published in the newspapers as per the requirements of the SEBI Listing Regulations. Further, the Board of Directors of the Company has not recommended any dividend for the financial year ended March 31, 2019. The Board has considered and recommended re-appointment of Mr. Sanjay Sethi, Managing Director & CEO and Mr. Rajeev Newar, Executive Director & CFO, due to retire by rotation, subject to approval of shareholders at forthcoming Annual General Meeting. The meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 4.15 p.m.. We request you take the above information on record.10-05-2019