Lemon Tree Hotels Ltd - 541233 - Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Dear Sir Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that in view of the recent directions passed by Central Government to prevent & contain the spread of COVID-19 and to ensure the safety and well-being of employees and all stakeholders, the Company has temporarily suspended operations of its some of the Hotels (owned / managed) across India, in terms of government guidelines, with immediate effect till further notice. The duration of this suspension of operations is uncertain and will depend upon stabilization of the overall scenario and further directives of the Central Government. Given the uncertainty around the situation it is difficult to ascertain the impact of the pandemic (COVID-19) on the business operations of the Company at this point of time. We will inform the stock exchange(s) on further developments, if any, in the matter.26-03-2020