Lemon Tree Hotels Ltd - 541233 - Outcome Of The Board Meeting
A copy of Audited financial results(Standalone & Consolidated) for the quarter & year ended March 31, 2019 and Auditor's Report on Financial Results (Standalone & Consolidated) as required under Regulation 33 of SEBI (LODR) Regulations, 2015, alongwith Investor presentation are enclosed herewith. We further inform that Company is launching an upscale brand 'Aurika Hotels & Resorts'. The first hotel under this brand will open in Udaipur as 'Aurika, Udaipur' (which was earlier proposed as Lemon Tree Premier, Udaipur). The Company also intends to use the brand name 'Aurika' for the upcoming Hotel at MIAL, Mumbai.Further, we are pleased to inform that the Company''s wholly owned subsidiary Company "Meringue Hotels Private Limited"(Meringue) has received Occupancy Certificate from Municipal Corporation of Greater Mumbai for its hotel located at Andheri East, Mumbai, Maharashtra and the Hotel is expected to open under Company''s brand "Lemon Tree Premier" in June, 2019.29-05-2019