Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication in respect of the Meeting of the Equity Shareholders of the Company scheduled to be held on Tuesday, May 13, 2025 at 3.00 p.m. (IST), pursuant to an Order dated March 18, 2025 passed by the Hon ble National Company Law Tribunal and in compliance with relevant MCACirculars, in respect of the Scheme of Arrangement and Amalgamation amongst Sonmil Industries Private Limited, The Dukes Retreat Private Limited and Chalet Hotels Limited and their respective Shareholders and Creditors
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Chalet Hotels has published a notice in newspapers informing equity shareholders about an upcoming meeting scheduled for Tuesday, May 13, 2025 at 3:00 p.m. IST. The meeting is being held following an order passed on March 18, 2025 by the National Company Law Tribunal (NCLT). The purpose is to seek shareholder approval for a Scheme of Arrangement and Amalgamation involving three companies: Sonmil Industries Private Limited, The Dukes Retreat Private Limited, and Chalet Hotels Limited. The notice also complies with relevant MCA (Ministry of Corporate Affairs) circulars. The scheme covers the companies and their respective shareholders and creditors. This newspaper advertisement is a standard procedural step required under company law before such shareholder meetings can take place.
This is a regulatory formality ahead of the shareholder vote on the proposed amalgamation. Shareholders should watch for the outcome of the May 13 meeting, as approval could reshape Chalet Hotels' corporate structure and potentially affect its stock in the short term.