Chalet Hotels Limited has informed the Exchange about Redemption of 4,000, Series A - 0.00% Non-Cumulative, Non-Convertible Redeemable Preference Shares ( NCRPS ) having a face value of Rs.1,00,000 each at par aggregating to Rs.400 million out of the profits of the Company available for distribution
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Chalet Hotels has redeemed 4,000 Series A Non-Cumulative, Non-Convertible Redeemable Preference Shares on June 10, 2025. Each share had a face value of Rs.1,00,000, taking the total redemption amount to Rs.40 crore (Rs.400 million). The redemption was done at par, funded out of the company's distributable profits. The preference shares carried a 0.00% coupon, meaning they paid no dividend to holders.
This is a routine capital structure cleanup with no impact on equity shareholders. The Rs.40 crore outflow from profits is modest for the company and signals that Chalet Hotels has sufficient distributable profits to retire these instruments, simplifying its balance sheet.