Chalet Hotels Limited has informed the Exchange with copy of the proceedings of Court Convened General Meeting held on May 13, 2025
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Chalet Hotels held a court-convened shareholder meeting on May 13, 2025, directed by the NCLT Mumbai Bench, to vote on a Scheme of Arrangement and Amalgamation. The proposed scheme involves the merger of Sonmil Industries Private Limited and The Dukes Retreat Private Limited (both Transferor Companies) into Chalet Hotels (Transferee Company), under Sections 230-232 of the Companies Act, 2013. The resolution was approved by equity shareholders with the requisite majority. Detailed voting results and the scrutiniser's report will be filed with NSE and BSE within the statutory timeframe. The meeting, conducted via video conference, was chaired by an NCLT-appointed chairperson, and e-voting concluded at 3:31 p.m.
This is a key regulatory milestone in the merger process. Shareholder approval moves the scheme closer to final NCLT sanction, which would formally bring Sonmil Industries and The Dukes Retreat under Chalet Hotels' umbrella — potentially expanding its hospitality portfolio, though the final outcome still depends on NCLT and other approvals.