Pursuant to Regulation 30 of the Listing Regulations, please find enclosed herewith, Corrigendum dated July 29, 2025 in connection with the AGM Notice dated June 20, 2025, which was circulated to the shareholders of the Company on July 15, 2025. The same pertains to Resolution at Item No. 5 of the Notice and Explanatory Statement in respect thereof.
CHALET · price
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Chalet Hotels has issued a corrigendum dated July 29, 2025 to the 40th AGM Notice (originally circulated on July 15, 2025). The correction applies to Item No. 5, which relates to the appointment of Mr. Manish Chokhani (DIN: 00204011) as an Independent Director for a five-year term. The resolution type has been changed from an Ordinary Resolution to a Special Resolution, as required under SEBI's Listing Regulations (Regulation 25(2A)) for independent director appointments. The explanatory statement has also been updated to reflect this change. All other items and content of the original AGM Notice remain unchanged. The corrigendum is available on the company's website and stock exchange websites.
This is a procedural correction with no change in the substance of the appointment, but shareholders should note that the resolution now requires a higher approval threshold (75% majority for a Special Resolution versus a simple majority for an Ordinary Resolution). It is unlikely to materially affect the stock price.