Lemon Tree Hotels Limited — Important, 28-11-2024: Updates

Lemon Tree Hotels has executed a termination agreement for the Hotel Operating and License Agreement with STOA Hospitality and Carnation Hotels Pvt. Ltd. The termination will become effective on January 15, 2025. Notably, this decision is not expected to significantly impact the company’s net worth, suggesting a stable financial position despite the operational change. Investors should monitor this development closely as it may influence future strategic decisions and hotel management dynamics.