Lemon Tree Hotels Limited — Important, 26-11-2024: Updates

The Hotel Operating Agreement and License Agreement for Aurika, Coorg between STOA Hospitality and Carnation Hotels Pvt. Ltd. have been mutually terminated. This agreement, executed in 2017, is not expected to significantly impact Lemon Tree Hotels' net worth. The termination reflects a strategic decision, aligning with the company's operational adjustments. Investors should monitor the situation closely as it may indicate shifts in management focus or future business strategies.