Chalet Hotels Limited — Others, 25-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Chalet Hotels Limited reported that the proceeds from its recent Qualified Institutions Placement (QIP) have been utilized according to the stated objectives, with no deviations. The Audit Committee reviewed the utilization statement, confirming alignment with the Placement Document. Additionally, a Monitoring Agency Report from CRISIL Ratings Limited was presented to both the Audit Committee and the Board, affirming proper fund management for the quarter ended September 30, 2024. Full details are available on the company's website.