Chalet Hotels Limited — Others, 24-10-2024: ESOP/ESOS/ESPS

Chalet Hotels Limited has approved the grant of 146,141 employee stock options under the CHL Employee Stock Option Plan 2023. These options will be available for eligible employees and are convertible into equity shares. The exercise price will be determined based on the average closing share price over the two weeks prior to the grant date. The options can be exercised within a maximum period of five years from the vesting date, subject to employee performance criteria.