Chalet Hotels Limited — Pledging, 25-03-2025: Pledge/Unpledge

Raghukool Estate Developement LLP has issued a disclosure regarding the release and creation of pledges on equity shares of Chalet Hotels Limited. The key details are as follows:

- **Entities Involved:** Raghukool Estate Developement LLP, IDBI Trusteeship Services Limited, and Axis Bank Limited.

- **Transactions:** A total of 1,31,16,180 shares (6.00% of total share capital) were released, and 29,95,680 shares (1.37%) were pledged as collateral security for facilities availed from Axis Bank and HDFC Bank.

- **Impact on Investors:** The release of shares may indicate improved credit standing or reduced leverage by promoters, potentially fostering investor confidence, while fresh pledging could be interpreted as continued borrowing by the promoters, signaling caution around the financial health.