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

Capstan Trading LLP has reported the release of pledges on a significant number of shares of Chalet Hotels Limited.

Key details include:

- The release involved 1,31,16,180 shares (6.00% of total share capital) linked to a facility from HDFC Bank, involving IDBI Trusteeship Services Limited as the security trustee.

- An additional 29,95,680 shares (1.37% of total share capital) were also released under a pledge with Axis Bank.

- This reflects a notable de-leveraging action that may enhance the company’s financial flexibility and reduce the encumbered shares in the promoter's holding, which as of the report stood at 67.42% of total share capital, with 31.93% already encumbered.

Investors may view this positively, as the reduction in pledging could signal increased confidence from the promoters and potentially improve liquidity in the market.