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

Cape Trading LLP has disclosed significant changes regarding the pledge of shares in Chalet Hotels Limited. The firm released a total of 1,31,16,180 shares, amounting to 6.00% of the company’s total equity, as collateral security for loans from HDFC Bank Limited and Axis Bank Limited through IDBI Trusteeship Services Limited. Promoter holding now reflects that 4,70,23,720 shares, or 31.93% of total promoter shareholding, remain encumbered post these transactions.

Investors should note that these activities, while reflecting a release of encumbrance, indicate ongoing financial obligations by key insiders, which may influence liquidity and control in the company.