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Chalet Hotels

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This is with reference to the article published in the Business Standard today i.e. Monday October 21, 2019 under the caption Chalet Hotels in talks to buy Accors Novotel. In this connection, we wish to inform you that the aforesaid article is speculative. In line with its stated strategy, the Company evaluates various opportunities for acquisitions on an ongoing basis and it is pertinent to note that the Company has looked at acquisition opportunities in the past, which have not resulted in any definitive conclusion. The Company does not deal with anything speculative and as and when any opportunity reaches definitive stage, appropriate announcements would be made, in compliance with the obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our agreements with the stock exchanges. You are requested to take the same on record. For Chalet Hotels Limited Sd/- Christabelle Baptista Company Secretary & Compliance Officer

4.50 PM Oct 21st
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