Chalet Hotels has announced the allotment of equity shares under its Employee Stock Option Plan (ESOP) 2022. The Compensation, Nomination and Remuneration Committee approved the allotment of 1,05,000 fully paid-up equity shares with a face value of ₹10 each to eligible employees on August 12, 2025.
The newly allotted equity shares will rank pari-passu with the existing equity shares of the company.
Following the allotment, the revised paid-up equity share capital of the company is as follows:
| Particulars | Pre-allotment | Post-allotment |
|---|---|---|
| Equity Shares of ₹10 each | 21,85,80,415 | 21,86,85,415 |
| Amount (₹) | 2,18,58,04,150 | 2,18,68,54,150 |
The company has confirmed that the issued shares are identical in all respects to the existing shares and rank pari-passu with them. The details of the allotment, as required by Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, are provided in Annexure I. Additional details pursuant to Regulation 30 of the Listing Regulations, read with Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are attached as Annexure II.
Details of ESOP 2022 Allotment:
| Particulars | Details |
|---|---|
| Company Name | Chalet Hotels Limited |
| Registered Office | Raheja Tower, Plot No. C-30, Block G, Next to Bank of Baroda, Bandra Kurla Complex, Bandra East, Mumbai 400051 |
| Stock Exchanges | National Stock Exchange of India Limited, BSE Limited |
| Filing Date | June 22, 2022 |
| Filing Number | NSE - 2022062071744, BSE – 4169485 |
| Scheme Title | CHL Employee Stock Option Plan 2022 |
| Security Type | Equity Shares |
| Par Value | ₹10 per share |
| Date of Issue | August 12, 2025 |
| Number of Shares Issued | 1,05,000 Equity Shares |
| Distinctive Numbers | 218580416 to 218685415 |
| ISIN | INE427F01016 |
| Exercise Price | ₹292 |
| Premium | ₹282 |
| Total Shares After Issue | 21,86,85,415 |
| Total Share Capital After Issue | ₹2,18,68,54,150 |
Additional Details of ESOP 2022:
| Particulars | Details |
|---|---|
| Options Granted | 12,17,831 Employee Stock Options |
| Covered by SEBI Regulations | Yes |
| Total Shares Covered | 12,17,831 Equity Shares |
| Pricing Formula | Average of the closing share price of the last 30 trading days as of April 20, 2022 |
| Exercise Period | Up to a maximum period of five years from the date of Vesting of the Options. |
| Options Vested | 11,11,396 |
| Options Lapsed | 1,06,435 |
| Options Exercised | 7,96,288 |
| Total Shares Arising from from Option Exercise | 1,05,000 |
| Money Realized | ₹3,06,60,000 |
| Diluted Earnings Per Share (Standalone) | ₹9.35 |
| Diluted Earnings Per Share (Consolidated) | ₹9.28 |
The details of significant terms include eligibility criteria and vesting conditions, which are subject to continued employment and potentially certain performance criteria. The scheme is administered by the Compensation, Nomination and Remuneration Committee.
Christabelle Baptista, the Company Secretary and Compliance Officer, confirmed the release of this information.
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