Chalet Hotels: Board Meeting Outcome for Outcome Of The Board Meeting Held On February 23 2026

Pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations this is to inform you that the Board of Directors of the Company at its meeting held today i.e. on February 23 2026 has inter-alia considered and approved development of a proposed ~330 room Luxury Hotel along with commercial/retail space of ~36 255 sq. ft. at Madhapur in Hyderabad. The envisaged Hotel is being developed as part of a building premises which will be availed on a warm shell lease. Once operational this shall be the Companys third hotel at Hyderabad.The details as required pursuant to Regulation 30 of the Listing Regulations read with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30 2026 in this respect are enclosed as an Annexure to this letter.The meeting of the Board of Directors of the Company commenced at 4.00 p.m. and concluded at 4.25 p.m.