Certain Equity Shares of Chalet Hotels Limited are subject to a Lock-Up Agreement Ending on 2-JUN-2024. These Equity Shares will be under lockup for 60 days starting from 3-APR-2024 to 2-JUN-2024.

Details:
Under the Placement Agreement, our Promoters agree that, without the prior written consent of the BRLMs, they shall not, announce any intention to enter into any transaction whether any such transaction which is to be settled by delivery of Equity Shares, or such other securities, in cash or otherwise, during the period commencing on the date hereof and ending 60 days from the date of the Placement Document (both dates inclusive) (?Lock-up Period?).

Equity Shares being Allotted pursuant to this Issue shall not be sold for a period of one year from the date of Allotment, except on the floor of the Stock Exchanges.