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Chalet Hotels Ltd.

BSE: 542399 Sector: Services
NSE: CHALET ISIN Code: INE427F01016
BSE 00:00 | 24 Apr 2020 Chalet Hotels Ltd
NSE 05:30 | 01 Jan 1970 Chalet Hotels Ltd

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OPEN 171.00
PREVIOUS CLOSE 170.10
VOLUME 3496
52-Week high 395.00
52-Week low 157.50
P/E 43.31
Mkt Cap.(Rs cr) 3,276
Buy Price 156.10
Buy Qty 10.00
Sell Price 161.75
Sell Qty 1.00
OPEN 171.00
CLOSE 170.10
VOLUME 3496
52-Week high 395.00
52-Week low 157.50
P/E 43.31
Mkt Cap.(Rs cr) 3,276
Buy Price 156.10
Buy Qty 10.00
Sell Price 161.75
Sell Qty 1.00

Chalet Hotels Ltd. (CHALET) - Chairman Speech


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Company chairman speech

A new chapter with a renewed vision

I am also happy to share that during financial year 2018-19 yourCompany entered the Rs. 1000+ crore club in terms of total income.

Ladies and Gentlemen

It gives me immense pleasure to present the 34th Annual Report of theCompany for the financial year 2018-19.

The Company successfully concluded its Initial Public Offering (IPO) inJanuary 2019 followed by listing ar 2018-19.of its shares on February 7 2019. Thisrepresents a major milestone in the evolution of the Company since the opening of yourCompany's iconic hotel property on the banks of Powai Lake Mumbai in 2001. Theequity shares of the Company are now actively traded on the National Stock Exchange ofIndia Limited and BSE Limited. I am also happy to share that during financial year2018-19 your Company entered the Rs. 1000+ crore club in terms of total income.

Notwithstanding the global events that impacted the year that went bythe Indian economy continued to deliver steady growth of around 7% much higher than theglobal economic growth. Further an air of reassurance has set in with the results of theElection being declared. With a majority government at the Centre and expectations oftangible policy reforms the next few years should augur well for business growth inIndia.

Over the past few years the industry has seen a positive movement inoccupancy levels complemented with moderate increase in room rates. Financial year 2018-19was a good year for the Hospitality sector. For your Company the room rates grew by 5%and the annual occupancy increased by ~300 basis points to 76% during the financial

Financial year 2018-19 was a good year for the Hospitality sector.

For your Company the room rates grew by 5% and the annual occupancyincreased by ~300 basis points to 76% during the financial

We are now moving forward with optimism and an enhanced vision ‘Tocreate extraordinary shareholder value through enduring experiences for our guestspartners and colleagues' supported by our values of - Integrity

Agility Efficiency Collaboration

Sustainable Development and Respect for Colleagues. On behalf of mycolleagues on the Board I extend my sincere gratitude for the continued support of allthe stakeholders. I am keenly looking forward to welcome all the new shareholders at ourfirst Annual

Meeting (AGM) post listing.

Hetal Gandhi

Chairman and Independent Director

OUR VISION

To create extraordinary shareholder value through enduring experiencesfor our guests partners and colleagues.

OUR VALUES

Our values are the basis on which we build a strong and shared cultureacross all aspects of the business

Integrity- Do the right thing

We uphold the highest standards of integrity in all of our actions.

Agility- Think Decide Act proactively

We strive to add value and inspire our customers because we recognisethat they come to us by choice

General

Efficiency-Transform optimally

We focus on results act with ambition to be operationally competitive

Collaboration- Work as one

We harness differences and interdependencies to unleash the power ofcollaboration

Sustainable Development-

We grow responsibly

Focus on growth tempered with respect owards the environment and localcommunities

Respect colleagues-

Recognising and enabling individual contribution and growth

We respect individual beliefs & diversity to provide a nurturingenvironment for our colleagues to grow


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