Press Release- Lemon Tree Hotels Expands Mumbai Footprint; Acquire Land to Develop Lemon Tree Premier in Bandra (East)

September 24, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – 400 001 Name of Scrip: LEMONTREE BSE Scrip Code: 541233 Subject: Intimation regarding completion of acquisition of land parcel in Bandra (East), Mumbai by Fleur Hotels Limited, a material subsidiary of the Company Ref: Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, With reference to our earlier disclosure dated September 18, 2026 regarding the acquisition of a land parcel in Bandra (East), Mumbai for the development of a hotel, we would like to inform you that Fleur Hotels Limited (“FHL”), a material subsidiary of the Company, has completed the registration of Deed of Conveyance and other related documents for the acquisition of the aforesaid land on September 24, 2026. Further, details in accordance with SEBI LODR read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure-A Please find attached herewith the copy of the press release in this regard. The above information is also available on the website of the Company at www.lemontreehotels.com Kindly take the above on your records. Thanking You For Lemon Tree Hotels Limited Pawan Kumar Kumawat Company Secretary & Compliance Officer M. No: A25377 Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com Annexure-A S. No Particulars Details 1. Name(s) of parties with whom the Asara Co-Operative Housing Society agreement is entered; Limited, Nine Dimensions Housing LLP and others. 2. Purpose of entering into the Acquisition of land with all entitlements agreement; and benefits in relation thereto, admeasuring about 989.30 square meters in Bandra (East), Mumbai for the development of a hotel. 3. Size of agreement; Total consideration of Rs. 120 Crores (exclusive of Stamp Duty and Registration charges) for the said acquisition. 4. Shareholding, if any, in the entity Nil with whom the agreement is executed; 5. Significant terms of the agreement Acquisition of land with all entitlements (in brief) special rights like right to and benefits in relation thereto, appoint directors, first right to share admeasuring about 989.30 square subscription in case of issuance of meters in Bandra (East), Mumbai for shares, right to restrict any change in consideration of Rs. 120 Crores. capital structure etc.; 6. Whether, the said parties are related No to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 7. Whether the transaction would fall No within related party transactions? If yes, whether the same is done at “arm’s length”; 8. In case of issuance of shares to the Not Applicable parties, details of issue price, class of shares issued; 9. In case of loan agreements, details of Not Applicable lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis; 10. Any other disclosures related to such Not Applicable agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; 11. In case of termination or amendment Not Applicable of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof. Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com LEMON TREE HOTELS EXPANDS MUMBAI FOOTPRINT; ACQUIRES LAND TO DEVELOP LEMON TREE PREMIER IN BANDRA (EAST), ADJOINING BANDRA KURLA COMPLEX, MUMBAI Fleur Hotels Limited has acquired a land parcel in Bandra (East) to develop an upscale full service hotel, of approximately 172-keys, marking the Group’s 7th property in Mumbai New Delhi, September 24, 2026 – Lemon Tree Hotels Limited today announced that its material subsidiary, Fleur Hotels Limited, has acquired a strategically located land parcel in Bandra (East) adjoining Bandra Kurla Complex, Mumbai to develop a hotel under the “Lemon Tree Premier” brand. The proposed hotel will comprise of approximately 172 keys and is planned as an upscale full-service property catering to the growing demand from the business travelers, MICE, leisure and social segment demand in the city. Located in Bandra, along the Western Express Highway, adjoining Bandra Kurla Complex, one of Mumbai's key commercial, residential and lifestyle hubs, the hotel will offer contemporary rooms and suites, all-day dining, fitness centre and swimming pool facilities. It will be the Group's 7th property in Mumbai, extending Lemon Tree Hotels' presence across key micro-markets in India's commercial capital. Highlights: • Strategic Mumbai Presence: Further strengthens Lemon Tree Hotels’ presence in one of India’s key commercial and hospitality markets. • Prime BKC Location: The proposed hotel will be located in Bandra (East), along the Western Express Highway, adjoining Bandra Kurla Complex, a prominent business, residential and lifestyle destination with strong connectivity to key commercial and social hubs. • Scale & Capacity: Approximately 172 well-appointed rooms and suites. • Full-Service Amenities: The hotel will offer contemporary accommodation, all-day dining, fitness centre and swimming pool facilities. Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Limited said, "Mumbai is a collection of high-yield, distinct micro-markets. Expanding to seven properties in the city, with our first development in Bandra, aligns directly with our strategy of building cluster-level market density. The upcoming Lemon Tree Premier, Bandra, Mumbai will bridge crucial business corridors like Bandra Kurla Complex (BKC) and the vibrant social hub of Bandra. This strategic land acquisition reflects our deliberate focus on securing high-impact urban sites and expanding our premium footprint in top-tier markets." ABOUT LEMON TREE HOTELS LIMITED Lemon Tree Hotels Limited (LTHL) is one of India's leading hospitality companies, catering to a wide range of customers – from value-conscious travellers to premium business and leisure seekers. With seven distinct brands – Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite – the group offers experiences across upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual segments. LTHL operates 130+ hotels across 80+ cities in India and abroad, with a growing pipeline of 140+ upcoming properties. From metro hubs like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad to tier II & III cities such [Showing first 8,000 characters — download PDF for full document]