NSEPress Release23 Oct 2026 · 23 Oct 2026, 09:58 pm

Press Release

Lemon Tree Hotels Limited · LEMONTREE

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Lemon Tree Hotels Limited has signed a License Agreement for Keys Lite by Lemon Tree Hotels, Bhilwara, a 63-room hotel in Rajasthan, managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

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Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10

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Full Announcement

Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "The Company has signed a License Agreement viz. Keys Lite by Lemon Tree Hotels, Bhilwara".

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LEMONTREE_23102026215733_Intimation_Bhilwara.pdf

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October 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Name of Scrip: LEMONTREE BSE Scrip Code: 541233 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Press Release Dear Sir/ Madam, We would like to inform you that the Company has signed a License Agreement viz. Keys Lite by Lemon Tree Hotels, Bhilwara. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This hotel will feature 63 well-appointed rooms, a restaurant, banquet, fitness centre, meeting/conference room and other public areas. Please find attached herewith the copy of the press release in this regard. You are requested to take the above information on your record. Thanking You For Lemon Tree Hotels Limited Pawan Kumar Kumawat Company Secretary & Compliance Officer M. No: A25377 Encl. as above 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 SIGNS KEYS LITE BY LEMON TREE HOTELS, BHILWARA With this addition, the Group will have 14 operational and 10 upcoming hotels in Rajasthan. New Delhi, 23rd October, 2026: Lemon Tree Hotels Limited has announced the signing of Keys Lite by Lemon Tree Hotels, Bhilwara, further strengthening its presence in Rajasthan. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. An important commercial centre in Rajasthan, Bhilwara is known for its textile industry and growing business activity. The city also provides access to the region’s cultural and heritage attractions, catering to both business and leisure travellers. The hotel will feature 63 well-appointed rooms, along with a restaurant, banquet facilities, meeting/conference room, a fitness centre and other public areas. The property will cater to the needs of business and leisure travellers, bringing the brand’s value-driven hospitality offering to the city. Commenting on the signing, Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, "Rajasthan continues to be an important growth market for us, defined by a strong mix of commercial dynamism and rich tourism. Bhilwara, a key textile and industrial centre, presents a natural opportunity for Keys Lite to cater to the rising demand for reliable, value-driven hospitality. This signing scales our footprint to 24 hotels in the state and underscores our focused approach to expanding across India’s key industrial hubs and emerging secondary markets." The hotel will be conveniently connected to key transport hubs. Bhilwara Railway Station is approximately 1.5 km from the property, while Maharana Pratap Airport, Udaipur, is approximately 148 km away. 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 as Jaipur, Udaipur, Kochi, and Indore – and with an international presence in Bhutan and Nepal – Lemon Tree Hotels delivers exceptional comfort, consistent quality, and a warm, refreshing experience. Since opening its first 49-room hotel in 2004, the group has grown to 270+ properties (operational and upcoming), becoming a trusted name in hospitality for both business and leisure travellers. For more information, please visit www.lemontreehotels.com and connect with us on Instagram, Facebook and LinkedIn. Media Contact: Isha Khanna +919716181670 | head_marketing@lemontreehotels.com