NSEPress Release28 Jul 2026 · 28 Jul 2026, 06:32 pm

Press Release

Lemon Tree Hotels Limited · LEMONTREE

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Lemon Tree Hotels Limited has signed a license agreement to operate a new hotel, Keys Select by Lemon Tree Hotels, Panthpiplai, Ujjain, in Madhya Pradesh, its 15th property in the state.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment6/10

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Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated July 28, 2026, titled "The Company has signed a License Agreement viz. Keys Select by Lemon Tree Hotels, Panthpiplai, Ujjain".

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LEMONTREE_28072026183200_Intimation_Press_Release.pdf

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July 28, 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 Select by Lemon Tree Hotels, Panthpiplai, Ujjain in Madhya Pradesh. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The Hotel will feature 51 well-appointed rooms, a restaurant, a banquet hall, meeting/conference room, a swimming pool and fitness center. Please find attached herewith the copy of the press release in this regard. You are requested to take the above information in 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 ANNOUNCES THE SIGNING OF A NEW PROPERTY ALONG THE INDORE-UJJAIN HIGHWAY WITH KEYS SELECT BY LEMON TREE HOTELS, PANTHPIPLAI Strengthens Lemon Tree Hotels' presence in Madhya Pradesh with its 15th property New Delhi, 28th July, 2026: Lemon Tree Hotels Limited, one of India's leading hospitality companies, today announced the signing of Keys Select by Lemon Tree Hotels, Panthpiplai, Ujjain in Madhya Pradesh. The property will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. This signing takes the group's portfolio in Madhya Pradesh to 15 properties, comprising three operational hotels and 12 upcoming properties, as it continues to strengthen its presence across the state's key commercial and pilgrimage markets. Situated directly on the Indore–Ujjain Road, the property is strategically positioned to benefit from the economic strength of Indore, the state's commercial capital, alongside the strong appeal of Ujjain, one of India's most prominent spiritual destinations. The location offers the potential to serve a diverse mix of demand generated by the two cities. The upcoming hotel will feature 51 well-appointed rooms, a restaurant, a banquet hall, meeting/conference hall, a swimming pool and fitness centre. This full-service midscale hotel will be well suited to the needs of travellers seeking convenient access between Indore and Ujjain. Commenting on the signing, Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, “Panthpiplai presents a compelling opportunity, with Ujjain seeing significant investment in infrastructure and tourism, building on its long-standing importance as one of India's foremost spiritual destinations. Its proximity to Indore, a major commercial and industrial centre, further strengthens the location's potential. As a trusted midscale brand, Keys Select by Lemon Tree Hotels is well suited to this market, offering guests a dependable, comfortable and contemporary stay at the right value. With Simhastha 2028 further elevating Ujjain's profile and continued infrastructure development strengthening connectivity, we see strong potential for the hotel and the market in the years ahead.” The hotel location offers excellent road connectivity, linking efficiently to major regional transport hubs. Devi Ahilyabai Holkar Airport (Indore) is approximately 41 km from the property, while the Ujjain Junction Railway Station is located 18.5 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, visit www.lemontreehotels.com Media Contact: Isha Khanna +919716181670 | head_marketing@lemontreehotels.com