Press Release enclosed

August 5, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 (Equity) 976529 (Non-Convertible Debentures) Subject: Press Release - CHALET HOTELS EXPANDS GROWTH PIPELINE; MARKS ATHIVA’S ENTRY INTO HYDERABAD AND PUNE BUSINESS DISTRICTS Please find enclosed herewith a copy of the Press Release titled, ‘CHALET HOTELS EXPANDS GROWTH PIPELINE; MARKS ATHIVA’S ENTRY INTO HYDERABAD AND PUNE BUSINESS DISTRICTS’. We request you take the same on record. Thanking You. Yours faithfully, For Chalet Hotels Limited Christabelle Baptista Company Secretary and Compliance Officer Enclosed: As above Chalet Hotels Limited Regd. Off. : Raheja Tower, Plot No.C-30, Block ‘G’, Next to Bank of Baroda, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. Website: www.chalethotels.com Email: companysecretary@chalethotels.com Phone: +91-22-2656 4000 Fax: +91-22-2656 5451, CIN: L55101MH1986PLC038538 Press Release CHALET HOTELS EXPANDS GROWTH PIPELINE; MARKS ATHIVA’S ENTRY INTO HYDERABAD AND PUNE BUSINESS DISTRICTS Capital-efficient lease model with capex to be incurred by Chalet post-handover of the building Mumbai | August 05, 2026: Chalet Hotels Limited (‘Chalet’), a leading hospitality player in India, today announced the strategic addition of two new hotel developments to its pipeline. Set to operate under its own brand, ATHIVA®, these properties will add 150 keys in Hyderabad and 231 keys in Pune. The additions not only consolidate Chalet’s presence in two of India's most critical commercial hubs but also accelerate ATHIVA’s journey to becoming a prominent Pan-India premium lifestyle hospitality brand. The projects shall be leased from SPVs of Mindspace Business Parks REIT ('Mindspace REIT') under a long-term lease arrangement. The Hyderabad hotel involves the repurposing of an existing building owned by an SPV of Mindspace REIT. As regards the Pune hotel, Mindspace REIT will develop the building structure on a grey shell basis, while Chalet will undertake the balance scope including interior fit-outs. This structure ensures Chalet's capital expenditure gets deferred to the latter part of the development cycle. Furthermore, this move aligns with Chalet’s overarching strategy of embedding hospitality assets within large-scale business parks, unlocking captive demand from a vibrant mixed-use ecosystem while mitigating site- acquisition risks and expediting time-to-market. Details of both hotel properties Particulars Pune Hyderabad Proposed Brand/ ATHIVA® ATHIVA® Positioning Upper-Upscale Upper-Upscale This marks Chalet’s 4th hotel in Hyderabad This will be Chalet’s 2nd hotel in Pune – and entry into fast-growing Financial District demand driven by increasing concentration Strategic importance with high-quality demand driven by strong of GCCs, MICE, global HQ visits, & infrastructure connectivity and high GCC extended corporate stay concentration Room count (including 231 keys 150 keys standard rooms & suites) F&B outlets 3 3 Banquet space ~7,000 sq. ft. ~4,300 sq. ft. Warm Shell Grey shell Type of Lease (including the structure, façade and high- (including the structure without façade & Arrangement side MEP; conversion of existing office high-side MEP) building) Cost of fit-out Rs 10.8 million per key Rs 13.5 million per key Capex Timeline FY 2030/ FY2031 FY 2028/ FY2029 Launch Timeline FY 2031 FY 2029 On the announcement, Shwetank Singh, MD & CEO, Chalet Hotels said, "The announcement is a significant milestone for Chalet, and more importantly ATHIVA®, as it strengthens our growth pipeline. It helps us consolidate our position in deep markets of Pune and marks our entry into fast-growing Financial District of Hyderabad. This takes our total inventory, including pipeline (~2,036 keys), close to 5,500 keys – highlighting our growth trajectory. Chalet has evolved as a leading hospitality player with the current leg of growth witnessing rapid diversification and expansion with multiple projects being executed simultaneously. What makes this journey more exciting, for us, is the significant investment towards building and ramping-up our in-house brand – Athiva, as we move towards a hybrid-model with a growing number of self-operated properties and keys.” "These two transactions reflect how we're building an integrated portfolio. Grade A office remains our core business, but hospitality adds a stable, complementary income stream while making our campuses more vibrant and premium, which in turn strengthens tenant experience and retention, especially for GCCs seeking a true live-work-play environment. This transaction was structured to deliver long-term value for our unitholders." said Ramesh Nair, MD & CEO, Mindspace REIT. STRATEGIC EXPANSION OF GROWTH PIPELINE Safe Harbor This release has been prepared by Chalet Hotels Limited (CHL) and the information on which it has been based or derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and reasonable, neither CHL, nor any director or employee of CHL shall in any way be responsible for the contents. Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations, and which involve a number of risks and uncertainties, beyond the control of the Company, that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Chalet Hotels Limited may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. The Company also expects the media to have access to all or parts of this release and the management’s commentaries and opinions thereon, based on which the media may wish to comment and/or report on the same. Such comments and/or reporting maybe made only after taking due clearance and approval from the Company’s authorized personnel. The Company does not take any responsibility for any interpretations/ views/commentaries/reports which may be published or expressed by any media agency, without the prior authorization of the Company’s authorized personnel. This release does not constitute a sale offer, or any invitation to subscribe for, or purchase of equity shares. Strategic Fit With Chalet’s Business Strategy Large Concentrated Capital-efficient; Expansion of ATHIVA® Bets in Strong Micro- Mixed-Use Assets Value accretive Markets STRATEGIC IMPORTANCE • Entry of ATHIVA® into high- • 2nd hotel in Pune and 4th • Part of larger mixed-use • Reduced capex hotel in Hyderabad, both ecosystem with captive profile business districts requirement due to in the vicinity of existing demand efficient long-term lease • Helps position ATHIVA® as high-performing hotels model • State policies driving GCC a growing Pan-India premium lifestyle • Fast-growing commercial growth • Capex later in the hubs hospitality brand development cycle • High absorption of expediting time-to-market • Strong corporate demand commercial Grade A and improves return complemented by MICE o [Showing first 8,000 characters — download PDF for full document]