BSECompany Update7 Aug 2026 · 7 Aug 2026, 10:32 pm
Intimation of Grant of SAR units under LTHL Stock Appreciation Rights Scheme - 2024
Lemon Tree Hotels Ltd · 541233
✦ AI Summary
Lemon Tree Hotels Ltd has informed the exchange about the grant of 25,25,000 Stock Appreciation Rights Units under LTHL Stock Appreciation Rights Scheme - 2024 to eligible employees. The SAR Units will be exercisable within 1 year from the vesting date and will be settled through the direct route for extending benefits to employees.
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Full Announcement
Lemon Tree Hotels Ltd - 541233 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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August 7, 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
Subject: Intimation of Grant of SAR Units under LTHL Stock Appreciation
Rights Scheme – 2024
Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sir/ Madam,
This is to inform that pursuant to the provisions of the Regulation 30 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Nomination and Remuneration Committee (“Committee”) of the
Company at its meeting held today i.e. August 7, 2026 approved the grant of 25,25,000
(Twenty Five Lakhs Twenty Five Thousand only) Stock Appreciation Rights Units (“SAR
Units”) under LTHL Stock Appreciation Rights Scheme – 2024 (“Scheme”).
The relevant disclosures, as required under Regulation 30 of the SEBI (LODR)
Regulations, 2015, pursuant to SEBI master circular no. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, are as under:
Sl. Particulars Details
1. Name of the Scheme LTHL Stock Appreciation Rights Scheme - 2024
2. Brief details of SAR Units granted Grant of 25,25,000 (Twenty Five Lakhs Twenty
Five Thousand only) SAR Units to eligible
employees.
3. Whether the Scheme is in terms Yes
of SEBI (SBEB & SE)
Regulations, 2021 (if applicable)
4. Total number of shares covered In the present tranche of grant of SAR units
by these SAR Units total number of Shares to be issued and
allotted upon exercise will be calculated as
follows:
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
Number of Shares to be allotted =
(Appreciation per SAR x Number of SAR units
exercised) / Market Price with reference to date
of exercise.
5. Pricing Formula SAR Price means the closing price on the stock
exchange having higher trading volume on the
date immediately prior to the grant date.
Accordingly, SAR Price is Rs. 112.79/- Per SAR
Unit.
6. SAR Units Vested Not Applicable.
7. Time within which SAR Unit may The vested SAR Units can be exercised by
be exercised Grantees within the exercise period which shall
be 1 (One) year from the vesting date.
8. SAR Units exercised Not Applicable
9. Money realized by exercise of Not Applicable
SAR Units
10. The total number of Shares Please refer 4 above
arising as a result of exercise of
SAR Unit
11. SAR Units lapsed Not Applicable
12. Variation in terms of SAR Units Not Applicable
13. Brief details of significant terms The Scheme is administered by the Nomination
and Remuneration Committee.
The Scheme shall be implemented through
direct route for extending the benefits to
Employees wherein the Company will settle
and distribute the Appreciation by allotment of
Shares in accordance with the Scheme.
The grant of SAR Units is based upon the
eligibility criteria as mentioned in the Scheme.
Vesting period shall commence after minimum
2 (Two) years from the grant date and shall
not exceed the maximum period of 8 (Eight)
years from the effective date of the Scheme
subject to achievement of milestones as
mentioned in the Scheme.
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
The vested SAR Units can be exercised by
Grantees within the exercise period which shall
be 1 (One) year from the vesting date.
14. Subsequent changes or Not Applicable
cancellation or exercise of such
SAR Units.
15. Diluted earnings per share Not Applicable
pursuant to the issue of equity
shares on exercise of SAR Units.
This is for your information and record please.
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