Lemon Tree Hotels (Lemon Tree) and Fleur Hotels (Fleur) today announced that their respective Boards of Directors have approved a Composite Scheme of Arrangement designed to simplify the group structure, enhance strategic focus, and unlock long-term value for shareholders. The Scheme is subject to customary regulatory and shareholder approvals. The proposed reorganization will create two clearly differentiated and complementary platforms: Lemon Tree Hotels, as a pure-play, asset-light hotel management and brand platform; and Fleur Hotels, a current subsidiary of Lemon Tree, as a large-scale growth oriented hotel ownership platform with development capabilities and an attractive pipeline. The Board of Directors further approved: Execution of a Share Purchase Agreement enabling Coastal Cedar Investment B.V., an affiliate of Warburg Pincus, to acquire the full 41.09% equity stake held by APG Strategic Real Estate Pool N.V. (APG) in Fleur; and Execution of a Shareholders` Agreement providing for a primary investment by Warburg Pincus of up to Rs 960 crore to be infused in tranches, to support the future growth of Fleur. This investment marks a renewed partnership between Warburg Pincus and Lemon Tree, following Warburg Pincus` earlier investment in the company in 2006, which supported Lemon Tree`s initial growth to become a prominent hotel brand and platform in India.The Scheme, to be implemented through a NCLT-approved process, will reorganise the group`s asset ownership and operating structure. The hotel assets currently owned by Lemon Tree will be transferred to Fleur, which will serve as the group`s exclusive asset ownership and development company. Fleur will lead the group`s all future hotel acquisitions and development, while Lemon Tree will transition to a fully asset-light model, focused on growing its hotel management, franchising and digital business. The Scheme will also result in a listing of Fleur`s shares on NSE and BSE.Powered by Capital Market - Live News

Net profit of Lemon Tree Hotels rose 16.73% to Rs 34.60 crore in the quarter ended September 2025 as against Rs 29.64 crore during the previous quarter ended September 2024. Sales rose 7.70% to Rs 306.28 crore in the quarter ended September 2025 as against Rs 284.37 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales306.28284.37 8 OPM %42.6845.98 - PBDT90.1580.04 13 PBT55.8345.26 23 NP34.6029.64 17 Powered by Capital Market - Live News

Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Mahoba, Uttar Pradesh. This property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. It will further strengthen the company`s presence in Uttar Pradesh, while catering to both business and leisure travellers for a fresh, vibrant, and value-driven experience. Powered by Capital Market - Live News

Lemon Tree Hotels launched its latest managed property, Lemon Tree Premier, Thiruvananthapuram. This launch marks another milestone in the brand`s expansion across southern India and further reinforces its presence in Kerala, where it has five operational properties. The hotel is located in Thiruvananthapuram, also known as Trivandrum, the capital city of Kerala. On the southwest coast of India, along the Arabian Sea coast, the city has a rich history, dating back to ancient times, and it serves as an important cultural, political, and educational centre in Kerala. It is famous for its rich cultural heritage, iconic Padmanabhaswamy Temple, and scenic beaches like Kovalam. It`s also a growing IT hub with Technopark and home to renowned educational and research institutions, blending tradition with modernity.Powered by Capital Market - Live News

Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live News