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Chalet Hotels informs about disclosure

Chalet Hotels has informed that the Company has arrived at a settlement with HAL in connection with cancellation of NOC for height permission in respect of its Residential Project at Koramangala, Bengaluru. This is a significant milestone towards resolution of the long-standing litigation and work on the project is expected to recommence in the near future.

The above information is a part of company’s filings submitted to BSE.