Chalet Hotels Ltd has received approval from the Hon’ble National Company Law Tribunal for the Scheme of Arrangement and Amalgamation with its wholly-owned subsidiaries Belaire Hotels Private Limited and Seapearl Hotels Private Limited. The appointed date of the Scheme is April 1, 2020 and the Scheme will be effective upon the last date on which certified copy of the Order of Hon’ble NCLT is filed with the Registrar of Companies, Mumbai.