Lemon Tree Hotels terminates Hotel Operating Agreement for Tarudhan Valley, Manesar
Lemon Tree Hotels Limited has mutually terminated its Hotel Operating Agreement and License Agreement for the 'Lemon Tree Hotel, Tarudhan Valley, Manesar'. The termination, effective April 30, 2026, follows agreements originally made on July 28, 2015. The company indicated no significant financial impact from this termination.
The company has stated that there is no significant financial impact from the termination of the agreement, suggesting a minimal effect on the company's overall operations or financial performance.
The termination of an operating agreement is a routine business event. The company explicitly stated there is no significant financial impact, thus it is considered neutral.
Lemon Tree Hotels Limited announced the mutual termination of the Hotel Operating Agreement and License Agreement concerning the hotel operated under the brand name “Lemon Tree Hotel, Tarudhan Valley, Manesar”. The agreements were originally executed on July 28, 2015, between M/s. Coronet Hotel Services and Supplies Pvt. Ltd. (Owner), M/s. Carnation Hotels Pvt. Ltd. (Operator), and the Company. The termination was effective as of April 30, 2026.
The company stated that there is no significant financial impact on Lemon Tree Hotels Limited arising from the termination of these agreements.
This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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