LEELA PALACES INCORPORATES NEW SUBSIDIARY FOR DEVELOPING LUXURY HOTELS AND RESORTS

has incorporated Leela Imperial Suites Private Limited as a wholly owned subsidiary. This new entity will focus on owning, operating, managing and developing luxury hotels and resorts under "The Leela" brand, representing a strategic expansion in the hospitality sector. This incorporation represents a continuation of Leela Palaces Hotels & Resorts Limited's core business activities in the hospitality sector. The subsidiary will operate within the same industry vertical as its parent company, focusing specifically on luxury accommodation services. DIIs have increased stake in the company from 9.94% in Jun25 to 11.08% in Sept25. This increase in stake shows the confidence that DIIs have on the company.