Lemon Tree Hotels Limited CC-Jun26.pdf · 2026-05-29
My first question was on our Fleur demerger timeline. Earlier, we had mentioned that merger will be completed 12 months in Jan. Now the slide mentions that it will take another 12 to 15 months for SEBI and other approvals. Can you just highlight the new timeline for the demerger?
Understood, sir. My second question was on the pro forma financials for the Lemon Tree standalone entity. We have reported 60% margins. My impression was that since the flow-through for the management fee income would be near 75% to 80% with 300 -odd Keys t hat will be under the lease model. Overall margin should be somewhere in the range of 70%. Can you just highlight why the margins are slightly at a lower end despite the asset -light portfolio? And where do you think this margin trajectory could go towards?