LEELA PALACES HOTELS & RESORTS LIMITED, previously known as Schloss Bangalore Limited, has announced the incorporation of a new wholly owned subsidiary (WOS), signaling a strategic expansion within the luxury hospitality sector.
The announcement, filed with the stock exchanges on November 29, 2025, informs investors that the Company has incorporated “Leela Luxe Hotels & Resorts Private Limited” (“Leela Luxe”).
The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation for the new entity on November 28, 2025.
The primary objective for incorporating Leela Luxe is to own, operate, manage, and develop luxury hotels and resorts under the established “The Leela” brand. The entity belongs to the Hotels and Resorts industry.
For investors monitoring the stock (listed under Scrip Code- 544408 on BSE and Symbol- THELEELA on NSE), the details confirm the full control retained by the parent company.
Leela Palaces Hotels & Resorts Limited holds 100% of the share capital of Leela Luxe, alongside its nominee shareholders.
Financial and Operational Snapshot:
Leela Luxe is newly incorporated in India and registered with the Registrar of Companies, Delhi. The financial structure at incorporation includes:
- Authorised share capital: INR 5,00,000/-.
- Paid up share capital: INR 1,000/- (Indian Rupees One Thousand Only).
The incorporation was achieved via a 100% subscription to the share capital in cash, corresponding to the initial paid-up capital of INR 1,000/-.
As the subsidiary was incorporated recently, on November 28, 2025, it is yet to commence its business operations. Consequently, the turnover for the financial year 2024-25 is noted as “Not Applicable”.
The company also noted that the intimation pertains to incorporation, not an acquisition, and thus requirements regarding related party transactions or governmental approvals are not applicable in this filing.
This disclosure was signed by Jyoti Maheshwari, Company Secretary and Compliance Officer (Membership No.: A24469), on behalf of Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited).
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