KAMATHOTEL2025-06-19KAMATHOTEL2025-06-192025-06-19iso4217:INRxbrli:pureKAMATHOTELKamat Hotels (I) LimitedNewAcquisition (including agreement to acquire)2025-06-192025-06-19Kamat Hotels (I) LimitedListed Entity (self)Ilex Developers & Resorts Limited1863800008890000185330000falsetrueDr. Vithal Venketesh Kamat, Executive Chairman & Managing Director of Kamat Hotels (India) Limited ("KHIL"), is a Shareholder in both KHIL & Ilex Developers & Resorts Limited ("ILEX"), and also serves as a Board Member of ILEX. Further, the parties to the Shareholders Arrangement Agreement, i.e. principal shareholders of ILEX are part of the promoter group of KHIL.trueHotel IndustryTo Centralize and effectively manage ILEX under KHIL, and in view of the leadership and contribution of Dr. Vithal Venketesh Kamat, Executive Chairman & Managing Director and Promoter of KHIL, the Shareholders of ILEX have mutually decided to delegate control to KHIL. Based on the control acquired through SAA, ILEX will become a Subsidiary of KHIL for accounting purposes.NAfalseThe Shareholders Arrangement Agreement is executed on June 19, 2025OthersThere is no consideration; this is purely delegation of control by principal shareholders00.3292ILEX is a Company incorporated in India under the provisions of the Companies Act, 1956, on July 02, 2008. ILEX is engaged in the business of Hotels and Hospitality and the main object of ILEX is to carry on the business in all the segments of hospitality and restaurant / eateries / hotel industry and to build, own, lease, develop, manage, run, operate restaurant / eateries / hotel, etc. In earlier submissions ILEX was considered as Joint Venture of KHIL pursuant to Section 2(6) of the Companies Act, 2013, read with Regulation 2(1)(b) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Further, pursuant to the delegation of control through execution of the SAA dated June 19, 2025, ILEX is now considered as the Subsidiary of KHIL in accordance with the provisions of Section 2(87)(i) of the Companies Act, 2013, read with Regulation 2(1)(zm) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. 2008-07-02IndiaThe arrangement pertains solely to delegation of control without any monetary consideration involved / transfer or resources or exchange of goods / services; accordingly, the transaction does not trigger the test of “arm’s length” under applicable accounting or regulatory frameworks. However, for the purpose of validating the file it is mandatory to select either "Yes/No" in cell "F24", therefore Company has selected 'Yes' in the above mentioned cell.