Leela Palaces Hotels & Resorts Incorporates Wholly Owned Subsidiary, Leela Essence Hospitality
Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) has announced the incorporation of its wholly owned subsidiary, "Leela Essence Hospitality Private Limited". The Mi...
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Why is Leela Palaces Hotels & Resorts Limited in the news today?
Leela Palaces Hotels & Resorts Limited (THELEELA) is in the news due to the announcement is a routine corporate action of incorporating a subsidiary, with no immediate financial impact or strategic shift that would warrant a positive or negative sentiment.
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Leela Palaces Hotels & Resorts Incorporates Wholly Owned Subsidiary, Leela Essence Hospitality
December 22, 2025, 05:45 PM
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Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) has announced the incorporation of its wholly owned subsidiary, "Leela Essence Hospitality Private Limited". The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on December 22, 2025.
Leela Essence Hospitality Private Limited has an authorized share capital of ₹5,00,000 and a paid-up share capital of ₹1,000. As it was incorporated on December 22, 2025, and has yet to commence commercial operations, its turnover for FY 2024-25 is not applicable.
The main object of the new subsidiary is to own, operate, manage, and develop luxury hotels and resorts under "The Leela" brand. The company has subscribed to 100% of the share capital in cash, amounting to ₹1,000. Leela Essence is incorporated in India and registered with the Registrar of Companies, Delhi, on December 22, 2025.
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