Advent Hotels International Ltd

Encumbrance release details

• Target: Advent Hotels International Limited (formerly Shiva Realtors Suburban Private Limited).
• Encumbrance: Release of pledge over promoter shares.
• Encumbered shares: 3,180,433 equity shares.
• Promoter group: Neelkamal Tower Construction LLP.
• Encumbrance in favour of: IDBI Trusteeship Services Limited for HDFC Limited.
• Reason: Loan facility to MIG (Bandra) Realtors & Builders Private Limited.
• Facility size: Not disclosed; repaid by borrower.
• Date of reporting: 19 August 2026.
• Post-release: Shares free of encumbrance.
• Impact: No current encumbrance on these promoter shares.
• Pledge extended under composite amalgamation scheme.

Dematerialisation/rematerialisation status

• The registrar confirmed processing of all dematerialisation requests during the period and listing on exchanges.
• Dematerialisation certificates were mutilated and cancelled after verification, with the depository's name substituted as owner within prescribed timelines.

Investment and JV structure

• Investment Agreement executed on 3 July 2026 among Advent Hotels, ACHIL, Prestige Estates, and Prestige Falcon.
• Prestige Estates will acquire 50% equity in ACHIL for Rs 504 crore, creating a 50/50 JV.
• Post-transaction, ACHIL ceases to be wholly-owned; Advent holds 50% economic and voting rights via JV.
• Project property is a land parcel in Sahar, Andheri East, Mumbai measuring 21,978.22 sq m.
• Transaction is subject to customary terms and conditions.

BDP acquisition details

• Target: BD and P Hotels (India) Private Limited (BDP), hotel and hospitality company in India.
• Purchase of 10,95,000 nine percent non-cumulative redeemable preference shares of Rs 100 each.
• Consideration: Rs 10,95,00,000 in cash via banking channel.
• Related party transaction; promoter group has interest in BDP.
• Advent holds 75% equity in BDP; post acquisition, 100% preference holdings.
• To secure proposed senior secured NCDs by BDP via pledge over the acquired preference shares.
• Not regulatory approvals required.
• Completion within 30 days, extendable with mutual consent.
• Industry: Hotel and Hospitality.
• Presence in India.
• Background: BDP incorporated 25 April 1997.
• Turnover last three years: FY26 Rs 102,36,74,576; FY25 Rs 98,52,74,448; FY24 Rs 79,57,20,052.

Advent Hotels International Ltd: Trading Window closed from 1st July 2026 for Unaudited Financial Results for the 1st Quarter and three months ending on 30th June, 2026; The Trading Window shall open 48 hours after the Unaudited Financial Results for the 1st Quarter and three months ending on 30th June, 2026 become generally made available in public domain