Praveg Ltd

Praveg Limited trading window closed from October 1, 2026 for the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, and shall remain closed till 48 hours after the declaration of such results.

AGM Details

• AGM held on 25 September 2026; voting via remote e-voting and at meeting.
• Record date for voting: 18 September 2026.
• Total shareholders on record date: 43,172.
• Mode of voting: remote e-voting and e-voting at the Meeting.

Resolutions and outcomes

• Resolution 1: Adopt standalone and consolidated financial statements; ordinary; passed.
• Resolution 2: Declare final dividend for FY2026; ordinary; passed.
• Resolution 3: Re-appointment by rotation of Vishnukumar Patel as Director; ordinary; passed.
• Resolution 4: Re-appointment by rotation of Alpeshkumar Patel as Director; ordinary; passed.
• Resolution 5: Continuation of Rajendrakumar Patel as non-exec ID beyond age 75; special; passed.

Dividends

• Final dividend for FY2026 approved.

Director changes

• Vishnukumar Patel reappointed by rotation.
• Alpeshkumar Patel reappointed by rotation.
• Rajendrakumar Patel continued as Non-Executive Independent Director beyond 75.

AGM Details

• 31st AGM held Sep 25, 2026 via VC/OAVM from 12:30 to 01:02 IST.
• Remote e-voting ran Sep 22–24, 2026; Scrutinizer appointed.
• Record date for voting: Sep 18, 2026.
• Live webcast of proceedings provided.
• Quorum observed.

Resolutions

• Adopt standalone and consolidated financial statements for year ended Mar 31, 2026.
• Declare final dividend of Rs 0.50 per equity share.
• Appointment of Vishnukumar Vitthaldas Patel (DIN 02011649), retiring by rotation.
• Appointment of Alpeshkumar Parshottambhai Patel (DIN 00074091), retiring by rotation.
• Continuation of Rajendrakumar Chaturbhai Patel as non-exec independent director beyond age 75.

Dividend

• Final dividend of Rs 0.50 per equity share declared.

Director changes

• Vishnukumar Patel appointed as director, retiring by rotation.
• Alpeshkumar Patel appointed as director, retiring by rotation.
• Rajendrakumar Patel to continue as independent director beyond age 75.

Voting and outcomes

• Voting results to be disseminated to stock exchanges and NSDL.

Secretarial Auditor Change

• Secretarial audit firm renamed from ALAP & Co. LLP to Prasad and Partners LLP; terms unchanged.

Order details

• Awarding entity: Tourism Corporation of Gujarat Limited (TCGL), a domestic government undertaking.
• Contract scope: development, erection, furnishing, and operation of rest shelter facilities for SOU area.
• Contract value: INR 12,99,61,000 plus GST.
• Execution period: 13 days, Oct 20–Nov 1, 2026.
• Domestic nature: awarded by a domestic entity.
• Related party: No promoter/group interest; not an RPT.
• Significant terms: rest shelter setup, infrastructure, and operating services.
• Strategic impact: strengthens integrated event infrastructure capabilities and Gujarat tourism engagement.
• GST: applicable GST to be added.

Dividend record date

• Record date fixed as Friday, September 18, 2026.
• Dividend: Rs 0.50 per equity share (5%).
• Entitlement subject to shareholders' approval at the AGM.
• Dividend payment on or after September 28, 2026, if declared.
• Security: equity shares of Praveg Ltd.

Overview

• Standalone BRSR for FY2025-26; Praveg Limited operates hotels and event services in India.
• Turnover mix: 68% accommodation and 32% events/exhibitions.
• Standalone reporting boundary; 17 hotels across 3 states and 2 union territories.
• BRSR and integrated report accessible on the company website.

Key ESG Risks & Opportunities

• Data privacy and cybersecurity pose material risk; mitigated by privacy policy and access controls.
• Customer satisfaction and food quality present opportunities; no quantified financial impact disclosed.
• Employee health and safety seen as opportunities through training and safety programs.
• Waste management and environmental stewardship provide opportunities; no specific financial figures disclosed.

Governance & Policy Highlights

• No dedicated sustainability committee; governance via board-level ESG policy framework.
• Policies include Code of Conduct, Whistleblower, anti-bribery, and human rights considerations.
• Board approval status varies; some policies approved, others not.
• Policies translated into procedures; emphasis on IT security.
• Assurance: Not applicable; no external assurance.
• No penalties or fines reported during FY2025-26.

Social Responsibility & Workforce

• Permanent employees: 1,024; male 962, female 62; female share 6%.
• Permanent employee turnover FY26: 47.63%.
• LTIFR 2; no fatalities; about 70% of employees covered by safety training.
• Well-being spend 0.73% of revenue.
• CSR focus on healthcare and education; Akshay Patra serves 76,220 children.
• Beneficiaries: Sardar Dham project 80% from vulnerable groups; Lokayan 10%.

Environmental Performance

• Energy data not disclosed; service-sector categorization.
• Water data not disclosed; water usage not reported.
• GHG emissions data not disclosed; no external assurance.
• Waste: No waste generation reported for the period.
• No environmental certifications or targets disclosed.
• Waste management policies in place; no quantified metrics.

Stakeholder Engagement & Complaints

• Stakeholder groups include communities, investors, shareholders, employees, customers, value-chain partners, and government/regulators.
• Engagement channels: email, website, meetings; frequency as needed.
• Grievance mechanism in place; web link provided.
• Customer complaints: 21 filed, 0 pending.
• Employee complaints: 1 filed, 1 pending.
• Shareholder complaints: 1 in 2024-25; no current pending.

Other Notable Metrics

• CSR turnover Rs 13,262.73 Lakhs; Net worth Rs 45,191.55 Lakhs.
• MSME sourcing: 11.55% direct from MSMEs; 98.36% local within district.
• Sourcing from within district supports local economies.
• CSR beneficiaries include 76,220 Akshay Patra recipients; 80% from vulnerable groups for Sardar Dham.
• Data privacy: risk management framework for cyber and data privacy; no breaches.

Financial snapshot

• Standalone revenue from operations: ₹18,362.25 Lakhs; ₹183.62 Cr, up 38.6% YoY.
• Consolidated revenue from operations: ₹24,094.37 Lakhs; ₹240.94 Cr.
• Standalone total income: ₹18,474.92 Lakhs; Consolidated total income: ₹24,243.66 Lakhs.
• Net loss: Standalone ₹1,208.95 Lakhs; Consolidated ₹996.86 Lakhs.
• Dividends: Final ₹0.50 per share proposed; last year ₹1 per share paid.
• Paid-up capital: ₹2,614.07 Lakhs; Authorized capital ₹40 Crores.
• Warrants: 8,56,976 warrants forfeited; none outstanding as of 31-03-2026.
• Scheme with Eulogia Inn Private Limited: NCLT order June 4, 2026; meetings July 18, 2026.
• ESOP 2024 recognized as a liability; emphasis of matter noted.

Segment performance

• Segment revenue: Event & Exhibitions & Hospitality ₹18,397.73 Lakhs; Advertising ₹5,696.64 Lakhs.
• Total segment revenue ₹24,094.37 Lakhs (₹240.94 Cr).
• Segment EBIT: Event & Exhibitions −₹152.52 Lakhs; Advertising ₹936.65 Lakhs; Total ₹784.13 Lakhs.
• Consolidated pre-tax loss ₹515.87 Lakhs; tax ₹481.00 Lakhs; net loss ₹996.86 Lakhs.

Capital structure & capital actions

• Authorised share capital ₹40 Crores; paid-up capital ₹26.14 Crores; 2,614,0695 equity shares.
• 8,56,976 warrants forfeited; no outstanding warrants as at 31-03-2026.
• Post-year approvals: up to 8,33,700 equity shares and 11,00,000 convertible warrants proposed.
• White Rann Resort extension: 252 beds for 30 years.

Governance & audit

• Board size eight; two women; senior changes in 2025-26.
• Bhumit Patel resigned as Whole-time Director on 31 Dec 2025.
• Keyoor Bakshi ceased Independent Director on 28 Feb 2026.
• Vishnukumar Patel appointed Chairman & MD on 12 Feb 2026; Bijal Parikh to Non-Executive.
• Statutory auditors: KPSJ & Associates LLP appointed Aug 12, 2025 for five years.
• Audit Committee chaired by Ajit Panda; 6 meetings held during FY 2025-26.

CSR & ESG

• CSR obligation for FY2025-26: ₹49.33 Lakhs; expenditure ₹50.00 Lakhs; shortfall ₹0.67 Lakhs.
• CSR Committee (Chair: Vishnukumar Patel) met twice in FY2025-26.
• CSR projects: Sardar Dham, Lokayan Sansthan, Akshay Patra Foundation; 76,220 children served.

Major post-year developments

• Meghalaya tourism project: LoA for 40 luxury cottages at Umiam; 30-year concession.
• Adalaj Theme Park commenced operations in Sep 2025 under PPP.
• White Rann extension: 252 beds secured for 30 years.

Outlook & risks

• Outlook positive for hospitality, weddings and MICE; NE expansion envisaged.
• Key risks: macro headwinds, regulatory changes and execution risks.