Ventive Hospitality Ltd

Reclassification of promoter group

• Board approved May 12, 2026 to reclassify promoter group as public.
• Application submitted to BSE/NSE on May 16, 2026 for no-objection.
• Regulatory approval status remains pending.

Meeting Details

• Date: September 2, 2026; event: Ashwamedh – Elara India Dialogue 2026.
• Type/Mode: One-to-One and Group; Physical meeting.
• Location: Mumbai.
• Organizer: Ashwamedh – Elara India Dialogue 2026.

Participants

• Key participants: Company Secretary and Compliance Officer.

Purpose

• Purpose: revise schedule for investor conference participation.

Additional Notes

• Earlier details unchanged aside from conference date revision.

Financial Performance

• Consolidated revenue rose 7% YoY to INR 554 crores.
• Hospitality revenue rose 9% YoY to INR 420 crores.
• India revenue rose to INR 203 crores, up 13% YoY.
• India EBITDA rose 16% to INR 74 crores; margin 35% to 36%.
• Maldives revenue grew 5% to INR 218 crores.
• Maldives EBITDA declined 32% to INR 32 crores.
• Consolidated EBITDA stood at INR 205 crores; margin 37%.
• Tax rate fell to 25.17% from 34.94% due to regime shift; INR 102 crores reversed.
• Total debt as of 30 Jun 2026: INR 2,095 crores; net debt INR 1,514 crores.
• Cost of funds: India 7.2%; Maldives 6.1%.
• Operating cash flow INR 156 crores.

Operating Update

• India occupancy 67%, ADR up 8%, RevPAR up 20%.
• Pune controls ~65% of India's luxury inventory; limited new supply.
• Pune solar project to lift margins by 4–5% in the first quarter next year.
• Maldives diesel spike pushed costs; July fuel-cost recovery 26% from peak.
• Sahyadri Hills Wellness Estate: equity INR 281 crores; EV INR 466 crores; yield on cost >12%.
• Q3/Q4 expected high season with strong bookings.

Projects and Capex

• Pune captive solar plant investment INR 60 crores; commissioning Q4 FY27; green energy to 85%.
• Raaya solar expansion to ~80% by Apr 2027; 17 hours/day operation.
• Sri Lanka Arugam Bay Ritz-Carlton Reserve: 73 villas; 1.5 km shoreline; permissions delay.
• Goa Hilton: 104 keys; 50-room extension; Nerul Sol De Goa boutique.

Pipeline and Growth

• Pipeline: over 1,700 keys across 8 upcoming hotels.
• ROFO pipeline: 1,114 keys across JW Marriott Navi Mumbai and 3 Moxy hotels.
• Owned/developed projects progressing toward completion FY28–FY30.
• Long-term ambition: 4,000+ keys with disciplined capital.

Q&A Highlights

• Q1 India RevPAR up 20% on occupancy and ADR growth.
• Solar CAPEX cited as margin catalyst; 4–5% uplift expected in near term.
• Maldives: July arrivals back to 2025 levels; diesel spike addressed by solar program.
• Sri Lanka Arugam Bay Reserve timeline pushed; from FY28 end to around FY31.
• Kelzai acquisition funding includes internal accruals; land around 420 (units discussed).
• Raaya solar program to run with 17 hours of solar power daily; USD 1.5 million annual saving.

Outlook and Guidance

• No formal guidance announced; numbers are management estimates subject to assumptions.
• Energy-cost reductions via solar expected to aid margins from FY28 onward.
• Growth funded through internal accruals; pipeline execution remains the focus.

Meeting Details

• Aug 13, 2026 – Emkay Global Confluence; Group, Mumbai; Physical meeting attended by company representatives; times not disclosed.
• Aug 17, 2026 – Motilal Oswal Global Investor Conference; Group, Mumbai; Physical; times not disclosed; attendees: company reps.
• Sept 3, 2026 – Ashwamedh – Elara India Dialogue; One-to-One/Group; Mumbai; Physical; times not disclosed.

Meeting Details

• Board meeting on August 04, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 to be approved.

Other Notes

• Trading window closed from July 01, 2026; reopens 48 hours after the unaudited results announcement.

Target overview

• Kelzai Eco Reserves Private Limited; India-based hospitality company.
• Incorporated 29 November 1989; operates hospitality across India.
• Turnover FY2026: INR 1.425 million; 2025: INR 0.534 million; 2024: INR 0.853 million.

Acquisition details

• Not a related party transaction.
• Cash consideration: INR 2,818,795,572.
• Acquires 100% equity and 100% preference shares.
• Enterprise value: INR 466 crore.
• Completion target: within 3 months.
• Regulatory approvals: not required.

Strategic rationale

• Aims to expand Ventive into luxury resort and branded villas.
• Acquisition targets ~420 acres of resort property in Mumbai Metropolitan Region.

Target background

• Incorporation: 29 November 1989; CIN U15400PN1989PTC054431.
• Presence: India; operates in hospitality.
• Last 3 years turnover: 2026 INR 1.425m; 2025 INR 0.534m; 2024 INR 0.853m.

Financing by subsidiary to refinance ICD

• Eon-Hinjewadi Infrastructure Private Limited, wholly owned by Ventive, secures INR 1,100 million term loan from ICICI Bank.
• Proceeds to be used for repayment of existing Inter-Corporate Deposit from Ventive Hospitality Limited.

RTA certificate status

• Details of dematerialised/rematerialised securities for the quarter were furnished to all stock exchanges where the shares are listed.

Meeting Details

• Date: July 6, 2026; Non-Deal Roadshow (NDR) in Dubai.
• Type/Mode: In-person interaction.
• Participants: Company representatives (management) attending.
• Purpose: Investor interaction during a non-deal roadshow.