ADVENTHTL

- Advent Hotels has approved a Share Purchase Agreement to acquire the remaining 25% stake in its subsidiary, BD&P Hotels (India) Private Limited, for a cash consideration of ₹40 crores. - BD&P Hotels owns and operates the Hilton Mumbai International Airport hotel. - Post-acquisition, BD&P Hotels will become a wholly-owned subsidiary of Advent Hotels, expected to be completed by June 30, 2027.

- Mr. Rajeev RA has resigned as Non-Executive Independent Director of Advent Hotels International Limited effective from September 25, 2026. - The company confirmed there are no other material reasons for his resignation.

- Mr. Rajeev RA has resigned as the Non-Executive Independent Director of Advent Hotels International Limited. - Resignation effective from the close of business hours on September 25, 2026. - No other material reasons reported for his resignation.

- 20th Annual General Meeting (AGM) to be held on Tuesday, 29th September, 2026, at 3:00 pm via electronic mode. - Register of Members and Share Transfers to be closed from Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026 for the purpose of the AGM.

- 20th Annual General Meeting (AGM) of Advent Hotels International Limited to be held on Tuesday, September 29, 2026, at 3:00 pm via electronic mode. - Register of Members and Share Transfers will remain closed from September 23, 2026, to September 29, 2026 (both days inclusive) for the purpose of the AGM.

- Mr. Rahul Pandit resigned as Managing Director and CEO, effective November 1, 2026, also ceasing to be an Audit Committee member. - Mr. Himmat Singh Sandhu was appointed as the new Managing Director and CEO for three years and an Audit Committee member, effective November 1, 2026. - The Board approved an increase in the Authorised Share Capital from ₹75.20 Cr to ₹160 Cr. - An Annual General Meeting (AGM) is scheduled for September 29, 2026, to approve these changes.

- Mr. Rahul Pandit resigned as Managing Director and CEO, effective November 1, 2026, also ceasing to be an Audit Committee member. - Mr. Himmat Singh Sandhu was appointed as the new Managing Director and CEO for three years, effective November 1, 2026, and as a member of the Audit Committee. - The Board approved an increase in the authorized share capital from ₹75.20 crore to ₹160.00 crore. - An Annual General Meeting (AGM) is scheduled for September 29, 2026, at 3:00 pm via Video Conferencing.

- Rahul Pandit resigned as MD & CEO, effective Nov 1, 2026. - Himmat Singh Sandhu appointed new MD & CEO for 3 years, effective Nov 1, 2026. - Authorized share capital increased from ₹75.20 Cr to ₹160.00 Cr. - AGM on Sep 29, 2026, to approve these changes.

- Mr. Rahul Pandit resigned as MD & CEO (effective Nov 1, 2026), with Mr. Himmat Singh Sandhu appointed as his successor for 3 years, also joining the Audit Committee. - The company's authorized share capital was approved to increase from ₹75.20 Cr to ₹160.00 Cr. - An Annual General Meeting is scheduled for September 29, 2026.

- Consolidated Revenue ₹8,051.62 Lakhs vs ₹8,044.53 Lakhs (▲0.09% YoY) - EBITDA ₹2,638.44 Lakhs vs ₹6,307.25 Lakhs (▼58.16% YoY) - PAT ₹674.50 Lakhs vs ₹3,250.64 Lakhs (▼79.25% YoY) - EBITDA Margin 32.77% vs 78.40% (▼4563bps)

- Investment Agreement executed on July 3, 2026, with Prestige Estates Projects Limited for the joint commercial development of a strategic land parcel. - Prestige Estates will acquire a 50% equity share capital stake in Advent Convention and Hotels International Limited (ACHIL) for ₹504 Crores. - ACHIL will cease to be a wholly-owned subsidiary and become a 50:50 joint venture entity.

- Board approved the acquisition of entire 10,95,000 9% Non-Cumulative Redeemable Preference Shares of BD and P Hotels (India) Private Limited, a subsidiary. - The approximate consideration for this acquisition is ₹10.95 Crores. - The acquisition aims to streamline security creation for proposed Non-Convertible Debentures (NCDs) to be issued by subsidiaries. - BD and P Hotels (India) Private Limited reported a revenue from operations of ₹102.36 Crores for FY2025-26.

- Advent Hotels International announced the closure of its trading window for Designated Persons. - Effective from July 1, 2026, for the purpose of considering the Unaudited Financial Results for the 1st Quarter and three months ending June 30, 2026. - The trading window will reopen 48 hours after the financial results are made public.

- Consolidated Revenue ₹11,541.02 Lakhs vs ₹10,806.26 Lakhs (▲6.8% YoY) - EBITDA ₹2,810.61 Lakhs vs ₹5,255.27 Lakhs (▼46.5% YoY) - PAT ₹366.85 Lakhs vs ₹2,327.70 Lakhs (▼84.3% YoY) - EBITDA Margin 23.83% vs 48.45% (▼2462 bps) - Auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern. - The Board approved the dissolution of the Risk Management Committee, noting it was voluntarily constituted and not mandatorily required by SEBI (LODR) Regulations, 2015. - Net profits for FY26 were inadequate for managerial remuneration as per Section 198 of the Companies Act, 2013.