ADVENTHTL

- 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.