Praveg Ltd

Praveg Limited reported its unaudited financial results for Q1 FY27. Consolidated total income increased by 15.92% year-on-year to ₹46.21 crore. The company reported a consolidated net loss of ₹13.23 crore and an EPS of (₹5.06). Standalone total income was ₹29.81 crore, with a net loss of ₹13.30 crore and an EPS of (₹5.09). The results reflect growth in the hospitality and event segments, contributing ₹29.80 crore and ₹16.21 crore respectively. The company operates 825+ rooms across 17 resorts and one hotel. The Chairman highlighted strong top-line momentum and a focus on disciplined expansion and operational efficiency.

Praveg Ltd's Board of Directors, in a meeting held on August 13, 2026, approved the unaudited financial results (Consolidated and Standalone) for the quarter ended June 30, 2026. The board also approved the convening of the 31st Annual General Meeting (AGM) on September 25, 2026, to be held via Video Conferencing/Other Audio-Visual Means. The limited review reports from the statutory auditors were also enclosed with the financial results.

Praveg Ltd's Board of Directors convened on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The meeting also decided to convene the 31st Annual General Meeting on September 25, 2026, via video conferencing. The company has submitted its consolidated and standalone financial results along with limited review reports from statutory auditors. The financial results for the quarter ended June 30, 2026, are available on the BSE website and the company's website.

Praveg Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item is to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. Following this announcement, the trading window for the company's securities will remain closed until 48 hours after the declaration of these financial results.

Praveg Ltd. announced an Extra-Ordinary General Meeting (EGM) to be held on Friday, August 21, 2026, at 11:30 a.m. via Video Conferencing. The EGM will consider and approve two special resolutions. The first resolution involves amending a loan agreement with Jhaveri Credits and Capital Limited (a promoter group member) to allow for the conversion of the outstanding Unsecured Inter Corporate Loan, in whole or in part, into equity shares of the Company. This amendment follows a previous approval by members on May 2, 2025. The second resolution seeks approval for the issuance of equity shares to the promoter and promoter group upon the conversion of this existing Unsecured Inter Corporate Loan, in accordance with relevant sections of the Companies Act, 2013, and SEBI regulations. The cut-off date for e-voting and EGM attendance is August 14, 2026.

Praveg Limited announced a preferential issue of 8,33,700 equity shares and 11,00,000 convertible warrants. The issue, subject to shareholder and regulatory approvals, aims to raise approximately ₹53.72 crore. The equity shares are priced at ₹275 each, and the warrants are also convertible at ₹275 per share. This move is intended to strengthen the company's capital base and provide financial flexibility for its long-term growth strategy in the luxury hospitality sector. The company highlighted that the preferential issue will reduce unsecured inter-corporate loans, thereby strengthening its balance sheet.

Praveg Ltd's Board of Directors, in a meeting held on July 22, 2026, approved several key resolutions. These include the conversion of unsecured inter-corporate loans into equity shares and a preferential issue of up to 8,33,700 equity shares at ₹275 per share. Additionally, the board approved the issuance of 11,00,000 convertible warrants to the promoter and promoter group at the same price. The company also approved the draft notice for an Extra Ordinary General Meeting scheduled for August 21, 2026, and appointed M/s. ALAP & Co. LLP as the scrutinizer for the e-voting process.

Praveg Ltd's Board of Directors has approved the issuance of 8,33,700 equity shares and 11,00,000 convertible warrants on a preferential basis. The equity shares will be issued towards the conversion of an unsecured Inter Corporate Loan from Jhaveri Credits and Capital Limited at an issue price of ₹275 per share. The convertible warrants, also priced at ₹275 per warrant, will be issued to the Promoter and Promoter Group, each convertible into one equity share. The company also approved the draft notice for an Extra Ordinary General Meeting to be held on August 21, 2026, and appointed M/s. ALAP & Co. LLP as the scrutinizer for the e-voting process. These issuances are subject to member and regulatory approvals.

Praveg Ltd has announced a Board of Directors meeting scheduled for July 22, 2026. The primary agenda items include considering and approving a proposal for the conversion of promoter unsecured loans into equity shares on a preferential basis or other permissible modes. Additionally, the board will evaluate proposals for raising funds through various instruments like equity shares, convertibles, or other eligible securities via preferential, rights, or QIP issues, subject to regulatory and shareholder approvals. The company also noted that the trading window for insiders has been closed from July 1, 2026, until 48 hours after the declaration of Q1 FY27 unaudited financial results.

Praveg Ltd has executed a Supplemental Agreement with Jhaveri Credits and Capital Limited, a promoter group entity, to amend an existing Loan Agreement dated May 7, 2025. The amendment provides a framework for repaying outstanding loan principal and accrued interest through the issuance of equity shares, convertible warrants, or other securities. This is subject to compliance with applicable laws and obtaining necessary corporate, regulatory, and statutory approvals. The company clarified that this agreement does not constitute an approval for any securities issuance, which will only proceed after requisite approvals are obtained. The Board of Directors meeting to discuss this concluded on July 13, 2026.