Target Entity: GHK Hospitality & Infrastructures Limited ('GHK')

Type of Deal: 100% Acquisition

Stake/Capacity: 100% share capital comprising 2,82,27,741 equity shares (1,54,54,545 equity shares through primary subscription and 1,27,73,196 equity shares through secondary purchases)

Deal Value: Enterprise value of ₹155 crores on a cash-free, debt-free basis, subject to customary adjustments

Funding Source: Cash consideration

Financial Impact:

  • GHK's historical turnover: ₹35.16 crores (2025-26), ₹31.23 crores (2024-25), ₹25.62 crores (2023-24)
  • The hotel property has 130 keys
  • Acquisition described as "value-accretive"

Timeline: Acquisition completed on 1st September, 2026 at 6:15 p.m.

Strategic Rationale:

  • Expands Company's owned asset portfolio in Ahmedabad across all market segments
  • Allows capitalization on Ahmedabad's diversified year-round demand
  • The hotel is currently operated by the Company under an Operating Services Agreement

Approval Status: Completed - no governmental or regulatory approvals required

Related Party Status: Not a related party transaction. Promoter/promoter group/group companies have no interest in the acquired entity.

Background of Acquired Entity:

  • Public limited company incorporated on 10th May, 2007
  • Registered office in Ahmedabad, Gujarat, India
  • Engaged in hospitality business
  • Owns hotel named 'Welcomhotel Ahmedabad'
  • Presence: India only

Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated 30th January 2026 - Regulation 30