Juniper Hotels Limited has submitted a clarification to the stock exchanges regarding a previous corporate announcement (Reference No. JHL/SJ/2026/39) about the execution of a Share Purchase Agreement (SPA).

The disclosure corrects a typographical error in the previous announcement, which had incorrectly stated the date of execution of the SPA as June 02, 2026. The correct date of execution is June 04, 2026.

The company states that this correction means the disclosure was made within the prescribed timeline under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and there has been no delay in disclosing this material event to the exchanges.

The SPA is for the acquisition of 100% of the share capital of Juniper Hospitality Assets Private Limited (JHAPL). Upon completion of this acquisition, JHAPL will become a wholly-owned subsidiary of Juniper Hotels Limited.

Additional Disclosures (Annexure I)

  • Purpose: The acquisition is to develop a 5-star hotel property on a land parcel in Sector 23, Dwarka, New Delhi, admeasuring approximately 2.524 acres. JHAPL was declared the successful bidder for the license rights of this land.
  • Shareholding: Juniper Hotels Limited's shareholding in JHAPL was Nil prior to the acquisition. It will be 100% post-acquisition.
  • Related Party Status: JHAPL is a related party. This is due to common promoters/directors. Mr. Arun Kumar Saraf is a Promoter of Juniper Hotels Limited. Mr. Varun Saraf (son of Mr. Arun Kumar Saraf) belongs to the Promoter Group of Juniper Hotels Limited.
  • Transaction Nature: The transaction falls within the definition of a "Related Party Transaction" under Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb) of the SEBI Listing Regulations, 2015. The company states that the requirement of determining arm's length pricing is not applicable in this case as JHAPL was recently incorporated on March 17, 2026, with a minimum paid-up capital of ₹1 lakh, and the acquisition is for the shares of this newly formed entity.
  • Other details regarding share issuance, nominee directors, potential conflicts of interest, or termination clauses were marked as "Not applicable."

The full disclosure is also available on the company's website at www.juniperhotels.com.