Vikram Kamats Hospitality Limited has filed a regulatory disclosure under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding temporary suspension of operations at its flagship hotel property.
The company has temporarily suspended operations at VITS Kamats Resort Silvassa, located in Dadra & Nagar Haveli, due to unexpected flash floods and severe waterlogging in the region caused by torrential rainfall. The adjacent river breached its banks, causing river water to enter the hotel premises. The main connecting bridge leading to the property was overflowed with water, completely disrupting safe road access.
As a precautionary measure to ensure the safety of guests, employees, and assets, the management has safely evacuated the premises. The company is actively monitoring the situation with directions from local municipal authorities and will submit a subsequent update to the Exchange when regular operations resume.
Annexure-I Details
As required under SEBI circular reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:
- Expected quantum of loss/damage: The company is currently assessing the impact of this natural calamity on its assets and operations. Financial impact not quantified in the disclosure.
- Insurance coverage: The company has adequate insurance coverage and the incident has been intimated to the insurance company. Specific amount not disclosed.
- Impact on operations: The company is currently assessing the impact on operations. They expect that operations will gradually normalize over the next few days barring any unforeseen circumstances.
- Affected unit: Temporary suspension of operation is at VITS Kamats Resort Silvassa, Dadra & Nagar Haveli due to force majeure (flood situation). There is no case of strike or lockout.