Praveg announced a pivotal three year partnership with Mahindra Holidays & Resorts India (MHRIL). This agreement underscores a shared vision to enhance hospitality standards and deliver exceptional guest experiences across prime destinations, i.e. Daman, Diu, and Ayodhya. Under the terms of this arrangement, MHRIL will enter an inventory agreement with Praveg to secure a total of 70 rooms (Inventory Rooms), comprising 35 fixed and 35 floating rooms, across select properties. This collaboration leverages Praveg's operational expertise and MHRIL's reputation for delivering premium holiday experiences.Powered by Capital Market - Live

Praveg announced the opening of Praveg Beach Resort at Jalandhar House, Diu, starting from 12 December 2024. This launch marks a significant milestone in Praveg's mission to redefine the luxury hospitality experience through sustainability and world-class service. This alliance strengthens Praveg's position in the eco-luxury hospitality sector, leveraging Ginger's operational capabilities, modern service model, and the IHCL brand's global recognition. Together, they aim to attract a wider audience, from leisure seekers to business travelers, while enhancing operational efficiency, marketing outreach, and overall guest satisfaction. Located on the southern coast of Gujarat, Diu is a serene coastal town known for its Portuguese colonial heritage and natural beauty. The town is home to historic landmarks such as Diu Fort, St. Paul's Church, and Naida Caves, as well as pristine beaches like Nagoa, Ghoghla, Chakratirth and Jalandhar Beach. The newly launched Praveg Beach Resort at Jalandhar Beach features 34 luxurious rooms, a conference hall, a seaside restaurant, a sea-facing swimming pool, and a range of other amenities, making it the perfect destination for both leisure and business travelers. Powered by Capital Market - Live

Praveg'announced'the'opening'of Praveg'Resort'at'Damanganga,'Silvassa.' Dr.' Vishnu' Patel,' Chairman' of' Praveg' Limited,' expressed' his' excitement' at' the' inauguration:' 'We' are' thrilled' to' announce' the' opening' of' Praveg' Resort' at' Damanganga,' Silvassa,' from' December' 9,' 2024.' With' its' superb' location,' eco'conscious' design,' and' blend' of' youthful' and' experienced'team'members,'this'resort'is'uniquely'positioned'to'offer'an'unparalleled'service'to' the'guests.' Praveg'Beach'Resort,'Damanganga'is'located'in'Silvassa,'the' capital'of'the'Union'Territory'of'Dadra'and'Nagar'Haveli'and'Daman'and'Diu.'Situated'near'the' Damanganga' River,' the' property' offers' comfortable' accommodations' with' essential' amenities.' The'property'features'well' maintained'42'room,'a'conference'hall,'a'restaurant,'and'picturesque' views' of' the' surrounding' greenery' and' the' river.' The' property' is' known' for' its' peaceful' atmosphere,'making'it'a'favored'stay'for'visitors'seeking'tranquility.'The'property'is'also'good'for' budget'friendly'destination'wedding.Powered by Capital Market - Live

In addition, the company will serve as the sole partner for event conceptualization, consulting & management, and artist coordination, making it a one-stop solution for delivering an unparalleled visitor experience. Dr. CA Vishnukumar Patel, Chairman, Praveg stated, We are honored to strengthen our association with Rann Utsav in partnership with Lallooji & Sons. This unique opportunity allows us to redefine the Rann Utsav's offerings through exceptional marketing and booking services, along with innovative event management and event consultation. We are confident this partnership will significantly contribute to the major share of revenue generated from Rann Utsav while enhancing the global appeal of Rann Utsav. Rann Utsav, celebrated annually in the enchanting White Desert of Kutch, Gujarat, is a globally acclaimed cultural and tourism extravaganza, since 2006. Known for its luxurious tented accommodations, breathtaking landscapes, and vibrant showcase of Gujarat's heritage, it attracts lakhs of tourists from around the world. Praveg is a pioneer in eco-responsible luxury hospitality. The company's consolidated net profit declined 33.01% to Rs 1.40 crore in the Q2 FY25 over Q2 FY24. Revenue from operations spiked 124.01% year on year to Rs 31.43 crore in Q2 FY25. Shares of praveg shed 0.53% to Rs 671.10 on the BSE.Powered by Capital Market - Live

Net profit of Praveg declined 33.33% to Rs 1.40 crore in the quarter ended September 2024 as against Rs 2.10 crore during the previous quarter ended September 2023. Sales rose 124.09% to Rs 31.44 crore in the quarter ended September 2024 as against Rs 14.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales31.4414.03 124 OPM %20.4827.58 - PBDT8.694.38 98 PBT2.312.12 9 NP1.402.10 -33 Powered by Capital Market - Live

Praveg will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Praveg has received a Letter of Award (LoA) dated 17 September 2024 from Tourism Corporation of Gujarat (TCGL) for Operation, Maintenance and Management (O&M) of 30 Bhungas located at Dhordo, Gujarat. The Company has expanded its accommodations with the addition of 30 Bhungas, complementing its existing 46 tents. This enhancement aims to provide guests with a broader range of options, further enriching the overall experience.Powered by Capital Market - Live

Praveg announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Net profit of Praveg declined 35.04% to Rs 0.76 crore in the quarter ended June 2024 as against Rs 1.17 crore during the previous quarter ended June 2023. Sales rose 95.49% to Rs 23.40 crore in the quarter ended June 2024 as against Rs 11.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales23.4011.97 95 OPM %27.0537.26 - PBDT5.984.88 23 PBT1.021.64 -38 NP0.761.17 -35 Powered by Capital Market - Live

Praveg will hold a meeting of the Board of Directors of the Company on 10 August 2024.Powered by Capital Market - Live