🏨 ADVANI HOTELS VALUES CARAVELA BEACH RESORT ASSET AT UP TO ₹982 CR 🌴

• 📊 Board approved independent valuation of Caravela Beach Resort Goa and the Caravela brand • 🏖️ Resort operating business valued at ₹828.5 Cr on an as-is basis • 🎉 Valuation rises to ₹982 Cr after completion of the new banquet facility under construction • 🏷️ ‘Caravela’ brand valued at ₹81.88 Cr • 📈 New banquet space is expected to boost weddings, MICE events and overall revenue potential • 🌊 Resort enjoys a premium 277-meter beach frontage spread across a 22-acre property 🟢 Impact: Positive (Highlights significant underlying asset value and growth potential from banquet expansion)

U.P.HOTELS LTD.

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