ADVENT HOTELS INTERNATIONAL : ACQUIRES 9% NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES OF SUBSIDIARY WORTH RS 109.5 CR

• Board approved acquisition of entire 10,95,000 9% Non-Cumulative Redeemable Preference Shares of face value Rs. 100 each of BD and P Hotels (India) Private Limited ("BDP"), a subsidiary • Acquisition is from existing preference shareholders of BDP • Total consideration of Rs. 10,95,00,000, at Rs. 100 per preference share • The transaction is a related party transaction and is done at arm's length • Rationale: To streamline security creation for NCDs to be issued by BDP and Goan Hotels & Realty Private Limited • BDP's revenue from operations was Rs. 102,36,74,576 as on March 31, 2026

Advent Hotels International Ltd

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