Praveg Ltd

The mandate is for executing the Sardar Patel @150th Unity March ' Pad Yatra, a nationally important event scheduled from 25 November to 6 December 2025. The march will begin at Karamsad, the birthplace of Sardar Vallabhbhai Patel, and conclude at the Statue of Unity in Kevadia. The company said the assignment underscores its growing role in managing large-scale cultural and national events. Under the order, Praveg will handle comprehensive infrastructure development and end-to-end event execution across multiple locations along the march route. The company's mandate includes planning, design, implementation, coordination and on-ground management to ensure seamless delivery of the large-scale event. The scope of work covers the setup of Swagat platforms, construction of performance stages, deployment of a dedicated management team for the Pad Yatra, branding and communication installations, creation of Sardar Sabha platforms, and transportation, logistics and operational coordination. The march will commence from Karamsad and conclude at the Statue of Unity in Kevadia, with participation expected from dignitaries, prominent public leaders and large public gatherings, and the inauguration will be presided over by a high-profile dignitary. The project is valued at Rs 9.96 crore. Speaking on the occasion, Dr. CA Vishnu Patel, Chairman of Praveg Limited, said, 'We are truly honoured to receive this prestigious mandate from the Government of Gujarat. Praveg has historically been a strong performer in the Events & Exhibitions segment and has successfully delivered several landmark projects over the years. Over the last two years, the Company strategically concentrated on expanding the Hospitality segment, which resulted in exceptional growth and positioned Praveg as a leading eco-responsible luxury hospitality brand in India. During this phase, the Events & Exhibitions segment did not receive equal attention, as our management and resources were extensively engaged in developing and scaling hospitality operations. With a solid foundation now established in hospitality, In the first half of FY 2025'26, with a solid foundation now in place, we have redeployed a dedicated team and renewed strategic focus on the Events & Exhibitions segment, and We are pleased to see the positive outcomes of this shift, as demonstrated by multiple prestigious work orders recently received including the Hon'ble Chief Minister event 'World Lion Day 2025' and infrastructure augmentation work for Rashtriya Ekta Diwas 2025 at the Statue of Unity, and now this significant mandate for the Sardar Patel @ 150th Unity March - Pad Yatra. These back-to-back achievements reaffirm our strong credentials and government confidence in Praveg. We sincerely thank our investors and stakeholders for their patience, support and trust over the last two years, during which significant investment and effort were directed toward building a strong hospitality business. With the renewed momentum in Events & Exhibitions, along with continued hospitality growth, we are confident of delivering improved financial performance, better operating leverage, optimized overhead absorption, and stronger value creation for our shareholders. The Company is now well-positioned to accelerate growth across both verticals and generate robust results in the coming periods.' Praveg is a pioneer in eco-responsible luxury hospitality. The company is principally engaged in business of providing services of advertising, hospitality, management and organization of events and exhibitions. The company reported consolidated net loss of Rs 9.67 crore in Q2 FY26 compared with net profit of Rs 1.42 crore in Q2 FY25. Revenue from operations jumped 19.3% YoY to Rs 37.50 crore in Q2 FY26. Shares of Praveg rose 0.47% to Rs 301.20 on the BSE. Powered by Capital Market - Live

Praveg has received a Letter of Award (LoA) dated 18 November 2025, from the Tourism Corporation of Gujarat for the development of a resort at Dhordo, Kutch, Gujarat. The project involves the development of 46 rooms/keys (luxury tents) and 42 dormitories (total capacity of 252 beds), equivalent to 126 standard rooms, thereby further expanding and strengthening the Company's hospitality presence at Dhordo. This award is in addition to the existing 30 Bhungas currently being operated by Praveg at the location under a 5-year agreement. The project has been awarded with a concession period of 35 (thirty-five) years.Powered by Capital Market - Live

Net loss of Praveg reported to Rs 9.67 crore in the quarter ended September 2025 as against net profit of Rs 1.42 crore during the previous quarter ended September 2024. Sales rose 19.27% to Rs 37.50 crore in the quarter ended September 2025 as against Rs 31.44 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales37.5031.44 19 OPM %9.6520.48 - PBDT1.278.69 -85 PBT-8.912.31 PL NP-9.671.42 PL Powered by Capital Market - Live

According to the company's disclosure, the project entails the expansion of hospitality infrastructure, including 46 luxury tent rooms/keys and 42 dormitories with a total capacity of 252 beds, aimed at boosting accommodation availability at the popular destination. The contract, awarded by a domestic entity, carries a 35-year execution period, providing significant long-term visibility. The broad size or commercial consideration of the order is not determinable at this stage, the company said. Praveg confirmed that no promoter or promoter-group interest exists in the awarding authority and the contract does not qualify as a related-party transaction. The company anticipates robust performance from the upcoming resort, with Expected Average Room Rate (ARR) ranging between Rs 12,000 and Rs 15,000 per night for rooms and Rs 2,500 to Rs 3,500 per bed for Dormitories, supported by an expected occupancy rate of 55% to 60%, driven by rising tourist demand and strong seasonal inflows during the Rann Utsav. Dr. CA Vishnu Patel, chairman of Praveg, said, 'We are delighted to receive the Letter of Award for development and operations at Dhordo, a destination of global tourism significance. This award reinforces our expansion strategy and strengthens our presence in Kutch. We are confident that the project will create an exceptional hospitality experience, support regional tourism and generate long-term value for all stakeholders.' Praveg is a pioneer in eco-responsible luxury hospitality. The company is principally engaged in business of providing services of advertising, hospitality, management and organization of events and exhibitions. The company reported consolidated net loss of Rs 9.67 crore in Q2 FY26 compared with net profit of Rs 1.42 crore in Q2 FY25. Revenue from operations jumped 19.3% YoY to Rs 37.50 crore in Q2 FY26. Shares of Praveg shed 0.64% to Rs 308.40 on the BSE. Powered by Capital Market - Live

Revenue from operations jumped 19.3% YoY to Rs 37.50 crore in Q2 FY26. Pre-tax loss of Rs 8.91 crore in Q2 FY26, compared with pre-tax profit of Rs 2.31 crore in Q2 FY25. EBITDA stood at Rs 3.96 crore, registering de-growth of 62.62% from Rs 10.58 crore posted in corresponding quarter last year. In Q2 FY26, revenue from event, exhibition and Hospitality jumped 12.36% YoY to Rs 26.28 crore. Revenue from advertisement climbed 44.83% YoY to Rs 11.21 crore. Vishnu Patel, chairman, Praveg said: 'H1 FY26 has demonstrated strong top-line momentum, with consolidated total income growing 28.94% to Rs 77.71 crore, driven by the continued expansion of our hospitality portfolio and consistent performance in our events and advertising businesses. While margins were impacted due to higher operating costs at newly launched properties and four seasonal properties that remained closed during Q2 FY26 and initial ramp-up expenses related to recent expansions, these effects are temporary and inherent to the scale-up phase of new destinations. In addition, profitability was affected by the fixed lease commitments payable to the Government under the PPP model for our resorts, which continue even during periods of lower occupancy in non-season months and for seasonal properties that remained closed during Q2 FY26. With a portfolio of over 825 rooms across 17 operational resorts along with one five star hotel, we are well positioned for sustained operational leverage. As occupancy levels mature and efficiencies normalize, we anticipate meaningful improvement in profitability metrics. The launch of new initiatives, most notably the Praveg Adalaj Theme Park will further strengthen our growth trajectory.' Meanwhile, the company received letter of award from Tourism Corporation of Gujarat for augmentation of infrastructure facilities in existing shops at Statue of Unity (SoU) for 31 days, development of studio kitchen at helipad ground and development of theme pavilion at maze garden at SoU as per the requirements for 15 days for Rashtriya Ekta Diwas 2025 at SOU, Kevadia, Gujarat. The said order is valued at Rs 2,68,47,800. Praveg is a pioneer in eco-responsible luxury hospitality. The company is principally engaged in business of providing services of advertising, hospitality, management and organization of events and exhibitions.Powered by Capital Market - Live

Praveg has received a Letter of Award (LoA) dated 07 November 2025 and received on 14 November 2025 through mail from Tourism Corporation of Gujarat for Augmentation of infrastructure facilities in existing shops at SoU for 31 days, development of studio kitchen at helipad ground and development of theme pavilion at maze garden at SoU as per the requirements for 15 days for Rashtriya Ekta Diwas 2025 at SOU, Kevadia, Gujarat. The project is valued at Rs 2.68 crore. Powered by Capital Market - Live

Praveg will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

Net loss of Praveg reported to Rs 6.14 crore in the quarter ended June 2025 as against net profit of Rs 0.76 crore during the previous quarter ended June 2024. Sales rose 68.33% to Rs 39.39 crore in the quarter ended June 2025 as against Rs 23.40 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales39.3923.40 68 OPM %14.6027.05 - PBDT3.995.98 -33 PBT-5.441.02 PL NP-6.140.76 PL Powered by Capital Market - Live

Praveg will hold a meeting of the Board of Directors of the Company on 13 August 2025.Powered by Capital Market - Live

Praveg has received a Letter of Award (LoA) dated 02 August 2025 from Deputy Conservator of forest, Porbandar Forest Division, Porbandar for Event Management Work for Upcoming Hob'ble Chief Minister Event 'World Lion Day 2025' at Timdi, Ta. Bhanvad, Dist. Devbhumi dwarka, Gujarat on 10 August 2025.Powered by Capital Market - Live