Neelkamal Tower Construction LLP, a member of the promoter group of Advent Hotels International , has released a pledge over 31,80,433 equity shares of the company. The disclosure was made to the stock exchanges on August 19, 2026, under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The encumbrance was originally created in connection with a facility sanctioned by HDFC Limited to MIG (Bandra) Realtors & Builders Private Limited, a wholly owned subsidiary of Valor Estate Limited. Valor Estate had previously merged with Esteem Properties Private Limited and Advent Hotels International Limited through a Composite Scheme of Amalgamation and Arrangement sanctioned by the National Company Law Tribunal. Under this scheme, pledges held over Valor Estate’s shares were automatically extended to the corresponding shares allotted in Advent Hotels.

Repayment Drives Release

The pledge release stems from the full repayment of the underlying facility by the borrower. IDBI Trusteeship Services Limited, acting as the Share Pledge Trustee on behalf of the lender, formally released the encumbrance on August 18, 2026. Consequently, the 31,80,433 shares now stand free of any lien or pledge.

What the Numbers Show

The reduction in pledged holdings improves the promoter’s unencumbered stake quality. Prior to this release, Neelkamal Tower Construction LLP held a total of 66,82,140 shares, of which 41,80,433 (representing 62.56% of its holding) were encumbered. Following the release of 31,80,433 shares, the number of pledged shares stands at 10,00,000, which is approximately 14.97% of Neelkamal’s total holding. This indicates a significant de-leveraging of the promoter’s equity position relative to its total stake in the company.

Promoter Holding Structure

The total promoter group holding in Advent Hotels International Limited remains at 126,19,885 shares, constituting 23.38% of the total share capital. Apart from Neelkamal Tower Construction LLP, other promoter entities including Shabana Balwa, Mohammad Salim Balwa, and SB Fortune Realty Pvt Ltd hold their shares free of encumbrance.

The disclosure confirms that no new encumbrances were created during this period, and the remaining pledged shares are held by Neelkamal Tower Construction LLP alone within the promoter group.

Advent Hotels International reported a substantial surge in standalone net profit for the first quarter ended June 30, 2026 (Q1FY26), rising to ₹8,954.64 lakh from ₹121.77 lakh in the same period last year. This dramatic increase was largely fueled by a one-time gain of ₹9,003.37 lakh (₹90.03 crore) from the transfer of land held for sale to its wholly owned subsidiary, Advent Convention And Hotels International Private Limited (ACHIL). Consolidated results showed more moderate growth, with net profit attributable to equity owners climbing 83% year-on-year to ₹617.39 lakh, while revenue from operations remained largely flat at ₹8,051.62 lakh versus ₹8,044.53 lakh in the prior year period.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 6, 2026, pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Mehta Chokshi & Shah LLP, who issued an unmodified review conclusion. The statements were prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting) and other generally accepted accounting principles in India. Subsequently, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements on August 7, 2026 in Free Press Journal (English) and Navshakti (Marathi).

Key Financial Highlights

The table below summarises the key standalone and consolidated financial metrics for the quarter:

Note: All figures are in lakhs unless specified otherwise. Standalone revenue is nil as income is recognised through other sources.

On a consolidated basis, EBITDA improved meaningfully during the quarter, rising to ₹263 million from ₹213 million in the year-ago period. The EBITDA margin expanded to 32.63% from 26.51% year-on-year, reflecting improved operating efficiency within the hospitality segment.

Operational and Strategic Developments

The primary driver for the standalone profit surge was the execution of a Conveyance Deed on June 4, 2026, transferring 21,978.22 sq. meters of land in Village Sahar, Mumbai, to ACHIL for a total consideration of ₹27,500.00 lakh (₹275.00 crore). Concurrently, an external borrowing of ₹6,000.00 lakh (₹60.00 crore) originally held by Prestige Falcon Realty Ventures Pvt. Ltd. was novated to ACHIL.

In a significant strategic move subsequent to the quarter end, Advent Hotels executed an Investment Agreement on July 3, 2026, with Prestige Estates Projects Limited. Under this agreement, Prestige Estates will acquire a 50% equity stake in ACHIL for an aggregate consideration of ₹50,400.00 lakh (₹504.00 crore). Additionally, the company acquired 1,095,000 non-cumulative redeemable preference shares of its subsidiary BD & P Hotels (India) Private Limited for ₹1,095.00 lakh (₹10.95 crore) on July 1, 2026.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the structural shift in the company's business model following the demerger of the hospitality business from Valor Estate Limited. While the holding company generated no operational revenue, it realised significant capital gains through asset transfers within the group. In contrast, the consolidated entity continues to operate the hospitality segment, reporting stable operational revenue alongside an improved EBITDA margin of 32.63%, though facing cost pressures from employee benefits expenses of ₹1,656.09 lakh and finance costs of ₹1,015.13 lakh. The restatement of comparative figures for Q1FY25 to reflect the scheme of arrangement ensures comparability, revealing that the core hospitality business maintained consistent top-line performance alongside improved operating profitability in the current quarter.