Espire Hospitality Limited has approached BSE Limited seeking an extension until June 10, 2026, to submit its audited financial statements for the financial year ended March 31, 2026. The request comes after the company encountered operational hurdles during the year-end closing process that prevented the finalization of accounts within the timeline stipulated by Regulation 33(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

The transition of the accounting system at certain locations to a new ERP platform necessitated extensive data verification, validation, and reconciliation. This migration process required a thorough review of location-wise accounting records and ledger balances to ensure the accuracy of financial information prior to finalization.

Additionally, the company faced delays in receiving balance confirmations and related information from certain external business partners, which are critical for the completion of audit procedures. The opening of new hotel properties during the year also led to the temporary movement of finance and operational personnel across locations, impacting the timely preparation of year-end schedules and audit documentation.

Consequently, the completion of the books of account and statutory audit procedures took longer than anticipated. The management and auditors are working diligently to complete all pending procedures. The company expressed regret for the inconvenience and assured the exchange of its commitment to submitting the audited financial statements within the requested extended period.

Espire Hospitality Limited has announced a significant agreement with Marriott International for the management of the upcoming JW Marriott Resort & Spa near Vrindavan, marking another major milestone in the company's uber-luxury hospitality portfolio. The development follows an earlier intimation dated 23.04.2026 regarding a press release issued by Marriott International, and builds on the company's track record anchored by its flagship property, Six Senses Fort Barwara, Ranthambore.

A Landmark Property Near Vrindavan

Located near Vrindavan at Kosi Kalan, the resort is positioned approximately an hour's drive from New Delhi, Gurgaon, and Noida, offering strong connectivity alongside a tranquil setting. Spread across 14 acres of landscaped terrain featuring scenic water bodies and rolling green expanses, the property has been designed as a sanctuary blending sustainability, local craftsmanship, and conscious sourcing.

The resort is slated to welcome guests from January 2029 and will cater to a wide range of hospitality segments. Key property highlights are outlined below:

World-Class Amenities and Event Spaces

The JW Marriott Resort & Spa has been designed to offer a comprehensive luxury experience across dining, wellness, and events. Guests will have access to three dining venues, including an all-day multi-cuisine restaurant, a specialty restaurant with alfresco seating, and a poolside bar. The wellness offering includes an Eden-inspired spa with four therapy rooms, a full-service health club, a salon, a kids' club, a mini water park, an outdoor heated pool, and a separate children's pool.

For events and corporate gatherings, the resort will feature:

• A grand ballroom
• A landscaped Celebrations Courtyard
• Four versatile meeting rooms

These facilities position the resort as a destination for weddings, milestone celebrations, corporate gatherings, and retreats.

Leadership Perspectives on the Signing

The signing ceremony was attended by Mr. Amit Rai, Chairman of the Board, Espire Group, and Mr. Rajeev Menon, President, Asia Pacific excluding China, Marriott International.

Mr. Akhil Arora, CEO & Managing Director, Espire Hospitality Limited, commented: "We are delighted to join hands with Marriott International for this marquee project that reflects our deep commitment to creating exceptional hospitality destinations. JW Marriott Resort & Spa has been envisioned as a sanctuary of soulful luxury, where contemporary elegance meets nature, culture, and timeless experiences."

Mr. Gagan Oberoi, CEO, Espire Group, added: "This partnership with Marriott International is a testament to our strategic focus on expanding the uber-luxury portfolio with iconic, high-impact developments. We are proud to bring yet another landmark project to life, reinforcing the momentum of our rapid growth trajectory."

Expanding Portfolio Reaches 20 Hotels

In addition to the JW Marriott signing, Espire Hospitality has entered into agreements for 5 new hotels at the following locations during the intervening period:

• Goa
• Katra
• Patna
• Dehradun
• Rishikesh

This expansion has increased the company's total hotel count from 15 (as mentioned in the earlier press release) to 20 hotels and resorts. Hotels in Dehradun and Rishikesh are currently operational, while the remaining hotels are expected to become operational in due course. Espire Hospitality's portfolio includes the uber-luxury resort Six Senses Fort Barwara, the boutique brand ZANA - Luxury Resorts, and the mid-market chain Country Inn Hotels and Resorts. The company has also outlined plans to open 15 new hotels and resorts by the end of FY-27, as part of its broader expansion strategy across the Espire Group, which operates in Hospitality, IT Solutions, and Education.