Omaxe Ltd has accepted the resignation of Mr. Shivaji Patil from the position of Vice President (PMO), effective July 08, 2026. The resignation was submitted due to unavoidable personal reasons, marking a change in the company's senior management personnel. Mr. Patil confirmed that he will serve the prescribed notice period and extend full support during the transition process to ensure a smooth handover of responsibilities.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that July 08, 2026, was the last working day for Mr. Patil. The intimation was filed to comply with the requirements set by the Securities and Exchange Board of India (SEBI) and the relevant Master Circular. The specific regulatory reference includes SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The following table outlines the key details of the resignation as disclosed in the filing:

The filing was signed by D B R Srikanta, Company Secretary & Compliance Officer of Omaxe Limited. The information is available on the company's website and the official portals of the BSE Limited and the National Stock Exchange of India Limited.

Omaxe has announced the launch of a dedicated hospitality vertical, planning to develop 19 hotels across five states with an investment of ₹6,200 crore over the next 4–5 years. The company aims to establish hospitality assets spanning nearly 5 million sq. ft. in high-growth urban centres, pilgrimage destinations, and transit corridors, targeting an annual revenue potential of approximately ₹1,000 crore upon stabilization.

Project Distribution and Scale

The hospitality portfolio will be integrated with Omaxe's existing ecosystem of townships and mixed-use developments. The company will develop 12 hotels in Uttar Pradesh, including properties in Ayodhya, Lucknow, Prayagraj, and Vrindavan. Additionally, four hotels are planned across Chandigarh, Amritsar, and Ludhiana, with one each in New Delhi, Faridabad, and Ujjain. In total, Omaxe will establish a presence across 13 cities.

Strategic Partnerships and Segments

Omaxe is in advanced discussions with domestic and international operators for branding and management partnerships. A key project includes a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi, developed under a Public-Private Partnership (PPP) model with the Delhi Development Authority (DDA). The company will also develop transit-oriented infrastructure via PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC). The portfolio will cater to business, leisure, MICE, and religious tourism segments, featuring midscale to luxury hotels and serviced apartments.