Praveg Limited will commence operations at Praveg Atoll's Lakshadweep on Thinnakara Island from October 21, 2026. This launch strengthens the company's presence in India's experiential tourism sector with a new premium hospitality destination.

The resort is situated on Thinnakara Island, known for pristine white-sand beaches and turquoise waters. The property integrates accommodation, dining, wellness, and recreation facilities to cater to leisure travellers, families, and corporate groups seeking immersive island holidays.

Asset-light expansion model

The company stated that the property has been developed on government-owned land leased to it. This approach aligns with Praveg's asset-light business model, enabling portfolio expansion while maintaining capital efficiency. The initiative supports responsible tourism practices in ecologically sensitive areas.

Resort features and capacity

The destination offers a mix of distinctive architecture and modern amenities. Key facilities include:

• Accommodation: 100 uniquely designed units, comprising 85 cocoon-shaped rooms and 15 shell-shaped rooms.
• Leisure: Restaurant and bar facilities, spa and yoga experiences, scuba diving, water sports, cinema on the beach, and beachside pickleball.
• Events: A conference hall accommodating up to 400 guests and an outdoor venue for weddings and celebrations.
• Family amenities: An indoor play area for children.

Management perspective

Dr. CA Vishnukumar Patel, Chairman and Managing Director of Praveg, highlighted the potential of Lakshadweep as an extraordinary natural destination. He noted that the launch aims to offer distinctive hospitality experiences that allow guests to connect with nature while ensuring comfort and quality service.

The company remains focused on developing differentiated hospitality experiences in destinations distinguished by their natural beauty. By leveraging its expertise in creating non-permanent structures, Praveg seeks to preserve delicate local ecosystems while facilitating tourism growth.

Praveg Limited disclosed the voting results of its 31st Annual General Meeting (AGM) held on September 25, 2026. All five resolutions proposed during the meeting were passed by shareholders with overwhelming majority support.

The meeting, conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), commenced at 12:30 pm and concluded at 1:02 pm. Vishnukumar Vitthaldas Patel, Chairman and Managing Director, chaired the session. The company reported that 44 shareholders participated through VC, comprising five from the promoter group and 39 public shareholders.

Resolutions passed

Shareholders approved several key items of business during the AGM. The ordinary business included the adoption of both standalone and consolidated audited financial statements for the financial year ended March 31, 2026.

The following resolutions were passed:

• Declaration of a final dividend at the rate of ₹0.50 per equity share of ₹10 each for FY26.
• Appointment of Vishnukumar Vitthaldas Patel (DIN: 02011649) as a director retiring by rotation.
• Appointment of Alpeshkumar Parshottambhai Patel (DIN: 00074091) as a director retiring by rotation.

Special business and governance

Under special business, members approved the continuation of Rajendrakumar Chaturbhai Patel (DIN: 06532676) as a Non-Executive Independent Director beyond the age of 75 years. Prasad and Partners LLP was appointed as the scrutinizer to oversee the voting process through electronic means.

Remote e-voting facilities were available from September 22, 2026, to September 24, 2026. The company stated that detailed voting results will be disseminated to stock exchanges and uploaded on its website separately.

Voting outcome details

The voting results indicate strong shareholder approval for all agenda items. Promoter and promoter group shareholders voted unanimously in favor of all resolutions. Public institutional shareholders did not cast any votes. Public non-institutional shareholders showed high support, with minor dissent recorded in specific resolutions.

AGM participation details

The company noted that this document serves as a gist of proceedings and does not constitute official minutes. Voting results required under Regulation 44(3) of SEBI Listing Regulations will be submitted in a separate filing.