Praveg Limited submitted its Business Responsibility and Sustainability Report for FY26 to the Bombay Stock Exchange on September 3, 2026. The filing discloses operational metrics for the financial year ended March 31, 2026.

The hospitality company reported a turnover of ₹1,326.3 crore and a net worth of ₹4,519.2 crore. CSR obligations are applicable under Section 135 of the Companies Act, 2013.

Operational Overview

Praveg operates 17 hotels across three states—Gujarat, Rajasthan, and Uttar Pradesh—and two Union Territories: Dadra and Nagar Haveli and Daman and Diu, and Lakshadweep. The group maintains 18 offices nationwide.

Revenue Composition

Accommodation services drive the majority of revenue, contributing 77% of total turnover. Food and beverage services account for 21%, while other services make up the remaining 2%.

Human Capital Metrics

As of March 31, 2026, the company employed 1,024 permanent employees. The workforce is predominantly male, with men comprising 93.94% (962 employees) and women making up 6.05% (62 employees). There were no differently abled employees or workers reported.

Employee turnover rates showed significant variation by gender in FY26. Male permanent employee turnover stood at 44%, while female turnover was 3.63%, resulting in a total permanent employee turnover rate of 47.63%.

Governance and Compliance

The Board of Directors includes 8 members, with women holding 25% of seats (2 directors). Key Management Personnel consists of 3 individuals, with no female representation.

The company reported no monetary penalties, fines, or settlements during FY26. One employee grievance was filed and remains pending resolution.

What the Numbers Show

Praveg’s business model relies heavily on accommodation services, which generate nearly four-fifths of its turnover. This concentration indicates that performance in room occupancy and average daily rates will be the primary drivers of top-line growth, outweighing contributions from food and beverage outlets.

Promoter Vishnukumar Vitthalbhai Patel acquired 9,03,213 equity shares of Praveg Limited from fellow promoter group member Vitthalbhai Dwarkabhai Patel. The off-market transaction, executed via share transmission on August 27, 2026, resulted in no change to the promoter group’s aggregate holding.

The disclosure was filed with BSE Limited on August 31, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer adjusts individual holdings within the promoter circle without altering the total voting power controlled by the group.

Transaction Details

Vishnukumar Patel’s stake increased by 3.46% to reach 25.16% of the total share capital. Conversely, Vitthalbhai Patel’s holding dropped by the same percentage, reducing his individual stake to zero as he exited the disclosed shareholder list post-transfer. The transaction involved no encumbrances or convertible securities.

Promoter Group Stake

The combined holding of the promoter and promoter group entities remained stable at 1,20,72,294 shares, representing 46.18% of the total voting capital. The group includes Patel Ashaben Vishnukumar, Kamlaben Vitthalbhai Patel, Vishnubhai Vitthalbhai Patel HUF, Harsh Vishnubhai Patel, Zalak Harsh Patel, and Jhaveri Credits and Capital Limited. None of these other entities saw changes in their share counts during this transaction.

Capital Structure

The company’s equity share capital stands at ₹26,14,06,950, comprising 2,61,40,695 equity shares with a face value of ₹10 each. The total diluted voting capital is recorded at INR 26,15,01,760, consisting of 2,61,50,176 equity shares.