Ventive Hospitality has announced the approval of two strategic acquisitions through its Investment Committee meeting held on March 30th, 2026. The hospitality company has greenlit investments totaling ₹89.18 crores across two separate entities, marking a substantial step in its growth strategy.

Investment Committee Approval

The company's Investment Committee, in their meeting that commenced at 5:00 P.M. IST and concluded at 5:15 P.M. IST, approved the acquisition of strategic stakes in two distinct entities. The acquisitions will be executed through the company's subsidiary companies, demonstrating a structured approach to expansion.

Strategic Land Acquisition

The larger acquisition involves Narmada Estates Private Limited, incorporated on March 22, 1993, where Ventive will secure a controlling majority stake of 50.02% for ₹88.68 crores through its material subsidiary Panchshil Corporate Park Private Limited. Narmada Estates owns a land parcel in the vicinity of the existing hotel "The Ritz-Carlton, Pune," making this acquisition strategically valuable for expanding operations near existing premium hospitality assets.

Complete Hospitality Acquisition

In the second transaction, the company will acquire 100% ownership of Sun Leisure (India) Private Limited, operating under the brand Sol De Goa, for ₹0.50 crores through its subsidiary Soham Leisure Ventures Private Limited. Sun Leisure, incorporated on April 20, 2009, operates in the hospitality business in Goa and has demonstrated consistent revenue performance.

Regulatory Compliance and Timeline

The acquisitions have been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both transactions are expected to be completed within 3 months and require no additional governmental or regulatory approvals. The acquisitions strengthen Ventive's leisure hospitality portfolio in Goa while expanding its presence near existing premium hotel operations in Pune.

Ventive Hospitality Limited has received a significant tax demand notice from the Income Tax Department, as disclosed in a regulatory filing on March 13, 2026. The company informed stock exchanges about receiving an order under Section 143(3) of the Income Tax Act, 1961, which has resulted in a substantial tax demand.

Tax Demand Details

The Income Tax Department has issued a demand notice following an assessment order for Assessment Year 2024-25 (Financial Year 2023-24). According to the company's disclosure, computational errors in the assessment order have led to an erroneous tax demand.

Assessment Order Analysis

The company clarified that there is no change in the assessed income compared to the income reported in the tax return filed for FY 2023-24. However, the computation of income forming part of the Assessment Order contains errors, which have consequently resulted in the erroneous tax demand of Rs. 6,37,96,318.

Company's Response Strategy

Ventive Hospitality has outlined its plan to address the tax demand through proper legal channels. The company will file a Rectification Application under Section 154 of the Income Tax Act, 1961 before the concerned Assessing Officer against the Assessment Order.

The management expressed confidence that the erroneous demand will be rectified and nullified at the earliest. The company emphasized that the Assessment Order has no impact on its financial position, operations, or any other activities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was communicated to both BSE Limited and National Stock Exchange of India through the company's Company Secretary and Compliance Officer, Pradip Bhatambrekar.

Financial Impact Assessment

Despite the substantial amount involved in the tax demand, Ventive Hospitality maintains that there will be no material impact on the company's operations or financial activities. The company's confidence in rectifying the computational errors suggests that the demand may not result in any actual financial outflow once the rectification process is completed.