Atal Realtech Limited , a company currently listed on the BSE SME Platform, has announced a significant move towards expanding its market presence. The company's Board of Directors has given the green light for migrating its equity shares listing from the BSE SME Platform to the Main Board of both BSE Limited and the National Stock Exchange of India Limited (NSE).

Key Points of the Migration Approval

• Board Approval: The Board of Directors has approved the migration of the company's equity shares.
• Current Listing: Atal Realtech is presently listed on the BSE SME Platform.
• Target Boards: The company aims to list on the Main Board of BSE Limited and the National Stock Exchange of India Limited.
• Regulatory Approvals: The migration is subject to approvals from BSE, NSE, shareholders, and other regulatory bodies.

Next Steps for Shareholders

• Postal Ballot: A postal ballot notice will be sent to shareholders for their approval.
• Electronic Communication: The notice will be sent electronically to the registered email addresses of shareholders.
• Cut-off Date: The eligibility for shareholders to participate in the postal ballot is set at June 3, 2022.

This strategic move by Atal Realtech signifies a potential leap in the company's growth trajectory. Migration to the main boards of BSE and NSE could offer several advantages, including increased visibility, potentially higher trading volumes, and access to a broader investor base.

Shareholders and potential investors should note that this migration is still subject to various approvals and is not yet finalized. The company will likely provide further updates as it progresses through the regulatory requirements and shareholder voting process.

As always, investors are advised to conduct their own research and consider their financial goals before making any investment decisions based on this development.

Vikram Kamats Hospitality Limited (VKHL) has announced a significant expansion of its portfolio through a strategic move by its material subsidiary, Vitizen Hotels Limited. The company has secured a long-term lease agreement for a hotel property in the heart of Bengaluru's bustling Manyata Tech Park, marking a crucial step in its growth strategy within key metropolitan markets.

Strategic Location and Property Details

The newly leased property comprises approximately 45 keys and is strategically situated within Manyata Tech Park, one of Bengaluru's prominent IT hubs. This location positions the hotel to cater to a growing demand from corporate travelers, business professionals, and long-stay guests in the region.

Expansion Strategy and Business Model

This development aligns with VKHL's expansion strategy, which focuses on growing its presence in key metropolitan cities through a combination of asset-light models and long-term lease arrangements. The addition of this property is expected to:

• Strengthen the company's brand presence in Southern India
• Enhance operating leverage
• Diversify the portfolio in the Southern market
• Contribute meaningfully to consolidated business revenue

Management's Perspective

Mr. Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, commented on the development: "This marks another important milestone in our expansion journey. The strategic location of this property at Manyata Tech Park, Bengaluru, positions us to cater to the growing demand from business and corporate travelers in one of India's most dynamic markets."

He further added, "With this addition, we further strengthen our portfolio under the asset-light model, which we believe will drive sustainable growth and create long-term value for our stakeholders."

Company Background

Vikram Kamats Hospitality Limited, incorporated in 2007 and headquartered in Mumbai, is a prominent Indian hospitality company known for its mid-scale hotels and iconic vegetarian restaurant chains. The company operates through three strategic business verticals:

1. COCO / Leased Model: Directly owns or operates select hotels and restaurants
2. Managed / Franchised Model: Partners with third-party operators under VKHL brands
3. Vitizen Hotels Ltd.: An 84% subsidiary managing the VITS Hotels & Resorts portfolio

With more than 25 hotels, 29 restaurants, and a growing national footprint, VKHL has established a strong presence across key markets in India's fast-growing hospitality sector.

This latest expansion in Bengaluru's Manyata Tech Park reinforces VKHL's commitment to growth and its strategy of targeting high-demand locations with asset-light models. As the company continues to expand its footprint, it aims to capitalize on the increasing demand for quality hospitality services in India's burgeoning business hubs.