Phoenix Township Limited , a hospitality company operating hotels in Goa and Kerala, has officially changed its name to HBG Hotels Limited. The rebranding, which took effect on November 4, 2025, marks a significant milestone for the company's corporate identity.

Key Details of the Name Change

Regulatory Compliance and Transparency

The company has diligently followed the regulatory procedures for this corporate action:

1. The proposal for the name change was initially intimated on August 14, 2025.
2. A fresh Certificate of Incorporation was issued on November 4, 2025, by the Registrar of Companies.
3. The company has informed the BSE (Bombay Stock Exchange) about the name change, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Stakeholders

While the name change is now in effect, it's important to note that this does not affect the rights and liabilities of stakeholders. However, for transparency and compliance:

• The company is required to display both the old and new names at all locations for a period of two years following the name change.
• Stakeholders are advised to verify the latest status of the company and its directors on the Ministry of Corporate Affairs website ( www.mca.gov.in/MCA21 ).

Company Operations

HBG Hotels Limited (formerly Phoenix Township Limited) continues to operate its established properties:

1. Park Inn by Radisson in Goa
2. Phoenix Island Resort in Kerala

The company's corporate office remains at Hede House, Mumbai, while its registered office is located in Panaji, Goa.

This rebranding initiative may signal a new chapter for the company in the hospitality sector, potentially aligning its corporate identity more closely with its hotel operations and future strategic direction.

Phoenix Township , a prominent player in the hospitality sector, has announced a series of strategic moves that signal a significant expansion of its business operations. The company's latest initiatives encompass funding acquisition, stake purchase, and a potential new hotel project, positioning it for substantial growth in the coming years.

Substantial Funding Boost

In a notable financial development, Phoenix Township is set to receive an additional infusion of ₹500.00 crore from Green First Estate. This substantial investment is expected to bolster the company's financial position, providing it with the necessary capital to fuel its ambitious growth plans.

Strategic Acquisition

As part of its expansion strategy, Phoenix Township has revealed plans to acquire a commanding 97.96% stake in Palolem Resorts LLP. This move is likely to strengthen the company's portfolio in the resort segment and expand its geographical footprint. The acquisition of Palolem Resorts LLP, known for its presence in the popular beach destination of Goa, could potentially enhance Phoenix Township's offerings in the leisure travel market.

Collaboration with Global Hospitality Giant

In a significant step towards expanding its hospitality portfolio, Phoenix Township has approved a memorandum of understanding (MOU) with Marriott, a global leader in the hospitality industry. The MOU outlines plans to construct a new hotel in Kerala, a popular tourist destination in South India. This collaboration with Marriott could potentially elevate Phoenix Township's brand presence and bring international hospitality standards to its operations.

Implications for Growth

These strategic moves collectively paint a picture of Phoenix Township's aggressive growth strategy. The key elements of this strategy include:

• Substantial funding from Green First Estate
• Acquisition of Palolem Resorts LLP
• Planned hotel project in collaboration with Marriott

The company's multi-pronged approach – encompassing financial strengthening, strategic acquisitions, and partnerships with global brands – suggests a comprehensive plan to enhance its market position in the competitive hospitality sector.

As these plans unfold, stakeholders will be keenly watching how Phoenix Township leverages these opportunities to drive growth and create value in the dynamic hospitality market.