Praveg Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing robust performance across its business segments. The company's Board of Directors, meeting on February 12, 2026, approved both the quarterly results and significant organizational changes that position the company for continued growth.

Financial Performance Highlights

The company delivered strong consolidated financial results for Q3FY26, demonstrating substantial growth in revenue and maintaining profitability. The Event, Exhibitions & Hospitality segment continued to be the primary revenue driver, while the Advertisement segment showed consistent contribution.

Segment-wise Performance

Praveg Limited operates through two distinct business segments, each contributing to the overall revenue growth. The Event, Exhibitions & Hospitality segment maintained its position as the dominant revenue contributor, while the Advertisement segment showed steady performance.

Leadership Restructuring

The Board approved significant leadership changes effective February 12, 2026, subject to shareholder approval. These changes reflect the company's strategic direction and governance enhancement as disclosed under Regulation 30 of SEBI Listing Regulations.

Key Appointments and Changes

• Mr. Vishnukumar Vitthaldas Patel: Designation changed from Chairman and Non-Executive Director to Chairman and Managing Director for a five-year term
• Ms. Bijal Kiran Parikh: Transitioned from Executive Director to Non-Executive Director
• Committee Restructuring: Nomination and Remuneration Committee and Risk Management Committee were reconstituted

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Praveg Limited reported consolidated revenue from operations of ₹16,734.57 lakhs compared to ₹10,911.13 lakhs in the corresponding previous period. However, the company recorded a net loss of ₹503.86 lakhs for the nine-month period, compared to a profit of ₹1,271.44 lakhs in the previous year.

Corporate Governance Initiatives

The company appointed National Securities Depository Limited (NSDL) as the Remote E-Voting Agency and M/s ALAP & Co. LLP, Company Secretaries as Scrutinizer for conducting the postal ballot process. These appointments demonstrate the company's commitment to transparent and efficient corporate governance practices.

Operational Infrastructure

Praveg Limited's consolidated results include seven subsidiaries: Praveg Communications (USA) Inc, Praveg Communications (AUS) Pty Ltd, Praveg Adalaj Tourism Infrastructure Private Ltd, Praveg Safaris Kenya Limited, Praveg Safaris Tanzania Limited, Abhik Advertising Private Limited, and Bidhan Advertising and Marketing Private Limited. The subsidiary operations contributed ₹68.20 lakhs in revenue and reported a net loss of ₹9.84 lakhs for the quarter.

Praveg Limited has announced that Mahindra Holidays & Resorts India Limited (MHRIL) has exited the inventory arrangement for two of its beach resort properties in Diu. The company informed BSE on January 30, 2026, about this development under Regulation 30 of SEBI listing requirements.

Properties Affected by MHRIL Exit

The inventory arrangement termination applies to the following two properties:

Background and Current Status

This development follows Praveg Limited's earlier intimation dated December 20, 2024, regarding the press release on entering into an inventory arrangement with MHRIL for certain properties. The company emphasized that the inventory arrangement with MHRIL remains unchanged and continues for all other properties as previously disclosed.

Impact Assessment

Praveg Limited has provided assurance regarding the minimal impact of this development:

• The company continues to operate and manage these properties independently
• No material adverse impact on operations expected
• Financial position remains unaffected
• Business prospects continue as planned

Operational Continuity

The exit from the inventory arrangement for the two Diu properties has been executed mutually between both parties. Praveg Limited maintains that this change occurs within the ordinary course of business operations. The company retains full operational control over both beach resort properties and expects seamless continuity in their management and guest services.

The remaining portfolio of properties under the MHRIL inventory arrangement continues unchanged, ensuring that the broader partnership between the two hospitality companies remains intact for other locations.