3P Investment Managers Private Limited has disclosed crossing the 5% shareholding threshold in Mahindra Holidays and Resorts India Limited, triggering mandatory disclosure requirements under SEBI regulations. The investment manager, representing 3P India Equity Fund and its associated schemes, acquired additional shares through open market transactions.

Acquisition Details

The fund acquired 2,00,000 equity shares of Mahindra Holidays and Resorts India Limited on March 06, 2026, through open market purchases. This acquisition represents 0.10% of the company's total share capital and pushed the fund's total holding above the regulatory threshold of 5%.

Fund Structure and Compliance

3P India Equity Fund operates as a Category III Alternative Investment Fund registered with SEBI under registration number IN/AIF3/22-23/1221. The fund manages three schemes: 3P India Equity Fund 1, 3P India Equity Fund 1M, and 3P India Equity Fund 2M, with 3P Investment Managers Private Limited serving as the investment manager.

The disclosure was made under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, which requires mandatory disclosure when an acquirer's shareholding reaches or exceeds 5% of a target company's shares.

Company Capital Structure

Mahindra Holidays and Resorts India Limited's equity share capital remains unchanged at Rs. 2,02,03,93,210, comprising 20,20,39,321 equity shares of Rs. 10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Investment Approach

The acquisition aligns with 3P Investment Managers' stated investment philosophy, which emphasizes prudent portfolio creation of sustainable and reasonably valued businesses, patience with long-term investment horizons, and performance-driven outcomes. The fund maintains that it does not belong to the promoter or promoter group of Mahindra Holidays and Resorts India Limited.

The contact person for any clarifications regarding this disclosure is Mr. Sharad Mohnot, Chief Compliance Officer, who can be reached at +91 2269544402 or sharadm@3pim.in .

Mahindra Holidays & Resorts India Limited has announced the signing of a new resort agreement in Dapoli, located near Murud Beach in Maharashtra. This strategic expansion adds 110 keys to the company's growing portfolio and represents a significant step in its ambitious growth trajectory, as detailed in the company's official press release dated March 4, 2026.

Resort Development Details

The new Dapoli resort will be developed in a phased manner across 13 acres to ensure optimal execution and market readiness. The project specifics include:

Resort Amenities and Features

Designed as a contemporary coastal retreat, Club Mahindra Dapoli Resort will cater to families seeking immersive, experience-led stays. The planned amenities include a sea-facing all-day dining restaurant, an open-air café, swimming pool and spa, a fully equipped fitness centre, and a dedicated Happy Hub for children's recreation. The property will also feature a 500-pax indoor banquet hall and an expansive outdoor lawn accommodating 800–1,000 guests, positioning it as a compelling venue for destination celebrations and large-format gatherings.

Strategic Expansion Initiative

This resort signing aligns with Mahindra Holidays' broader expansion strategy aimed at significantly scaling its operations. The company has set an ambitious target to reach over 10,000 keys under Club Mahindra and an overall portfolio scale of 12,000 keys by FY30. This addition forms part of the company's FY26–FY30 roadmap and supports the FY26 goal of 1,000 new rooms.

Management Commentary

Manoj Bhat, Managing Director & Chief Executive Officer, Mahindra Holidays & Resorts India Ltd, commented: "Dapoli strengthens our western coast circuit and reflects our focus on adding high-quality inventory in high-demand destinations for India's growing base of holidaying families. We want to deepen our footprint thoughtfully, expand our resort network with discipline, and continue building the most trusted leisure hospitality brand in the country."

Market Positioning

The Dapoli location near Murud Beach offers strategic advantages for the resort business, capitalizing on the coastal tourism potential of Maharashtra. Dapoli strengthens MHRIL's presence in high-growth coastal markets with strong drive-to demand and marks the first of several planned developments along India's western coast. The phased development approach demonstrates the company's commitment to sustainable growth while ensuring quality standards across its properties.