TAJ GVK Hotels & Resorts Limited has announced a strategic acquisition that will strengthen its position in the hospitality sector. The company's Board of Directors approved the purchase of an additional 2.01% equity stake in Green Woods Palaces and Resorts Private Limited during a meeting held on 9th February, 2026.

Acquisition Details

The transaction involves the purchase of 15,05,100 equity shares of Rs.10 each at a premium of Rs.96.91 per share from Greenridge Hotels & Resorts LLP, the joint venture partner. The acquisition parameters are outlined below:

Shareholding Changes

This acquisition will significantly alter TAJ GVK's ownership structure in Green Woods Palaces and Resorts Private Limited. The shareholding transition will convert the joint venture company into a subsidiary:

Target Company Profile

Green Woods Palaces and Resorts Private Limited operates the Taj Santacruz hotel in Mumbai and has demonstrated strong financial performance. The company was incorporated on 04.05.2001 and operates exclusively in India's hospitality sector.

Financial Performance

Three-Year Revenue Trend

Transaction Structure

The acquisition is structured as a cash transaction conducted on an arm's length basis. The share valuation was performed by an Independent Valuer registered with the Insolvency and Bankruptcy Board of India (IBBI), New Delhi. As Green Woods Palaces is already a joint venture company, this transaction qualifies as a related party transaction under the Companies Act, 2013.

Strategic Impact

The acquisition aligns with TAJ GVK's core hospitality business and will provide greater operational control over the Taj Santacruz hotel operations. With majority shareholding secured, the company can implement strategic decisions more effectively while benefiting from the target company's consistent revenue growth trajectory. No governmental or regulatory approvals are required for completing this transaction.

Taj GVK Hotels & Resorts Ltd announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing robust operational performance across both standalone and consolidated operations. The company demonstrated strong financial metrics with significant revenue growth and healthy profitability levels, with results approved by the Board of Directors on February 9, 2026.

Q3 FY26 Standalone Financial Performance

The company delivered solid quarterly results with strong revenue growth of 27.3% quarter-on-quarter, demonstrating operational resilience and market recovery in the hospitality sector.

Nine Months FY26 Performance

The company's nine-month performance showed strong revenue growth and improved profitability compared to the corresponding period in the previous year, with PAT growing significantly.

Consolidated Results Performance

The consolidated financial results, which include the joint venture operations with Green Woods Palaces and Resorts Pvt Ltd, showed enhanced performance with additional contributions from associated entities.

Expense Analysis and Operational Metrics

The quarterly results reflected increased operational expenses across various categories, indicating business expansion and inflationary pressures on costs, while finance costs decreased significantly.

Board Meeting and Regulatory Compliance

The Board of Directors approved and took on record the unaudited financial results at their meeting held on February 9, 2026. The meeting commenced at 11:30 a.m. and concluded at 1:30 p.m., with all results prepared in accordance with Indian Accounting Standards (Ind-AS) and submitted to both BSE and NSE as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were reviewed by M. Bhaskara Rao & Co., Chartered Accountants, who provided independent auditor review reports for both standalone and consolidated results.