Mahindra holidays & Resorts India Limited has announced the launch of Club Mahindra Nadiya Parao Resort in Jim Corbett, further strengthening its presence in Uttarakhand. The launch marks a significant step in the company's accelerated expansion strategy and aligns with its ambition to become India's leading leisure hospitality player through robust resort additions, portfolio premiumisation, and disciplined capital allocation.

Resort Details and Infrastructure

The new property represents MHRIL's second resort in Jim Corbett, reinforcing its commitment to one of India's most preferred destinations for nature-led travel. The resort's comprehensive specifications demonstrate the company's focus on premium offerings:

The resort integrates premium leisure stays with extensive event infrastructure, enabling the property to unlock multiple demand segments within a single asset. The strategic design includes large landscaped lawns, a dedicated banquet hall, and direct riverfront access, positioning it to serve expanding audiences across various hospitality needs.

Strategic Expansion Goals

The Nadiya Parao launch directly supports MHRIL's ambitious growth targets and expansion timeline:

Manoj Bhat, Managing Director & Chief Executive Officer of Mahindra Holidays & Resorts India Limited, emphasized the company's family-focused approach: "Our ambition is to lead leisure hospitality in India, with families at the heart of everything we do. The launch of Nadiya Parao is another step forward in our expansion journey, in a destination where demand is strong and growing."

Company Background and Market Position

Established in 1996, MHRIL pioneered the vacation ownership model in India and has since redefined family holidays through thoughtfully designed resorts and curated experiences. The company operates under the diversified Mahindra Group and has built a substantial market presence:

• Network Size: 100+ premium resorts across India and abroad
• Member Community: 3,00,000+ members
• Brand Portfolio: Club Mahindra flagship brand and upcoming Mahindra Signature Resorts
• Market Position: India's leading leisure hospitality company

The company's expansion strategy focuses on responsible growth, sustainable operations, and long-term value creation while delivering quality holiday experiences for families. This approach aligns with the Mahindra Group's RISE philosophy, emphasizing sustainable tourism and thoughtful development.

Market Impact and Future Outlook

The Jim Corbett expansion reflects MHRIL's strategic focus on high-demand destinations where nature-led travel continues to grow. By establishing its second property in this market, the company strengthens its competitive position and enhances its ability to serve diverse customer segments through a single, well-equipped asset.

The multi-format approach of the Nadiya Parao Resort demonstrates MHRIL's evolution beyond traditional vacation ownership into comprehensive leisure hospitality services, positioning the company to capture growing demand across family holidays, destination events, and corporate travel segments.

Mahindra holidays & Resorts India Limited has announced the allotment of 4,081 equity shares under its Employee Stock Options Scheme 2020, as approved by the Securities Allotment Committee through a circular resolution dated February 09, 2026. The development was communicated to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital Enhancement

The allotment of equity shares has resulted in an increase in the company's issued and paid-up share capital. Each share carries a face value of Rs. 10, contributing to the overall capital expansion.

ESOP Implementation Details

The shares were allotted pursuant to the exercise of options granted under the Mahindra Holidays & Resorts India Limited Employees Stock Options Scheme 2020. This scheme represents the company's commitment to employee participation in its growth and success through equity ownership.

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects. This includes eligibility for dividend distributions and corporate benefits that may be declared by the company after the allotment date.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the share allotment. Additionally, the intimation has been uploaded on the company's official website at clubmahindra.com under the investor information section, ensuring transparency and accessibility for stakeholders.

The allotment represents a routine corporate action under the company's established employee stock option framework, reflecting ongoing employee participation in the organization's equity structure.