Praveg Limited has announced the launch of a new business unit called Praveg Rannutsav, marking a significant step in the company's resort development initiative in Kutch. This strategic move demonstrates Praveg's commitment to expanding its footprint in the hospitality sector.

New Business Unit Launch

The newly established unit, Praveg Rannutsav, has been specifically created to support the company's resort operations in the Kutch region. This initiative represents Praveg's focused approach toward developing hospitality infrastructure in this strategic location.

Strategic Expansion

The launch of Praveg Rannutsav aligns with the company's broader strategy to strengthen its position in the hospitality and resort business. By establishing a dedicated unit for the Kutch resort initiative, Praveg aims to streamline operations and enhance service delivery in this specific market segment.

Business Implications

This development indicates Praveg's commitment to expanding its operational capabilities in the hospitality sector. The creation of a specialized unit for the Kutch resort project suggests a structured approach to managing this particular business venture, potentially improving operational efficiency and market focus in the region.

The launch of Praveg Rannutsav as part of Praveg's resort initiative in Kutch represents a significant expansion of the company's hospitality operations in the area. This move underscores the company's dedication to growing its presence in the hospitality industry and capitalizing on the tourism potential of the Kutch region.

Praveg Limited has announced the incorporation of a wholly-owned subsidiary to expand its hospitality operations in Gujarat. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations on December 20, 2025.

New Subsidiary Details

The newly incorporated entity, Praveg Rannutsav Private Limited, received its Certificate of Incorporation from the Ministry of Corporate Affairs on December 20, 2025. The subsidiary has been established with its registered office in Ahmedabad, Gujarat.

Business Objectives and Operations

The subsidiary has been incorporated specifically to carry on the business of construction, development, operation, and maintenance including marketing of permissible components of resort development. The primary focus will be on developing resort facilities comprising rooms and dormitories at Dhordo, Kutch, Gujarat.

The business activities of the new subsidiary align with Praveg Limited's main line of business in the hospitality sector. The company confirmed that this venture falls within its core operational framework and does not represent a diversification outside its established business model.

Strategic Significance

The incorporation represents Praveg Limited's expansion in the hospitality and resort development sector. The Dhordo location in Kutch, Gujarat, positions the company to capitalize on tourism opportunities in the region. The subsidiary structure allows for focused management and operations of the resort development project.

Regulatory Compliance

As a wholly-owned subsidiary, Praveg Rannutsav Private Limited will be classified as a related party of Praveg Limited upon incorporation. The company has confirmed that promoters, promoter groups, and group companies have no additional interest in the newly incorporated entity beyond the parent company's 100% ownership.

The subsidiary currently reports nil turnover and other income, as expected for a newly incorporated entity. The company has indicated that no additional governmental or regulatory approvals are required for this incorporation.