Viceroy Hotels Limited has successfully completed the acquisition of SLN Terminus Hotels and Resorts Private Limited following shareholder approval at its Extra-Ordinary General Meeting held on December 27, 2025. The company disclosed the acquisition completion under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a significant expansion in its hospitality portfolio.

EGM Results and Shareholder Approval

The EGM was conducted through video conferencing with 55 members participating, commencing at 11:00 AM IST and concluding at 11:33 AM IST. All five resolutions were passed with overwhelming majority support, demonstrating strong shareholder confidence in the company's strategic direction.

Acquisition Details and Target Company Profile

SLN Terminus Hotels and Resorts Private Limited operates a Marriott-associated hotel on leased premises spanning the 9th to 12th floors with 75 long-stay rooms. The property measures 1,65,000 sq. ft. plus parking and includes an undivided land share of 2,442 Sq Yds situated at SLN Terminus, Sy.No.133, Gachibowli, Hyderabad.

Related Party Transaction and Strategic Rationale

The acquisition constitutes a related party transaction as Mr. S. Prabhaker Reddy serves as a director at Viceroy Hotels Limited and Managing Director of SLN Terminus Hotels and Resorts Private Limited. The transaction was conducted at arm's length based on valuation reports obtained, ensuring fair pricing and regulatory compliance.

Voting Results Summary

All resolutions received strong shareholder support with over 99% approval rates:

Strategic Impact and Future Outlook

The acquisition facilitates strategic portfolio expansion within the hospitality segment, strengthening Viceroy Hotels' market presence and asset base. The company expects the acquisition to generate operational synergies, improve cost efficiency, and optimize resource utilization. The operational agreement with the Marriott group aligns with the company's existing operations, positioning it for enhanced revenue growth and profitability. The board had initially approved the acquisition proposal on December 1, 2025, with the current disclosure following shareholder approval as required under SEBI regulations.

Viceroy Hotels Limited , a prominent player in Hyderabad's hospitality sector, has released its financial results for the second quarter of fiscal year 2026, showcasing resilience amidst ongoing renovation work at its Courtyard property.

Financial Highlights

For Q2 FY26, Viceroy Hotels reported:

• Total income: INR 31.86 crores
• EBITDA: INR 8.82 crores
• EBITDA margin: 27.70%

The company's performance reflects its ability to maintain strong margins despite the impact of renovation activities on occupancy rates at the Courtyard property.

Renovation Progress and Impact

Viceroy Hotels is currently executing a phased INR 120 crore investment plan across its Marriott and Courtyard properties in Hyderabad. The renovation project includes:

• Addition of 56 new rooms at the Courtyard property
• Upgrades to existing facilities
• Expansion of convention center space

The company reported that phase one of the renovation is nearing completion, with the 56 new rooms at Courtyard already operational. This expansion brings the total room inventory across both properties to 463 rooms.

Occupancy and ADR Trends

While the ongoing renovation work has impacted occupancy rates at the Courtyard property, the company has seen improvements in Average Daily Rate (ADR):

The company expects occupancy levels to improve once the renovations are completed.

Future Outlook

Viceroy Hotels remains optimistic about its future prospects, citing several factors:

1. Limited Supply in Hyderabad: The company believes that the supply of new hotel rooms in Hyderabad will remain constrained for the next five years, creating favorable conditions for existing players.

2. Convention Center Expansion: Plans are underway to expand the convention center from 10,000 sq ft to 20,000 sq ft, positioning the company to capture a larger share of the MICE (Meetings, Incentives, Conferences, and Exhibitions) market.

3. Improved Facilities: The ongoing renovations are expected to enhance guest experiences and enable the company to command higher ADRs.

4. Potential for New Properties: The company is exploring opportunities for both Greenfield and Brownfield developments, including possible expansion into leisure destinations.

Management Commentary

Anirudh Reddy, Non-Executive and Non-Independent Director, commented on the results: "We are pleased with our performance this quarter, especially considering the ongoing renovation work. The completion of phase one, including the addition of 56 new rooms at Courtyard, marks an important milestone in our journey. We are confident that these upgrades will significantly enhance our guest experience and drive revenue growth in the coming quarters."

As Viceroy Hotels continues its renovation and expansion plans, the company aims to strengthen its position in Hyderabad's competitive hospitality market. With a focus on upgrading facilities and capturing growing demand, particularly in the business and MICE segments, Viceroy Hotels is positioning itself for sustainable growth in the years ahead.