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Latest news about Praveg

Praveg Limited Launches New Unit Praveg Rannutsav for Kutch Resort Development 2 days ago

Praveg Limited has introduced a new business unit, Praveg Rannutsav, to support its resort operations in the Kutch region. This strategic move aims to expand the company's presence in the hospitality sector, focusing on developing and managing resort infrastructure in Kutch. The dedicated unit is expected to streamline operations and enhance service delivery in this specific market segment.

Praveg Limited Incorporates Wholly-Owned Subsidiary for Resort Development in Gujarat 4 days ago

Praveg Limited Shareholders Approve Loans and Guarantees to Related Entities Dec 03, 2025

Praveg Limited Reports 28.94% Revenue Growth in H1 FY26 Amid Expansion and Seasonal Challenges Nov 20, 2025

Praveg Limited Secures 35-Year Contract for Luxury Resort Development in Kutch Nov 18, 2025

More news about Praveg

17Nov 25

Praveg Limited Cancels 856,976 Convertible Warrants Due to Non-Exercise

Praveg Limited has cancelled 856,976 convertible warrants after two warrant holders failed to exercise their conversion rights by the November 16, 2025 deadline. The cancelled warrants belonged to Ms. Rekha Rajesh Patel (560,000) and Ms. Vibhuti Jayesh Patel (296,976). The original warrant price was Rs. 955.00, with a subscription price of Rs. 238.75 and an exercise price of Rs. 716.25. The company has forfeited the subscription amounts paid by the holders, in line with SEBI regulations. Praveg Limited has informed the BSE Limited about this development in compliance with regulatory requirements.

14Nov 25

Praveg Reports Q2 Net Loss Despite Revenue Growth; Secures New Contract for Rashtriya Ekta Diwas 2025

Praveg Limited reported a consolidated net loss of 96.70 million rupees in Q2, despite a 19.4% year-over-year revenue increase to 375.00 million rupees. The company's EBITDA declined to 36.00 million rupees, with margin compression to 9.64%. For H1, total income grew 28.94% to 7,771.00 million rupees, but resulted in a net loss of 1,497.00 million rupees. Profitability was impacted by higher operating costs at new properties, seasonal closures, and expansion-related expenses. Praveg secured a new 26.85 million rupee contract for infrastructure development at the Statue of Unity. The company operates over 825 rooms across 17 resorts and one hotel, and management expects improved profitability as occupancy levels mature.

17Oct 25

Praveg Reports No Financial Impact Following Income Tax Department Search

Praveg Limited announced the conclusion of an Income Tax Department search at its registered office on October 17, 2025. The company confirmed no financial impact from the operation and stated that business activities remained stable throughout. Praveg reaffirmed its commitment to regulatory compliance and corporate governance, promising to provide further updates as material information becomes available.

26Sept 25

Praveg Adalaj Theme Park Officially Inaugurated by Gujarat Chief Minister

Praveg Limited successfully inaugurated its flagship Adalaj Theme Park and Heritage Stepwell Museum on December 22, 2025, with Gujarat Chief Minister Bhupendrabhai Patel as the chief guest. The project, developed under a PPP model with TCGL on a 30-year lease, spans 23,000 square meters and features comprehensive facilities including amphitheatres, dining spaces, and a heritage museum, establishing a new landmark for cultural tourism and premium events in Gujarat.

05Sept 25

Praveg Communications Reports 161% Revenue Surge in Q2 FY22

Praveg Communications (India) Limited announced strong Q2 FY22 results with consolidated revenue reaching Rs. 891.34 lakhs, a 161% increase year-over-year. Profit soared by 265% to Rs. 169.34 lakhs. Half-year revenue grew 133% to Rs. 1,254.52 lakhs. The company reported no significant COVID-19 impact during the quarter, indicating business recovery. Unbilled services worth Rs. 113.10 lakhs were included in the revenue.

19Aug 25

SEBI Issues Show Cause Notice to Praveg Limited, Financial Impact Uncertain

Praveg Limited, listed on BSE, has received a show cause notice from SEBI for alleged violations of SEBI circular and LODR regulations. The notice, dated August 19, 2025, cites potential breaches of Clause I.A.3(a) of Annexure I to SEBI Circular No. CFD/DIL3/CIR/2017/21 and Regulation 11 of LODR Regulations. The company states that the financial impact cannot be quantified at this time. Praveg Limited has not provided additional comments on the allegations in its public filing.

04Aug 25

Praveg Limited Secures ₹4 Crore Contract for World Lion Day 2025 Celebration

Praveg Limited has been awarded a ₹3.99 crore contract by the Forest Department, Government of Gujarat, to manage the World Lion Day 2025 celebration. The event, featuring the Chief Minister of Gujarat, is scheduled for August 10, 2025, in Timdi, Gujarat. This one-time assignment demonstrates Praveg's growing presence in the event management sector and its ability to secure high-profile contracts.

30May 25

Praveg Reports Strong Q4 Results with 30.8% Revenue Growth, Declares Dividend

Praveg Limited announced impressive Q4 FY2024 results, with revenue increasing by 30.80% year-over-year to 425.00 million rupees. EBITDA rose by 27.10% to 108.00 million rupees, while net profit doubled to 30.00 million rupees. The company declared a dividend of 1 rupee per share. Despite strong growth, EBITDA margin slightly decreased to 25.41%. Quarter-on-quarter net profit declined from 76.00 million rupees in the previous quarter to 30.00 million rupees in Q4.

19May 25

Praveg Limited Expands Hospitality Portfolio with New Resort in Daman

Praveg Limited has launched Praveg Resort Kachigam, a high-end accommodation in Daman, expanding its hospitality portfolio. The resort is positioned as a premier island retreat, capitalizing on the growing demand for upscale leisure destinations in coastal areas. This strategic move aims to diversify the company's offerings and tap into new customer segments in the tourism market.

23Apr 25

Praveg Limited Announces Strategic Merger with Eulogia Inn, Eyes NSE Listing

Praveg Limited has approved a merger with Eulogia Inn Private Limited and plans to list on the National Stock Exchange of India. The share exchange ratio is set at 1,000 Praveg shares for every 6,683 Eulogia Inn shares. The merger aims to strengthen Praveg's presence in the hospitality sector, offering complementary business lines and operational synergies. Post-merger, promoter shareholding will increase to 50.23% from 45.50%. The deal is subject to regulatory and shareholder approvals.