Oberoi Realty Completes Acquisition of Hotel Horizon Private Limited with 49.999% Stake and Rs. 460 Crore Investment

Oberoi Realty Limited has successfully completed the implementation of the Resolution Plan for Hotel Horizon Private Limited (HHPL) on May 7, 2026, marking a significant corporate development under the Insolvency and Bankruptcy Code, 2016. The completion follows a series of regulatory and judicial milestones that culminated in the full payment of the Resolution Money by the consortium on the designated Transfer Date.

Acquisition Details and Investment Structure

Oberoi Realty now holds a 49.999% shareholding in HHPL following the completion of the resolution process. The company's total investment in HHPL amounts to Rs. 460 Crore, structured as outlined below:

Parameter: Details Shareholding Acquired: 49.999% in HHPL Total Investment by Oberoi Realty: Rs. 460 Crore Equity Shares Subscribed: Rs. 49,999 equity shares of Rs. 100 each at par value Equity Subscription Amount: Rs. 49,99,900/- Balance Investment: Unsecured loan Transfer Date: May 7, 2026

The equity component comprises Rs. 49,999 equity shares of Rs. 100 each at par value, aggregating to Rs. 49,99,900/-, with the remaining portion of the Rs. 460 Crore investment structured as an unsecured loan to HHPL.

Consortium and Resolution Plan Background

The Resolution Plan was submitted by a consortium comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited. The Hon'ble National Company Law Tribunal (NCLT), Mumbai, had approved this Resolution Plan in the Corporate Insolvency Resolution Process (CIRP) of HHPL, as communicated by the company in its earlier letter dated January 29, 2026.

Subsequently, through an order dated March 16, 2026, the Hon'ble NCLT, Mumbai granted the Consortium an extension up to May 7, 2026 for payment of the Resolution Money. The total Resolution Money payable by the Consortium amounted to Rs. 919.25 Crore, which includes the equity subscription of Rs. 1 Crore for the 100% ownership of HHPL, along with any additional amounts payable as per the terms of the Resolution Plan.

Management and Governance Transition

Effective May 7, 2026, the Monitoring Committee that had been supervising the implementation of the Resolution Plan and overseeing the business and operations of HHPL ceased to exist. The Board of Directors of HHPL has been reconstituted to comprise individuals identified by the Consortium members, including Oberoi Realty Limited. Management and control of HHPL has accordingly vested in the Consortium as per the terms of the Resolution Plan.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations and was communicated to both BSE Limited and the National Stock Exchange of India Limited on May 7, 2026, signed by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty Limited.

Oberoi Realty has informed the stock exchanges of a scheduled conference call to discuss its Q4FY26 financial results and business updates, in accordance with the relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed on May 5, 2026, and signed by Bhaskar Kshirsagar, Company Secretary.

Conference Call Details

The following are the key details of the scheduled conference call:

Parameter: Details Event: Conference call on Q4FY26 results and business updates Date: Monday, May 11, 2026 Time: 4:00 PM (IST) Regulatory Reference: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Filing Date: May 5, 2026

Regulatory Compliance

The communication was addressed to both BSE Limited and the National Stock Exchange of India Limited, submitted through the BSE Listing Centre and NEAPS respectively, in line with Regulation 30 disclosure requirements. The invite for the conference call has been made available on the company's official website for stakeholder access.

The filing was authorised by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty, with a digital signature dated May 5, 2026.

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