TAJ GVK Hotels & Resorts Acquires Additional 2.01% Stake in Green Woods Palaces for Rs.16.09 Crores

TAJ GVK Hotels & Resorts Limited has announced a strategic acquisition that will strengthen its position in the hospitality sector. The company's Board of Directors approved the purchase of an additional 2.01% equity stake in Green Woods Palaces and Resorts Private Limited during a meeting held on 9th February, 2026. Acquisition Details The transaction involves the purchase of 15,05,100 equity shares of Rs.10 each at a premium of Rs.96.91 per share from Greenridge Hotels & Resorts LLP, the joint venture partner. The acquisition parameters are outlined below: Parameter: Details Number of Shares: 15,05,100 equity shares Face Value: Rs.10 per share Premium: Rs.96.91 per share Total Consideration: Rs.16,09,10,241 Seller: Greenridge Hotels & Resorts LLP Timeline: Within 10 days from approval date Shareholding Changes This acquisition will significantly alter TAJ GVK's ownership structure in Green Woods Palaces and Resorts Private Limited. The shareholding transition will convert the joint venture company into a subsidiary: Shareholding Status: Percentage Present Shareholding: 48.99% Post-acquisition Shareholding: 51.00% Change in Shareholding: 2.001% Target Company Profile Green Woods Palaces and Resorts Private Limited operates the Taj Santacruz hotel in Mumbai and has demonstrated strong financial performance. The company was incorporated on 04.05.2001 and operates exclusively in India's hospitality sector. Financial Performance Metric (FY 2024-25): Amount (Rs.) Authorized Capital: 76,00,00,000 Paid-up Capital: 75,01,00,000 Turnover: 2,31,82,79,097 PAT: 45,61,25,541 TAJGVK's Share of Profit: 22,34,55,903 Three-Year Revenue Trend Year: Turnover (Rs.) March 2025: 2,31,82,79,097 March 2024: 2,19,52,62,643 March 2023: 1,90,79,75,512 Transaction Structure The acquisition is structured as a cash transaction conducted on an arm's length basis. The share valuation was performed by an Independent Valuer registered with the Insolvency and Bankruptcy Board of India (IBBI), New Delhi. As Green Woods Palaces is already a joint venture company, this transaction qualifies as a related party transaction under the Companies Act, 2013. Strategic Impact The acquisition aligns with TAJ GVK's core hospitality business and will provide greater operational control over the Taj Santacruz hotel operations. With majority shareholding secured, the company can implement strategic decisions more effectively while benefiting from the target company's consistent revenue growth trajectory. No governmental or regulatory approvals are required for completing this transaction. Taj GVK Hotels & Resorts Ltd announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing robust operational performance across both standalone and consolidated operations. The company demonstrated strong financial metrics with significant revenue growth and healthy profitability levels, with results approved by the Board of Directors on February 9, 2026. Q3 FY26 Standalone Financial Performance The company delivered solid quarterly results with strong revenue growth of 27.3% quarter-on-quarter, demonstrating operational resilience and market recovery in the hospitality sector. Financial Metric: Q3 FY26 Q2 FY26 Q3 FY25 Revenue from Operations: Rs 136.36 crore Rs 107.18 crore Rs 126.94 crore Total Revenue: Rs 138.31 crore Rs 109.33 crore Rs 128.66 crore Total Expenses: Rs 98.50 crore Rs 77.83 crore Rs 82.82 crore Profit Before Tax: Rs 39.81 crore Rs 31.50 crore Rs 45.84 crore Profit After Tax: Rs 29.09 crore Rs 23.51 crore Rs 33.89 crore Earnings Per Share: Rs 4.64 Rs 3.75 Rs 5.40 Nine Months FY26 Performance The company's nine-month performance showed strong revenue growth and improved profitability compared to the corresponding period in the previous year, with PAT growing significantly. Performance Metric: 9M FY26 9M FY25 Growth Revenue from Operations: Rs 349.93 crore Rs 324.92 crore 7.7% Total Revenue: Rs 375.93 crore Rs 330.73 crore 13.7% Profit Before Tax: Rs 120.66 crore Rs 94.48 crore 27.7% Profit After Tax: Rs 88.82 crore Rs 66.25 crore 34.1% Earnings Per Share: Rs 14.17 Rs 10.57 34.1% Consolidated Results Performance The consolidated financial results, which include the joint venture operations with Green Woods Palaces and Resorts Pvt Ltd, showed enhanced performance with additional contributions from associated entities. Consolidated Metrics: Q3 FY26 Q3 FY25 9M FY26 9M FY25 Total Revenue: Rs 138.31 crore Rs 128.66 crore Rs 355.72 crore Rs 330.73 crore Profit After Tax: Rs 29.09 crore Rs 33.89 crore Rs 73.70 crore Rs 66.25 crore Share of JV Profit: Rs 7.90 crore Rs 7.29 crore Rs 16.82 crore Rs 16.14 crore Total Comprehensive Income: Rs 36.99 crore Rs 41.18 crore Rs 90.52 crore Rs 82.39 crore Consolidated EPS: Rs 5.90 Rs 6.57 Rs 14.44 Rs 13.14 Expense Analysis and Operational Metrics The quarterly results reflected increased operational expenses across various categories, indicating business expansion and inflationary pressures on costs, while finance costs decreased significantly. Expense Category: Q3 FY26 Q3 FY25 Change Employee Benefits: Rs 26.83 crore Rs 21.16 crore +26.8% Food & Beverages: Rs 12.41 crore Rs 11.06 crore +12.2% Other Expenses: Rs 48.05 crore Rs 37.87 crore +26.9% Finance Costs: Rs 1.21 crore Rs 2.21 crore -45.2% Depreciation: Rs 3.11 crore Rs 3.28 crore -5.2% Board Meeting and Regulatory Compliance The Board of Directors approved and took on record the unaudited financial results at their meeting held on February 9, 2026. The meeting commenced at 11:30 a.m. and concluded at 1:30 p.m., with all results prepared in accordance with Indian Accounting Standards (Ind-AS) and submitted to both BSE and NSE as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were reviewed by M. Bhaskara Rao & Co., Chartered Accountants, who provided independent auditor review reports for both standalone and consolidated results. 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