Praveg announced a pivotal three year partnership with Mahindra Holidays & Resorts India (MHRIL). This agreement underscores a shared vision to enhance hospitality standards and deliver exceptional guest experiences across prime destinations, i.e. Daman, Diu, and Ayodhya. Under the terms of this arrangement, MHRIL will enter an inventory agreement with Praveg to secure a total of 70 rooms (Inventory Rooms), comprising 35 fixed and 35 floating rooms, across select properties. This collaboration leverages Praveg`s operational expertise and MHRIL`s reputation for delivering premium holiday experiences.Powered by Capital Market - Live News

Praveg announced the opening of Praveg Beach Resort at Jalandhar House, Diu, starting from 12 December 2024. This launch marks a significant milestone in Praveg`s mission to redefine the luxury hospitality experience through sustainability and world-class service.This alliance strengthens Praveg`s position in the eco-luxury hospitality sector, leveraging Ginger`s operational capabilities, modern service model, and the IHCL brand`s global recognition. Together, they aim to attract a wider audience, from leisure seekers to business travelers, while enhancing operational efficiency, marketing outreach, and overall guest satisfaction.Located on the southern coast of Gujarat, Diu is a serene coastal town known for its Portuguese colonial heritage and natural beauty. The town is home to historic landmarks such as Diu Fort, St. Paul`s Church, and Naida Caves, as well as pristine beaches like Nagoa, Ghoghla, Chakratirth and Jalandhar Beach. The newly launched Praveg Beach Resort at Jalandhar Beach features 34 luxurious rooms, a conference hall, a seaside restaurant, a sea-facing swimming pool, and a range of other amenities, making it the perfect destination for both leisure and business travelers.Powered by Capital Market - Live News

Praveg�announced�the�opening�of Praveg�Resort�at�Damanganga,�Silvassa.� Dr.� Vishnu� Patel,� Chairman� of� Praveg� Limited,� expressed� his� excitement� at� the� inauguration:� �We� are� thrilled� to� announce� the� opening� of� Praveg� Resort� at� Damanganga,� Silvassa,� from� December� 9,� 2024.� With� its� superb� location,� eco�conscious� design,� and� blend� of� youthful� and� experienced�team�members,�this�resort�is�uniquely�positioned�to�offer�an�unparalleled�service�to� the�guests.�Praveg�Beach�Resort,�Damanganga�is�located�in�Silvassa,�the� capital�of�the�Union�Territory�of�Dadra�and�Nagar�Haveli�and�Daman�and�Diu.�Situated�near�the� Damanganga� River,� the� property� offers� comfortable� accommodations� with� essential� amenities.� The�property�features�well� maintained�42�room,�a�conference�hall,�a�restaurant,�and�picturesque� views� of� the� surrounding� greenery� and� the� river.� The� property� is� known� for� its� peaceful� atmosphere,�making�it�a�favored�stay�for�visitors�seeking�tranquility.�The�property�is�also�good�for� budget�friendly�destination�wedding.Powered by Capital Market - Live News

Net profit of Praveg declined 33.33% to Rs 1.40 crore in the quarter ended September 2024 as against Rs 2.10 crore during the previous quarter ended September 2023. Sales rose 124.09% to Rs 31.44 crore in the quarter ended September 2024 as against Rs 14.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales31.4414.03 124 OPM %20.4827.58 - PBDT8.694.38 98 PBT2.312.12 9 NP1.402.10 -33 Powered by Capital Market - Live News

Praveg will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News