Tajgvk Hotels & Resorts Ltd.NSE: TAJGVK

Financial Results for the Quarter ended 30th Sep 2025

Nov 3, 2025 at 10:49 AM UTC · Issued by Tajgvk Hotels & Resorts Ltd.

3rd November, 2025

Bombay Stock Exchange Limited 1st Floor, New Trading Ring, Rotunda Bldg, P J Towers,

Dalal Street, Fort MUMBAI - 400 001.

Dear Sir,

TAJGVK

The National Stock Exchange of India Ltd Exchange Plaza, S Floor,

Plot No.C/ 1, G Block,

Bandra Kurla Complex, Bandra (E) MUMBAI - 400 051.

Sub: Outcome of Board Meeting - Submission of Unaudited Financial Results along with Limited Review Report for the Quarter and Half year ended September 30, 2025 and Disclosure of Related Party Transactions

Ref: BOE Scrip Code:532390; NSE Scrip Code:TAJGVK.

Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 lS, we hereby inform you that the Board of Directors of the Company at its Meeting held today i.e. Monday, the 3rd November, 2025, have inter-alia, approved the following:

Unaudited Financial Results of the Company for the Quarter and Half Year ended September 30, 2025, duly reviewed by the Audit Committee at its meeting held on 3rd November, 2025.
Disclosure of Related Party Transactions for the Half-Year ended September 30, 2025 in terms of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board meeting commenced at 11.30 a.m. and concluded at {. 2J .U, We would be obliged if you could take the above on record.

Thanking yoi.i, tire remain

Yours faithfully,

For TAI GVK HOTELS & RESORTS LIMITED

RTHY

CPO & COMPANY SECRETARY Nf.No.FCS446O

Enc1: a/a

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2339 2323, 6666 2523; Fax : (91-40) 6662 5Z64; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

M. BHASKARA RAO & CO

CHARTERED ACCOUNTANTS

P H ON E S 2 3 3 11 24 5. 2 3 3 9 3 9 0 0

FAX : 040-2339 924 8

5-D, FIFTH FLOOR, "KAUTILYA".

6-3-652, SOMAJIGUDA,

HYDERABAD- SOO 082. INDIA.

e-mail mbr_co@mbrc. co.in

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of TAJGVK Hotels & Resorts Limited

We have reviewed the accompanying statement of Unaudited Standalone Financial Results of TAJGVK Hotels & Resorts Limited (the "Company") for the Quarter and half year ended 30* September 2025 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
This statement, is the responsibility of the Company's management and has been approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules made thereunder and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements ofRegulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review oflnterim Financial Informationperformed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would be aware of all significant matters that might be identified in an Audit. Accordingly, we do not express an audit opinion.

M. BHASKARA RAO & CO CONTINUATION SHEET
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For M. Bhasiiara Rao & Co.

Chartered Accountants

Firm Registration No: 000459S

Bapu Raghavendra

Hyderabad, 03'dNovember 2025

Partner

Membership No: 213274 UDIN: 25213274BMKQLJ3565

M. BHASKARA RAO & CO

CHARTERED ACCOUNTANTS

PHONES 23311245, 23393900

FAX 040-23399248

5-D, FIFTH FLOOR, "KAUTILYA",

6-3-652, SOMAJIGUDA,

HYDERABAD- SOO 082. INDIA.

e-mail : mbr_co@}mbrc.co.in

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of TAJGVK Hotels & Resorts Limited

We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of TAJGVK Hotels & Resorts Limited (the "Company") which also includes its share ofthe net profit after tax and total comprehensive income of its joint venture viz. Green Woods Palaces and Resorts Pvt Ltd for the quarter and half year ended 30* September 2025 ("the Statement"), being submitted by the Company pursuant to the requirement ofRegulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
This statement, which is the responsibility of the Company's management and has been approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules made thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express aconclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review oflnterini Financial Information performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would be aware of ali significant matters that might be identified in an Audit. Accordingly, we do not express an audit opinion.
We also performed necessary procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations arid Disclo4uie ROQUJ1'Cnients) Rcgulntion3, 2015, as amended, to the extent applicable.
The Statement includes the results of the following entities:
» TAJGVK Hotels & Resorts Limited ("Company")
» Green Woods Palaces and Resorts Pvt Ltd ("Joint Venture')
Based on our review conducted and procedures performed as stated inparagraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting

M. BHASKARA RAO & CO CONTINUATION SHEET
principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements ofRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
This Statement also includes the Company's share ofNet Profit after tax and other comprehensive income ofRs.404 Lakhs and Rs. 892 Lakhs for the quarter and half year ended 30" September 2025 respectively, in respect of the Joint Venture of the Company, whose financial results have not been reviewed by us. Those financial results have been reviewed by other auditors whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the said joint venture, is based solely on the said report of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

For M. Bhaskara Rao & Co.

qy$YA ,g

Cbartered

Firm Registration No: 000459S

Raghavendra

Partner

CharteredAccountants

Hyderabad, 03'd November 2025

Membership No: 213274 UDIN: 25213274BMKQLK5331

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS

FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2025

Wlakhs

Particulars

Quarter Ended

Half Year Ended

Year Ended

Unaudited (Reviewed)

Audited

September 30, 2025

June 30,

2025

September 30, 2024

September 30, 2025

September 30, 2024

March 31,

2025

Revenue from Operations Other Income

Total Revenue Expenses

Food and Beverages Consumed
Employee Benefits Expense
Fuel, Power and Light
Finance Costs
Depreciation and Amortisation Expense
Other Expenses Total Expenses

ProfiV (Loss) before Exceptional Items and Tax

Exceptional item - Others

ProfiV (Loss) before tax Tax expense:

10718

215

10639

2190

10517

220

21357

2405

/97gs 409

44968

1164

10933

966

2257

728

115

314

3403

12829

900

2169

743

116

325

3641

10737

922

2179

1088

251

331

3381

23762

1866

4426

1471

231

639

7044

20207

1723

4075

1795

501

661

6588

46132

3816

8451

3976

885

1320

14825

7783

7894

8152

15677

15343

33273

3150

4935

2585

8085

4864

12859

3150

4935

2585

8085

4864

12859

8o0

1333

(20)

610

(6)

2133

(21)

1330

293

3320

143

(89)

Current tax Deferred tax

Excess tax provisions relating to earlier years Total Tax Expenses

Profit/ (Loss) after tax

(1)

799

1313

620

2112

1628

3374

2351

3622

1965

5973

3236

9485

Other Comprehensive Income (Net of tax)

Total Comprehensive Income (Comprising Profit/ (Loss) and O(her Comprehensive Income (after tax) )

Paid-up Equity Share Capital

(Face value per share - Rs. 2 each)

Earnings Per Share (Face value - Rs 2 each) Basic

Diluted Debt Equity Ratio

Debt Service Coverage Ratio Interest Service Coverage Ratio

anying notes to the financial results

(51)

2351

3622

1965

5973

3236

9434

1254

3.75

1254

3.13

1254

9.53

0.06

38.77

1254

5.16

0.08

2.67

12.03

1254

15.05

17.02

5.78

3.75

3.13

TAJ GVK HOTELS & RESORT ClN:L4O109TGl995PLC01

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91-40) 2339 2325, 6666 2323; Fax: (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2225L 1ZF

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2025

T lakhs

Particulars		Quarter Ended Unaudited (Review September June 30, 30. 2025 2025		ed) September 30, 2024	Half Year Ended Unaudited (Reviewed) September September 30, 2025 30, 2024		Year Ended Audited March 31, 2025
Revenue from Operations		10718	10639	10517	21357	19798	44968
Other Income		215	169	220	384	409	1164
Total Revenue		10933	10808	10737	21741	20207	46132
Expenses
a. Food and Beverages Consumed		966	900	922	1866	1723	3816
b. Employee Benefits Expense		2257	2169	2179	4426	4075	8451
c. Fuel, Power and Light		728	743	1088	1471	1795	3976
d. Finance Costs		115	116	251	231	501	885
e. Depreciation and Amortisation Expense		314	325	331	639	661	1320
f. Other Expenses		3403	3641	3381	7044	6588	14825
Total Expenses		7783	7894	8152	15677	15343	33273
Profit/ (Loss) before Exceptional Items and Tax	3150		2914	2585	6064	4864	12859
Exceptional items
Profit/ (Loss) before tax	3150		2914	2585	6064	4864	12859
Tax expense:
Current tax	800		824	610	1624	1330	3320
Deferred tax	(1)		(20)	16	(21)	5	143
Excess tax provisions relating to earlier years				(6)		293	(89)
Total Tax Expenses	799		804	620	1603	1628	3374
Profit/ (Loss) after tax	2351		2110	1965	4461	3236	9485
Share of Profit/(Loss) of Joint Venture	4Q4		488	458	892	885	2234

Profit / (Loss) after taxes, minority interest and share of profit / (loss) of the joint venture

Other Comprehensive Income (Net of tax)

Share of Other Comprehensive Income of Joint Venture (net of tax)

Total Comprehensive Income (Comprising Profit/ (Loss) and Other Comprehensive Income (after tax) )

Paid-up Equity Share Capital

(Face value per share - Rs. 2 each)

Earnings Per Share (Face value - Rs 2 each) Basic

Diluted Debt Equity Ratio

Debt Service Coverage Ratio Interest Service Coverage Ratio

Ge m[ianyinRFIotes to the financial results

2755

1254

4.39

2598

1254

4.14

2423

1254

3.86

5353

1254

8.54

0.06

30.02

4121

1254

6.57

0.08

2.67

12.03

11719

(51)

(s) 11662

1254

18.60

17.02

TAB GVK HOTELS & REPORTS

CIN : L401 09TG1995PLC0I 934

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2025

Rs.lakhs

	As at
Particulars	Sept 30, 2025	Mar 31, 2025
	Unaudited	Audited
ASSETS
NON-CURRENT ASSETS
Property, Plant and Equipment	39,941	40,531
Right of Use Assets	2,666	2,705
Capital work-in-progress	18,270	11,578
Intangible Assets	14	15
Financial Assets:	60,891	54,829
Investments	11,027	11,027
Other financial assets	1,443	431
Other Non-current Assets	4.270	3,831
Other Non-current Assets	77,631	70,119
CURRENT ASSETS
Inventories	857	822
Financial Assets:
Trade and other receivables	2,882	1,776
Cash and Cash Equivalents	3,017	2,310
Bank balances other than cash and cash equivalents	4,844	4,713
Other current financial assets	4,482	4,653
Other Current Assets	1,366	808
Other Current Assets	17.448	15,082
TOTALASSETS	95,079	85,200
EQUITY AND LIABILITIES
EQUITY
Equity Share capital	1,254	1,254
Other Equity	66,193	61,473
Total Equity	67,447	62,727
LIABILITIES
Non-current Liabilities
Financial Liabilities:
Borrowings	2,360
Other Financial Liabilities	706	440
Lease Liabilities	3,972	3,972
Provisions	248	132
Deferred Tax Liabilities (net)	5,973	5,994
Deferred Tax Liabilities (net)
	13,259	10,538
Current Liabilities
Financial Liabilities:
Borrowings	1,500
Trade Payables
Dues of micro enterprises and small enterprises	89	206
Dues of creditors other than micro enterprises and sm‹	8,652	8,911
Other Financial Liabilities	592	653
Lease Liabilities	429	429
Provisions		151
Provision for tax (net)	1,313	381
Other current liabilities	1,598	1 204
Other current liabilities	14,373	11,936
TOTAL EQUITY AND LIABILITIES	95,079	85 200

TA} GVK HOTELS & RESORTS LIMIT

CIN : L401 09TG1 995PLC019549

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2359 2323, 6666 2323; Fax: (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2025

Rs.takhs

Particulars	As at
	Sept 30, 2025	Mar 31, 2025
	Unaudited	Audited
ASSETS
NON-CURRENT ASSETS
Property, Plant and Equipment	39,941	40,531
Right of Use Assets	2,666	2,705
Capital work-in-progress	18,270	11,578
1ntangible Assets	14	15
Financial Assets:	60,891	54,829
Investments	12,668	13,796
Other financial assets	1,443	431
Other Non-current Assets	4,270	3.831
CURRENT ASSETS	79,272	72,887
Inventories	857	822
Financial Assets:
Trade and other receivables	2,882	1,776
Cash and Cash Equivalents	3,017	2,310
Bank balances other than cash and cash equivalents	4,844	4,713
Other current financial assets	4,482	4,653
Other Current Assets	1,366	808
Other Current Assets	17,448	15,082
TOTAL ASSETS	96,720	87.969
EQUITY AND LIABILITIES
EQUITY
Equity Share capital	1,254	1,254
Other Equity	67,834	64.242
Total Equity LIABILITIES	69,088	65,496
Non-current Liabilities
Financial Liabilities:
Borrowings	2,360
Other Financial Liabilities	706	440
Lease Liabilities	3,972	3,972
Provisions	248	132
Deferred Tax Liabilities (net)	5.973	5.994
Current Liabilities	13,259	10,538
Financial Liabilities:
Borrowings	1,500
Trade Payables
Dues of micro enterprises and small enterprises	89	206
Dues of creditors other than micro enterprises and	8,852	8,911
Other Financial Liabilities	592	653
Lease Liabilities	429	429
Provisions		151
Provision for tax (net)	1,313	381
Other current liabilities	1.598	1,204
Other current liabilities	14.373	11,935
TOTAL EQUITY AND LIABILITIES	96,720	87,969

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

TAB GVK Hotels & Resorts Limited

Statement of Standalone Cash Flows for the helfvear ended 30th September 2025

As at Sept 30th, 2025

Rs. in lakhs

As at Sept 30th, 2024

Rs. in lakhs

Unaudited

As at March

31st, 2025

Rs. in lakhs

Audited

A•

Each Flow from Operating Activities

Net rrofit/(Loss) before TO

8085

4864

12859

[]trecietien and amortisation expenses on Property, plant and equipment and Intangible Assets

639

664

4320

1and/(Ga1n) on disposal of Property, plant and equipment

led debts written off

l'inance costs

231

50J

885

Interest income

(287)

(381)

f671)

Cash Operating Profit before working capital changes

8668

5660

44396

Adjustments for Changes in Operating Assets and Liabilities "1"radc Itcccivablcs

(1106)

(224}

154

Invcntorics

(35)

I'inancial assets

(830)

Orher asscrs

(793)

b'inancial liabilincs

(201)

Othtr I.iabilitics

393

l•rnvi*ons

(34)

'1'r:ide payables

(176)

Cabh generated from operating activities

5886

Direct "1"axes Paid

1204

Net Cash Generated From/(Used In) Operating Activities (A)

4685

5183

1G17

Cash Flow from Investing Activities

1°urchase of l°roperty, plant and equipment including Capital work in progress

(6701)

(1673)

(4072)

Intcrcst Received

276

258

584

l°rocccds from disposal of property, plant and equipment

(2thet bank balances

(130)

(I 099)

G04

Net Cash Generated From/(Used In) Investing Activities (B)

(6555)

(2514)

(J 882}

C. Cash Flow from Financing Activities

Petition/(ltcpaymcnt) of borrowings from banks I.ong term deposits received/(paid back)

Imerest paid

Interest costs on lease liability Dividend paid

Net Cash Generated From/(Used In) Financing Activities (C) Net increase / (decrease) in cash and cash equivalents (A+B+C)

flash and cash equivalent at the beginning of the year Ca.sli and cash equivalent at the end of the year

N!et in8tñ8se / (decrease) in cash and cash cqui9elent6

4042

(245)

(1254)

2577

707

2510

3,017

707

(1772)

(269)

(245)

(940)

(3175)

(506)

1004

498

(506)

(6648)

(423)

(429)

(940)

(8429)

1306

t004 2,310

TAJ GVK HOTELS & RESORTS LIMITED

CIN:L4Ol09TGl995PLCO19]49

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2339 2323, 6666 2323; Fax: (9J -40) 6662 S364; Website : https://www.tajgvk.in; GSTIN : S6AABCT2223L1 ZF

TAJ GVK Hotels & Resorts Limited

Statement of Consolidated Cash Flows for the half year ended 30th September 2025

Cash Flow from Operating Acdvitiee

Net Profit before Tax

Add: Share ofprofit / (loss) before tax from Joint Venture

Consolidated profit before tax

£'onsolidnnon of proportionate share of joint venture

Dicpircmation and amortisation expenses on Property, plant and equipment and Intangible Assets I.loss/(Gain) on disposal of Property, plant and equipment

hed debts written off l'inance costs

I merest Income

Cash Operating Profit before working capital changes

Adjustments for Changes in Operating Assets and Liabilities Trade ltcceivables

Inventories Financial assets Other assets

I'inancial liabilities Other I.iabilitics Pcovisions

'l'ritdc payables

ash gcncratcd from operations

.direct '1"axcs maid

lâ$ adjustment on account of share ofj oint Venture

Not Cash Generated From/(Used In) Operating Activities (A)

Cash Flow from Investing Activities
I°urchase of l°roperty, plant and equipment including Capital work in progress Interest Iteceived
1°rOcecds from disposal of property, plant and equipment Dividend received
Othcr bank balances
Net Cash Generated From/(Used In) Investing Activities (B)
C8âh Flow from Financing Activities itddition/(Repaymcnt) of borrowings from banks hug term deposits received/(paid back)
ltttefe8t paid
Interest cosrs on lease liability [dividend paid
Net Cash Generated From/(Used In) Financing Activities (C) Net increase / (decrease) in cash and cash equivalents (A+B+C)
Cash and cash equivalent at the beginning of the year Cash and cash equivalent at the end of the year
Act increase / (denreaae) in cash and cash equivalenifi
As at Sept 30th, 2025
Rs. in lakhs
Unaudited
6054
1254
73J8
(892) G39
0
231
(287)
7009
(]106)
(65)
(830)
(793)
(201)
393
(34)
(176)
4227
4201
362
2664
(670J) 276
2,021
{J30)
(4534)
707
2310
3,017
707
As at Sept
30th, 2024
Rs. in lakhs Unaudited
4864
1268
6152
(886)
661
0
15
501
(381)
6042
(224)
0
231
(202)
(176)
329
18
643
4096
382
54 83
(1673)
258
0
0
(1099)
(2514)
(506)
1,004
498
(506)
As at March
31st, 2025
Rs. in lakhs
Audited
12859
3192
16051
(2228)
1320
3
885
(671)
15360
434
(401)
(431)
(953)
16
(4)
(46)
1754
15726
3J45
9G4
11617
(4072)
584
2
1,504
(1882)
(6648)
(423)
('!"*) (940)
(8429)
1306
1,004
2,310
1306
TAB GVK HOTELS & RESORTS LIMITED
CIN : L401 09TG1995PLC019349
Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - S00 034. Telangana, India
Telephone : (91 -40) 2339 2523, 6666 2323; Fax: (91-40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2225LI ZF-
Notes: TAJGVK
1. The Standalone and Consolidated Unaudited Financial results for the quarter and half year ended 30th September 2025 were reviewed by the Audit Committee and Approved by the Board of Directors at their respective meetings held on 03'd November, 2025. The results have been reviewed by the Statutory Auditors of the Company.
2. These financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India
3. The consolidated profits for the quarter and half year ended 30th September, 2025 include the company's share of profit in the Joint Venture (JV) Company, i.e. Green Woods Palaces and Resorts Private Limited, which operate the Taj Santacruz Hotel in Mumbai.
4. As part of the Company's policy to renovate / refurbish hotels regularly to maintain best-in-class customer satisfaction, the Company has undertaken renovation of rooms at Taj Deccan, Hyderabad, and public areas at Taj Chandigarh and Taj Club House, Chennai during the period under review. An amount of Rs.270 lakhs (PY Rs. 287 lakhs) and Rs.433 lakhs (PY Rs.634 lakhs) was spent during the quarter and half year under review, respectively.
5. During the period under review, the company received a dividend of Rs. 2021 lakhs from JV company
  i.e. Green Woods Palace and Resorts Private Limited for the FY24-25.
6. The Company's only business being hoteliering, disclosure of segment-wise information under Indian Accounting Standard (Ind AS) 108 "Operating Segments" does not arise. There is no geographical segment to be reported since all the operations are undertaken in India.
7. Figures of the previous period have been regrouped to align to the current period of presentation and to conform to the amended Schedule III of the Companies Act, 2013.
8. The standalone and consolidated results for the quarter and half year ended 30!h September, 2025 are available on the Bombay Stock Exchange website (URL: https://www.bseindia.com), the National Stock Exchange website (URL: https://www.nseindia.com) and on the Company's website (URL: https://www.tajgvk.in).

Hyderabad November 03 2025

SHALINI BHUPAL

Managing Director & CEO

DIN - 00005431

TA} GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

DISCLOSURE OF

TAIGVK

RELATED PARTY TRANSACTIONS - CONSOLIDATED BASIS

(In pursuance with Regulations 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018

TAJ GVK Hotels & Resorts Limited's (TAJGVK) principal related party transactions consists of lts transactions with Directors, GVK Group Companies, IHCL and its Associate Companies, Green Woods Palaces & Resorts Private Limited (Joint Venture Company) and Key Managerial Personnel. TAJGVK's related party transactions and outstanding balances during the half year ended 30.09.2025 with the related parties with whom the company entered into transactions in the ordinary course of business are given below:

aha W o e i e Di e to MMeas Sh i i Bhu Mr. Krishna Ram Bhupal	/ e e a e o e P D rector EO TD KMP \| Joint Managing Director - WTD
Non-Whole Time Directors:
Dr. GVK Reddy	h Jtive 8s Non-Independent Director
Mrs. G Indira Krishna Reddy	Non-Executive & Non-Independent Director (Vice Chairpersonl
Mr. Anoop Vrajlal Mehta	\| Non-Executive & Non-Independent Director
Mr. Prabhat Verma	\| Non-Executive & Non-Independent Director
Mr. Nabakumar Shome	Non-Executive & Non-Independent Director
Mr. L.V. Subramanyam	\| Independent Director
Mr. N Sandeep Reddy	Independent Director
Mr. N Anil Kumar Reddy	\| Independent Director
Mrs. Dinaz Noria	\| Independent Director
MMrr.. NN RSaammbeasshivKauRmaaor	J Independent Director e 'o)r
;;A::ipi»::$DDec tl
Mr. J Krishna Kishore	Independent Director (Additional Director)
Chief Financial ofrcer and Company Secretary / KMP:
Mr. J. Srinivasa Murthy		CFO & Company Secretary

TA} GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91-40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L ZF

B. Other related parties:

Green Woods Palaces and Resorts Pvt Ltd	Joint Venture Company
The Indian Hotels Company Limited	Joint Ventures / Operator of the hotels
Oriental Hotels Limited	Associate of the Joint Venturer company (IHCL)
Kairos Securities Health and Composite Services Pvt Ltd	Company in which Directors are common and interested
Kaveri Retreats and Resorts Ltd	Company in which Directors are common and interested
PIEM Hotels Limited	Associate / Subsidiary of the Joint Ventures company (IHCL)
Benares Hotels Limited	Associate / Subsidiary of the Joint Venturer company (IHCL}
Ideal ICE Ltd	Company in which Directors are common and interested

C. Compazzies/Firms/Trust izz 'arbich the Izey maziagemezzt azzd tbeir relatives are interested:

Name of the Company / firm / LLP / Trust

GVK Power 8s Infrastructure Ltd

GVK Industries Ltd

Alakananda Hydro Power Co Ltd

GVK Power (Goindwal Sahib) Ltd

GVK Jaipur Expressway Pvt Ltd

Crescent EPC Projects & Technical Services Ltd

GVK Developmental Projects Pvt Ltd

Kairos Securities Health and Composite Services Pvt Ltd

Shriya Som fashions International LLP

EMRI Green Health Services

1 1

GVK Foundation

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC0I 9349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

Transactions with the related parties done during the period 1•t April, 2025 to 3O'° September, 2025

(Rs.in Lakhs)

Name o£ the related party	Quarter ezzded 30th Sep, 2O2S	half Year eztded 3Oth Sep, 2O2S
KeyManagement Personnel:
Salaries and other employee benefits to Mrs. G. Indira Krishna Reddy (upto 24.04.25)		32.40
Mrs. Shalini Bhupal	185.53	325.43
Mr. Krishna Ram Bhupal	154.45	249.00
Mr. J. Srinivasa Murthy	25.26	50.52
Gratuity and Leave Ertcashment: Mrs. G. Indira Krishna Reddy		313.61
Annual Bonus to:
Mr. J. Srinivasa Murthy		70.00
Sitting fees to other Non-Executive / Independent
Directors	3.70	22.30
Commission to other Non-Executive /
Independent Directors	70.00	70.00
Joint Venturer: IHCL
Management fee - Payable	455.53	929.53
Reimbursement expenses - Payable	132.74	268.74
Deputed Staff In expenses - Payable	257. 78	439.31
Deputed Staff Out reimbursements - Receivable	76.35	242.57
Current Account Transactions - Receivable	51.02	187.37
Jointly Controlled Entity: Green Woods Palaces 8s Resorts (P) Ltd Deputed Staff Out reimbursements - Receivable	2.22	3.93

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91-40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2225L1 ZF

Joint Ventures's Associate Companies:
Oriental Hotels Limited Deputed Staff In expenses - Payable Deputed Staff Out reimbursements - Receivable Current Account Transactions- Payable	16.28 4.10	21.95 14.06 1.45
PIEM Hotels Limited Deputed Staff In expenses - Payable Deputed Staff Out reimbursements - Receivable Current Accourit Transactions - Payable	3.16 8.23	14.59 10.01 0.05
Enterprises with common directors: Kaveri Retreats Resorts Ltd - Payable	4.81	48 1
Ideal ICE Ltd - Receivable	10.98	10.98
Enterprises in which key management personnel and / or their relatives have significant influence:
Income from sale of rooms and food 8s beverages: GVK Industries Ltd GVK Jaipur Expressway Pvt Ltd Alakananda Hydro Power Co Ltd EMRI Green Health Services GVK Power 8s Infrastructure Ltd Crescent EPC Projects & Technical Services Ltd GVK Developmental Projects Pvt Ltd Kairos Securities Health and Composite Services Pvt Ltd Donation - GVK Foundation	0.07	0.07
		0.17
		0. 17
		8.00
	1. 15	1.45
	0.02	0.21
	0.05	0.05
	76.49	110.50
		256.00
Shop Rentals: - Shriya Som Fashions International LLP	4.50	7.50

Balances Outstanding as of 3Oth September 2025:

Name of tlze related party

Amount in

Rs. lakhs

Joint Venturer: Indian Hotels Company Limited

Operating fee, reimbursable expenses, key money and current account dues payable / (receivable)

657.08

Jointly controlled entity:

Green Woods Palaces and Resorts (P) Ltd Investment in Equity Shares

Deputed Staff 8s current account dues payable /(receivable)

11,025.00

(0.67)

Associate / Subsidiary of the Joint Ventures company {IHCL}:

Oriental I lotcls Ltd pnynblc/(rcceivnble) net PIEM Hotels Limited payable / (receivable) net Benares Hotels Ltd payable /(receivable) net

(1.07)

(0.97)

0.09

TAJ GVK HOTELS & RESORTS LIMITED¿"

CIN : L40109TGI 995PLC019349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - SO 34. T

Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : www.tajgvk,ink

na, I

IN : 36AABCT2725L1 ZF

Enterprises with common directors: Taj Kerala and Resorts Ltd - payable / (receivable) net Kaveri Retreats Resorts Ltd - payable / (receivable) net Ideal ICE Ltd - payable / (receivable) net	(0.77) 6.69 (12.70)
Enterprises in which key management personnel and / or their
relatives have significant influence:
Amount payable for the services provided
Kairos Securities Health and Composite Services Pvt Ltd - Payable	17.42
Amount receivable For sale of zooms azzd :Food 8s beverages:
GVK Industries Ltd	0.72
GVK Power and Infrastructure Ltd	1.71
GVK Power (Goindwal Sahib) Ltd	0.79
GVK Jaipur Expressway Pvt Ltd	0.10
EMRI Green Health Services	0.68
Crescent EPC Projects & Technical Services Ltd	0.19
Alaknanda Hydro Power Co Ltd	0.35
GVK Infratech Pvt Ltd	o.34
Shriya Som Fashions International LLP	o.34
Shriya Som Fashions International LLP	2.70

E'or 3'AJ GVX Hotéla & Resorts Limited

Place : Hyderabad Date : 03.11.2025

URTHY CFO 4c COMPANY SECRETARY

TA} GVK HOTELS & RESORTS LIMITED

CIN : L40J 09TG1 995PLC01 9349

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, India

Telephone : (91 -40) 2359 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

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