Financial Results for the Quarter ended 31st Mar 2025

l3th May, 2025

Bombay Stock Exchange Limited

}St Floor, New Trading Ring,

Rotunda Bldg, P J Towers, Dalai Street, Fort

MUMBAI - 400 OO1.

Dear Sir,

The National Stock Exchange of India Ltd Exchange Plaza, Cth floor,

Plot No.C/ 1, G Block,

Bandra Kurla Complex, Bandra (E) MUMBAI - 4OO 05 1.

sub: Outcome of Board Meeting.

Ref : BSE Scrip Code:532390, NSE Scrip Code:TAJGVK.

We write further to our letter dated:02.05.2025 and would like to inform you that the Board of Directors of the Company at the meeting held on today i.e., 13.05.2025 has considered and approved the following business:

1. Approved the Audited Financial Results (Standalone and Consolidated) of the company for the 4' Quarter and Year ended 31*' March, 2025 as recommended by the Audit Committee along with Auditors' Report and Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 are enclosed.

2. 4'hc Board Recommended a dividend of Rs. 2/ - per F.gis ity Share of Es. 2/ -each fully paid up of the Company 1 00% (previous year 7S*/ ), subject: 1.‹ the approval of the Members at the ensuing Annual General Meeting.

The Board meeting commenced at 11.45 a.m. and concluded at This is for your information arid record.

Yours faithfully

I SRINIV A URTHY

CPO tic Company Secretary M.NO.PCS-4460

TAJ GVK HOTELS & RESORTS LIMITED CIN . L401O9TG1995PLC019349

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

Telephone : (9J -40) 2339 2523, 6666 2323: Fax : (91-40) 6662 5364: Website : https://www.taJgvk.In; GSTIN : 36AABCT2223LI ZF

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025

T lakhs

CIN . L401O9TG1995PLCO19349

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

Telephone : (9J -40) 2339 2323, 6666 2323; Fax : (9J -40) 6662 5364; Website : https://www.tajgvk.In: GSTIN : 36AABCT2223L1 ZF

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025

TAJGVK

7 lakhs

TA} GVK HOTELS & RESORTS LIMITED

CIN . L40109TG1995PLC019349

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 : 36AABCT2223L1ZF

STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT MARCH 31, 2025

Rs.lakhs

TAJ GVK HOTELS & RESORTS LIMITED

CIN . L40109TG1995PLC019349

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

Telephone : (91-40) 2339 2323, 6666 2323; Fax: (91-40) 6662 5564; Website : https://www.tajgvk.in; GSTIN : 56AABCT2223L1 ZF

TAJGVK

STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT MARCH 31, 2025

Rs.lakhs

Statement of Standalone Cash Flows for the year ended 31st March 2025

TJj GVK HOTELS & RESORTS LIMITED

CIN . L40109TGJ 995PLCO19349

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

Telephone : (91-40) 2539 2323, 6666 2323; Fax : (91-40) 6662 5364; Website : https://www.tajgvk.In; GSTIN : 36AABCT2223LJ ZF

Statement of Consolidated Cash Flows for the year ended 31st March 2025

1. Cash Flow from Operating Activities Net Profit/(Loss) before Tax

   Add: Share of profit / (loss) before tax from Joint Venture Consolidated profit before tax

   Consolidation of proportionate share of joint venture

   Depreciation and amortisation expenses on Property, plant and equipment and Intangible Assets Depreciation on Right of use assets

   Loss/(Gain) on disposal of Property, plant and equlpment Finance costs

   Interest income

   Cash Operating Profit before working capital changes Changes in Operating Assets and Liabilities

   Adjustments for Changes in Operating Assets and Liabilities Trade Receivables

   Inventories Flnancial assets Other assets Financial liabilities Other Liabilities Provisions

   Trade payables

   Cash generated from operations Direct Taxes Paid

   Tax adjustment on account of share of Joint Venture

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

2. Cash Flow from Investing Activities

Purchase of Property, plant and equipment including Capital work in progress Interest Received

Proceeds from disposal of property, plant and equipment Other bank balances

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

Cash Flow from Financing Activities Repayment of borrowings from banks Long term deposits received/(paid back) Interest 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)

Cash and cash equivalent at the beginning of the year Cash and cash equlvalent at the end of the year

Net increase / (decrease) in cash and cash equivalents

Year ended March 31. 2025 Rs. in lakhs Audited

12859

3192

16051

(2228)

1241

79

3

885

(671)

15360

134

(101)

(431)

(953)

16

(4)

(46)

1751

15726

3145

964

11617

(4072)

584

2

1,604

(1882)

(6648)

11

(423)

(429)

{940)

(8429)

1306

1004

2310

1306

I Year ended March 31. 2024

Rs. in lakhs

Audited

10505

2600

13105

(1830)

1316

80

104

1294

(206)

13863

397

74

361

780

59

238

(90)

79

15761

2667

770

12J?4

(3891)

110

98

(6250)

(9933)

(3324)

(811)

(429)

(627)

(5191)

(2800)

3804

1004 (2800/

/

''' !.

.

*'

y›'

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L40109TG1995PLC019349

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 5364; Website : https://www.tajgvk.in; GSTIN : 36AABCT2223L1 ZF

Notes:

1. The Standalone and Consolidated Audited Financial results were considered and recommended by the Audit Committee and approved and taken on record by the Board of Directors at their meetings held on 13'^ May, 2025 respectively.

2. The consolidated profits for the quarter and year ended 31st March 2025 include the company's share of profits in the Company's Joint Venture, i.e. Green Woods Palaces and Resorts Private Limited, which operate the Taj Santacruz Hotel in Mumbai. The JV Company's Board, at its meeting held on 12*hMay, 2025 declared and recommended a dividend of 55% .ie. Rs.5.50/- per equity share of Rs.10/-each for FY 2024-25, subject to the approval of shareholders at the ensuing Annual general Meeting.

3. The figures for the 4th quarter ended March 31, 2025 and March 31, 2024 are arrived at the difference between the audited figures in respect of the full financial year and the published unaudited figures up to nine months of the relevant financial year.

4. The Board of Directors of the Company have recommended a dividend of 100%.ie. Rs.2/- per equity share of Rs.2/- each for the year ended 31st March 2025, subject to approval of shareholders at the ensuing Annual General Meeting

5. As part of the Company's policy to renovate / refurbish hotels regularly to achieve best-in-class customer satisfaction, the Company has undertaken renovation of guest rooms and public areas at Taj Deccan, and Taj Krishna Hyderabad during the quarter and year ended under review. An amount of Rs.175 lakhs and Rs.997 lakhs was spent during the quarter and the year ended under review, respectively.

6. The Company has received a demand notice from Telangana State Southern Power Distribution Company Limited (TGSPDCL) during the 2ndand 4'h quarter of the financial year under review towards cross-subsidy surcharge amounting to Rs. 1161 lakhs on electricity units procured from a third-party producer i.e. M/s Ind Barath Energies Limited, Hyderabad, during the financial years 2004-05 to 2015-16, by Taj Krishna, Taj Deccan and Taj Banjara hotels. The Company has made a provision of Rs.364 lakhs in the 2ndquarter and for Rs.797 lakhs in the 4'hquarter of FY24-25 under the head Fuel, Power and Light. The Company has filed a writ petition with the Hon'ble High Court of Telangana and Hon'ble High Court of Telangana disposed of the writ petition directing the TGSPDCL to verify whether the Company's purchase of electricity units in those years from third party distribution Licensee is covered under the Electricity (Removal of Difficulties Second) Order dated 08th June, 2005 issued by the Ministry of Power, Government of India.

7. The Company's only business being hoteliering, disclosure of segment-wise information under Indian Accounting Standard (AS) 108 "Operating Segments" does not arise. There is no geographical segment to be reported since all the operations are undertaken in India.

   
   
   
   
   
   

8. 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.

9. The standalone and consolidated results for the quarter and year ended 31st March, 2025 will be 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).

By Order of the Board For TAJ GVK Hotels & Resorts Limited

Hyderabad

May 13 h, 2025

S ALINI B M

Managing Director DIN - 00005431

TAJ GVK HOTELS & RESORTS LIMITED

CIN . L40109TGJ 995PLCO19349

Registered Office : TaJ Krishna, Road No. J, Banjara Hills, Hyderabad - 500 054. Telangana, India

Telephone: (91-40) 2339 2323, 6666 2323; Fax : (91-40) 6662 5364: Website : https://www.tajgvk.in; GSTIN : 56AABCT2223L1 ZF

M. BHASKARA RAO & CO

C H A R T E R E D A C C O U N TA N T S

PNONES 23311245, 23393900

FAX 040-23399248

5-D, FIFTF FLOOR, "KAUTILYA",

6-3-652, SOMAJIGIJDA,

tJYDERABAD-500 092. INDIA.

e-mail : mbr co@mbrc.co.in

Independent Auditors' Report on Standalone Annual Financial Results of TAJ GVK Hotels & Resorts Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

TAJ GVK Hotels & Resorts Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

1. We have audited the accompanying Standalone Financial Results of TAJ GVK IIoteIs & Itesni ts I.ii»itc‹l ("the Company"), for the Quarter and year ended 31stMarch, 2025, ("the Statement"), 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").

2. In our opinion and to the best of our information and according to the explanations given to us, the said Statement:

   1. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

   2. gives a true and fair view in conformity with the Indian Accounting Standards and other accounting principles generally accepted in India, of the net profit and other comprehensive ir›cor»e and utl›u‹ fi‹›ai›cial i»foi»atioii of the Co»t›a›1y for the quarter and year ended 31" March, 2025.

Basis for Opinion

We conducted our audit of the Standalone Financial Results in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Standalone Financial Results for the quarter and year ended 31" March 2025.

Management's Responsibility for the Standalone Financial Results

These Standalone annual financial results have been prepared on the basis of the Standalone annual financial statements.

M. BHASKARA RAO & CO CONTINUATION SHEET

The Company's Management and Board of Directors are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Standalone Financial Results that give a true and fair view of the financial position, financial performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with the Ind AS and other accounting principles generally accepted in India. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Annual Financial Results, the Management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management and Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Standalone Annual Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Annual Financial Results.

As part of nn aiirlit in Bcreirdanr.o with SAs, we exercise prnfes.sional j‹Jdgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error; design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for eHpressing our opinion on whether the Company has an adequate internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the Standalone Annual Financial Results made by The Management and Board of Directors.

I *''*"t*'/" *' (I*

M. BHASKARA RAO & CO CONTINUATION SHEET

• Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Annual Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The standalone annual financial results include the results for the quarter ended 31" March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to 31" December 2024 (the third quarter of the current financial year) which were subject to limited review by us.

Our opinion is not modified in respect of the above matter.

For M. Bhaskara Rao & Co Chartered Accountants

Firm Registration No:000459S

Hyderabad, 13" May 2025

!"* /L ) r y /..‹plc._.

D Bapu Raghavendra

Partner Membership No:213274

M. BHASKARA RAO & CO

C H A R T E R E D A C C O U N 1"A N T S PHONES 23311245, 23393900

FAX 040-23399248

5-D, FIFTI-J FLOOR, "KAUTI LYA",

6-3-652, SOMAJIGUDA,

FJYDERABAD-SOO 002. INDIA.

e-mail : mbr_co@mbi c.co.in

Independent Auditors' Report on Consolidated Quarterly and year to date Financial Results of TAJ GVK Hotels & Resorts Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

TAJ GVK Hotels & Resorts Limited

1 We have audited the accompanying Consolidated Financial Results of TAJ GVK Hotels & Resorts Limited (the Holding Company or the Company) and its Joint Venture Company for the Quarter and year ended 31" March, 2025, ("the Statement"), 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").

1. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate financial statements/ financial information of the Joint Venture, the said Statement:

   1. includes results of the Company and Green Wood Palaces and Resorts Private Limited (a Joint Venture with the Company)

1. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

2. gives a true and fair view in conformity with the Indian Accounting Standards and other

accounting principles generally accepted in India, of the Consolidated net profit and other Comprehensive Income and other financial information of the Holding Company and its joint

venture for the quarter and year ended 31st March, 2025.

Basis for Opinion

We conducted our audit of the Consolidated Financial Results in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Holding Company and its Joint Venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our audit of the Consolidated financial results under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us along with the consideration of audit reports of the other auditors referred to in subparagraph (a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the Consolidated Financial results for the Quarter and Year ended 31" March 2025.

BHASKARA RAO & CO

Management's Responsibility for the Consolidated Financial Results

CONTINUATION SHEET

These consolidated annual financial results have been prepared on the basis of the consolidated

annual financial statements.

The Company's Management and Board of Directors' are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Consolidated Financial Results that give a true and fair view of the financial position, financial performance, consolidated net profit, other comprehensive income, changes in equity and cash flows of the Company and its Joint Venture in accordance with the Ind AS and other accounting principles generally accepted in India. The respective Managements and Boards of Directors of the Company and its Joint Venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the respective Companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Consolidated Financial Results, the Management and the respective Boards of Directors of the Company and its Joint Venture are responsible for assessing the respective Companies ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Management and Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The respective Boards of Directors of the Company and its Joint Venture are responsible for overseeing the financial reporting process of respective Companies.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error; design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

M. BHASKARA RAO & CO CONTINUATION SHEET

• Obtain an understanding uf internal financial coi tiols ielevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Holding Company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.

• Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company or its Joint Venture's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated financial results or if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company and its Joint Venture to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Consolidated financial results, including the disclosures, and whether the Consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

1. We did not audit the annual financial results and other financial information of the Joint Venture of the Company, included in this Statement whose annual financial results reflect the Company's share of net profit after tax of Rs.614 Lakhs & Rs. 2228 Lakhs for the quarter and year ended 31*tMarch 2025 respectively. These financial results of the aforesaid Joint Venture have been audited by the other auditor, whose report has been furnished to us by the Management, and our opinion, in so far as it relates to the amounts and disclosures included in respect of the aforesaid Joint Venture, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph above.

   
   
   

   M. BHASKARA RAO & CO CONTINUATION SHEET

2. The consolidated annual financial results include the results for the quarter ended 31st March 2025 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to 31stDecember 2024 (the third quarter of the current financial year) which were subjected to limited review by us.

Bapu Raghavendra

Hyderabad, 13'hMay 2025

DECLARATION

TAJGVK

Sub: Declaration pursuant to Regulation 33{3J{d} of the 8EBI ]Listing Obligations and Disclosure Requirements} Regulations, 2015 and SEBI Circular No.CIR/CPD/CMD/ 56/2016.

In compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 and SEBI Circular No.CIR/ CAD/ CMD/ 56/ 2016, dated: May 27, 2016, I hereby declare that M/ s.M.Bhaskara Rao & Co., Chartered Accountants (firm Registration No.0004595), Statutory Auditors of our Company, have issued an Audit

Report with unmodified opinion on Standalone and Consolidated Audited Financial Results of the Company for the 4tlâ Quarter and Year ended 31*' March, 2025.

Kindly take this declaration on your records.

For TAJ GVK Hotels & Resorts Limited

CFO & Company Secretary M.NO.FCS-4460

Place : Hyderabad

D te : 13.05.2025

TA} GVK HOTELS & RESORTS LIMITED

CIN . L40109TG1995PLCO19349

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

Telephone : (91-40) 2339 2323, 6666 2523; Fax : (9J -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN : 56AABCT222ZL1 ZF