Financial Results for the Quarter ended 31st March 2026

28th May, 2026

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

Dalal Street, Fort

MUMBAI - 400 001.

����

The National Stock Exchange of India Ltd Exchange Plaza, 5th Floor,

Plot No.CJ 1, G Block,

Bandra Kurla Complex, Bandra (E)

MUMBAI - 400 051.

Dear Sir,

Sub: Outcome of the Board Meeting - Integrated filing (Financial) - Audited Financial Results for the 4th quarter and year ended 31.03.2026.

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

Pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at its meeting held on today i.e., 28.05.2026 has considered and approved the following business:

1. Audited Financial Result_s (Standalone and Consolidated) of the company for the 4th Quarter and Year ended 31st March, 2026 as recommended by the Audit Committee along with Auditors' Report (with unmodified opinion) and Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 are enclosed as Annexure-1.

2. Format for disclosure of Related Party Transactions (for the 2nd half year ended 31st March, 2026) enclosed as Annexure-2.

3. The Board Recommended a dividend of Rs.2/- per Equity Share of Rs.2/-each fully paid up of the Company @100% (previous year 100%) for the financial year ended 31st March, 2026, subject to the approval of the Members at the ensuing Annual General Meeting.

The Board meeting commenced at 11.30 a.m. and concluded at 1,1.5 p.f"(. This is for your information and record.

--

Yours faithfully

For TAJGVK Hotels & Resorts Limited

J S�THY

CFO & Company Secretary M.NO.FCS-4460

Encl: a/a

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 : (91-40) 6662 5364; Website : https://www.tajgvk.in: GSTIN: 36AABCT2223L1 ZF

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

Rslakhs

43

4.35

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,9�

/

t±c.;-:�· i ,e e·d'O' · TAJ GVK HOTELS & RESORTS LIMITED � � '0-E.l��1

A��!J & 1:> �

0

I lo>� 1• ()s,o Registered Office: Taj

Krishna, Road No. 1, Banjara s,

CIN : L40109TG1995HPilLlC0H1y9d3e4ra9bad - 500 034. Telanyi�--n� 1-

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:,.,,

J,..._c;JJ,

�� . (91-40) 2339 2323, 6666 2323; Fax: (91-40) 6662 5364; Website: www.tajgvk.in; GSTIN : 36AA1 .:.._� r?0J}f'

TAJGVK

STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT MARCH 31, 2026

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC019349

Registered Office : Taj Krishna. Road No. 1, Banjara Hills, Hyderabad - 500 054. T anga Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website :www.tajgvk.in;

1 F

Rs.lakhs

Statement of Standalone Cash Flows for the year ended 31st March 2026

TAJGVK

As at As at

March 31st, March 31st,

1. Cash Flow from Operating Activities

   Net Profit/(Loss) before Tax

   Depreciation and amortisation expenses on Property, plant and equipment and I Loss/(Gain) on disposal of Property, plant and equipment

   Bad debtswritten off Finance costs Dividend Income Interest income

   Cash Operating Profit before working capital changes

   Adjustments for Changes in Operating Assets and Liabilities Trade Receivables

   Inventories

   Non-current Financial assets Current Financial assets Non-current Other assets Current Other assets

   Non-current Financial liabilities Current Financial liabilities Other Liabilities

   Provisions Trade payables

   Cash generated from operating activities Less: Direct Taxes Paid

   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 Purchase of Non-Current Investments

Dividedn Received 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 Proceeds/(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 I (decrease) in cash and cash equivalents (A+B+C)

cash and cash equivalent at the beginning of the year Q@h and cash equivalent at the end of the year

2026

Rs. in

lakhs Audited

15801

1,265

-

79

466

(2021)

(609)

14981

(1908)

(164)

(30)

4093

333

(470)

619

1884

206

479

(2196)

17827

3204

14623

(18637)

(1609)

2021

489

0

(2430)

(20166)

7044

21

(4)

(429)

(1254)

5378

(165)

2283

2118

2025

Rs. in

lakhs Audited

12859

1320

3

0

885

0

(671)

14396

134

(101)

(368)

(64)

(1043)

90

(96)

112

(4)

(46)

1752

14762

3145

11617

(4072)

0

0

584

2

1577

(1909)

(6648)

11

(423)

(429)

(940)

(8429)

1279

1004

2283

TA} GVK HOTELS & RESORTS LIMITED

ClN:L40109TGl995PLC0l9349

Registered Office : Taj Krishna. Road No. 1, Banjara Hills, Hyderabad - 500 034. Telan@na, Telephone : (9J -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GSTIN

Notes:

1. The Standalone Audited Financial results for the quarter and year ended 31st March 2026 were reviewed and recommended by the Audit Committee and Approved by the Board of Directors at their respective meetings held on 28th May, 2026.

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 figures for the 4th quarter ended March 31, 2026 and March 31, 2025 are arrived at the difference between the audited figures in respect of the full financial year and the published unaudited limited reviewed 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 2026, subject to approval of shareholders at the ensuing Annual General Meeting of the company

5. The Subsidiary Company's Board, at its meeting held on 27th May 2026 declared and recommended a dividend of 60% i.e. Rs.6.00/- per equity share of Rs.10/- each for FY 2025-26, subject to the approval of shareholders at the ensuing Annual general Meeting of the subsidiary company.

6. 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.119 lakhs (PY Rs. 175 lakhs) and Rs.801 lakhs (PY Rs.1001 lakhs) was spent during the quarter and the year ended respectively.

7. On November 21, 2025, the Government of India notified the four Labour Codes - The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health & Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the incremental impact of the changes on the basis of the best information available and arrived at an additional liability of Rs.422 lakhs which forms part of Employee Benefits Expenses for the year under review. The Company continues to monitor the finalization of Central/ State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.

8. 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

   M

   ,,-,:;:;:=::::::-... segment to be reported since all the operations are undertaken in India.

   r,,�� -?_.,,o

   '<:('" C

   :C. /11.e

   TAJ GVK HOTELS & RESORTS LIMITED

   CIN : L40109TG1995PLC019349

   (!)

   Registered Office: Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangana, I ,,,.6-Telephone: (91-40) 2339 2323, 6666 2323; Fax: (91-40) 6662 5364; Website : www.tajgvk.in; GSTIN ; 36AAB

   
   
   

   TAJGVK

9. During the quarter, the Company acquired 15,05,100 equity shares of face value of Z10 each at a premium of Z96.91 per share from Greenridge Hotels & Resorts LLP in Green Woods Palaces and Resorts Private Limited ("Greenwoods"), which operates the Taj Santacruz hotel, for an aggregate consideration of Z16,09,10,241. Consequent to the aforesaid acquisition, the Company's shareholding in Greenwoods increased from 48.99% to 51.00% and Greenwoods became a subsidiary of the Company with effect from 10 February 2026.

10. 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.

11. The standalone and consolidated results for the quarter and year ended 31st March, 2026 are available on the Bombay Stock Exchange website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tajgvk.in).

F

For TAJ GVK HoteBs ORes

'rts

th

eiBiaed

@

S BTAUL NI

Hyderabad May 28, 2026

Managing Director & CEO

DIN - 00005431

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 : www.tajgvk.in: GSTIN : 36AABCT2223L1 ZF

M. BHASKARA RAO & CO

CHARTERED ACCOUNTANTS PHONES : 23311245, 23393900

FAX : 040-23399248

5-D, FIFTH FLOOR, "KAUTILYA",

6-3-652, SOMAJIGUDA,

HYDERABAD-500 082. INDIA.

e-mail : mbr_co@mbrc.co.in

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

To the Board of Directors of

TAJ GVK Hotels & Resorts Limited

Report on the audit of the Standalone Annual Financial Results Opinion

l. We have audited the accompanying Standalone Financial Results of TAJ GVK Hotels & Resorts Limited ("the Company"), for the quarter and year ended 31st March, 2026, ("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, 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 income and other financial information of the Company for the quarter and year ended 31st March, 2026.

Basis for Opinion

We conducted our audit of the Standalone Financial Results in accordance with the Standards on Auditing 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 ofindia (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.

Management's Responsibility for the Standalone Financial Results

The Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, have been prepared on the basis of the standalone annual financial statements.

�=:::::,..

The Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive loss and other financial information in accordance with applicable Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. The responsibility also includes maintenance of adequate ing records in accordance with the provisions of the Act for safeguarding the assets of the Company preventing and detecting frauds and other irregularities; selection and application of appropriate

M. BHASKARA RAO & CO CONTINUATION SHEET

accounting policies; making judgments and estimates that are reasonable and prudent; and 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 Statement 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 the Statement.

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 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 expressing 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 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'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 Statement, 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 ing of the audit and significant audit findings, including any significant deficiencies in internal that we identify during our audit.

M. BHASKARA RAO & CO CONTINUATION SHEET

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 Statement include the results for the quarter ended 31 st March 2026 being the balancing figure between the audited figures in respect of the financial year ended 3 I st March 2026 and the published unaudited year to date figures up to 31st December 2025 (the third quarter of the current financial year) which were subjected to limited review by us.

Hyderabad, May 28, 2026

For M. Bhaskara Rao & Co

Chartered Accountants Firm Registration No:000459S

·���

D Bapu Raghavendra

Partner Membership No:213274

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

TAJGVK

Rs lakhs

CIN : L40l09TG1995PLC0l9]49

Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telanga a, @ @Y EN" Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : www.tajgvk.in; GSTI '

TAJGVK

STATEMENT OF CONSOLIDATEO ASSETS AND LIABILITIES AS AT MARCH 31, 2026

Rs.lakhs

TA} GVK HOTELS & RESORTS LIMITED

CIN : L40109TG1995PLC019349

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

Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (9J -40) 6662 5364; Website : www.tajgvk.in; GSTIN : 36A 1 ZF

Statement of Consolidated Cash Flows for the year ended 31st March 2026

TA GVK

1. Cash Flow from Operating Activities

   Net Profit 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 I Loss/(Gain) on disposal of Property, plant and equipment

   Provision for Bad & Doubtful Debts Finance costs

   Interest income

   Cash Operating Profit before working capital changes

   Adjustments for Changes in Operating Assets and Liabilities Trade Receivables

   Inventories

   Non-current Financial assets Current Financial assets Non-current Other assets Current Other assets

   Non-current Financial liabilities Current Financial liabilities Other Liabilities

   Provisions Trade payables

   Cash generated from operations Less: Direct Taxes Paid

   Less: 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 Dividend received

   Other bank balances

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

3. Cash Flow from Financing Activities Proceeds/(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 due to acquisition of subsidiary

   high and cash equivalent at the end of the year

   TA} GVK HOTELS & RESORTS LIMITED

   CIN:L40l09TGl995PLC0l9]49

   As at March 31st, 2026

   Rs. in

   lakhs Audited

   14389

   3021

   17410

   (2186)

   1473

   24

   229

   491

   (690)

   16751

   (2461)

   (184)

   (234)

   4144

   319

   (470)

   649

   2024

   206

   2154

   (1871)

   21027

   2898

   835

   17294

   (20359)

   1049

   0

   0

   1880

   (17430)

   640

   21

   (420)

   (689)

   (1254)

   (1702)

   (1838)

   2,283

   2,799

   3,244

   As at March 31st, 2025

   Rs. in lakhs

   Audited

   12859

   3192

   16051

   (2228)

   1320

   3

   885

   (671)

   15360

   134

   (101)

   (367)

   (64)

   (1043)

   90

   (96)

   112

   (4)

   (46)

   1752

   15726

   3145

   964

   11617

   (4072)

   584

   2

   -1,577

   (1909)

   (6648)

   11

   (423)

   (429)

   (940)

   (8429)

   1279

   1,004

   2,283

   Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Telangâha, I i Telephone : (91-40) 2339 2323, 6666 2323; Fax : (91-40) 6662 5364: Website : www.tajgvk.in; GSTIN : 6 CT2223

   
   
   

   .* TAJGVK

   Notes:

   1. The Consolidated Audited Financial results for the quarter and year ended 31 t March 2026 were reviewed and recommended by the Audit Committee and Approved by the Board of Directors at their respective meetings held on 28t^May, 2026.

   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 figures for the 4th quarter ended March 31, 2026 and March 31, 2025 are arrived at the difference between the audited figures in respect of the full financial year and the published unaudited limited reviewed figures up to nine months of the relevant financial year.

   4. During the quarter under review, the Company acquired an additional 2.01% equity stake in Greenwoods Palaces and Resorts Private Limited ("Greenwoods") on 10 February 2026, consequent to which Greenwoods became a subsidiary of the Company with effect from the said date.

      Accordingly, upto 9 February 2026, the Company accounted for its investment in Greenwoods as a Joint Venture under the equity method in accordance with Ind AS 28 "Investments in Associates and Joint Ventures" read with Ind AS 111 "Joint Arrangements". Pursuant to acquisition of control, the financial statements of Greenwoods have been consolidated with the financial statements of the Company on a line-by-line basis in accordance with Ind AS 110 "Consolidated Financial Statements" with effect from 10 February 2026.

      The Company revalued the investment held in its books at the current acquisition price as required under Ind AS 110. Accordingly, the company reported Gain on Fair value of equity investment due to business combination of Rs.28,264 lakhs which is disclosed as Exceptional Item in Statement of Consolidated Profit and Loss. The Goodwill arising on revaluation of Greenwoods Palaces & Resorts Pvt Limited as a combined economic entity and the Non-Controlling Interest therein are respectively reported in the Statement of Consolidated Assets and Liabilities.

      The Board of Directors of Greenwoods approved its audited financial results for the year ended 31 March 2026 at its meeting held on 27 May 2026, which have been considered for the purpose of consolidation in these consolidated financial results.

   5. 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.119 lakhs (PY Rs. 175 lakhs) and Rs.801 lakhs (PY Rs.1001 lakhs) was spent during the quarter and the year ended respectively.

   6. On November 21, 2025, the Government of India notified the four Labour Codes - The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health & Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the incremental impact of the changes on the basis of the best information available and arrived at an

      
      
      

      yt, ? dditional liability of Rs.422 lakhs which forms part of Employee Benefits Expenses for the year under review. The Company continues to monitor the finalization of Central/ State Rules and clarifications

      TA} GVK HOTELS & RESORTS LIMITED

      CIN : L40109TG 1995PLC019349

      Registered Office : Taj Krishna, Road No. 1, Banjara Hills, Hyderabad - 500 034. Tela gana}{" Telephone : (91 -40) 2339 2323, 6666 2323; Fax : (91 -40) 6662 5364; Website : https://www.tajgvk.in; GST

      TAJGVK

      from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.

   7. 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.

   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, 2026 are available on the Bombay Stock Exchange website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tajgvk.in).

By Order of the Board

For TAJ GVK Hotels & Resorts Limited

Hyderabad May 28, 2026

SHE

Managing Director & CEO

DIN - 00005431

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

M. BHASKARA RAO & CO

CHARTERED ACCOUNTANTS

PHONES 23311245, 23393900

FAX 040-23399 248

5-D, FIFTH FLOOR, "KAUTILYA",

6-3-652, SOMAJIGUDA,

HYDERABAD-500 082. INDIA.

e-mail mbr_co@mbrc.co.in

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

To the Board of Directors of

TAJ GVK Hotels & Resorts Limited

Report on the audit of the Consolidated Financial Results Opinion

1. We have audited the accompanying Consolidated Financial Results of TAJ GVK Hotels & Resorts Limited (hereinafter referred to as 'the Holding Company') and its subsidiary (collectively referred to as 'the Group') for the quarter and year ended 31st March, 2026, ("the Statement"), being submitted by the Holding 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, and based on the consideration of the report of the other auditor on separate financial statements/ financial information of the Subsidiary, the said Statement:

   1. includes results of TAJ GVK Hotels & Resorts Limited, and Green Wood Palaces and Resorts Private Limited (Subsidiary w.e.f l0'h February 2026 -Joint Venture upto 9'h February 2026)

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

2. gives atrue 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 Group for the quarter and year ended 31•' March, 2026.

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 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 report of the other auditor referred to in subparagraph

(a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion p the Consolidated Financial results for the Quarter and Year ended 31" March 2026.

CONTINUATION SHEET

Management's Responsibility for the Consolidated Financial Results

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

The Holding Company's Management and Board ofDirectors 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 atrue 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 Subsidiary in accordance with the Ind AS and other accounting principles generally accepted in India. The respective Management and Board of Directors of the Company and its Subsidiary 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 judgments and estimates that are reasonable and prudent; and 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 Companies included in the Group 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 Companies included in the Group 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 basls 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.

• Obtain an understanding of internal financial controls relevant 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 lated to events or conditions that may cast significant doubt on the appropriateness of this assumption.

M. BHASKARA RAO & CO CONTINUATION SHEET

If we conclude that amaterial 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 Subsidiary 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/CMD 1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matters

1. The consolidated financial results include the Holding Company's share of net profit of Rs.2,185.69 Lakhs for the period upto 9"' February 2026 and Rs.504 Lakhs for the period from 1" January 2026 to 9"' February 2026, recognised under the equity method in respect of Green Woods Palaces and Resorts Private Limited, which became a subsidiary of the Holding Company with effect from 10"' February 2026.

   The Consolidated financial results also include the financial results of the above said subsidiary, whose financial information reflects total assets (before consolidation adjustments) of Rs. 22,038.74 Lakhs as at March 31, 2026, total revenues post-acquisition of share of Rs. 3515.87 Lakhs and net cash outflows (before consolidation adjustments) amounting to Rs.1,090.33 Lakhs for the year ended on that date, as considered in the consolidated financial statements.

   The aforesaid financial information of the said entity has been audited by other auditor whose report have been furnished to us by the Management, and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of the said entity, is based solely on the report of the other auditor.

2. The consolidated annual financial results include the results for the quarter ended 31st March 2026 being the balancing figure between the audited figures in respect of the financial year ended on 31stMarch 2026 and the published unaudited year to date figures up to 31" December 2025 (the third quarter of the current financial year) which were subject to limited review by us.

for M. Bhaskara Rao & Co

R4

CWarlerad

Chartered Accountants

Firm Registration No:000459S

Hyderabad, May 28, 2026

D Bapu Raghavendra

Partner Membership No:213274

UDIN: $ $$

TAJGVK

DECLARATION

Sub: Declaration pursuant to Regulation 33(3}(dJ of the SEBI {Listing Obligations and Disclosure Requirements} Regulations, 2015 and 8E'BI Circutar No.CIR/ CFD/CAD/ 56/2016.

In compliance to Regulation 33(3)(d) of the SEBI (Listing ObligaDons and Disclosure Requirements) Regulations, 20 15 as amended by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 and SEBI Circular No.CIR/CFD/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 Cth Quarter and Year ended 31stMarch, 2026.

Kindly take this declaration on your records.

For TAJGVK Hotels As Resorts Limited

MURTHY

CFO 4c Company Secretary M.NO.FCS-4460

Place : Hyderabad Date : 28.05.2026

YDEkts

Telephone

TAJ GVK HOTELS & RESORTS LIMITED

CIN : L401 09TG1995PLC0I 9349

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

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

DISCLOsuoRrs

'AJGVK

RELTEorxRTY TRANSACTIONS - CONSOLIDATED BASIS

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

Mr. N Anil Kumar Reddy Mr. N Sandeep Reddy Mr. L.V. Subramanyam Mr. N Ramesh Kumar Mrs. Dinaz Noria

Mr. N Sambasiva Rao

Mr. J Krishna Kishore

Independent Director Independent Director Independent Director Inde endent Director Independent Director Independent Dlrector

Independent Director

Chief Financial Officer and Company Secretary / KMP:

Mr. J. Srinivasa Murthy | CFO & Company Secretary

TAJ GVK Hotels & Resorts Limited's (TAJGVK) principal related party transactions consists of its transactions with Directors, GVK Group Companies, Green Woods Palaces & Resorts Private Llmited (Subsidiary Company) and Key Managerlal Personnel. TAJGVK's related party transactions and outstanding balances during the half year ended 31.03.2026 with the related parties with whom the company entered into transactions in the ordinary course of business are given below:

B. Other related parties:

TAJ GVK HOTELS & RESORTS LIMITED

(Note (•) : Frnnsnctions only upto 31.12.'2O2S)

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

����

C. Companles/Firm,/T,u,t in which the key management and their ,elative, ue TAJGVK

Transactions with the related parties done during the period 1st October, 2025 to 31st March, 2026

(Rs.in Lakhs)

Name of the related party

Key Management Personnel:

Salaries and other employee benefits to

- Mrs. Shalini Bhupal

Quarter ended 31st March, 2026

211.60

Half Year ended 31st March, 2026

387.37

Directors

Subsidiary Company :

Green Woods Palaces & Resorts (P) Ltd

Deputed Staff Out reimbursements - Receivable Other Current Account Transactions - Payable

Joint Venturer's Associate Companies: (Transactions only up to 31-12-2025) Indian Hotels Company Limited

Management fee - Payable

Reimbursement of advertisement expenses - Payable Deputed Staff In expenses - Payable

Deputed Staff Out reimbursements - Receivable Current Account Transactions - Receivable

Oriental Hotels Limited (Transactions only up to 31-12-2025)

Deputed Staff In expenses - Payable

Deputed Staff Out reimbursements - Receivable Current Account Transactions- Payable

PIEM Hotels Limited (Transactions only up to 31-12-2025)

Deputed Staff In expenses - Payable

Deputed Staff Out reimbursements - Receivable Enterprises with common directors: (Transactions only up to 31-12-2025)

Kaveri Retreats Resorts Ltd - Payable

Ideal ICE Ltd - Receivable

0.71 2.42

- 2.64

669.20

168.81

183.02

135.38

37.12

18.95

8.14

3.02

8.48

11.28

-

1.01

9.51

Tai Kerala and Resorts Ltd -Receivable

/, �.S&� 0.61

�b"

v

'/�

(9

1'..n

,-...c,,J

�1J ; HYDERABAD � )

-

TAJ GVK HOTELS & RESORTS LIMITED �TY

CIN : L40109TG1995PLC019349

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

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

Balances Outstanding as of 31st March, 2026:

Rs. lakhs

Name of the related party Amount in

Subsidiary Company

Green Woods Palaces & Resorts (P) Ltd

Investment in Equity Shares 11025.00

Deputed Staff & current account dues payable/(receivable)

Enterprises in which key management personnel and/ or their relatives have significant influence:

Kairos Securities Health and Composite Services Pvt Ltd - Payable

Enterprises in which key management personnel and/ or their relatives have significant influence:

Amount receivable for sale of rooms and food & beverages:

(2.05)

48.54

For TAJ GVK Hotels & Resorts Limited

Place: Hyderabad Date : 28.05.2026

�

JS RTHY

CFO & COMPANY SECRETARY

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: (91-40) 6662 5364; Website: https://www.tajgvk.in; GSTIN : 36AABCT2223L1ZF

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