Press Release

JHL/SJ/2026/68 September 16, 2026 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai - 400 051 Mumbai - 400 001 Symbol: JUNIPER Scrip Code: 544129 Subject: Intimation regarding proposed acquisition of an operating hotel, Novotel Imagicaa from Imagicaaworld Entertainment Limited (“Seller”) Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Juniper Hotels Limited ("the Company") at its meeting held today, Wednesday, September 16, 2026, has inter alia, approved the following: 1. Proposal for acquisition of the operating hotel, Novotel Imagicaa, located in Khopoli strategically in close proximity to Mumbai, Maharashtra, for an aggregate lump-sum purchase consideration of Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only) subject to tax deduction at source, stamp duty, transaction costs and other adjustments, if any and subject to the terms and conditions mentioned in the definitive documents, which may include a deed of conveyance, business transfer agreement, asset purchase agreement, slump sale agreement and other ancillary documents, as may be required (“Definitive Documents”) to be executed between the Company and Imagicaaworld Entertainment Limited (“Seller”). 2. Memorandum of Understanding (MoU), in relation to the aforesaid acquisition, to be entered between Juniper Hotels Limited ("the Company") and Imagicaaworld Entertainment Limited (“Seller”). The Company will make further disclosures to the stock exchanges as and when the definitive documents are executed and upon material developments, including completion. The details as per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the additional disclosures as required under the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are given as under: 1. Details pertaining to proposed acquisition is enclosed herewith as Annexure A. 2. Details pertaining to Memorandum of Understanding (MoU) to be entered is enclosed herewith as Annexure B. 3. Media Release is enclosed herewith as Annexure C. This intimation is also being made available on the website of the Company at www.juniperhotels.com. The Board meeting commenced at 11:05 a.m. and concluded at 11:36 a.m. Juniper Hotels Limited (Formerly known Registered Office Address: off Western complianceofficer@juniperhotels.com as Juniper Hotels Private Limited) Express Highway, Santacruz (East) 022-66761000/1012 CIN: L55101MH1985PLC152863 Mumbai, Maharashtra 400055, India www.juniperhotels.com This is for your information, records, and appropriate dissemination. Thanking You, For Juniper Hotels Limited Sandeep L. Joshi Company Secretary and Compliance Officer Encl: as above Juniper Hotels Limited (Formerly known Registered Office Address: off Western complianceofficer@juniperhotels.com as Juniper Hotels Private Limited) Express Highway, Santacruz (East) 022-66761000/1012 CIN: L55101MH1985PLC152863 Mumbai, Maharashtra 400055, India www.juniperhotels.com Annexure A PROPOSED ACQUISITION OF NOVOTEL IMAGICAA The details as per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the additional disclosures as required under the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as under: Sr. No. Particulars Details 1 Name of the target entity, details in brief Not applicable, as no shares, voting rights or control such as size, turnover etc. in an entity are proposed to be acquired. The proposed transaction comprises acquisition of Novotel Imagicaa, an operating hotel undertaking located at Khopoli, District Raigad, Maharashtra (“Hotel Undertaking”) for an aggregate lump-sum purchase consideration of Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only), subject to tax deduction at source, stamp duty, transaction costs and other adjustments, if any and subject to the terms and conditions mentioned in the de(cid:976)initive documents. The Hotel Undertaking comprises approximately 11 acres of land, with a built-up area of approximately 2,80,000 sq. ft., comprising 287 guest rooms, along with restaurants, banquet and meeting facilities, recreational amenities and other associated hotel infrastructure. 2 Whether the acquisition would fall within No, the said transaction would not fall under related related party transaction(s) and whether party transaction. the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3 Industry to which the entity being Industry: Hospitality. acquired belongs; The proposed acquisition relates to an operating hotel business. Imagicaaworld Entertainment Limited (the “Seller”) owns the Hotel Undertaking. 4 Objects and impact on acquisition The proposed acquisition is aligned with Juniper’s (including but not limited to, disclosure of hospitality business and adds an established, cash- reasons for acquisition of target entity, if generating, 287-key hotel in the Mumbai–Pune its business is outside the main line of corridor, catering to leisure, social and MICE demand. business of the listed entity); 5 Brief details of any governmental or The proposed transaction is subject to such statutory, regulatory approvals required for the regulatory, shareholder, lender, contractual and acquisition third-party approvals or consents as may be required under applicable law and the De(cid:976)initive Documents. 6 Indicative time period for completion of Based on the information available at present, the the acquisition; proposed transaction is expected to be completed on or before March 31, 2027, subject to ful(cid:976)ilment of the conditions precedent as may be agreed between the Juniper Hotels Limited (Formerly known Registered Office Address: off Western complianceofficer@juniperhotels.com as Juniper Hotels Private Limited) Express Highway, Santacruz (East) 022-66761000/1012 CIN: L55101MH1985PLC152863 Mumbai, Maharashtra 400055, India www.juniperhotels.com parties and receipt of requisite regulatory, statutory and other approvals/consents, as may be required from time to time. 7 Nature of consideration - whether cash Cash consideration of Rs. 2,48,00,00,000/- (Rupees consideration or share swap or any other Two Hundred Forty-Eight Crores Only), subject to tax form and details of the same; deduction at source, stamp duty, transaction costs and other adjustments, if any and subject to the terms and conditions mentioned in the de(cid:976)initive documents 8 Cost of acquisition or the price at which Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty- the shares are acquired; Eight Crores Only), subject to tax deduction at source, stamp duty, transaction costs and other adjustments, if any and subject to the terms and conditions mentioned in the de(cid:976)initive documents 9 Percentage of shareholding/ control Not Applicable as no acquisition of control/ shares/ acquired and/ or number of shares voting rights is being contemplated acquired; 10 Brief background about the entity Not applicable to the extent no shares, voting rights acquired in terms of products/line of or control in an entity are being acquired. business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other signi(cid:976)icant information (in brief); Juniper Hotels Limited (Formerly known Registered Office Address: off Western complianceofficer@juniperhotels.com [Showing first 8,000 characters — download PDF for full document]