The Board approved issuance of 8,33,700 equity shares and 11,00,000 convertible warrants, on preferential basis.

Date: July 22, 2026 BSE Limited 25th Floor, P J Towers, Dalal Street, Fort, Mumbai ‐ 400 001 Scrip Code: 531637 Dear Sirs, Sub. : Outcome of Board Meeting – Issue of Equity Shares and Warrants on Preferential Basis In furtherance to the intimation dated July 16, 2026, and pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors (‘Board’) of the Company, at its meeting held today i.e. July 22, 2026 have approved, inter alia, the following: 1. Exercise of option of Conversion of Unsecured Inter Corporate Loan in to Equity Shares of the Company by Jhaveri Credits and Capital Limited in terms of Loan Agreement dated May 7, 2025 r.w. Supplemental Agreement dated July 13, 2026, subject to the approval of members in the General Meeting and other statutory and regulatory approvals whereas necessary and applicable. 2. The Preferential Issue of up to 8,33,700 (Eight Lakh Thirty‐Three Thousand Seven Hundred Only) Equity Shares of face value of Rs.10/‐ (Rupees Ten only) each towards conversion of unsecured Inter Corporate Loan taken from Jhaveri Credits and Capital Limited at an issue price of Rs.275/‐ (Rupees Two Hundred Seventy‐Five Only) or such other higher price determined as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018, subject to the approval of members in the General Meeting and other statutory and regulatory approvals whereas necessary and applicable. Further, the details as required under Regulation 30 of the Listing Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025‐CFD‐POD2/I/3762/2026 dated 30thJanuary, 2026, with respect to the Preferential Allotment is enclosed as Annexure A. 3. The issuance of 11,00,000 (Eleven Lakh Only) Convertible Warrants each convertible into, on exchangeable for, 1 (one) fully paid‐up equity share of the Company of face value of Rs. 10/‐ each to the person(s) belonging to the Promoter and Promoter Group of the Company, on a preferential basis (“Preferential Issue”) at an issue price of Rs. 275/‐ (Rupees Two Hundred Seventy‐Five Only) or such other higher price determined as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018, subject to the approval of members in the General Meeting and other statutory and regulatory approvals whereas necessary and applicable. Further, the details as required under Regulation 30 of the Listing Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025‐CFD‐POD2/I/3762/2026 dated 30th January, 2026, is enclosed as Annexure A. 4. Considered and approved the draft Notice of Extra Ordinary General Meeting of the Members of the Company scheduled to be held on Friday, 21thAugust, 2026, at the registered office of the Company. The relevant details will be submitted to the Stock Exchange in due course of time. 5. The Board of Directors has appointed M/s. ALAP & Co. LLP (LLPIN: ACA‐1561), Practicing Company Secretaries (FRN: L2023GJ013900), as the scrutinizer to scrutinize the e‐voting process. The meeting commenced at 03:30 P.M. and concluded at 04:44 P.M. The Press Release for the same is enclosed. This is for your information and record. Thanking You. Yours Faithfully, For Praveg Limited Vishnukumar Patel Chairman & Managing Director DIN: 02011649 Annexure‐A The details as required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025‐CFD‐POD2/I/3762/2026 dated January 30, 2026: Sr. Particulars Details 1. Type of securities proposed to be issued (viz. 1. Equity Shares Equity shares, convertibles etc.); 2. Convertible Warrants 2. Type of issuance (further public offering, Preferential Issue on a private placement basis in accordance rights issue, depository receipts (ADR/GDR), with the provisions of the Companies Act, 2013 and the rules qualified institutions placement, preferential made thereunder, Chapter V of the SEBI ICDR Regulations and allotment etc.); other applicable laws. 3. Total number of securities proposed to be 8,33,700 Equity Shares by way of conversion of Unsecured issued or the total amount for which the Inter Corporate Loan securities will be issued (approximately); 11,00,000 (Eleven lakh Only) Warrants for Cash. 4. In case of preferential issue, the listed entity As under shall disclose the following additional details to the stock exchange(s): 4A. Names and Number of the investors ‐ EQUITY 1 Investors as under; Name of Proposed Allottees Category Jhaveri credits and Capital Promoter Group ‐ Body Limited Corporate 4B. Names and Number of the investors – 4 Investor as under; CONVERTIBLE WARRANTS Name of Proposed Allottees Category Harsh Vishnubhai Patel Promoter Group ‐ Individual Nupur Vishnubhai Patel Promoter Group ‐ Individual Zalak Harsh Patel Promoter Group ‐ Individual Kamlaben Vitthalbhai Patel Promoter Group ‐ Individual 5. Post allotment of securities ‐ outcome of the As under subscription Number of Investors 5 Pre‐Preferential Issue Post‐Preferential Issue Category of Shareholder No. of Shares % No. of Shares % Promoters & Promoters’ Group 12072294 46.17 14005994 49.87 Public 14077882 53.83 14077882 50.13 Total 26150176 100.00 28083876 100.00 Notes: 1. Pre‐issue Shareholding pattern as on July 17, 2026. 2. The pre‐issue and post‐issue shareholding pattern has been prepared on a fully diluted basis, after giving effect to the proposed issue and assuming the exercise of all 9,481 outstanding Employee Stock Options (ESOPs), which are convertible into an equivalent number of Equity Shares of the Company, in accordance with the terms of the applicable ESOP Scheme. 3. The post issue shareholding pattern in the above table has been prepared on the basis that the proposed allottee(s) will subscribe to all the equity shares and / or warrants which they intent to do so and on fully diluted basis and the pre‐issue share holding pattern continue to be the same. In the event for any reason, the proposed allottee(s) do not or are unable to subscribe to and/or are not allotted the Equity Shares or warrants, the shareholding pattern in the above table would undergo corresponding changes. Moreover, it is presumed that all the warrants subscribed will be converted into equity shares. 6. Issue Price – Equity &Convertible Warrants Rs. 275/‐ (Rupees Two Hundred Seventy‐Five Only) or such other higher price determined as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018 7. In case of convertibles ‐ intimation on Each Convertible Warrant will be convertible into, or conversion of securities or on lapse of the exchangeable for, 1 (one) fully paid‐up equity share of the tenure of the instrument Company of face value of Rupee 10/‐ each payable in cash, which may be exercised in one or more tranches during the period commencing from the date of allotment of the Convertible Warrants until expiry of 18 (Eighteen) months. 8. Any cancellation or termination of proposal N.A. for issuance of securities including reasons thereof Praveg LLimited BBoard Appproves ₹₹53.72 Cr Prefereential Issue Throuugh Eqquity Shaares and Converttible Warrrants Ahmmedabad, Juuly22nd, 20226 - Praveg Limited (BBSE – 5316637), India'ss leading ecco-responsible luxury resorrts companyy, today annnounced thaat its Boardd of Directoors, at its mmeeting heldd on July 222, 2026, apprroved a preeferential isssue of equiity shares aand converttible warraants aggregaating approoximately ₹53.772 Cr, subjeect to the appproval of shaareholders annd other appplicable statuutory and reggulatory appprovals. The Board has aapproved thee preferentiaal allotmentt of 8,33,7000 equity shaares of face value ₹10 eeach at an issuee price of₹2275 per shaare towards the conversion of an uunsecured innter-corporaate loan avaiiled from Jhavveri Creditss and Capitaal Limited. The converssion, aggreggating approoximately ₹222.93 Cr, wwill reduce the CCompany's ooutstanding ddebt while sttrengtheningg its capital sstructu [Showing first 8,000 characters — download PDF for full document]