Press Release

IMART HOTEL INVESTMENTS— ST ¢ | 03 November 2026 BSE Limited National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla India Mumbai - 400 001, Maharashtra, India Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India Scrip Code: 543984 Scrip Code: SAMHI Sub: Press Release Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI LODR Regulations™), attached is a copy of the Press Release in relation to the Unaudited Standalone and Consolidated Financial Results for the quarter and six months ended 30® September 2026, approved under Regulation 33 of the SEBI LODR Regulations by the Board of Directors of the Company at its meeting held on Tuesday, 03 November 2026. You are hereby requested to take the above information on your records. Thanking You. Yours faithfully, For SAMHI Hotels Limited Sanjay Jain Senior Director - Corporate Affairs, Company Secretary and Compliance Officer Correspondence: SAMHI Hotels Lid SAMHI SMART HOTEL INVESTMENTS—— SAMHI Hotels Limited Q2 & H1FY27 Results: Domestic Demand Driving Occupancy Growth Delivered strong double-digit revenue growth, expanding EBITDA +14.3% 78.6% 3,427 Min (+15.6%) 1,238 Mn (+12.0%) 411 Mn RevPAR growth* Occupancy* Total Income Consol. EBITDA PAT All values in mn, unless specified otherwise; *same-store basis New Delhi, 03" November 2026: SAMHI Hotels Limited (BSE: 543984, NSE: SAMHI), a prominent branded hotel ownership and asset management platform in India, today announced its unaudited Standalone and Consolidated results for the quarter and financial year ended 30th September 2026. Q2 FY27 — KEY HIGHLIGHTS o Strong same-store revenue growth of +12.6% YoY — ahead of our long-term guidance of 9 to 11% o Occupancy level at 78.6% (up from 75.0% Q2-FY26) o RevPAR growth of +14.3% YoV led by +9.2% ARR growth o Flow through of incremental EBITDA to incremental Revenue stood at ~57% o Domestic travellers constitute ~80% of total room nights we sold in the quarter. More resilient cohort given geo-political instability o Total Revenue growth of +15.6% YoY with Comparable EBITDA growth of +21.3% YoY excluding impact of GST regulation change (not in base period Q2FY26) e Consolidated EBITDA margin of 39.1% (ex GST impact); 300 bps dilution due to GST impact resulting in reported margins at 36.— s1co%pe for improvement in subsequent periods; growth in upscale inventory (not impacted by GST changes) to improve operating margins to ~40% e The on-going growth pipeline within our core portfolio and the progress in RARE India gives us a formidable path to growth o PBT (ex-exceptional items) a Rs. 534 Mn (+39.9% YoY Reported) o PAT (ex-exceptional items) at Rs. 372 Mn (+136.9% YoY Reported); Reported PAT includes exceptional gain of Rs. 39 Mn and Rs. 841 Mn in Q2FY27 and Q2FY26 respectively e Free Cash Flow at Rs. 827 Mn e Effective Interest Rate at 7.8% (~300 bps lower than IPO) e Net Debt-to-EBITDA at ~3.1x (~2.2x on Operating Assets) www.samhi.co.in SAMHI SMART HOTEL INVESTMENTS—— SAMHI Hotels Limited CONSOLIDATED FINANCIAL HIGHLIGHTS Q2FY27 Q2FY26 YoY % H1FY26 YoY % Total Income 3,427 2,963 +15.6% 6,510 5,8361 +11.5% 12,790 Consolidated EBITDA? 1,238 1,105 +12.0% 2,251 2,161 +4.2% 4,626 EBITDA Margin 36.1% 37.3% 34.6% 37.0% 36.2% et oral ) 534 382 +39.9% 862 641 +34.5% 1,650 Exceptional Items® 39 841 39 841 1,075 z;:::ét(i:fiest} g:::ations‘ - (26) - (55) (55) PBT 573 1,197 -52.1% 900 1,428 -37.0% 2,671 PAT 411 998 -58.8% 660 1,190 -44.6% 5,665 Attributable to SAMHI 335 924 518 1,097 5,030 ,fi:}:;i::able to Minority 75 71 142 93 636 T Includes the impact of ~ T91mn of one-time other income In HLFY26 on account of a subsidiary caital restructuring relattoe thde GIC transaction 2 Includes the impacotf: a) GST— input tax credit ITC) impact of “103mn and ~X194mn in G2FY27 and H1 FY27 respectiv b)~=21mn of one-time GIC transaction expenses in H1 FY25 3:Thisincludes 2) Gain on saofl Hoseur land-<39mn in Q2 FY2an7d H1 FY27 b) Reversal of impa(iNavri Mmumebain latnd) - 2696andm Ganin on sale of Caspia, Delhi- 145mn in Q2FY26 and H1 FY26 ) Impacoft r eversal of impairmoef nPPtE , ROU and Intangibles: +2966mn, impoaf cIabtor code: ~35mn and Gain on sale of Caspia Delhi- +<145mnin FY26 4 Profit/Loss from discontinued operations represents Caspia Delhi DEBT PROFILE In Rs. Mn Sep30,2026 Mar31,2026 Mar31,2025 Sep30,2023 Net Debt 14,579 14,507 19,669 17,974 TTM EBITDA' 4,777 4,7215 4,434 3,398 Net Debt: EBITDA 3.1x 3.1x 4.4x 5.3x Net Debt: EBITDA (Adjusted for Growth Capital) 22¢ 2.4x 2.4x Interest Rate 7.8% 7.9%: 9.2% 10.8% Net Annualised Interest Run Rate* 1,250 1,270 1,900 2,400 T Excluding ESOP & One-time Bxpenses 2 Capital allocated towards W (HITEC Hy.}, Westin Belr, HRP Apartments, SheRoromsa & tAparotmennts, HIEX (Wht. BEIr, Westin Navi Mumabnd aothier capital expenditure. 3: As on 30th September 2026. Plneote athats thee Int erest rate includes the upfront fee which is amortized over the estimated repayment period 4:Does not inclundoen- cash finaconstc teem s sucahs interone lesaste, EIR, etc. which are chargto ePdAL 5: Excludes Caspia Delhi EBITDA on TTM b 6. 5.0% net annualized interest rate factored in the estimate on account of recent policy rate increase by RBI www.samhi.co.in SAMHI SMART HOTEL INVESTMENTS—— SAMHI Hotels Limited MANAGEMENT COMMENTARY Commenting on the performance, Mr. Ashish Jakhanwala, MD & CEO, SAMHI Hotels Ltd., said: Strong Operating Environment We are pleased to report our performance for the quarter. Occupancy held close to 80% and RevPAR grew by about 14%, making this a reassuring period for the business. Revenue growth remained ahead of our long-term guidance. Domestic travellers accounted for about 80% of the room nights sold during the quarter. This cohort has proven more resilient amid ongoing geopolitical instability, reinforcing our confidence in the resilience of the Indian economy and the opportunity it represents. Building for the Future Against this strong backdrop, we have been steadily building for the future. For several quarters, our reported growth has been largely driven by same-store performance, as no new inventory came online. This is set to change. We look forward to opening the W Hotel in Hyderabad next fiscal year and have secured a pipeline of approximately 1,700 new rooms through FY2031. These initiatives put us on a path to strong growth, and our focus now is on delivering them on schedule. We are equally proud of having built this pipeline without compromising our discipline: we add assets only in core markets and at a discount to replacement cost. We are not buying growth through expensive acquisitions; instead, we are building it through the efforts that conversions and turnarounds demand, as demonstrated in Bangalore, and by securing long-term leases, as in Noida and Hyderabad. Our modest investment in RARE, together with ongoing discussions on a partnership with Marriott, will help RARE build a strong platform in experience-led leisure across the region, with limited capital exposure. Outlook We expect H2 FY27 to be operationally stronger. Going forward, incremental EBITDA is expected to translate into free cash flow, with interest outflows remaining stable. This should enable us to increasingly fund future growth investments through internal cash generation, supporting a disproportionate improvement in free cash flow generation. Our Focus on Doing What Is Right We released our first Sustainability Report for FY2025-26, covering 31 hotels and 4,899 rooms across 11 states. The report highlights improvements in energy efficiency, waste reduction and renewable energy usage. Building on our FY30 commitments, we will establish quantified targets across key sustainability parameters, with clear baselines to track and ben [Showing first 8,000 characters — download PDF for full document]