Analysts/Institutional Investor Meet/Con. Call Updates

November 06, 2026 To, To, BSE Limited National Stock Exchange of India Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai -400051 Scrip Code: 544321 NSE Symbol: VENTIVE Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”) Transcript of the Earnings Call held on November 03, 2026. Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, please find enclosed herewith the transcript of the Earnings Call held by the Company Tuesday, November 03, 2026, at 3:30 P.M. (IST) in respect of the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026. Further, pursuant to the provisions of Regulation 46 of the Listing Regulations, the aforesaid transcript will also be disclosed on the website of the Company i.e. https://www.ventivehospitality.com/transcript-audio- recordings-of-earnings-conference-call/ Request you to take same on record. Thanking You, For Ventive Hospitality Limited Pradip Bhatambrekar Company Secretary and Compliance Officer Membership No: F14201 Promoted by Ventive Hospitality Limited Q2 FY27 Earnings Conference Call November 03, 2026 MANAGEMENT: MR. RANJIT BATRA –CHIEF EXECUTIVE OFFICER MR. PARESH BAFNA – CHIEF FINANCIAL OFFICER MR. SHOAIB SHARIFF – INVESTOR RELATIONS MS. AISHWARYA VR – INVESTOR RELATIONS Page 1 of 9 November 03, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 FY 2027 Conference Call hosted by Ventive Hospitality. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star and then zero on your touchtone phone. I now hand the conference over to Ms. Aishwarya VR from Investor Relations Department at Ventive Hospitality. Thank you, and over to you, Ms. Aishwarya. Aishwarya VR: Thank you, Myron. Good evening, everyone, and thank you for joining the Earnings Conference Call for the Quarter and Half Year Ended September 30th, 2026. Our financial results and investor presentation have been published on the exchanges, and the information pack has been placed in the Investor Relations section of our website www.ventivehospitality.com. Before we proceed, I'd like to highlight that the management may make certain statements that may constitute forward-looking statements. Please be advised that our actual results may differ materially from these statements. Ventive Hospitality does not guarantee these statements or results and is not obligated to update them at any point of time. Specifically, any financial guidance and pro forma information that we share on this call are management estimates based on certain assumptions and have not been subjected to audit review examination procedures. Ventive does not guarantee these statements and is not obliged to update them at any time. Joining me today on the call are Ranjit Batra, Chief Executive Officer, Paresh Bafna, Chief Financial Officer, and Shoaib Shariff from the Investor Relations team. We will start off with brief remarks on our business and financial performance and then open the floor for questions. Over to you, Ranjit. Ranjit Batra: Good afternoon, everyone, and thank you for joining us. Last quarter, I spent a good part of my opening remarks on diesel and the West Asia conflict. This quarter, I'm happy to say the story is quite different. In what is seasonally our softest quarter, operating revenue grew 13% and operating EBITDA grew 11%. Double-digit growth in the monsoon quarter in TRevPAR and RevPAR of both 18% each is something I'm really proud of. Let me start with India. Once again, we grew both on rate and occupancy. ADR grew 11% to 12,629, and occupancy went up 2 points to 68%, taking RevPAR up 15% to 8,606, and TRevPAR grew 14%. India operating revenue grew 11% to INR207 crores, and operating EBITDA grew 8% to INR80 crores at a 39% margin. I'll be upfront, EBITDA could have grown faster. This quarter was for investing in our product. Aloft Whitefield is shut for its conversion to AC by Marriott. A few wings at the Hilton Goa were also closed for refurb, and some of the F&B outlets were being renovated. Additionally, this quarter also absorbed the impact of the new wage code. Page 2 of 9 November 03, 2026 And last year we enjoyed some one-off benefits such as the export incentive at the Ritz-Carlton and the electricity surcharge waiver on our Aloft ORR Bangalore. Adjusting for these factors, our India EBITDA would have grown 11% year-on-year as opposed to 5%. MICE remained a big driver in Pune, contributing 7% of revenue at our flagship hotel JW Marriott and the Ritz-Carlton. JW Marriott Pune hosted 12th BRICS Communications Ministers Meeting, around 5,000 delegates over 11 days. We also launched YA:LA, a new Mediterranean restaurant at the Ritz-Carlton Pune, which we expect to do around INR1.5 crores to INR2 crores a month, adding to award-winning F&B portfolio at the Ritz. On recognitions, the Ritz-Carlton Pune received its first MICHELIN Key this year. Only 3 Marriott hotels in India that have a Michelin key. And Soho House Mumbai retained its key for the second year. Only a handful of hotels in India which are not pure-play leisure hold a MICHELIN Key, and 2 of them are ours. At Ventive, we are obsessed with our product and service. So this recognition means a lot. Coming to Maldives, which is for me the highlight of this quarter. After a fuel hit Q1 where our EBITDA declined 32%, we are firmly back to growth in just one quarter. Revenue grew 20% to INR213 crores and operating EBITDA grew 25% to INR30 crores. TRevPAR grew 20% to INR45,000 and occupancy went up 3 points to 57%. We grew occupancy in an off-season affected by elevated airfares and lower tourist arrivals year- to-date, which shows how we gained market share while still growing TRevPAR by 20%. We've always been saying that luxury demand, and Maldives as a market is very resilient and even more so in uncertain times. And you'll see that we will continue to do well. We have 3 resorts in 3 different price points in Maldives, all of them recently upgraded. That gives our commercial teams a lot of flexibility to go after high-paying guests from the right global markets. Diesel prices have come down by about 31% from the April-May peak, but they're still 1.5x of last year's levels. So this quarter was not a quarter where the market did the work for us. Our teams did. Our solar program across Raaya, Conrad, and Anantara is progressing as planned. Raaya will be able to run generator-free for around 17 hours a day, the first resort in Maldives to do so. The aim is simple, a diesel shock like Q1 should not hurt us the same way again. Our annuity business did what it always does. Revenue grew 5% to INR131 crores and EBITDA was INR117 crores at 90% margin, with committed occupancy of 98% across 3.4 million square feet. Steady and predictable. On growth, we have over 1,500 keys under development. AC by Marriott Whitefield and Varanasi Marriott are progressing towards Q1 FY28 and Q3 FY28 opening. At Sahyadri Hills, India's first Ritz-Carlton Reserve, we are finalizing the master plan with the vision of making India's best leisure and wellness resort along with branded residence. As you know, this will be the only 10th Ritz-Carlton Reserve in the world, so this is something really special. The FY29 launch timeline remains firmly in place. Page 3 of 9 November 03, 2026 Looking ahead, we are entering our strongest half of the year in both markets. In India, we have the wedding season and strong MICE calendar. In the Ma [Showing first 8,000 characters — download PDF for full document]