Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Transcript of Earnings Conference Call held on Wednesday, November 04, 2026.

November 06, 2026 BSE Limited 25th Floor, P J Towers, Dalal Street, Fort, Mumbai‐ 400 001 Scrip Code: 531637 Dear Sirs, Sub. : Transcript of Earnings Conference Call – H1FY27 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Transcript of Earnings Conference Call held on Wednesday, November 04, 2026. This is for your information and dissemination on your website. Thanking You, Yours Faithfully, For Praveg Limited Himalay Dudharejiya Company Secretary & Compliance Officer Encl. : As Above “Praveg Limited Q2 & H1 FY27 Conference Call” November 04, 2026 MANAGEMENT: DR. CA VISHNUKUMAR PATEL – CHAIRMAN AND MANAGING DIRECTOR MRS. BIJAL PARIKH – NON-EXECUTIVE DIRECTOR MR. HIMALAY DUDHAREJIYA – COMPANY SECRETARY MODERATOR: MR. JOEL JAMES – ADFACTORS PR Page 1 of 11 Praveg Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 & H1 FY27 Conference Call of Praveg Limited hosted by Adfactors PR. 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 this conference call, please signal an operator by pressing star then zero on your telephone. Please note that this conference is being recorded. I now hand the conference over to Mr. Joel James from Adfactors PR. Thank you, and over to you. Joel James: A very good afternoon to everyone, and welcome to the Q2 & H1 FY27 Earnings Call of Praveg Limited. From the senior management, we have with us Dr. CA Vishnukumar Patel, Chairman and Managing Director; Mrs. Bijal Parikh, Non-Executive Director; and Mr. Himalay Dudharejiya, Company Secretary. Before we begin the call, I would like to mention that some of the statements made during today's call may be forward-looking in nature, and hence, it may involve risks and uncertainties, including those related to future financial and operating performance of the company. Please bear with us if there is a call drop during the course of the conference call. We would ensure that the call is reconnected at the earliest. I would like to hand over the call to Mr. Vishnukumar Patel, Chairman and Managing Director, for his opening remarks. Thank you, and over to you, sir. Vishnukumar Patel: Thank you, Joel. Welcome to the con call of Praveg all my fellow investor analyst. Thank you for this session. Now I hand over the call to Bijal for opening remarks and further detailing of the Q2 & H1 FY27. Thank you. Bijal Parikh: Good afternoon, everyone, and thank you for joining us today. A warm welcome to all our analysts, investors and stakeholders on the call. Before I take you through the company's performance, let me briefly set the context of the environment we are operating in. India continues to be among the fastest growing major economies in the world. Tourism is one of the beneficiaries of this growth. As income rises, Indians are spending more on travel and experiences. According to the World Travel and Tourism Council, India's travel and tourism sector contributed about USD263.6 billion or 6.7% of GDP in 2026 and supported 84.6 million jobs. What is more relevant for Praveg is how tourism is changing for the Indian travellers. Travellers today are increasingly choosing destination-led and experience-based holidays. That is exactly the space Praveg has been building in. For those who are joining us for the first time, let me give a brief background. Praveg is an experiential eco-responsible luxury hospitality company. As of today, we operate about 927-plus rooms inventory across 17 resorts and one 5- star hotel spread across Gujarat, Rajasthan, Uttar Pradesh, Daman and Diu, Dadra & Nagar Haveli and Lakshadweep. In FY 26, we crossed 1 lakh room nights sold in a single year from the first time selling about 1.2 lakh room nights until H1 FY27, we have sold 55,925 room nights Page 2 of 11 Praveg Limited November 04, 2026 and are in line to exceed our H1 FY26 number that is 44,959. Our key differentiator is our asset- light business model. We build high-quality semi-permanent eco-friendly structure like luxury stays, cottages and villas. We can take a resort from award to opening in a matter of months rather than years. This gives us access to some of the most beautiful and protected locations in the country. Behind these properties is a strong team. Praveg today employs over 937-plus people on its own payroll. We have deliberately built in in-house teams because consistency of experience and service across remote and diverse location is what builds our brand. I'm delighted to share that on October 21, 2026, we commenced operations at Praveg Atoll's on Thinnakara Island in Lakshadweep. The resort has 100 unique accommodations, that is 85 cocoon-shaped rooms and 15 shell-shaped rooms, along with the restaurant and bar, spa and yoga, scuba diving, other water sports activities, beachside pickleball and outdoor MICE events and conference hall that can host up to 400 guests. This is our second island property in Lakshadweep after Praveg Atoll's at Bangaram, which is managed by IHCL under its selection brand. We believe Lakshadweep has the potential to become one of the India's most sought-after island destination and Praveg is well placed to benefit from this. Let me now talk about our second segment that is advertising, which we operate through our subsidiaries, Abhik Advertising and Bidhan Advertising and Marketing in which we acquired a 51% stake. This business covers outdoor holdings, government advertising, and importantly, smart public convenience advertising toilets. In H1 FY27, the advertisement segment contributed about INR32.22 crores of our total revenue. Let me briefly cover the other key developments since the start of this financial year. In September '26, we received a letter of acceptance from the Tourism Corporation of Gujarat for a contract worth about INR11.16 crores plus GST to set up, furnish and operate the facilities for the Praveg contingent in the Statue of Unity area from October 20 to November 1, 2026. This reaffirms our strength in executing large time bound event projects. A large part of our portfolio has been launched over the past 2 to 3 years and is still on the ramp-up path. As these properties mature, we expect a meaningful improvement in occupancy, room rates and profitability from the same asset base. Moving to the financials, on a consolidated basis, revenue from operation for Q2 FY27 stood at INR43.75 crores compare to INR37.60 crores in Q2 FY26, a growth of 16.70%. Hospitality and events contributed INR27.73 crores and advertising contributed INR16.02 crores during the quarter. In H1 FY27 revenue from operation stood at INR90.46 crores, a growth of INR16.17 crores over H1 FY26. Hospitality and events contributed INR57.53 crores and advertising contributed INR32.22 crores. EBITDA for the quarter stood at negative INR2.94 crores difference EBITDA Page 3 of 11 Praveg Limited November 04, 2026 margin of negative 6.64%. For H1 FY27, EBITDA stood at INR0.97 crores with a margin of 1.06%. Net loss stood at INR20.13 crores for the quarter and INR33.37 crores for the half year. We must keep in mind that Q2 is seasonally the softest quarter for our hospitality business due to monsoon, while the second half of the year with the festival season, winter holidays, runoff of destination weddings and various corporate events is our strongest period. Our priorities are clear: ramp up occupancy at our newer properties, grow the advertising business as a steady and high-margin second engine and expand into high potential destination through our asset-light model. We believe India's tourism story is only just beginning. Praveg is well positioned to be a meaningful part of it. Before I close, I would like to once again thank our guests, employees, government partners, and all other sta [Showing first 8,000 characters — download PDF for full document]