Notice is hereby given that the 45th Annual General Meeting of the Company will be held on Thursday, August 27, 2026 at 11.30 a.m. through VC/ OAVM

HLV LIMITED August 04, 2026 The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange-Plaza, Dalal Street, Bandra Kurla Complex Mumbai – 400 001 Bandra (E) Mumbai – 400 051 Scrip Code: 500193 Scrip Code: HLVLTD Dear Sir / Madam Sub: Intimation of Annual General Meeting and E-Voting Notice is hereby given that the 45th Annual General Meeting (‘AGM’) of the Company will be held on Thursday, August 27, 2026 at 11.30 a.m. through Video Conferencing / Other Audio Visual Means (VC / OAVM). The Ministry of Corporate Affairs (“MCA”) permitted holding of the AGM through VC/OAVM, without physical presence of the Members at a common venue. Accordingly, in compliance with the MCA Circulars, AGM of the Company is being held through VC/OAVM. The Registered Office of the Company shall be deemed to be the venue for the AGM. General Circular Nos. 14/2020 dated April 8, 2020 and 17/2020 dated April 13, 2020, in relation to “Clarification on passing of ordinary and special resolutions by companies under the Companies Act, 2013”, General Circular Nos. 20/2020 dated May 5, 2020 and subsequent circulars issued in this regard, the latest being 03/2025 dated September 22,2025, collectively referred to as “MCA Circulars”, the 45th AGM of the Company is being conducted through VC/OAVM facility, without physical presence of members at a common venue. The deemed venue for the 45th AGM shall be the Registered Office of the Company. Further, in accordance with the aforesaid MCA Circulars and SEBI Circulars, the Annual Report along with the Notice of the AGM is being sent only by electronic mode to those Shareholders whose email addresses are registered with the Company’s RTA/Depositories/Depository Participants. The Annual Report including the Notice of the AGM will be sent through email to the members on or before August 04, 2026. In compliance with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended and the provisions of Regulation 44 of the SEBI Listing Regulations, the Members are provided with the facility of remote e-voting to cast their vote electronically on all resolutions proposed in the Notice convening the 45th AGM for which the Company has engaged the services of National Securities Depository Limited (NSDL) as e-voting agency. Regd. Office: The Leela Mumbai, Sahar, Mumbai 400 059 India. Phone: (91-22) 6691 1234; Fax: (91-22) 6691 1212 Website: www.hlvltd.com; Email: info@hlvltd.com Corporate Identity Number (CIN) L55101MH1981PLC024097 HLV LIMITED The remote e-voting period commences on Monday, August 24, 2026 at 9.00 a.m. (IST) and ends on Wednesday, August 26, 2026 at 5.00 p.m. (IST). The cut-off date for determining the eligibility for remote e-voting shall be Thursday, August 20, 2026. Pursuant to Regulation 34 (1) of SEBI Listing Regulations, the Annual Report of the Company for the Financial Year 2025-26 including the Notice of AGM is enclosed herewith which is also available on the Company’s website viz. www.hlvltd.com. Please take the above information on record. Thanking you, Yours faithfully, For HLV Limited Sucheta Chaturvedi Company Secretary Encl: as above Regd. Office: The Leela Mumbai, Sahar, Mumbai 400 059 India. Phone: (91-22) 6691 1234; Fax: (91-22) 6691 1212 Website: www.hlvltd.com; Email: info@hlvltd.com Corporate Identity Number (CIN) L55101MH1981PLC024097 CORPORATE INFORMATION KEY MANAGERIAL PERSONNEL INTERNAL AUDITORS M/s. Murali & Venkat Mr. Vivek Nair Chairman & Managing Director Chartered Accountants Mr. Dinesh Nair Co-Chairman & Managing Director Mr. Umesh Dombe Chief Financial Officer SOLICITORS & ADVOCATES Ms. Sucheta Chaturvedi Company Secretary Cyril Amarchand Mangaldas (* With Effect from December 01, 2025) Ms. Savitri Yadav REGISTRAR & TRANSFER AGENTS MCS Share Transfer Agent Limited (* Upto November 30, 2025) Unit: HLV Limited REGISTERED & CORPORATE OFFICE The Leela, CONTENTS Sahar, Directors’ Report 01 Mumbai - 400 059. Management Discussion and Analysis 15 E-mail: investor.service@hlvltd.com Report on Corporate Governance 20 Website: www. hlvltd.com Financial Statements STATUTORY AUDITORS Independent Auditors’ Report 42 N. S. Shetty & Co., Balance Sheet 52 Chartered Accountants Statement of Profit and Loss 53 Cash Flow Statement 54 SECRETARIAL AUDITORS Notes to Financial Statements 57 M/S RAAM & Associates LLP, Companies Secretaries Notice 92 Corporate Identity Number (CIN): L55101MH1981PLC024097 45th Annual General Meeting Date | Thursday, August 27, 2026 Time | 11.30 A.M. For any assistance pertaining to • Room Reservations • Conferences • Weddings • Holiday Packages and Weekend Offers at The Leela Mumbai, please feel free to contact : T. +91 (22) 6691 1234 ; F. +91 (22) 6691 1212, Toll Free No. 1800 1031 444 Mail us at: reservations@theleela.com ; Website: www.hlvltd.com DIRECTORS’ REPORT Dear Members, hundred thirty one crores eighty five lakhs nineteen thousand seven hundred ninety eight only) divided into 65,92,59,899 (sixty Your Directors’ take pleasure in presenting the 45th Annual Report on five crores ninety two lakhs fifty nine thousand eight hundred the business and operations of your Company, together with the audited ninety nine) Equity Shares of face value of Rs. 2/- (Rupees two financial statements for the financial year (“FY”) ended March 31, 2026. only) each. 1. Financial Results 4. Dividend The Financial Results of the Company during the year under review is summarized below: Your directors do not recommend any dividend for the year ended March 31, 2026. ` Lakhs 5. Transfer to reserves Particulars Financial year Financial year 2025-26 2024-25 The Board of Directors have decided to retain the entire amount Revenue from 20,091.50 20,331.09 of profit for FY 2025-26 appearing in the Statement of Profit and Operations Loss. Other Income 1,334.82 1,509.19 6. Material Changes and Commitments affecting Financial Total income 21,426.32 21,840.28 Position of the Company having occurred since the end of Less: Expenses other 18,662.25 17,522.33 the year and till the date of this report than finance costs No material changes and commitments affecting the financial and depreciation / position of the Company have occurred between the end of the amortization year i.e. March 31, 2026 and date of this Directors’ Report. Less: Finance costs 312.60 222.62 Less: Depreciation and 1,940.06 1,564.42 7. Management Discussion and Analysis amortization expenses A detailed review of the operations, performance and future Profit before 511.41 2,530.91 outlook of the Company and its businesses is given in the exceptional items and Management Discussion and Analysis, which forms part of this Annual Report. Exceptional items - Profit/ (303.42) 81.56 (loss) (net) 8. Litigations against the Company Profit before Tax 207.99 2,612.47 Litigation with ITC Ltd. on transaction with Brookfield for sale Tax expense - - of Undertakings Profit after Tax 207.99 2,612.47 ITC Limited and its subsidiary, Russell Credit Limited, members Other comprehensive 108.88 (168.94) of the Company holding then 8.72% (at present 8.10%) of the income / (loss), net of tax Company’s equity share capital, had filed a petition under Total comprehensive 316.87 2,443.53 Section 241, 242, 244 of the Companies Act, 2013 on April income for the year 22, 2019 against the Company before the NCLT in April, 2019, Earnings Per Share 0.03 0.40 alleging oppression and mismanagement, along with two (Basic and Diluted) applications: one for urgent hearing and the other for waiver of the requirement of minimum threshold of 10% shareholding in 2. Company’s Performance and the state of the Company’s relation to the Company’s transaction with BSREP III India Ballet affairs Pte. Ltd. and its affiliates (“Brookfield”) towards the sale of the Company’s hotel undertakings. After hearing both the parties, the Duri [Showing first 8,000 characters — download PDF for full document]