Transcript of the Earnings Call held on August 05, 2026.

August 12, 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 August 05, 2026. Pursuant to Regulation 3‐0 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 on Wednesday, August 05, 2026 at 4:00 p.m. in respect of the unaudited financial results (standalone and consolidated) for the quarter ended June 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 Ventive Hospitality Limited Q1 FY27 Earnings Conference Call August 05, 2026 MANAGEMENT: MR. RANJIT BATRA –CHIEF EXECUTIVE OFFICER MR. PARESH BAFNA – CHIEF FINANCIAL OFFICER MS. AISHWARYA V R – INVESTOR RELATIONS MR. SHOAIB SHARIFF – INVESTOR RELATIONS Page 1 of 14 August 05, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Conference Call hosted by Ventive Hospitality. As a reminder, all participant lines will be in 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 and zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Aishwarya V R, Investor Relations Department at Ventive Hospitality. Thank you, and over to you, Ms. Aishwarya. Aishwarya: Thank you. Good evening, everyone, and thank you for joining the earnings conference call for quarter ended June 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 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 proforma information that we share on this call are management estimates based on certain assumptions and have not been subjected to audit, review, or examination procedures. 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 Q&A. Over to you, Ranjit. Ranjit Batra: Good evening, and thank you all for making time to join us today. Let me begin with the external backdrop which shaped this quarter. The West Asia conflict was the single most important external variable for our Maldives portfolio, shipping disruptions through the Straits of Hormuz and pushing crude, jet fuel, and diesel prices sharply upwards for us. April, we saw the first disruption in Maldives inbound tourism and then recovered strongly through May and June, ensuring our Maldives revenue still grew by 5% year-on-year in the quarter. The more material effect was our cost base through a sharp rise in Maldives fuel cost, which I'll address shortly. Coming to India hospitality, in India, business delivered strong quarter yet again. Revenue grew 13% to INR203 crores supported by resilient corporate demand, strong MICE activity, and premium leisure. This led our Pune, Bengaluru, and Goa assets to perform considerably well. India EBITDA grew 16% to INR74 crores. And most importantly, our India margin expanded 36% from 35% even after absorbing higher power and wage costs during this quarter. Page 2 of 14 August 05, 2026 This reflects our operating leverage inherent in the portfolio. Pune in particular continues to validate our long-standing thesis. It's now India's fastest growing GCC hub and very little new or limited supply in hotels, which leaves our top-tier assets structurally well-placed on both rate and occupancy. I would also like to highlight the structural progress we're making on energy costs in India. Around 70% of electricity used by our Pune hotels portfolio already comes from green sources, which insulates us from tariff increase. We have now invested around INR60 crores in captive solar plant with battery storage for our Pune hotels targeting commissioning in Q4 FY27, which will raise our green energy contribution to around 85%. We expect this to reduce our Pune energy bill by close to 45%, a positive impact of 5% to 6% on India EBITDA with a payback of roughly 3 years. I'm proud of the team that structured this, and it has given me confidence and continued improvement of our India hospitality margins. In Maldives, revenue grew 5%, INR218 crores, a resilient outcome given the war-related cancellations early in the quarter and the sharp recovery that followed. The pressure this quarter was on costs, not on demand. EBITDA was INR32 crores, down 32%, almost entirely due to fuel. Diesel prices reached roughly 2.1x pre-war levels, driving a fuel and ancillary costs increase of around INR19 crores. At Raaya, we are increasing solar capacity, taking the resort to about 80% solar with battery backup by April 2027, with further capacity being added at Conrad and Anantara. Together, we expect this to save us around $1.5 million a year, roughly 2.5 percentage of Maldives EBITDA and to protect the portfolio against exactly this kind of diesel shocks in the future. Raaya will be able to generate and operate around 17 hours of solar capacity and will be the first resort in Maldives to do so. Our annuity business remains steadily high margin backbone of the group. Revenue grew 3% to INR128 crores, with EBITDA broadly flat at INR111 crores at 87% margin and committed occupancy holding at 98%. This dependable cash flow is what allows us to keep investing through the cycles, and we recently added Narmada Estates in Pune, which will extend the base further. On growth, the markee addition this quarter, Sahyadri Hills, Wellness Estate, a Ritz-Carlton Reserve, the 10th in the world, set out at around 425 acres, roughly 2 to 3 hours from Mumbai and Pune and around 45 minutes from Alibaug. It's an 80-key wellness resort with 33 branded residences alongside, and it takes Ventive firmly into luxury wellness and branded residences, one of the fastest growing segments in global travel. We have acquired it 100% at an equity consideration of around INR281 crores and enterprise value of around INR466 crores, targeting a yield-on-cost above 12%. The acquisition completed in July with occupancy certificate already received. The branded residence sales are designed to release capital early and help us fund the build. And there's an embedded upside in the land bank with unused FSI. Page 3 of 14 August 05, 2026 Our wider pipeline of over 1,700 keys across 8 upcoming hotels remains on track. Our owned and developed projects, the AC by Marriott in Whitefield, Bengaluru, the Varanasi Marriott, the Ritz-Carlton Reserve in Pottuvil in Sri Lan [Showing first 8,000 characters — download PDF for full document]