BSECompany Update6d ago · 13 Aug 2026, 09:27 pm

Statement of deviation & variation for the quarter ended 30th June 2026

LGT Global Hospitality Ltd · 544489

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LGT Global Hospitality Ltd has submitted a statement confirming that there is no deviation or variation in the use of proceeds raised through its initial public offering (IPO) for the quarter ended June 30, 2026. The company has utilized the funds for the intended purposes, with no changes to the original allocation.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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LGT Global Hospitality Ltd - 544489 - Statement Of Deviation & Variation

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Date: 13-08-2026 BSE Limited Phiroze Jejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544489 Dear Sir/Madam, Subject: Statement of deviation or variation in the use of proceeds raised through Public Issue Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds raised through Initial Public Offering (IPO) from the objects stated in the offer document for Public Issue. A statement confirming that there is no deviation or variation in the utilisation of these proceeds for the quarter ended 30th June 2026, is enclosed herewith as “Annexure A”. This is for your information and records. Thanking You, Yours Faithfully, For LGT Global Hospitality Limited (Formerly known as LGT Business Connextions Limited) Ankita Jain Company Secretary and Compliance Officer LGT GLOBAL HOSPITALITY LIMITED (formerly known as LGT Business Connextions Limited) Reg & Corp Off: No.18/1 & 18/2 (18) | First Cross St., | Brindavan Street Extn.| West Mambalam | Chennai - 600033 | India. |044 4958 5855 | www.lgtholidays.com | GST No.: 33AADCL1457C1Z0 | PAN: AADCL1457C | CIN: L74999TN2016PLC112289 | E-mail: info@lgtholidays.com Global Accommodations | International Holidays Annexure A Statement of Deviation / Variation in utilisation of funds raised: Name of listed entity LGT Global Hospitality Limited Mode of Fund Raising IPO – Public Issue Date of Raising Funds August 22, 2025 Amount Raised Rs. 21.92 Crores (Net of issue expenses) Report filed for Quarter Half year ended 30th June 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Infomerics Ratings Limited Is there a Deviation / Variation in use of No funds raised If yes, whether the same is pursuant to Not Applicable change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Not Applicable Variation Comments of the Audit Committee after No Comments review Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Revised Modifi ed Funds Amount of Remarks if Object, if Allocation Allocation allocati on, Utilised Deviation any /Variation for any if any the quarter according to applicable object Capital Expenditure Not Rs. 10.44 Not Not Applic Rs. 2.66 Not No Deviation (Corporate Offices, Applicable crores Applicable able crores Applicable Cloud ERP and Customer Care Centre) LGT GLOBAL HOSPITALITY LIMITED (formerly known as LGT Business Connextions Limited) Reg & Corp Off: No.18/1 & 18/2 (18) | First Cross St., | Brindavan Street Extn.| West Mambalam | Chennai - 600033 | India. |044 4958 5855 | www.lgtholidays.com | GST No.: 33AADCL1457C1Z0 | PAN: AADCL1457C | CIN: L74999TN2016PLC112289 | E-mail: info@lgtholidays.com Global Accommodations | International Holidays Working Capital Not Rs. 7.70 Not Not Rs. 7.69 Not No Deviation Requirement Applicable crores Applicable Applicable crores Applicable General corporate Not Rs. 3.78 Not Not Rs. 3.78 Not No Deviation purpose Applicable crores Applicable Applicable crores Applicable Note: We would like to inform that the board has reviewed and approved the utilization of proceeds raised through IPO that the proceeds will be utilized within 12 months from the date of receipt of funds and the same will be placed before the shareholders for their approval at Annual General Meeting. For LGT Global Hospitality Limited (Formerly known as LGT Business Connextions Limited) Ankita Jain Company Secretary and Compliance Officer LGT GLOBAL HOSPITALITY LIMITED (formerly known as LGT Business Connextions Limited) Reg & Corp Off: No.18/1 & 18/2 (18) | First Cross St., | Brindavan Street Extn.| West Mambalam | Chennai - 600033 | India. |044 4958 5855 | www.lgtholidays.com | GST No.: 33AADCL1457C1Z0 | PAN: AADCL1457C | CIN: L74999TN2016PLC112289 | E-mail: info@lgtholidays.com Global Accommodations | International Holidays