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.
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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