BSECompany Update6d ago · 13 Aug 2026, 09:17 pm

Monitoring agency report for the Quarter ended 30th June 2026

LGT Global Hospitality Ltd · 544489

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LGT Global Hospitality Ltd has submitted a monitoring agency report for the quarter ended June 30, 2026, stating that the company will utilize the IPO proceeds within 12 months from the date of receipt of funds and will place the same before the shareholders for approval at the Annual General Meeting.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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LGT Global Hospitality Ltd - 544489 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

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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: Monitoring Agency Report for the quarter ended 30th June 2026 - in relation to the public issue of LGT Global Hospitality Limited Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report for the quarter ended 30th June 2026 issued by Infomerics Ratings Limited, Monitoring Agency appointed by the Company for monitoring utilization of proceeds raised through public issue of equity shares. This is to inform that the board has reviewed the utilization of proceeds raised through IPO and 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. 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 & Compliance Officer Enclosure: Monitoring Agency Report for the quarter ended 30th June 2026. 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 Monitoring Agency Report for LGT Global Hospitality Limited (erstwhile LGT Business Connextions Limited) for the quarter ended June 30, 2026 Monitoring Agency Report August 13, 2026 LGT Global Hospitality Limited (erstwhile LGT Business Connextions Limited) No. 18/1 & 18/2 (18), First Cross Street, Brindavan Street Extension, West Mambalam, Chennai – 600033 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh issue of LGT Global Hospitality Limited (erstwhile LGT Business Connextions Limited). We write in our capacity of Monitoring Agency for the Fresh issue of equity shares for the amount aggregating to Rs. 21.92 crore of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 28th July 2025. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Rekha Chokkalingam (Associate Director - Ratings) rekha.chokkalingam@infomerics.com Report of the Monitoring Agency Name of the Issuer: LGT Global Hospitality Limited (erstwhile LGT Business Connextions Limited) For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: Nil^ (b) Range of Deviation: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. ^ As per Letter of Offer, utilisation of fund was expected to be completed by FY2026. However, in Capex section it’s mentioned that the capex related projects will be completed in approximately 12 months from the date of placement of order leading to ambiguity in completion timeline. Company will utilise the fund within 12 months of receipts of fund as per the Board Resolution dated 29th May 2026, however the shareholders’ approval is not in place yet. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Rekha Chokkalingam Designation of Authorized person/Signing Authority: Associate Director - Ratings Seal of the Monitoring Agency: Date: August 13, 2026 1) Issuer Details: Name of the issuer: LGT Global Hospitality Limited (erstwhile LGT Business Connextions Limited) Names of the promoters of the issuer: Wilfred Selvaraj and Padma Wilfred Industry/sector to which it belongs: Engaged in the travel and tourism service aggregator offering customized travel solutions. 2) Issue Details: Issue Period: August 19th to August 21st, 2025 Type of issue (public/rights): Public issue Type of specified securities: Equity shares Grading: Not Applicable Issue size (Rs in Crores): Rs. 28.09 crores (Note No. 1) Note 1 The offer comprises up to 26,25,600 equity shares of Rs. 10 each at an offer price of Rs. 107 per share, aggregating to Rs. 28.09 crore, including a fresh issue of up to 23,62,800 equity shares aggregating to Rs. 25.28 crore and an offer for sale of up to 2,62,800 equity shares aggregating to Rs. 2.81 crore. Particulars Remarks Amount (in Rs. crore) Approved by Board Total shares to be issued 26,25,600 28.09 Issue related expenses to be incurred - 3.36 Offer for Sale 2,62,800 2.81 Net Proceeds to be received 21.92 Current Status Total shares issued 26,25,600 28.09 Issue related expenses incurred - 3.36 Offer for Sale 2,62,800 2.81 Net Issue proceeds 21.92 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / Comments of Monitoring Comments of certifications considered by Agency Board of Monitoring Agency for Directors preparation of report Whether all the utilization is as per disclosure in Yes, the utilization Bank Statements, CA Refer Note 1# - Offer has been made as Certificate**, Invoices, Document? per Offer Prospectus*, Management Document. declaration Whether Shareholder approval is obtained in case There are no Not applicable - of material deviations from expenditures deviations from the disclosed in Offer expenditures Document? disclosed in the Offer Document. Hence no approval is required Whether means of finance for disclosed objects of There is no change Not applica [Showing first 8,000 characters — download PDF for full document]