outcome of board meeting held on 14 august 2026

ttBCi ttOTELS LIMITED (Formally known as Phoenix Township Limited) CIN : L67190GA1993PLC001327 Date: August 14, 2026. BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai-400 001 Dear Sir, Company Scrip ID I Code; HBGHOTELS /537839 Re: Outcome of the Board Meeting held today on Friday. August 14. 2026. pursuant to Re~lation 30 of SEBI (Listing Obligations and Disclosure Regujrements) Reiwlations. 2015 Pursuant to Regulation 30 and Regulation 33 of SEBI (LODR) Regulations, 2015 we wish to inform you that the Board of Directors at its meeting held today i.e. 14th August, 2026 have inter-alia considered and approved the following matters. 1. Pursuant to Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation 2015, approved the Un-Audited Standalone and Consolidated Financial results of the Company for the Quarter ended 30th June 2026 (Copy of the Financial Result along with limited review report is enclosed herewith). 2. The 33rd Annual General Meeting of the Members of the Company to be held on Tuesday, 29th September, 2026 through Video conferencing ("VC")/Other Audio Visual Means ('VC/OAVM') facility in accordance with the relevant circulars issued by the Ministry of Corporate Affairs ("MCA") to transact the businesses as contained in the notice convening the AGM. 3. Pursuant to Section 91 & other applicable provisions of the Companies Act, 2013 and in accordance with the Regulation 42 of the SEBI (Listing Corp. Olllce : Hede House, Obligations and Disclosure Requirements) Regulations, 2015, the Register of 14, BEST Marg, Colaba, Members and Share Transfer Book of the Company shall remain closed from Mumbai - 400 001. Tel.: (91-22)-6159 0900 23rd September, 2026 to 29th September, 2~26 (both days inclusive) for E-mail: admin@hbgindia.com taking record of the Members of the Company for the.purpose of ensuing 33rct Website: www.hbglndla.com Annual General Meeting. • 4. Recommendation for Appointment of Dr. Prafulla Rajaram Hede (DIN: Park Inn by Radisson Sequeira Vada, Candolim, 00651441) as Non-Executive Chairman and Director Goa 403515 The Board of Directors, based on the recommendation of the Nomination and Tel.: (91-832) 6833 333/103 E-mail: info@pirgoa.com Remuneration Committee, has recommended the appointment of Dr. Prafulla Rajaram Hede, aged 88 years, as an Director of the Company, to be Phoenix l1l1nd R11ort designated as Non-Executive Director and Chairman, subject to the prior Pozhiyoor PO, Poovar, approval of the members of the Company by way of Special Resolution Thiruvanathapuram, Poovar, pursuant to Regulation 17(1A) of the SEBI (Listing Obligations and Kerala • 695 513. Tel.: +91 97471 29948 Disclosure Requirements) Regulations, 2015 and other applicable provisions bookilgs.poovar@phoenixresorts.in of the Companies Act, 2013. The Board noted that Dr. Prafulla Rajaram Hede has attained the age of REGO. OFF. : Durga Bhavan, 75 years and is presently 88 years of age. Accordingly, the Board, based on Hade Centre, Tonca, Panajl, Goa - 403 001 the recommendation of the Nomination and Remuneration Committee, has Tel.:(91-832)-M42724/6453285 E-mail : hbggoa@yahoo.co.in t1EHBER HEDE BCJSHtESS <iROCIP recommended his appointment as a Non-Executive Director and Chairman, subject to prior approval of the members by way of Special Resolution in accordance with Regulation 17(1A) of the SEBI LODR Regulations. The proposed appointment of Dr. Prafulla Rajaram Hede shall be placed before the members of the Company for their prior approval by way of Special Resolution. The appointment of Dr. Prafulla Rajaram Hede as Non-Executive Director and Chairman shall be made and shall take effect only upon receipt of the requisite approval of the members by way of Special Resolution. The explanatory statement annexed to the notice of the General Meeting seeking approval of the members shall contain the requisite justification for the proposed appointment of a person who has attained the age of seventy five years, in accordance with Regulation 17(1A) of the SEBI LODR Regulations. The Company shall convene a General Meeting / seek approval of the members through Postal Ballot or General Meeting, as applicable, for obtaining the requisite Special Resolution for the proposed appointment. Dr. Prafulla Rajaram Hede has confirmed that he is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other statutory authority. Details under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI Circular No. SEBl/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, (Annexure-A) 5. Based on the recommendation of Nomination and Remuneration Committee, Approved Appointment of Mrs. Varsha Ajay Usgaonkar Sharma (DIN:07184991) as Additional Director (Non-Executive, Independent Director) of the Company for a first term of five (5) consecutive years with effect from August 14, 2026, subject to the approval of the shareholders of the Company. Details under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, (Annexure-B) 6. Reconstitution of various committees of board due to appointment of new Non-executive independent directors of the Company in compliance with the requirements o~ the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The details relating to committee formation is attached in (Annexure The Meeting of the Board of Directors commenced at 4.30 PM and concluded at 06: 30 p.m. -- - Kindly take the same on record. Thanking you, Yours' faithfully For HBG Hotels Limited (Formally Known as Phoenix Township Limited) Mr. SAMIT PRAFULLA HEDE Managing Director (DIN: 01411689) Annexure-A Details under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/l/3762/2026. 1. Reason for change viz. appointment, Fe- Appointment of Dr. Prafulla Rajaram Hede as appoiRtffleRt, resigRation, remo•;al, Non-Executive Director death or otheP.vise 2. Date of Subject to prior approval of member appointment/reappointfflent/cessation (as applicable) & term of appointment/re appointfflent; 3. Brief profile (in case of appointment) DR. P. R. HEDE, Chairman, LMC, is an eminent industrialist with vast experience in various fields. He was a Member of the Industrial Development Bank of India (IDBI) WRC which happens to be India's Apex Financial Institution and is ranked as the 7th largest development bank in the world. This position was held by him for a period of 9 years. He was a Director of The Indian Overseas Bank which has the distinction of having branches at most Cities in the Asia Pacific region including Hong Kong, Singapore and Seoul. He was also one of the core promoters of Sterling Holiday Resorts (India) Ltd., which has grown to become one of the largest timeshare resort companies in the country. He also has had the distinction of being one of the founder Director of the Gujarat Maritime Board (Government of Gujarat). 4. Disclosure of relationships between related to Mr. Samit Hede and Mrs. Shibanee directors (in case of appointment of a Manish Harlalka. --- ) director). S. Declaration pursuant to BSE Circular We hereby affirm that Dr. Prafulla Rajaram Hede No. LIST /COMP /14/2018-19 dated is not debarred from holding the office of director June 20, 2018 by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority. Annexure-B Details under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026. 1. Reason for change viz. appointment, Fe- Appointment of Mrs. Varsha Ajay Usgaonkar appointment, resignatioR, removal, Sharma (DIN:07184991) as Additional Director death or otherwise (Non-Executive, Independent Director) of the Company. 2. Date of Appointed as Additional Director (Non appointment/reappointment/cessatioa Executive, Independent Direc [Showing first 8,000 characters — download PDF for full document]