Annual Report of the Company for the FY 2025-26

To, Date: 19.08.2026 The Manager The Manager, BSE Limited National Stock Exchange of India Limited, P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051. (BSE Scrip Code: 523796) (NSE Symbol: VHLTD) Dear Sirs, Sub: Submission of 61st Annual Report for the Financial Year 2025-26 under Regulation 34 of SEBI (LODR) Regulations, 2015. Unit: Viceroy Hotels Limited In Compliance with Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are herewith submitting the 61st Annual Report for the Financial Year 2025-26 of the Company, which is dispatched to our shareholders on 19th August, 2026. The Annual General Meeting of the Company is scheduled to be held on Thursday, 10th day of September, 2026 at 11:00 A.M. through Video Conference (“VC”) / Other Audio-Visual Means (“OAVM”). Further, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a letter providing the web-link of the Annual Report, being sent to those members who have not registered their e-mail address, is available on the Company’s website at www.viceroyhotels.in . This is for the information and records of the exchange, please. Thanking You. Yours faithfully, For Viceroy Hotels Limited C. Siva Kumar Reddy Company Secretary and Compliance Officer VICEROY HOTELS LIMITED CIN: L55101TG1965PLC001048 Regd.Off: 8-2-120/112/88 & 89, Aparna Crest, 3rd Floor, Road No. 2 Banjara Hills, Hyderabad – 500 034, Telangana; Ph: 040 40204383 Website: www.viceroyhotels.in Email: secretarial@viceroyhotels.in EXPANDING OUR PORTFOLIO. ENHANCING EVERY EXPERIENCE. ANNUAL REPORT 2025-26 Contents EXPANDING OUR PORTFOLIO. ENHANCING EVERY EXPERIENCE. Corporate Overview Statutory Reports Financial Statements 02 About Viceroy Hotels 18 Notice 78 Standalone 04 Portfolio 24 Board’s Report 140 Consolidated At Viceroy Hotels, our growth journey is driven by a clear vision — to 06 Key Performance Indicators 51 Management Discussion build a differentiated hospitality portfolio that combines strategic and Analysis 08 MD and CEO’s Message expansion with exceptional guest experiences. We continue to identify 55 Report on 10 Acquisition and invest in high-quality assets that offer strong growth potential, Corporate Governance 12 Growth & Expansion Plans while strengthening our presence across key hospitality markets. 14 Investment Strategy Our approach is centred on disciplined capital allocation, strategic 16 Board of Directors acquisitions, greenfield developments and focused asset enhancements. By selectively investing in opportunities that align with our long-term 2025-26 Highlights objectives, we are creating a portfolio of premium hospitality assets positioned for sustainable growth and value creation. During the year, we strengthened our portfolio through the acquisition of Marriott Executive Apartments, Hyderabad, further expanding our L L L presence in the high-growth corporate and extended-stay segment. 13,909.9 7,402 4,259.7 Lakhs Lakhs We also continued to enhance our existing properties through targeted TOTAL REVENUE AVERAGE DAILY RATE EBITDA renovation and upgrade initiatives, designed to elevate service (ADR) (2.3% - Y-O-Y ▲) (13.4% - Y-O-Y ▲) standards, improve guest experiences and reinforce the competitiveness (8.3% - Y-O-Y ▲) of our assets. As the hospitality landscape continues to evolve, we remain focused on anticipating changing consumer preferences, embracing operational 64.3% L 1,806.8 L 4,761 excellence and delivering experiences that are memorable, personalised Lakhs and world-class. Our commitment extends beyond expanding our OCCUPANCY PROFIT AFTER TAX REVENUE PER AVAILABLE (PAT) ROOM (REVPAR) footprint: it is about creating meaningful experiences, building lasting (-600 BPS - Y-O-Y ▼) (-76.4% - Y-O-Y ▼) (-0.9% - Y-O-Y ▼) relationships and generating enduring value for our guests, partners, shareholders and communities. With a strong foundation, strategic vision and a future-ready approach, Note: All figures pertain to the standalone financial statements. we are poised to continue our journey of growth, innovation and excellence in hospitality. About Viceroy Hotels BUILDING A LEGACY OF Vision PREMIUM HOSPITALITY To transform Asia’s hospitality landscape, aiming to be a top brand. Established in 1965, Viceroy Hotels Limited (VHL) has built a strong legacy in premium hospitality, blending Indian hospitality values with global service standards. Its partnership with Marriott International Key Strengths since 2006 marked a significant milestone, introducing Hyderabad’s first Marriott hotel and strengthening the Company’s commitment to operational excellence. Legacy & Experience Marriott Partnership Premium Hyderabad Portfolio Over five decades of hospitality Long-standing association with Three Marriott-branded properties Today, VHL operates three premium Marriott-branded With a long-term vision to scale its portfolio to over expertise, delivering premium Marriott International since 2006, comprising 538 keys across properties in Hyderabad — Marriott Hotel & Convention 10,000 rooms across India, Viceroy Hotels continues to guest experiences since 1965. backed by global standards and business, leisure and extended- Centre, Courtyard by Marriott and Marriott Executive pursue growth through strategic acquisitions, greenfield operational excellence. stay segments. Apartments — with 538 keys. The portfolio is set to expand developments, asset enhancement, creating a scalable with the upcoming Courtyard by Marriott Madhapur, hospitality platform across business, leisure, luxury and further strengthening its presence in Hyderabad’s thriving destination segments. IT corridor and high-growth hospitality market. Strategic Market Presence Asset Enhancement Focus Growth-Oriented Strategy Strong foothold in Hyderabad, Continuous investments to Expanding presence through supported by the city’s thriving IT, upgrade properties, enhance greenfield developments, pharmaceutical, life sciences and guest experiences and strengthen brownfield opportunities and MICE ecosystem. long-term competitiveness. strategic acquisitions, with a vision to scale beyond 10,000 rooms across India. Key Facts 04 663 75 Hotels Rooms 3 – OPERATIONAL, 463 – OPERATIONAL, EXECUTIVE ROOMS 1 – UPCOMING 200 – UPCOMING 5.0 20,000 08 sq. ft. ACRES PLOT AREA CONVENTION CENTRE F&B OUTLETS Statutory Reports Financial Statements 2 Viceroy Hotels Limited Annual Report 2025-26 3 Corporate Overview Portfolio STRATEGIC HOSPITALITY ASSETS Each VHL property is developed across expansive land parcels of approximately 5 acres, thoughtfully designed to offer spacious accommodations, superior guest experiences and premium hospitality services. Through strategic space optimisation and efficient asset planning, we create high-quality, value-accretive hospitality assets that enhance operational performance and long-term profitability. Marriott, Hyderabad Courtyard by Marriott, Marriott Executive Greenfield Project, Hyderabad Apartments Madhapur* 168 75 200 ROOMS 5 ROOMS EXECUTIVE ROOMS ROOMS 2 1 7,000 F&B OUTLETS sq. yards 303 F&B OUTLETS F&B OUTLET LAND AREA Seating 180 1,57,241 RESTAURANT’S CAPACITY Seating sq. ft. 20,000 RESTAURANT’S CAPACITY LAND SHARE sq. ft. CONVENTION SPACE *Proposed hotel on leased to be operated under the brand Courtyard by Marriott Corporate Overview Statutory Reports Financial Statements 4 Viceroy Hotels Limited Annual Report 2025-26 5 Key Performance Indicators CREATING VALUE THROUGH DISCIPLINED EXECUTION In FY 2025–26, Viceroy continued to deliver a strong financial performance, marked by steady revenue growth, margin expansion and improved profitability. This performance reflects the Company’s focus on operational efficiency, disciplined cost management and a strategic approach towards strengthening high-margin business segments. Financial Metrics Corporate Overview Statutory [Showing first 8,000 characters — download PDF for full document]