In continuation of our earlier intimation dated December 20, 2024, regarding the press release on entering into an inventory arrangement with Mahindra Holidays and Resorts India Limited ....
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Praveg Ltd has informed the stock exchanges that Mahindra Holidays & Resorts India Limited (MHRIL) has exited the inventory arrangement for two of its beach resort properties in Diu — Praveg Beach Resort, Diu - Chakratirth and Praveg Beach Resort, Diu - Nagoa. The exit is effective from May 16, 2026, and was carried out mutually and in the ordinary course of business. Importantly, the inventory arrangement with MHRIL remains unchanged and continues for all other properties as previously disclosed. The company will continue to independently operate and manage the two affected properties, and has stated that this exit has no material adverse impact on its operations, financial position, or business prospects.
This is a minor negative for shareholders since a partner is pulling out of two specific properties, but Praveg has explicitly downplayed the impact and the broader MHRIL tie-up remains intact, so the stock is unlikely to see a significant reaction.