Samhi Hotels Limited has informed the Exchange about the execution of Business Transfer Agreement by & between the Company and Deventure Hotel and Resorts Private Limited ("Buyer") for the Transfer of Business Undertaking Of Hotel ''Caspia'', which was approved by the Board of Directors at its meeting held today, i.e., Wednesday, 13th August 2025. The relevant details as required under SEBI LODR Regulations are enclosed for information & records.
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Samhi Hotels has signed a Business Transfer Agreement to sell its Hotel 'Caspia' business to Deventure Hotel and Resorts Private Limited through a slump sale for a total consideration of Rs 65 crore. The deal was approved by the board on 13 August 2025 and is expected to complete by 15 September 2025. Hotel Caspia is a relatively small asset, contributing only 6.10% of consolidated revenue (Rs 94.71 million) and 1.74% of net worth (Rs 495.50 million) in FY25. The buyer is an unrelated third party and the transaction is not a related-party deal.
This is a small portfolio rationalisation move — Caspia is a minor contributor to Samhi's revenue and net worth, so the financial impact on earnings is limited. The Rs 65 crore inflow could be used to reduce debt or fund growth in larger properties, which is a mildly positive signal for shareholders.