Praveg Ltd Share Price – NSE  / BSE

Hotels & Restaurants, Small Cap

Praveg will hold a meeting of the Board of Directors of the Company on 29 May 2026.

Praveg has received a Letter of Award (LoA) on 25 February 2026, from the Government of Meghalaya Directorate of Tourism for the Development, Operation and Maintenance of Luxury Cottages located at Umiam in Meghalaya under Design, Build, Finance, Operate and Transfer (DBFOT) Mode on Public-Private Partnership.

The project involves the development, operation and maintenance of a minimum of 40 (forty) luxury cottages on 10 (ten) acres of land, along with all ancillary amenities and facilities. The project has been awarded with a concession period of 30 (thirty) years.

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The project will be executed under the Design, Build, Finance, Operate and Transfer (DBFOT) model on a public-private partnership (PPP) basis.

Praveg has been selected as the bidder for the project, which involves the development of a minimum of 40 luxury cottages on approximately 10 acres of land, along with allied amenities and supporting infrastructure.

The company is required to complete the development and make the project operational on a year-round basis within 18 months from the appointed date.

The project carries a concession period of 30 years from the appointed date, offering long-term revenue visibility. The company expects strong performance from the upcoming resort, strengthening its presence in the premium eco-tourism segment.

Dr. CA Vishnu Patel, Chairman and Managing Director of Praveg Limited, said, ?We are pleased to receive the Letter of Award for this prestigious tourism infrastructure project at Umiam, Meghalaya. The project aligns with our strategy to expand ecoresponsible luxury hospitality offerings across emerging and high-potential destinations. We believe this development will deliver a distinctive guest experience while contributing to tourism growth, employment generation, regional economic development, and long-term value creation for all stakeholders.?

Praveg is a pioneer in eco-responsible luxury hospitality. The Company?s resorts are located in areas of significance from a cultural and heritage point of view and places of exotic and natural beauty.

The company's consolidated net profit rose 2.1% to Rs 9.28 crore on 66.6% increase in revenue from operations to Rs 90.45 crore in Q3 FY26 over Q3 FY25.

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Net profit of Praveg rose 2.09% to Rs 9.28 crore in the quarter ended December 2025 as against Rs 9.09 crore during the previous quarter ended December 2024. Sales rose 66.64% to Rs 90.45 crore in the quarter ended December 2025 as against Rs 54.28 crore during the previous quarter ended December 2024.

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