Praveg announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2024 .Powered by Capital Market - Live News

Praveg will hold a meeting of the Board of Directors of the Company on 4 April 2024.Powered by Capital Market - Live News

Praveg announced the launch of the Safari Velavadar Resort in Gujarat. The resort is poised to achieve an impressive occupancy in the forthcoming six months, reflecting the high demand for sustainable luxury accommodations. The average room rateshould be in the range of INR 20,000 to INR 22,000. Praveg`s expansion represents a strategic milestone for the company, with promising prospects for revenue growth, profitability, and shareholder value creation. Situated in Gujarat`s vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. This peaceful locale is famed for the Velavadar Blackbuck National Park, a sanctuary for the elegant Indian blackbuck antelope and a host to diverse birdlife, including the rare lesser florican. Beyond its natural wonders, Velavadar invites exploration of its deep cultural roots, showcased in ancient monuments and lively traditions. From watching blackbucks roam freely to soaking in the tranquil rural atmosphere, Velavadar promises unforgettable moments for every visitor. The addition of these new luxury tented resorts significantly enhances Praveg`s footprint in the eco-luxury hospitality sector, increasing its operational portfolio to 11 properties, with an ambitious 15 more projects underway.Powered by Capital Market - Live News

Praveg has received Work Orders dated 13 March 2024, from Department of Tourism, U.T. Administration of Lakshadweep for Development, Operation, Maintenance and Management of 200 tents at Thinnakara Island, UT of Lakshadweep and 150 tents at Bangaram Island, UT of Lakshadweep. Powered by Capital Market - Live News

Net profit of Praveg declined 29.93% to Rs 8.10 crore in the quarter ended December 2023 as against Rs 11.56 crore during the previous quarter ended December 2022. Sales rose 16.53% to Rs 33.07 crore in the quarter ended December 2023 as against Rs 28.38 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales33.0728.38 17 OPM %37.4160.22 - PBDT12.6916.96 -25 PBT8.8515.45 -43 NP8.1011.56 -30 Powered by Capital Market - Live News