Samhi Hotels Limited — Important, 10-02-2025: Agreements

SAMHI Hotels Ltd. has signed a Share Purchase Agreement for the sale of its 100% stake in Duet India Hotels (Chennai OMR) Private Limited to Greenpark Hotels and Resorts Limited. This divestment anticipates a completion date on or before April 1, 2025, with the transaction valued at approximately INR 535 million. For the financial year 2023-24, Duet Chennai OMR contributed a turnover of INR 94.87 million, reflecting 0.99% of the company's total revenue, while reporting a net worth deficit of INR 123.63 million. This strategic move may enhance SAMHI's operational focus and financial flexibility moving forward. Investors should monitor this development closely for its potential impact on the company's future growth trajectory and balance sheet stability.