Praveg Ltd — Updates, 23-04-2025: Company Update

Praveg Limited's Board has approved plans for the listing of its existing equity shares on the National Stock Exchange and the draft Scheme of Amalgamation with Eulogia Inn Private Limited. The merger aims to enhance operational synergies, streamline resources, and strengthen the combined entity's financial position. The share exchange ratio is set at 1000 shares of Praveg for every 6683 shares held in Eulogia. This strategic move aligns with Praveg's objective of building a sustainable and profitable business, which could positively influence investor sentiment by enhancing overall shareholder value and market competitiveness.