Grand Continent Hotels Limited — Important, 29-04-2025: Disclosure of material issue

Grand Continent Hotels Limited (GCH) has entered into a Memorandum of Understanding (MOU) to establish a hotel in Jaipur through a lease agreement with Mr. Prem Dutt Sharma. The MOU lasts nine months, while the lease will be for ten years, covering a property with 92 rooms, dining, and banquet facilities, which will operate under GCH's brand.

This initiative is expected to strengthen GCH's portfolio and market presence, potentially boosting revenue in the hospitality sector. Investors should keep an eye on the final lease agreement and any additional operational developments from this expansion strategy.