Grand Continent Hotels Limited — Important, 26-05-2025: Disclosure of material issue

Grand Continent Hotels has announced a board meeting to discuss the financial results for the quarter and half-year.

The company has signed a 9-month MOU followed by a 10-year lease agreement with Taxshila International Pvt Ltd to operate a new 84-room hotel in Ayodhya, featuring multiple restaurants, a banquet hall, gym, and pool. This expansion targets a high-growth hospitality market and offers operational stability through a long lease. The strategic move aims to boost revenue by capturing demand in a key tourist destination, supporting future earnings growth. No related party issues are involved.