Praveg Ltd — Important, 20-12-2025: Company Update

Praveg Limited has established "Praveg Rannutsav Private Limited" as its new wholly-owned subsidiary. This new entity, incorporated with an authorized and paid-up capital of 0.01 Cr each, is strategically formed to undertake the construction, development, operation, and marketing of a resort project at Dhordo, Kutch, Gujarat. This expansion is directly in line with Praveg's main business, aiming to strengthen its footprint in the hospitality and resort development sector. The total cash consideration for acquiring 100% ownership was 0.01 Cr, signaling a focused growth initiative to stakeholders.