Praveg Ltd — Important, 21-01-2026: Company Update

Praveg Limited announced it has received a favorable observation letter with 'no adverse observations' from BSE Limited concerning its Scheme of Amalgamation with Eulogia Inn Private Limited. This is a crucial milestone for the proposed merger, signaling that the exchange has no objections. For shareholders, this development moves the company a significant step closer to finalizing the amalgamation, which aims to combine the businesses and achieve potential synergies. The scheme remains subject to other necessary statutory and regulatory approvals, including from the National Company Law Tribunal and respective shareholders and creditors.