Jungle Camps India Ltd — Important, 18-06-2026: Company Update

Jungle Camps India's lease for its Parsili project was cancelled because the land falls within a wildlife sanctuary, prohibiting resort development. The Madhya Pradesh Tourism Board will refund the 1.22 Cr upfront premium and return the 0.50 Cr performance security. The company is also seeking an additional 28.56 lakh in refunds, bringing the total recovery claim to 1.50 Cr. There is no material adverse financial impact. IPO proceeds originally for Parsili are now redirected to the Sheopur Fort Heritage Hotel project, a key growth initiative, with shareholder approval. This keeps IPO fund deployment on schedule and the expansion strategy robust.