Praveg has informed that in continuation of the earlier intimation dated December 20, 2024, regarding the press release on entering into an inventory arrangement with Mahindra Holidays and Resorts India ('MHRIL') for certain properties of the Company, the Company has decided to terminate the agreement in respect of Praveg Beach Resort Lighthouse, Daman with effect from June 7, 2026, in accordance with the terms and conditions stipulated therein. The inventory arrangement with MHRIL shall continue to remain in force for all other properties of the Company, as previously disclosed. The exit from the inventory arrangement for the aforementioned property has been effected mutually in the ordinary course of business. The Company will continue to operate and manage the said property independently, and such termination does not have any material adverse impact on the operations, financial position, or business prospects of the Company.

The above information is a part of company’s filings submitted to BSE.