Leela Palaces Hotels & Resorts Ltd

Item 1: RPT with Leela BKC Holdings

• Resolution: Ordinary; approve material related party transactions with Leela BKC Holdings Private Limited for construction and related purposes.
• Aggregate limit: INR 4,500 million within one year from shareholders' approval.
• Funding actions include infusion of funds, subscription to Leela BKC securities, interest payments, and expense reimbursements.
• Term: one year from the date of shareholders' approval.
• Counterparty: Leela BKC Holdings Private Limited; Leela BKC is an associate of the Company.
• Audit Committee approved the related party transactions up to INR 4,500 million on arm's length terms.
• Postal ballot period runs Oct 17–Nov 15, 2026; results announced by Nov 17, 2026.
• RPTs amount to 29.47% of prior-year consolidated turnover.
• Background: Leela BKC is a joint venture; Leela Group holds 50% and the Company 49.99% of Leela BKC.

Meeting Details

• Dates: October 19 and 20, 2026; times not disclosed.
• Type/Mode/Location: One-to-One / Group meetings; Physical in Singapore.

Participants

• Company representatives will attend the investor meetings.

Purpose

• Purpose: Analyst/institutional investor meetings for engagement.

Additional Notes

• Organizer: Investor Meetings; Location: Singapore.

Meeting Details

• Date of call: October 14, 2026; Analysts / Institutional Call; mode: audio recording uploaded.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: Earnings call recording release for Q2 FY27.

Additional Notes

• Recording uploaded on company website; no transcript or presentation mentioned.

Issue Overview

• IPO of equity shares.
• Total issue size and net proceeds reported; no undersubscription or revision observed.
• Main objectives: debt repayment and general corporate purposes.

Utilisation of Proceeds

• Utilisation is as per offer document; no deviation observed.
• No material deviations or reallocation; means of finance unchanged.
• Repayment of borrowings (company and subsidiaries) fully utilized.
• General corporate purposes fully utilized.
• Issue-related expenses fully utilized; no idle funds.
• Unutilised funds at quarter end: none.
• Progress on deviations: on schedule.

Governance and Compliance

• Statutory approvals for objects obtained; no deviation.
• No material events affecting viability reported.
• No regulatory actions or litigation reported.

GCP

• GCP: 64.402 crore deployed for capital expenditure (asset acquisition) in Q4FY26.
• Board approval status for allocation not stated.

Business overview

• Pure-play luxury hospitality operator expanding with owned and managed hotels.
• Expanding into luxury residences and wellness/ARQ clubs.

Operational highlights

• FY27 openings include Jaisalmer (80 keys), Mumbai Waterstones (63), Srinagar (170), Bandhavgarh (30).
• Total pipeline of 1,038 keys across nine assets; targeted CY30 completions.
• Dubai Palm Jumeirah and BKC Mumbai expansions in progress.
• Coorg Forest Sanctuary rebranded on 8 July 2026; 71 owned keys.

Financial performance

• Q2 FY27 operating revenue ₹4,119 Mn; up 33% YoY.
• H1 FY27 operating revenue ₹7,638 Mn; up 30%.
• Q2 FY27 EBITDA ₹1,939 Mn; Q2 operating EBITDA ₹1,877 Mn; margin 46%.
• Profit for the period Q2 FY27 ₹946 Mn.
• Occupancy 68.8%; ADR ₹25,046; RevPAR ₹17,225 in Q2 FY27.

Balance sheet & liquidity

• Cash and bank balance ₹3,455 Mn (Sep'26).
• Total equity ₹66,054 Mn; borrowings ₹15,605 Mn; total assets ₹91,694 Mn.

Strategic priorities & outlook

• FY27-30 expansion: 1,038 keys across pipeline; 6 marquee hotels; 5 new managed contracts.
• New verticals: ARQ New Delhi/Chennai; Wellness facilities; 8 F&B outlets ramp-up.

Risks & governance

• Forecasts hinge on domestic demand strength and international recovery.
• Brookfield remains sponsor and promoter, underpinning governance and capital access.

Financial highlights

• Operating revenue rose 33% YoY to ₹4,119 million in Q2 FY27.
• Operating EBITDA rose 36% YoY to ₹1,877 million.
• Profit after tax stood at ₹946 million, up 27%.
• EBITDA margin at 46% in Q2 FY27.

Operational performance

• RevPAR rose 30% YoY to ₹17,225.
• ADR rose 30% to ₹25,046.
• Rooms revenue grew 39% YoY.
• Non-room revenue exceeded 50% of total revenue in H1 FY27.
• Brand website contributed 15.1% to room revenue in H1 FY27.
• NPS score reached 87 in H1 FY27.

Capital structure and pipeline

• Net debt stood at ₹12,150 million as of Sep 30, 2026.
• Net debt to EBITDA at 1.4x (vs 1.6x Mar 2026).
• Pipeline of 1,038 keys across 10 properties.
• Leela Jaisalmer and Leela Luxury Residences, Mumbai in active pre-opening stage.

Standalone quarterly highlights

• Standalone Q2 FY27 revenue from operations Rs 1,211.49m; total income Rs 1,720.98m.
• Standalone Q2 EBITDA Rs 1,156.16m; PBT Rs 997.84m; PAT Rs 797.09m.
• ESOP grant approved: 21,61,729 options.
• H1 FY27 total income Rs 3,152.14m; PAT Rs 1,405.65m; EPS Rs 4.21.
• Standalone Q2 basic/diluted EPS Rs 2.39.

Consolidated highlights

• Consolidated Q2 FY27 revenue from operations Rs 4,118.66m; total income Rs 4,180.33m.
• Consolidated Q2 PAT Rs 945.94m; EPS Rs 2.83.
• Consolidated H1 FY27 PAT Rs 1,433.49m; EPS Rs 4.29.

Cash flows & capex

• Standalone H1 FY27 net cash from operations Rs 703.47m.
• Standalone H1 FY27 capex payments Rs 229.54m.
• Standalone period-end cash and cash equivalents Rs 63.02m.

Leela Palaces Hotels & Resorts Limited trading window closed from October 01, 2026 till 48 hours after unaudited results for the quarter and half-year ending September 30, 2026

Meeting Details

• Date: September 22, 2026.
• Event: Anand Rathi G-200 Summit 2026.
• Type/Mode: One-to-One/Group; Physical.
• Location: Mumbai.

Participants

• Attendees: Company representatives (management).
• Key company role: Company Secretary and Compliance Officer.

Purpose

• Purpose: Intimation of analyst/institutional investor meet schedule.