Advani Hotels & Resorts (India) Limited, in its Board Meeting held on June 12, 2026, officially adopted specific valuations for its operating business undertaking, “Caravela Beach Resort Goa” (the “Asset”), and its ‘Caravela’ brand, following a prudent and conservative approach. The Board adopted the lower valuations between reports provided by Whitestone Valuers and Consultants Private Limited (“Whitestone”) and ANVI Technical Advisors India Private Limited (“ANVI”). For the Asset on an ‘as-is-where-is’ basis, the Board adopted a valuation of Rs. 828.50 Crores, and for the Asset inclusive of the new Banquet space under construction, it adopted a valuation of Rs. 982.00 Crores. Additionally, for the ‘Caravela’ brand, the Board adopted a valuation of Rs. 81.88 Crores.

Advani Hotels & Resorts (India) Limited is a public limited company incorporated in 1987, primarily engaged in the lodging and hospitality business. The company owns and manages the 5-star deluxe ‘Caravela Beach Resort’ in Varca, Goa, which is spread over 24 acres. During 2025 and 2026, the company has been focused on regulatory compliance and shareholder initiatives, including announcing interim dividends and special windows for the dematerialization of physical shares. The company recently saw shareholder approval for resolutions regarding director remuneration and expense ratification.

The company reported its quarterly financial results for the period ended March 31, 2026, showing growth compared to the corresponding quarter of the previous year. A notable investor in the company includes the well-known ace investor Radhakishan Damani, who has historically held a stake in the company. Other major shareholders include the promoters, Mr. Sunder G. Advani and Delta Corp Limited.