$MHRIL

MAHINDRA HOLIDAYS : COMPLETES ₹37.5 CR ACQUISITION OF COFFEE ESTATE IN CHIKMAGALUR ☕️🏞️ • 🏨 Mahindra Holidays & Resorts India (MHRIL) has completed the acquisition of 100% equity stake in Aditatva Estates Pvt Ltd for ₹37.5 crore, making it a wholly owned subsidiary effective June 15, 2026. • ☕️ Aditatva is engaged in the coffee plantation business and owns a ~50-acre land parcel in Chikmagalur, Karnataka, which MHRIL plans to develop into a leisure resort. • 🌄 The acquisition aligns with MHRIL’s strategy of expanding its leisure resorts business and adding premium experiential destinations. • 📅 The transaction was originally announced on April 27, 2026, and was completed after fulfilling all conditions precedent under the SPA. • 🚫 The acquisition is not a related-party transaction, and none of the promoter group entities have any interest in Aditatva. • 📊 Aditatva reported turnover of ₹81.03 lakh in FY25, compared with ₹80.62 lakh in FY24 and ₹37.10 lakh in FY23. • 🏞️ With this acquisition, Aditatva has become a step-down subsidiary of Mahindra & Mahindra through MHRIL. 🟢 Impact: Positive (The acquisition provides MHRIL with a premium tourism asset in Chikmagalur, supporting long-term resort expansion and enhancing its experiential hospitality portfolio.)