Juniper Hotels Ltd Directors Report

Dear Members,

Your directors have immense pleasure in presenting the Fortieth (40 th ) Annual Report of the Juniper Hotels Limited (the Company) together with the Audited Standalone and Consolidated Financial Statements and Auditors Report, for the financial year ended March 31, 2026. We extend our sincere gratitude to our public shareholders for their continued trust, unwavering support, and valuable partnership as we advance our growth journey as a listed company.

We remain deeply grateful to our public shareholders for their continued trust, encouragement, and partnership as we progress in our journey as a listed company. Your confidence in Juniper Hotels continues to inspire us to strengthen our portfolio, enhance guest experiences, and create long-term value.

The financial year under review reflects a period of consolidation, strategic progress, and continued investment in strengthening our hospitality platform. Building upon the milestones achieved in the previous year following our listing, the Company remained focused on disciplined expansion, operational excellence, and asset enhancement across its portfolio.

During the year, the Company continued to advance several strategic initiatives that reinforce its long-term growth vision:

Key strategic developments during the year include the following:

1. Bengaluru, Karnataka Phase I Development

The Bengaluru project, comprising 238 keys, is in the advanced stages of development and is expected to commence operations in the near future under the Westin brand by Marriott International. The project marks a significant milestone in the Companys growth journey, representing its strategic expansion into a multi-brand hospitality platform beyond its existing Hyatt-branded portfolio. The hotel is targeted to be operational during FY 2026-27 and, upon commencement of operations, is expected to strengthen the Companys presence in the Bengaluru hospitality market and enhance its portfolio of luxury hospitality assets.

Phase II Development

The second phase of development on the same land parcel is presently at the design stage and is proposed to comprise approximately 250 guest keys

and 25 serviced apartments, along with extensive banqueting and event facilities. The project will be seamlessly integrated with the existing hotel premises while operating as a distinct hospitality offering.

2. Dwarka, New Delhi

The Company has been declared the successful bidder by the Delhi Development Authority (DDA) for license rights over a 2.52-acre land parcel situated at Dwarka, New Delhi, for hospitality development. The proposed project is envisioned as a large-scale luxury five-star hotel comprising approximately 550 keys, state-of-the-art restaurants, extensive banqueting and MICE facilities, a bar, lounge and spa. The project represents a significant addition of big box hotel asset to the Companys development pipeline and is expected to strengthen its presence in the National Capital Region.

3. Kaziranga, Assam

Pursuant to the acquisition of a 100% equity stake in Jenipro Hotels Private Limited in March 2025, the Company acquired rights over a 10-acre leased land parcel in Kaziranga, Assam, earmarked for the development of a luxury resort. The design and planning process for the project is currently underway. Based on the latest development plans, the resort is proposed to comprise 90 guest rooms and 16 luxury villas (aggregating to 106 keys), together with extensive banqueting facilities, curated dining experiences, a bar and an executive lounge. Situated in close proximity to Kaziranga National Park, the project is expected to offer a distinctive blend of luxury, wellness and nature-based experiences, further strengthening the Companys presence in the premium leisure and ecotourism hospitality segment. The project is targeted to be operational in FY 2027-28.

4. Guwahati, Assam

The Company has commenced the development of a luxury hospitality project on a 1.82-acre land parcel in Guwahati, held through its subsidiary, Chartered Hotels Private Limited. The project is currently in the design stage and is proposed to comprise 263 guest rooms and 14 serviced apartments, along with multiple banqueting facilities, two restaurants, a bar and lobby lounge, and an executive lounge. Strategically located adjacent to the Assam Secretariat, the development is being envisioned as a

landmark luxury destination in the region and is expected to further strengthen the Companys presence in the NorthEast hospitality market. The project is targeted for completion in FY 2028-29.

5. Renovation and Upgradation Initiatives

The Company continues to invest in the enhancement of its existing portfolio through various renovation and refurbishment initiatives. During the year, renovation activities were undertaken across multiple properties, including renovation of suites at Grand Hyatt Mumbai, refurbishment of public areas and restaurants at Andaz Delhi, comprehensive renovation of public areas and guest keys at Hyatt Regency Lucknow, and refurbishment of public areas at Hyatt Regency Ahmedabad, where the public area renovation has been completed. These initiatives demonstrate how our capital investment has translated into superior operating performance, profitability, enhancing guest experience, maintaining brand standards and strengthening the long-term competitiveness of the Companys hospitality assets.

A detailed analysis of these initiatives and other key developments is presented in the later sections of this Report.

This Annual Report provides a consolidated overview of the financial and operational performance of Juniper Hotels Limited and its subsidiaries, prepared in accordance with applicable statutory and regulatory requirements.

1. FINANCIAL SUMMARY AND HIGHLIGHTS

Your Companys financial performance for the year ended March 31, 2026, is summarised below:

in Lakhs)

Particulars	Standalone For the year ended		Consolidated For the year ended
March 31, 2026	March 31, 2025	March 31, 2026	March 31, 2025
Total Revenue	94,518.47	85,566.35	1,06,907.56	97,561.19
Earnings Before Interest, Depreciation, Taxes and Amortisation (EBIDTA)	41,709.74	33,686.78	44,404.67	36,806.82
Finance cost	8,760.50	9,578.03	9,659.18	10,858.95
Depreciation and Amortisation Expenses	9,069.97	8,689.39	11,217.06	10,948.94
Exceptional Item -Profit/(Loss)	3,922.35	-	4,332.77	-
Profit/(Loss) before tax	19,956.92	15,419.36	19,195.66	14,998.93
Less: Tax including Deferred Tax	5,265.57	7,391.70	5,034.32	7,870.08
Profit/(Loss) after Tax	14,691.35	8,027.66	14,161.34	7,128.85
Other Comprehensive Income/(Loss) (Net of tax)	25.03	19.25	12.08	12.90
Total Comprehensive Income/(Loss)	14,716.38	8,046.91	14,173.42	7,141.75

2. STATE OF COMPANYS AFFAIRS

During the financial year ended March 31, 2026, the total Revenue of the Company on a Standalone basis was 94,518.47 Lakhs as compared to 85,566.35 Lakhs in the previous year. Profit/(Loss) After Tax 14,691.35 Lakhs as compared to 8,027.66 Lakhs in the previous year.

On a Consolidated basis, the total revenue of the Company for the year increased to 1,06,907.56 Lakhs as compared to 97,561.19 Lakhs in the previous year. The Consolidated Profit/(Loss) After Tax 14,161.34 Lakhs as compared to 7,128.85 Lakhs in the previous year.

3. BUSINESS OVERVIEW

For detailed analysis and commentary, please refer to the MD&A section which forms part of the Annual Report. This section complements the Audited Financial Statements by delivering managements perspective, strategic rationale, and forward-looking outlook, ensuring a balanced and transparent view of the Companys performance and future direction.

4. CAPITAL STRUCTURE:

Authorised Share Capital

During the year under review, there was no change in the Authorised Share Capital of the Company. As at March 31, 2026, the Authorised Share Capital of the Company stands at 3,00,00,00,000/- (Rupees Three Hundred Crores only), comprising 30,00,00,000 (Thirty Crores) equity shares of face value 10/- (Rupees Ten only) each.

I ssued, Subscribed and Paid-up Equity Share Capital

During the year under review, there was no change in the Issued, Subscribed and Paid-up Equity Share Capital of the Company. As at March 31, 2026, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands at 2,22,50,23,840/- (Rupees Two Hundred Twenty-Two Crores Fifty Lakhs Twenty-Three Thousand Eight Hundred Forty only), comprising 22,25,02,384 (Twenty-Two Crores Twenty-Five Lakhs Two Thousand Three Hundred Eighty-Four) equity shares of face value 10/- (Rupees Ten only) each.

5. SIGNIFICANT OR MATERIAL ORDERS WERE PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS WHICH CAN IMPACT THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

During the year under review, there are no significant or material orders passed by the regulators, courts or tribunals impacting the going concern status and the Companys operation in future.

6. DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(3) (c) and Section 134(5) of the Companies Act 2013 (the Act) and based upon representations from the Management, the Board, to the best of their knowledge and ability, confirm that:

a) in the preparation of the Annual Accounts for the year ended March 31, 2026, the applicable accounting standards have been followed and there are no material departures;

b) the Directors have selected accounting policies, applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year and of the profits and losses of the Company for the year;

c) the Directors have taken proper and sufficient care in maintaining adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Directors have prepared the Annual Accounts of the Company on a going concern basis;

e) the Directors have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and operate effectively and;

f) t he Directors have devised proper systems and controls to ensure compliance with the provisions of all applicable laws and that such systems and controls are adequate and operating effectively.

7. TRANSFER TO RESERVE

The Board of Directors of the Company has decided to retain the entire profits for the financialyear 2025-26 as reflected in the Statement of Profit and Loss. Accordingly, no amount has been transferred to the reserves of the Company for the financial year ended March 31, 2026.

8. BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR)

Pursuant to the provisions of Regulation 34(2) (f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and applicable to the top 1,000 listed entities based on market capitalisation, the Company has duly prepared its Business Responsibility and Sustainability Report (BRSR) for the financial year under review, thereby reaffirming its steadfast commitment to the principles of robust corporate governance and responsible business conduct.

The BRSR comprehensively highlights the Companys policies, initiatives and performance across key

Environmental, Socialand Governance (ESG) parameters, evidencing its continued endeavour to integrate sustainability into its core business strategy and operations, and to create long-term, sustainable value for all stakeholders while contributing meaningfully to the society and environment in which it operates.

The BRSR forms an integral part of this Annual Report.

9. CORPORATE GOVERNANCE REPORT

The Company is firmly committed to upholding the highest standards of corporate governance and recognises that robust governance practices are essential for enhancing and sustaining investor confidence. The Companys disclosures are designed to align with and reflect best-in-class corporate governance practices. The Company has established an appropriate corporate structure commensurate with its business requirements and ensures a high degree of transparency through timely and regular disclosures, supported by effective and adequate internal control systems.

The Company has consistently adopted and adhered to sound governance practices and remains committed to maintaining the highest standards of corporate ethics, professionalism, and transparency in all its operations.

Pursuant to the provisions of Regulation 15 and Regulation 34, read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate Report on Corporate Governance, along with a certificate issued by M/s. N. Kothari & Associates, Practicing Company Secretaries, confirming compliance with the conditions of Corporate Governance as stipulated under the said Regulations, forms an integral part of this Annual Report.

10. MATERIAL CHANGES, IF ANY AFFECTING THE FINANCIAL POSITION OF THE Company WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TILL THE DATE OF THE REPORT. There have been no material changes or commitments affecting the financial position of the Company from the close of the financial year ended March 31, 2026, up to the date of this Report.

11. DIVIDEND

In order to conserve resources and support the Companys growth plans and strategic initiatives, the Board of Directors has not recommended any dividend for the year under review. In accordance with the provisions of Regulation 43A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) as amended from time to time, the Board of Directors of the Company have adopted a Dividend Distribution Policy. The same is available on the Companys website at https://iuniperhotels.com/wp-content/ uploads/2024/04/Dividend-Distribution-Policv.pdf

12. CHANGE IN THE NATURE OF BUSINESS ACTIVITIES

During the year under review, there was no change in the nature of the Companys business.

13. MEETINGS OF THE BOARD OF DIRECTORS

During the financial year under review, the Board of Directors convened six (6) meetings. The particulars of such meetings are set out in the Corporate Governance Report forming part of this Annual Report. The interval between any two consecutive meetings was within the period prescribed under the provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

14. COMMITTEES OF THE BOARD

As on March 31, 2026, the Company has following Committees of the Board in compliance with the requirements of the Companies Act, 2013, and SEBI Listing Regulations:

i) Audit Committee;

ii) Risk Management Committee;

iii) Nomination and Remuneration Committee;

iv) Corporate Social Responsibility Committee;

v) Stakeholders Relationship Committee.

The details pertaining to the composition of the aforesaid Committees, number of meetings held during the financial year under review, attendance of the members, and the terms of reference thereof are provided in the Corporate Governance Report forming part of this Annual Report.

In accordance with the provisions of the Act, a separate Meeting of the Independent Directors of the Company was held on February 11, 2026.

During the financial year 2025-26, recommendations made by the Committees to the Board of Directors were accepted by the Board, after due deliberation.

15. DIRECTORS AND KEY MANAGERIAL PERSONNEL

a. Board of Directors

As on March 31, 2026, the Board of Directors (the Board) of the Company comprised of Eight (8) Directors, with an optimum combination of Executive and Non-Executive Directors, including one Women Independent Directors. The Board comprises Four Non-Executive Independent Directors.

The details of the Directors of the Company as on March 31, 2026, are herein given below:

Sr. No.	DIN	Name of the Directors	Designation
1.	00339772	Arun Kumar Saraf	Chairman and Managing Director
2.	00468895	Namita Saraf	Non- Executive Director
3.	08262295	David Peters	Non- Executive Director
4.	10059779	Elton Wong	Non- Executive Director
5.	00013580	Pallavi Shroff	Independent Director
6.	06651255	Rajiv Kaul	Independent Director
7.	07430460	Sunil Mehta	Independent Director
8.	01238535	Mayur Chokshi	Independent Director

During the year under review the following changes have taken place:

In accordance with the provisions of Section 152(6) of the Companies Act, 2013 and in terms of the Articles of Association of the Company, Ms. Namita Saraf (DIN: 00468895), retired by rotation at the Thirty Ninth (39 th ) AGM held on September 19, 2025, and being eligible, offered herself for re-appointment. Based on the recommendation of Nomination and Remuneration Committee and pursuant to the approval of Members, Mr. Rajiv Kaul (DIN: 06651255) was reappointed as Independent Director of the Company for second term of 4 years commencing from September 20, 2025, to September 19, 2029, and he shall not be liable to retire by rotation.

Mr. Avali Srinivasan (DIN: 00339628) ceased to be a Non-Executive Independent Director w.e.f. September 18, 2025, due to completion of his term. The Board places on record its appreciation for his invaluable contribution and guidance.

Mr. Mayur Chokshi (DIN: 01238535) was appointed as an Additional Non-Executive, Independent Director of the Company, not liable to retire by rotation, for a term of 2 (two) consecutive years i.e. from December 18,

2025 up to December 17, 2027. The said appointment was approved by the members of the Company through Postal Ballot on January 21, 2026.

- In accordance with the provisions of Section 152(6) of the Companies Act, 2013 and in terms of the Articles of Association of the Company, Mr. Elton Tze Tung Wong (DIN: 10059779), Non-Executive and NonIndependent Director of the Company, retires by rotation at the forthcoming AGM and being eligible, offers himself for reappointment. The details of Mr. Elton Tze Tung Wong are furnished in the Notice of the AGM. The Board recommends his reappointment for the consideration of the Members of the Company at the forthcoming AGM.

b. Key Managerial Personnels (KMPs)

In terms of Section 203 of the Companies Act, 2013, the KMPs of the Company during the year under review are as follows:

Sr.	Name of the	Designation
No.	KMPs
1.	Varun Saraf	Chief Executive Officer
2.	Tarun Ajitkumar	Chief Financial Officer
	Jaitly

Sr.	Name of the	Designation
No.	KMPs
3.	Sandeep Joshi	VP - Finance &
		Accounts, Company Secretary and Compliance Officer

There were no changes in the Key Managerial Personnels (KM Ps) of the Company during the financial year.

16. SENIOR MANAGEMENT PERSONNEL (SMPS)

The SMPs of the Company during the year under review are as follows:

Sr. No.	Name of the SMPs	Designation
1.	Mr. Amit Saraf	President
2.	Mr. P J Mammen	Chief Operating Officer
3.	Mr. Pankaj Jhunjhunwala	Vice President Projects & Commercials
4.	Mr. Govind Shenoy	Vice President - Projects
5.	Ms. Nikita Das*	Vice President - Corporate Communications and Marketing

*During the year under review, Ms. Nikita Das has resigned from the position of Vice President - Corporate Communications and Marketing of the Company to pursue other opportunities. Her resignation was effective from closure of business hours of

December 05, 2025.

17. DECLARATION BY INDEPENDENT DIRECTORS

As at March 31, 2026, the Company has 4 (four) Independent Directors, namely, Ms. Pallavi Shroff, Mr. Rajiv Kaul, Mr. Sunil Mehta and Mr. Mayur Chokshi. All Independent Directors of the Company have given declarations under Section 149(7) of the Act that they meet the criteria of independence as laid down under Section 149(6) of the Act and Regulation 16(1) (b) of the Listing Regulations. In terms of Regulation 25(8) of the Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation, which exists or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective, independent judgment and without any external influence. The Board of Directors of the Company have taken on record the declaration and confirmation submitted by the Independent Directors after

undertaking due assessment of the veracity of the same. The Independent Directors have also confirmed that they have complied with Schedule IV to the Act and the Companys Code of Conduct. There has been no change in the circumstances affecting their status as Independent Directors of the Company.

The Board of Directors believes that the Companys Independent Directors are distinguished professionals, possessing deep expertise and extensive experience across a broad range of areas. They uphold the highest standards of integrity and maintain their independence from the management.

The Company has received confirmation from the Independent Directors of the Company regarding the registration of their names in the databank maintained by the Indian Institute of Corporate Affairs in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014.

18. FAMILARISATION PROGRAMME FOR INDEPENDENT DIRECTORS

Orientation and familiarisation programmes are conducted from time to time through reports/internal policies/presentations to enable them to understand their roles and responsibilities, nature of the industry in which the Company operated, business model of the Company, its strategic and operating plans. The Code of conduct for the Directors, the Code of Conduct to Regulate, Monitor and Report trading by insiders, the Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information and various other policies are also shared with them, from time to time. Further, during the year, presentations were also made from time to time at the Board and its committee meetings, on regular intervals, covering the business and financial performance of the Company, business outlook and budget, expansion plans, succession plans etc. The details of the familiarisation programme for the Independent Directors are provided in the Corporate Governance section, which forms part of this Annual Report.

19. CORPORATE SOCIAL RESPONSIBILITY

The brief outline of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives undertaken by the Company on CSR activities during the year under review forms part of this report in the format prescribed in the Companies (Corporate Social

Responsibility Policy) Amendment Rules, 2014, as amended from time to time. Further the Companys Corporate Social Responsibility (CSR) Policy formulated in accordance with Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility) Rules, 2014 and the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 can be accessed on the Companys Website at the following https://iuniperhotels.com/wp-content/ uploads/2023/09/CSR-Policy.pdf Pursuant to the provisions of Section 135 of the Companies Act, 2013, every company meeting the prescribed criteria is required to spend, in every financial year, at least 2% of the average net profits made during the three immediately preceding financial years on CSR activities undertaken in accordance with its CSR Policy. For the purpose of determining such obligation, net profit is required to be computed in accordance with the provisions of Section 198 of the Act.

The net profits for CSR purposes is computed in accordance with the provisions of Section 198 of the Companies Act, 2013 and considered the relevant adjustments as prescribed under the applicable provisions. Based on such computation and assessment of the CSR applicability criteria, including consideration of adjustments permitted under Section 198 of the Companies Act, 2013, wherever applicable, the Company has determined that there is no CSR expenditure obligation for the financial year ended March 31, 2026. Accordingly, the Company has not incurred any CSR expenditure or transferred any amount towards CSR activities during the reporting period.

20. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION AND SENIOR MANAGEMENT PERSONNELS APPOINTMENT AND REMUNERATION

The Board of Directors, on recommendation of Nomination and Remuneration Committee has adopted a Nomination and Remuneration Policy, which, inter alia, deals with the criteria for identification of members of the Board of Directors and selection/ appointment of the Key Managerial Personnel/Senior Management Personnel of the Company and their remuneration. The Nomination and Remuneration Committee recommends appointment of Directors based on their qualifications, expertise, positive

attributes and independence in accordance with prescribed provisions of the Act and the Rules made thereunder and SEBI Listing Regulations.

The Nomination and Remuneration Policy is formulated in accordance with Section 178 of the Companies Act, 2013, read with the Regulation 19(4) of the Listing Regulations can be accessed on the Companys website at https://iuniperhotels.com/ wp-content/uploads/2024/04/Nomination-and- Remuneration-Policy-1.pdf

21. PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars relating to conservation of energy, technology absorption, foreign exchange earnings and outgo as stipulated under Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, are furnished as Annexure-I to this Report.

22. AUDITORS STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Companies Act, 2013 (the Act) read with Rule 3 of the Companies (Audit and Auditors) Rules, 2014, M/s S R B C & Co. LLP, Chartered Accountants, Mumbai (Firm Registration No. 324982E/E300003), were appointed as the Statutory Auditors of the Company at the Annual General Meeting (ACM) held on August 10, 2021, for a term of five consecutive years, to hold office from the conclusion of the said AGM until the conclusion of the Fortieth AGM of the Company to be held in the year 2026.

Accordingly, the present term of the Statutory Auditors shall conclude at the ensuing Fortieth AGM of the Company. Based on the recommendation of the Audit Committee and subject to the approval of the Members, the Board of Directors has recommended the re-appointment of M/s S R B C & Co. LLP, Chartered Accountants, as the Statutory Auditors of the Company for a second term of five consecutive years, to hold office from the conclusion of the Fortieth AGM until the conclusion of the Forty-Fifth AGM of the Company to be held in the year 2031. The proposal for their reappointment forms part of the Notice convening the forthcoming AGM and is placed before the Members for their consideration and approval.

The Report of the Statutory Auditors for the financial year under review does not contain any qualifications, reservations, adverse remarks or disclaimers. The Notes to Accounts referred to in the Auditors Report are self-explanatory and, therefore, do not call for any further explanations under Section 134(3)(f) of the Act. Further, pursuant to the provisions of Section 143(12) of the Act, the Statutory Auditors have not reported any instances of fraud committed in the Company by its officers or employees during the year under review. The Report of the Statutory Auditors, along with its Annexures, forms an integral part of this Annual Report.

SECRETARIAL AUDITORS

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Members of the Company at the 39 th Annual General Meeting approved the appointment of N Kothari & Associates, Practicing Company Secretaries (Membership No. F10365, CP No. 13507), as the Secretarial Auditors of the Company for a term of five consecutive years, to hold office from April 1, 2025 up to March 31, 2030.

The Secretarial Audit Report issued by M/s N Kothari & Associates in Form MR-3 is annexed to this Report as Annexure II . The Secretarial Audit Report do not contain any qualifications, reservations, adverse remarks or disclaimers except the following:

i. The submission of Annual Report for the 2024-25, as required under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was made with a delay of 1 day;

Boards Explanation:

The delay was inadvertent due to technical issues encountered during the uploading of the Annual Report on the Stock Exchanges portals. The default of 1 day was subsequently regularised.

ii. The Company was not in compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to the composition of the Board with

respect to the appointment of an Independent Director. Consequently, nominal fine was imposed by the BSE and NSE on November 28, 2025 and February 27, 2026 which was duly paid by the Company. As on March 31, 2026, the Company is in compliance with the Regulation 17 of the SEBI Listing Regulations pertaining to the composition of Board of Directors. Further, pursuant to the aforesaid notices and applicable SEBI Circulars, the matter was placed before the Board of Directors at their respective meetings, and the same, along with the comments of the Board, was duly intimated to the Stock Exchanges.

Boards Explanation:

The Board of Directors, including Independent Directors, comprises a balanced mix of Executive and Non-Executive Directors, with a majority of Non-Executive Directors. During the year, Mr. Mayur Chokshi (DIN: 01238535) was appointed as an Independent Director with effect from December 18, 2025, pursuant to a diligent selection process. Consequently, the Company is in compliance with Regulation 17 of the SEBI Listing Regulations as on date. The Company has paid the nominal fine levied by NSE and BSE within the prescribed timeline. Pursuant to Regulation 24A(1) of the SEBI Listing Regulations, the Secretarial Audit Report of Chartered Hotels Private Limited, the Companys material unlisted subsidiary for 2025-26, is annexed to this report as Annexure III .

In terms of the provisions of Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company has also obtained the Annual Secretarial Compliance Report for the financial year 2025-26 from N Kothari & Associates.

INTERNAL AUDITOR:

The Board of Directors of the Company has appointed M/s. Protiviti India Member Private Limited as the InternalAuditor of the Company to conduct the internal audit for the financial year 2025-26 and the scope functioning, periodicity and methodology for conducting internal audit was approved by the Board of Directors.

23. SECRETARIAL STANDARDS

The Company is in compliance with applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to Meetings of the Board of Directors and General Meetings, respectively, issued by the Institute of Company Secretaries of India.

24. RELATED PARTY TRANSACTIONS

All contracts, arrangements, and transactions entered into by the Company with related parties during the financial year were in the ordinary course of business and conducted at arms length. These transactions were in compliance with the applicable provisions of the Companies Act, 2013 and the rules framed thereunder.

There were no materially significant related party transactions with the Companys promoters, Directors, Key Managerial Personnel, or other related parties that could have a potential conflict with the interests of the Company at large.

In accordance with Section 134 of the Companies Act, 2013, read with Rule 8(2) of the Companies (Accounts) Rules, 2014, the particulars of material contracts or arrangements with related parties entered on an arms length basis are disclosed in Form AOC-2, which forms an integral part of this Report and is annexed as Annexure IV .

All related party transactions were reviewed and approved by the Audit Committee. Prior omnibus approvals were obtained for transactions that are repetitive or unforeseen in nature, to ensure compliance and proper oversight.

Further details of related party transactions are provided in the notes to the Standalone and Consolidated Financial Statements, which form part of this Annual Report.

The Policy on Related Party Transactions approved by the Board can be accessed on the Companys website at the following link https://iuniperhotels.com/wp- content/uploads/2024/04/Policv-on-Materialitv-of- RPT-anddealing-with-RPTs.pdf .

25. ANNUAL RETURN

In accordance with Section 92(3) of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company in Form MGT-7 for the year ended March 31, 2026, shall be made available on the website of the Company at www.iuniperhotels.com

26. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEE GIVEN AND SECURITIES PROVIDED

The Company is engaged in infrastructural activities covered under Schedule VI of the Act and is therefore exempt from the provisions of Section 186 of the Act with regards to Loans, Investments, Guarantees and Securities. However, details of investments made and/or loans or guarantees given and/or security provided, if any, are given in the notes to the Standalone and Consolidated financial statements which form part of the Integrated Annual Report.

27. DEPOSITS FROM PUBLIC

Pursuant to the provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014, the Company has not accepted any deposits from the public during the financial year under review. Accordingly, there were no deposits outstanding as at March 31, 2026.

28. LOANS FROM DIRECTORS/DIRECTORS RELATIVES

During the year under review, the Company has not borrowed any amount from Directors or its relatives.

29. VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Company promotes safe, ethical and compliant conduct across all its business activities and has put in place a mechanism for reporting illegal or unethical behavior. The Company has, in accordance with provisions of Section 177 of the Act and Regulation 22 of the SEBI Listing Regulations, formulated a Vigil Mechanism/Whistle Blower Policy for all its Directors, Employees and other stakeholders to report concerns about any unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct or ethics policy. The Policy provides for adequate safeguards against victimisation of Directors, employees and other stakeholders who avail of the mechanism and have also provided them direct access to the Chairperson of the Audit Committee. Additional details about the Vigil Mechanism and Whistleblower Policy of the Company are explained in the Corporate Governance Report, which forms an integral part of this Annual Report, and the Policy is available on the website of the Company at https:// iuniperhotels.com/wp-content/uploads/2023/09/ Whistle-Blower-Policy.pdf

30. SUBSIDIARY/ASSOCIATE/JOI NT VENTURE COMPANIES

As on March 31,2026, the Company had three (3) wholly owned subsidiaries and one (1) step-down subsidiary, within the meaning of Section 2(87) of the Companies Act, 2013.

Subsequent to the close of the financial year, the Board of Directors, at its meeting held on May 21, 2026, approved the acquisition of 100% of the equity share capital of Juniper Hospitality Assets Private Limited (JHAPL) from its existing shareholder. Pursuant to the execution of a Share Purchase Agreement on June 04, 2026, the Company completed the acquisition and JHAPL became a wholly owned subsidiary of the Company with effect from June 04, 2026.

During the year under review, there was no material change in the nature of the business of the subsidiaries within the meaning of Section 2(87) of the Companies Act, 2013. The Company does not have any associate or joint venture companies within the meaning of Section 2(6) of the Companies Act, 2013.

The details of the subsidiaries are as follows:

- Mahima Holding Private Limited (MHPL) is a wholly owned subsidiary of the Company. MHPL holds certain parcels of land and did not have significant business operations during the financial year under review.

- Chartered Hotels Private Limited (CHPL) is a wholly owned subsidiary of the Company and is engaged in the business of acquiring, developing, operating and managing hotels, resorts and other hospitality-related services. The subsidiary currently operates hospitality properties in Raipur and Lucknow.

- Jenipro Hotels Private Limited (Jenipro)

is a wholly owned subsidiary of the Company and is engaged in the hospitality and catering business, including the acquisition, development and management of hotels, motels and related services.

- Chartered Hampi Hotels Private Limited (CHHPL) is a step-down subsidiary of the Company and is engaged in the business of developing, operating and managing hotels, restaurants, hospitality and leisure facilities, including service apartments, banquet and conference centres, and allied food and beverage services, in India and abroad.

Juniper Hospitality Assets Private Limited

(JHAPL) is engaged in the hospitality sector, primarily focusing on the development, ownership, operation, and management of hotels and related hospitality assets. Its business encompasses providing accommodation, food and beverage services, and a wide range of guest amenities and facilities. The Company also undertakes the establishment, acquisition, and management of hospitality properties and associated services, with an emphasis on delivering high-quality guest experiences.

In accordance with Regulation 16(1)(c) read with Regulation 24 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) , CHPL being an unlisted subsidiary of the Company, has been identified as a Material Subsidiary for the financial year 2025-26 based on the criteria of income/net worth for the preceding financial year 2024-25.

In accordance with the requirements of the SEBI Listing Regulations, the Company has formulated a Policy for Determining Material Subsidiaries , which is available on the Companys website at: https://iuniperhotels.com/wp-content/ uploads/2024/04/Policy-for-determining- Material-Subsidiary-1.pdf

Pursuant to Section 129(3) of the Act, a statement containing the salient features of the financial statements of the Companys subsidiaries in Form AOC-1 forms part of this Integrated Annual Report as Annexure V .

In terms of Section 136 of the Act, the standalone and consolidated financialstatements of the Company, along with the audited financial statements and other relevant documents of its subsidiaries, are available on the Companys website at: https://iuniperhotels.com/disclosures- under-regulation-46-of-sebi/

31. I NTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has established and maintained adequate internal financial controls over financial reporting in accordance with the provisions of Section 134(5)(e) of the Companies Act, 2013. The internal financial control framework is commensurate with the

size, scale and complexity of the Companys operations. The Audit Committee, comprising professionally qualified Directors with a majority being Independent Directors, regularly engages with the Statutory Auditors, Internal Auditors, and the management to discharge its responsibilities effectively.

The Company maintains a robust and comprehensive internal control system to ensure that all transactions are properly authorised, accurately recorded, and appropriately reported. These controls also safeguard the Companys assets against unauthorised use or disposition. In addition to financial controls, operational and fraud risk controls are implemented across all functional areas, covering the full scope of internal financial controls as defined under the Act.

An extensive programme of internal audits and management reviews supplements the Companys internal financial control framework. Documented policies, guidelines, and standard operating procedures support the effective implementation and management of these controls.

The internal financial control framework is designed to ensure the reliability of financial and operational records, thereby facilitating the preparation of accurate financial statements and disclosures. Key risks and corresponding controls across all relevant financial processes have been identified and documented. These controls are periodically tested by internal teams, and independently assessed by the Internal Auditors to validate their effectiveness.

The Internal Auditor reports directly to the Chairperson of the Audit Committee, ensuring independence and objectivity. The Audit Committee defines the scope and authority of the Internal Audit function, which is responsible for monitoring and evaluating the adequacy and effectiveness of internal controls, compliance with established procedures, and adherence to accounting policies across the Company and its subsidiaries. Based on Internal Audit findings, process owners implement necessary corrective actions to strengthen internal controls further. Significant audit observations, along with remediation measures, are regularly presented to the Audit Committee.

The Statutory Auditors Report includes a separate opinion on the adequacy and operating effectiveness of internal financial controls over financial reporting.

Based on the reviews conducted and reports submitted, it is evident that the Company has an adequate and effective Internal Financial Control system in place, appropriate to the nature and scale of its business operations. No material weakness was observed during the financial year 2025-26.

32. PERFORMANCE EVALUATION CRITERIA FOR DIRECTORS

To comply with the provisions of Section 134(3)(p) of the Act and Rules made there under, Regulation 17(10) of SEBI Listing Regulations, the Board of Directors has carried out an annual evaluation of its own performance including its Committees (wherein the concerned Director being evaluated did not participate). The performance of the Board was evaluated by the Board after seeking inputs from the Directors on the basis of the criteria such as strategy, performance management, risk management, core governance & compliance, organisations health and talent management.

The Board has adopted a formal evaluation mechanism for evaluating its own performance and as well as that of its Committees and individual directors, as required under the Act and SEBI Listing Regulations. Further, the performance evaluation of the Independent Directors was carried out by the entire Board. The performance evaluation of the Chairman, the Board as a whole and the Non- Independent Directors was carried out by the Independent Directors at their separate Meeting held on February 11, 2026.

The questionnaire was circulated to all the Board members of the Company in a transparent and confidential manner. The criteria encompassed several key parameters, including knowledge and competency, relevant experience, fulfilment of functions, ability to work as part of a team, initiative, availability and attendance, level of commitment, quality of contribution, integrity, and independence for the aforesaid evaluation.

The evaluation of all the Directors and the Board as a whole was conducted based on the criteria and framework adopted by the Board. On the basis of the ranking filled in the evaluation questionnaire and discussion of the Board, the performance of the Board and its Committees and Individual Directors (including Independent Directors) has been assessed as satisfactory.

33. MANAGEMENT DISCUSSION AND ANALYSIS

Pursuant to the provisions of Regulation 34(2)(e) and Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the management discussion and analysis report on Companys performance-industry trend and other material changes with respect to the Company, its subsidiaries, has been given separately and forms part of this Integrated Annual Report.

34. COST RECORDS AND AUDIT

The provisions of Section 148 of the Act and the Companies (Cost Records and Audit) Rules, 2014 are not applicable to the Company. Hence, the maintenance of the cost records as specified by the Central Government under Section 148(1) of the Act is not required and accordingly such accounts and records are not made and maintained. The Company has not appointed Cost Auditor during the year under review.

35. DISCLOSURES PERTAINING TO THE SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company is firmly committed to providing a safe, respectful, and conducive working environment for all women employees. In line with this commitment, the Company has established a comprehensive policy for the prevention and prohibition of sexual harassment at the workplace.

This policy outlines measures to prevent and prohibit any acts of sexual harassment against women employees and sets forth the procedure for timely and effective redressal of complaints, if any, related to such incidents.

In compliance with Section 4 of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has constituted an Internal Complaint Committee (ICC) entrusted with the responsibility to receive, investigate, and resolve complaints of sexual harassment in a confidential and impartial manner.

Status of Complaints as on March 31, 2026:

Sr. No.	Particulars	Number of Complaints
1.	Number of Sexual Harassment Complaints filed during the financial year	NIl
2.	Number of Sexual Harassment Complaints disposed of during the financial year	NIl
3.	Number of Sexual Harassment Complaints pending beyond 90 days	NIl

36. PARTICULARS OF EMPLOYEES

Disclosures relating to remuneration and other details as mandated under Section 197(12) of the Companies Act, 2013, read with Rules 5(1), 5(2), and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended, form part of this Report and are annexed hereto as Annexure-VI .

The statement containing names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197 of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this Integrated Annual Report. However, pursuant to Section 136 of the Act, this report is being sent to the members excluding the aforesaid information. Any member interested in obtaining said information may write to the Company Secretary at the Registered Office and the said information is open for inspection.

Number of employees as on the closure of financial year:

Particulars	FY 2025-26 - Standalone Basis (Corporate and Hotels located at Mumbai, Ahmedabad and Delhi)	FY 2025-26 - Consolidated basis (Corporate and Hotels located at Mumbai, Ahmedabad and Delhi, Lucknow, Raipur and Hampi)
Male	1,377	1,695
Female	317	377
Transgender	0	0

37. RISK MANAGEMENT

The Company remains firmly committed to a robust risk management framework, recognising it as a critical enabler of sustainable growth and long-term value creation. A proactive and structured approach is adopted to identify, assess, and manage potential risks across all areas of operations.

Our risk management strategy encompasses periodic risk assessments, implementation of effective mitigation controls, and a well-defined reporting and escalation mechanism. Key business risks, along with their mitigation plans, are integrated into the Companys annual business planning process and are regularly reviewed as part of ongoing management oversight.

To further strengthen this framework, the Board of Directors has constituted a dedicated Risk Management Committee in compliance with the SEBI Listing Regulations. This Committee is responsible for monitoring the overall risk management system and ensuring the implementation of appropriate measures to address and mitigate identified risks effectively.

The Company has also formulated a Risk Management Policy, which is available on the Companys website at: https://iuniperhotels.com/wp-content/

uploads/2024/04/Risk-Management-Policv.pdf

38. INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

During the year under review, there was no application made and proceeding initiated/pending by any Financial and/or Operational Creditors against the Company under the Insolvency and Bankruptcy Code, 2016. Accordingly, as on the date of this Report, there is no application or proceeding pending against the Company under the Insolvency and Bankruptcy Code, 2016.

39. INSOLVENCY DISCLOSURE RELATING TO DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE-TIME SETTLEMENT AND VALUATION DONE WHILE TAKING LOAN FROM BANK OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF

During the year under review, no such one-time settlement was done in respect of any loan taken by the Company from Banks/Financial Institutions, if any.

40. BORROWINGS FROM BANKS/FINANCIAL INSTITUTIONS

As on March 31, 2026, the Companys total long-term borrowings from banks/financial institutions stood at 64,333.05 Lakhs on a standalone basis and at 66,709.81 Lakhs on a consolidated basis.

41. GREEN INITIATIVE

Pursuant to Section 101 and 136 of the Act read with Companies (Management and Administration) Rules, 2014 and Companies (Accounts) Rules, 2014, the Company can send Notice of Annual General Meeting, financial statements and other communications in electronic form.

Your Company shall be sending this Report including the Notice of Annual General Meeting, Audited Financial Statements, Boards Report along with annexures etc. for the Financial Year 2025-26 in the electronic mode to the shareholders who have registered their email ids with the Company and/or their respective Depository participants (DPs). Shareholders who have not registered their e-mail addresses so far are requested to register their e-mail addresses. Those holding shares in demat form can register their e-mail addresses with their concerned DPs. Shareholders who hold shares in physical form are requested to register their e-mail addresses with the Company by sending mails to the mail id. complianceofficer@iuniperhotels.com or to the Registrar and Share Transfer Agent of the Company, by sending a letter, duly signed by the first/sole holder quoting details of their Folio No.

42. OTHER DISCLOSURES

The Board of Directors hereby states that no disclosure or reporting is required in respect of the following matters, as there were no transactions or activities pertaining to these during the Financial Year 2025-26:

a) No equity shares with differential rights as to dividend, voting or otherwise were issued during the year.

b) The Company has not issued any shares, including sweat equity shares or shares under any Employee Stock Option Scheme (ESOP), to its employees.

c) There were no instances wherein voting rights were exercised by employees indirectly through any trust or otherwise.

d) The Statutory Auditor has not reported any instances of fraud under Section 143(12) of the

Companies Act, 2013 in their Audit Report for the financial year 2025-26; accordingly, the disclosure under Section 134(3)(ca) is not applicable. e) The Company is in compliance with all applicable provisions of the Maternity Benefit Act, 1961.

43. ACKNOWLEDGEMENT

The Board of Directors expresses its sincere gratitude to the Companys customers, vendors, investors, bankers, financial institutions, academic partners, regulatory authorities, stock exchanges, and all other stakeholders for their continued support and cooperation throughout the year.

The Directors also acknowledge the valuable support extended by the Government of India, various state governments, overseas governments, their respective agencies, and other regulatory bodies.

The Board further places on record its deep appreciation for the dedication, professionalism, and collaborative spirit demonstrated by the employees of the Company, whose efforts have been instrumental in driving its performance and growth.

	For and on behalf of the Board of Directors Juniper Hotels Limited
Place: Mumbai Date: May 21, 2026	SD/- Mr. Arun Kumar Saraf Chairman and Managing Director DIN: 00339772

118	wwwjuniperhotels.com	Irh JUNIPER	Scaling with Vision. Delivering with Strength.	CORPORATE OVERVIEW	MD&A	GOVERNANCE	BRSR	FINANCIALS	119
		HOTELS

Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo pursuant to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Account) Rules, 2014.

(A) Conservation of Energy:

(i) Steps taken or impact on conservation of energy -

During 2025-26, your Company continued to strengthen its commitment towards environmental sustainability and energy efficiency through a combination of project-based interventions and operational enhancements across its hospitality portfolio. The initiatives focused on reducing energy intensity, improving equipment efficiency, lowering carbon emissions, and enhancing overall building performance. Key initiatives included:

HVAC and Plant Efficiency Improvements:

- Replacement of 14 Air Handling Units (AHUs) at Grand Hyatt Mumbai with energy-efficient EC fan-based systems, resulting in improved airflow management and reduced electrical consumption.

- Replacement of two ageing chillers at Grand Hyatt Mumbai with high-efficiency chillers, significantly improving chiller plant performance and overall energy efficiency.

- Successful completion of the Variable Refrigerant Volume (VRV) system implementation at Hyatt Raipur, enhancing HVAC efficiency and operational reliability.

- Completion of Phase II of the VRV project at Hyatt Place Hampi, further improving energy performance and climate control efficiency.

- Continuous cooling tower optimisation initiatives undertaken across properties to improve chiller performance and maximise plant efficiency.

- Deployment of automatic condenser tube cleaning systems to maintain optimum heat transfer efficiency and reduce energy consumption.

Infrastructure and System Upgrades:

- Replacement of conventional pumps with energy-efficient pumps at Grand Hyatt Mumbai, contributing to lower power consumption and improved operational performance.

- Upgradation of Building Management Systems (BMS) at Hyatt Andaz Delhi and Hyatt Regency Ahmedabad, enabling enhanced monitoring, control and optimisation of energy usage.

- Strengthening of Building Management Systems across properties with centralized monitoring capabilities for improved energy tracking and data-driven decision-making.

Operational Enhancements:

- Deployment of automated lighting controls in public areas and key-card based master switches in guest rooms to minimise energy usage during non-occupancy periods.

- Upgradation of large-capacity Air Handling Units (AHUs) with EC motors to improve airflow efficiency and reduce electrical consumption.

- Implementation of water-to-water heat pumps for energy-efficient hot water generation. Collectively, these initiatives have contributed to improved operational efficiency, reduced energy intensity, lower carbon emissions and enhanced guest comfort, while delivering measurable cost savings and improved system reliability across the Companys properties.

(ii) Steps taken by the Company for utilizing alternate sources of energy

In line with its long-term sustainability strategy, the Company continued to increase the adoption of renewable and alternate energy sources across its portfolio.

- During 2025-26, the Company achieved open access renewable energy integration at the group level, with renewable power accounting for 26.4% (11.50 million kWh) of the total electricity consumption, thereby reducing dependence on conventional energy sources.

- At Hyatt Andaz Delhi, solar power was integrated with the existing waste-to-energy source, creating a hybrid renewable energy model. This initiative is expected to increase green power contribution to more than 80% of the propertys total energy consumption.

- Open access power was successfully implemented at Hyatt Regency Lucknow from December 2025 and is expected to meet approximately 75% of the hotels total power requirement through renewable sources.

- The Company also continued to evaluate and engage with multiple renewable energy partners for implementation of open access power solutions at Grand Hyatt Mumbai and Hyatt Regency Ahmedabad, further supporting its transition towards cleaner energy sources.

These initiatives reinforce the Companys commitment to diversifying its energy mix, reducing carbon emissions and progressively increasing the share of renewable energy across its operations.

(iii) Capital investment on energy conservation equipment;

During 2025-26, the Company incurred capital expenditure towards various energy conservation and efficiency enhancement projects across its properties. Major investments included:

- 1.20 Crores towards replacement of 14 Air Handling Units (AHUs) with EC fan-based systems at Grand Hyatt Mumbai.

- 25 Lakhs towards replacement of conventional pumps with energy-efficient pumps at Grand Hyatt Mumbai.

- 60 Lakhs towards upgradation of Building Management Systems (BMS) at Hyatt Andaz Delhi and Hyatt Regency Ahmedabad.

- 1.80 Crores towards Phase II implementation of the Variable Refrigerant Volume (VRV) project at Hyatt Place Hampi.

- 3.30 Crores towards replacement of two ageing chillers with high-efficiency chillers at Grand Hyatt Mumbai.

The above investments are expected to generate substantial energy savings, improve operational efficiency, strengthen system reliability and support the Companys long-term sustainability objectives.

(B) Technology Absorption:

(i) The efforts made towards technology absorption;

Your Company continued to adopt advanced and energy-efficient technologies to enhance operational performance and sustainability outcomes across its properties. Key initiatives undertaken during the year include:

- Upgradation and strengthening of Building Management Systems (BMS) to facilitate real-time monitoring, centralised control and optimisation of energy consumption.

- Adoption of EC fan technology in Air Handling Units (AHUs) to improve airflow efficiency and reduce electrical consumption.

- Deployment of high-efficiency chillers at Grand Hyatt Mumbai for enhanced cooling performance and lower energy usage.

- Continued implementation of Variable

Refrigerant Volume (VRV) technology at Hyatt Raipur and Hyatt Place Hampi for demand- based HVAC operations and improved energy efficiency.

- Installation and utilisation of automatic

condenser tube cleaning systems to maintain optimum heat transfer efficiency and sustained chiller performance.

- Adoption ofwater-to-water heat pump technology for energy-efficient and environmentally sustainable hot water generation.

(ii) The benefits derived like product improvement, cost reduction, product development or import substitution;

The absorption of advanced technologies has resulted in several operational and environmental benefits, including:

- Energy Savings and Cost Reduction: Improved equipment efficiencies, optimized HVAC operations and increased renewable energy adoption have contributed to lower energy consumption and operating costs.

- Enhanced Operational Reliability: Upgraded

chillers, pumps, BMS platforms and VRV systems have improved equipment performance, system stability and preventive maintenance capabilities.

- Improved Guest Experience: Enhanced climate control, improved indoor comfort levels and better environmental conditions have contributed to an improved guest experience across properties.

- Sustainability Benefits: Increased utilisation of renewable energy sources, reduction in carbon emissions and improved energy performance have strengthened the Companys overall sustainability profile and environmental stewa rdship.

- Data-Driven Energy Management: Advanced monitoring and control systems have enabled better energy tracking, performance analysis and informed decision-making for continuous efficiency improvements.

Annual Report 2025-26

Juniper Hotels Limited