Ventive Hospitality Limited has approved the issuance of a Letter of Comfort in favour of ICICI Bank Limited. This facilitates a loan facility of up to ₹175 crores for Urbanedge Hotels Private Limited, a wholly-owned subsidiary. The Board of Directors discussed and approved this arrangement during their meeting on August 04, 2026. The details of the arrangement are provided in an attached annexure.
Board Approves Key Financing for Subsidiary
During a Board Meeting held on August 04, 2026, Ventive Hospitality Limited formally approved the issuance of a Letter of Comfort. This strategic financial instrument is intended for ICICI Bank Limited and pertains to a significant loan facility.
Loan Facility Details
The loan facility in question is valued at up to ₹175 crores and is being availed by Urbanedge Hotels Private Limited. This entity is a wholly-owned subsidiary of Ventive Hospitality Limited. The approval signifies the company’s commitment to supporting its subsidiary’s financial needs and operational expansion.
Regulatory Compliance and Disclosure
This decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and subsequent SEBI circulars. The company has attached detailed information as per the requirements, which includes specifics on the party for whom the comfort letter is issued, the nature of any promoter interest (stated as none in this case), and the immediate impact on the listed entity (currently none). The information is also available on the company’s website, www.ventivehospitality.com.
Source: BSE
