Image Source: Trade Brains
Praveg Limited announced the termination of its inventory arrangement with Mahindra Holidays & Resorts India Ltd (MHRIL) for the Praveg Beach Resort Lighthouse in Daman, effective June 7, 2026. The exit is mutual and business-driven, while arrangements with MHRIL continue for other Praveg properties.
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Key Highlights:
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Termination Announced: Praveg Limited confirmed that it will end its inventory arrangement with Mahindra Holidays for the Praveg Beach Resort Lighthouse in Daman, effective June 7, 2026.
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Background: The partnership was initially disclosed in December 2024, covering inventory management and guest services at the Daman property.
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Mutual Exit: The company clarified that the termination was conducted mutually and in the ordinary course of business, with no disputes reported.
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Continuity Elsewhere: Despite the Daman exit, Praveg’s arrangements with MHRIL remain intact for other resorts, ensuring continuity of collaboration across its broader portfolio.
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Strategic Impact: Analysts note that the move allows Praveg to restructure operations at Lighthouse Resort independently, potentially enhancing flexibility in pricing, marketing, and guest experience.
Contextual Insights:
The Praveg Beach Resort Lighthouse, located on Daman’s scenic Lighthouse Beach, is known for its 33 independent sea-facing cottages and proximity to the historic Moti Daman Fort. While Mahindra Holidays will no longer manage inventory here, Praveg intends to continue operating the property directly, reinforcing its brand presence in India’s coastal tourism market.
Sources: FilingReader Intelligence, Club Mahindra, Business Standard
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