Interim report
Page 1
Elevate Campuses Limited (Formerly known as Good Host Spaces Limited) CIN – U74994MH2005PLC339336 Registered Office: Naman Midtown, Unit No 902 - 906, 9th Floor, Tower B, Lower Parel, Mumbai - 400013 Tel: +91 -22-68201600 l Email: companysecretary@elevatecampuses.com l Website: www.elevatecampuses.com October 19, 2026 ECL/SE/2026-27/08 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051 Symbol: ELEVATE BSE Limited Phiroze Jeejeebhoy Towers, 25th floor, Dalal Street, Fort, Mumbai – 400001 Scrip Code: 544945 Dear Sir/Madam, Sub: Outcome of the Board Meeting held on October 19, 2026 Ref: Intimation of Board Meeting dated September 30, 2026 We hereby inform you that, in compliance with Regulation 30 read with Schedule III, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listi ng Regulations”), the Board of Directors of Elevate Campuses Limited (“the Company”), at their Meeting held today i.e. Monday, October 19, 2026 has inter-alia, approved the Unaudited Consolidated and Standalone Financial Results of the Company for the first quarter ended June 30, 2026. In this regard, please find enclosed the following in compliance with Regulation 33 of the SEBI Listing Regulations: 1. Unaudited Consolidated and Standalone Financial Results for the first quarter ended June 30, 2026. 2. Limited Review Reports on the Unaudited Consolidated and Standalone Financial Results for the first quarter ended June 30, 2026, issued by S R B C & Co LLP, the Statutory Auditors of the Company. The aforesaid Board meeting commenced at 7.02 p.m. (IST) and concluded at 7:35 p.m. (IST). This intimation is also being uploaded on the website of the Company at www.elevatecampuses.com Kindly take the above on record. Yours faithfully, For Elevate Campuses Limited (formerly known as Good Host Spaces Limited) Jenny Shah Company Secretary & Compliance Officer Encl.: As above i,J ELEVATE
Page 2
SR BC& COLLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumhai - 400 028, India Tel: +9122 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Elevate Campuses Limited (formerly known as Good Host Spaces Limited) 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Elevate Campuses Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations;'). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regu~ation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities as listed in Annexure I. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules ~ C & c issued thereunder and other accounting principles generally accepted in India, has not ~ 0 0 y ~ Mtt •'lBAt ";> ~ ' ~ ~ ¾ ~~ ~D Acco\}~ 5 'I 5 : & ::i LL?, a Limited Liability Partnership with LU' Identity No. AAB-4313 ~eqd. :J:ffice: 22, Camac Street, 3iiock '8' , 3rd ~!oor. Kolkata·700 016
Page 3
SR 8 C& CO LLP Chartered Accountants Elevate Campuses Limited Page 2 of 3 disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Ind AS financial information of the Group for the quarters ended June 30, 2025 and March 31, 2026 included in these unaudited consolidated Ind AS financial results have not been subject to an audit or review. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 ~ harya Partner Membership No.: 124790 UDIN:26124790JQXVCH9961 Mumbai October 19, 2026
Page 4
- SR BC& CO LLP Chartered Accountants Elevate Campuses Limited Page 3 of 3 Annexure I List of entities included in these results SI. No. Name of the entity 1 Elevate Campuses Limited ('ECL') 2 Good Host Spaces (Shoolini) Private Limited 3 Good Host Spaces (Sonipat) Private Limited 4 Good Host Spaces (Jagdishpur) Private Limited 5 Good Host Spaces (West) Private Limited 6 Good Host Spaces (Chennai) Private Limited 7 Good Host Spaces Education Foundation 8 Elevate Hostel Management Services Private Limited 9 Data Ram Sons Private Limited 10 Good Host Spaces (Student Accommodation 1) Private Limited 11 GHS Sonipat II Private Limited 12 Elevate UAE AssetCo Holdings Pte. Ltd. ('Elevate UAE') 13 Souk HIS Holdings Pte. Ltd. ('Souk HIS') 14 Souk NLCS Holdings Pte. Ltd. ('Souk NLCS') 15 Souk HIS Holdings Limited 16 Souk NLCS Holdings Limited 17 Elevate lnfraschool 1 Private Limited 18 lnfraschool Services Chintamani Private Limited 19 lnfraschool Services Kadiri Private Limited 20 lnfraschool Services Korba Private Limited 21 lnfraschool Services Tumkur Private Limited 22 Purelearn Eduinfra Kanakapura Private Limited 23 Purelearn Eduinfra Ramanagara SH Private Limited 24 Purelearn Eduinfra Bangalore Private Limited 25 CUIB Eduinfra Bangalore Private Limited 26 lnfraschool Services Gurgaon Private Limited 27 Purelearn Eduinfra Bowenpally Private Limited 28 Purelearn Eduinfra Hyderabad Private Limited 29 Purelearn Eduinfra Chennai Private Limited 30 Purelearn Eduinfra Hisar Private Limited 31 St. Michael's Educational Services Private Limited S~ c & Co fer note 4(b) of the unaudited consolidated financial results 0 y I~ M~ 1BA/ ~) ~ · ~ ~~ ~~ ~D ACCO\J~ - Relationship Holding Company Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of ECL Subsidiary of Elevate UAE Subsidiary of Elevate UAE Subsidiary of Souk HIS Subsidiary of Souk NLCS Subsidiary of ECL Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL * Subsidiary of ECL *
Page 5
1 2 3 4 5 6 7 8 9 10 11 12 Elevate Campuses Limited (formerly known as Good Host Spaces Limited) CIN : U74994MH2005PLC339336 Naman Midtown, Unit No 902-906, 9th Floor, Tower B, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 All figures are in Rupees millions unless stated otherwise Particulars Income Revenue from operations Other income Total income Expenses Employee benefits expense (refer note 3) Other expenses Total expenses Earnings before depreciation , amortisation , finan ce costs, exceptiona l item s and tax Depreciation and amortisation expenses Finance costs Profit before exceptional items and tax Exceptional items (gain/ (loss)) (refe r note 5) Profit before tax Tax expenses (a) Current tax (b) Current tax pertai ning to earlier years (c) Deferred tax (refer note 6) (d) Defer red tax pertai ning to earlier years Total tax expense Net profit for the period / year Other comprehensive income Items that will not be reclassified subsequent ly to profit and loss Remeasurements gain / (loss) on define d benefit plans Tax on remeasurements gain / (loss}, on defined benefit plans Equity instruments at fair value through other comprehensive income Items that will be reclassified subsequently to profit and loss Exchange difference on translation of foreign operations Total other comprehensive income/ (loss) for the period/ year (net of tax) Total comprehensive income for the period/ year Paid up equity share capital (face value of Rs. 1 each) Other equity Earnings per equity share (in INR) (not annualised) (a) Basic (b) Diluted Quarter ended June 30, 2026 March 31, 2026 Unaudited Unaudited (refer note 4(b),7) 2,191.35 2,180_92 89.20 81.71 2,280.55 2,262.63 165.17 137.48 379.30 409.05 544.47 546 .53 1,736.08 1,716.10 412.45 399.51 830.13 796.61 493. 50 519.98 (69.27) 424.23 519.98 76.80 104.85 (2.11) 6.85 (121.00) 2.11 83.65 (16.15) 340.58 536.13 2.21 (0.56) 0.45 143.12 459.34 143.12 461 .44 483.70 997.57 22.11 22.11 3.85 6.06 3.18 5.03 SIGNED FOR IDENTIFICATION BY ~ SR BC & CO LLP MUMBAI June 30, 2025 Unaudited (refer note 4(b) , 7) 1,668.88 92.00 1,760.88 100.07 294.72 394.79 1,366 .09 261 .51 654.48 450.10 1,085.74 1,535.84 54.68 293.72 348.40 1,187.44 0.12 0.12 1,187.56 22.11 13.43 13.43 Year ended March 31 , 2026 Audited (refer note 4(b)) 7,673. 06 399.84 8,072.90 438.08 1,439.67 1,877.75 6,195.15 1,305.81 3,086.76 1,802 . 58 1,049.19 2,851 .77 228.96 (2.11) 309.18 2.11 538.14 2,313 .63 1.45 (0.37) 0.45 601 .97 603.50 2,917.13 22.11 5,273.84 26.17 12.44
Page 6
Elevate Campuses Limited (formerly known as Good Host Spaces Limited) CIN : U74994MH2005PLC339336 Naman Midtown, Unit No 902-906, 9th Floor, Tower B, Senapati Bapat Marg, Lower Pare!, Mumbai 400 013, Maharashtra, India Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 All figures are in Rupees millions unless stated othe1wise Consolidated segment information Particulars 1 Segment revenue Student accommodation (in India) K-12 Schools - in India - outside India Less: Inter-segment revenue Total segment revenue 2 Segment results Student accommodation (in India) K-12 Schools • in India - outside India Total segment results Less: Finance cost Add /(Less): Exceptional items (gain/ (loss)) (Unallocable) Add/(Less): Unallocable income I (expense) (net) Total segment results 3 Segment assets Student accommodation (in India) K-12 Schools • in India • outside India Unallocable" Total assets 4 Segment liabilities Student accommodation (in India) K-12 Schools • in India • outside India Unallocable .. Total liabilities *comprises of investments, loans and deferred tax assets -comprises of borrowings and deferred tax liabilities The following operating segments have been identified Quarter ended June 30, 2026 March 31, 2026 Unaudited Unaudited (refer note 4(b),7) 1,147.05 1,106.99 467.70 502.34 576.60 571.59 2,191.35 2,180.92 2,191.35 2,180.92 413.62 409.46 359.63 363.61 461.18 461.81 1,234.43 1,234.88 (830.13) (796.61) (69-27) 89.20 81.71 424.23 519.98 29,448.13 28,298.18 17,083.43 15,609.27 27,054.08 27,320.01 2,510.71 2,547.30 76,096.35 73,774 .76 14,810.09 14,013.52 856.57 1,150.51 1,337.71 1,895.66 53,218.98 51 ,352.79 70,223.35 68,412.48 - 'Student Accommodation· segment which owns, operates and manages student accommodation for Higher Education Institutions - 'K12 Schools' segment which leases school properties (land and buildings) to school operators The operating segments have been reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker. SIGNED FOR IDENTIFICATION BY SR BC & CO LLP MUMBAI June 30, 2025 Unaudited (refer note 4(b), 7) 1,002.75 494.97 171.16 1,668-88 1,668.88 534.55 360.38 117.65 1,012.58 (654.48) 1,085.74 92.00 1,535.84 22,439.16 15,874.43 11,095.21 2,679.73 52,088.53 18,778.04 833.47 546.79 28,044.75 48,203.05 Year ended March 31, 2026 Audited (refer note 4(b)) 4,018.19 1,986.73 1,668_14 7,673.06 7,673.06 1,682.82 1,457.71 1,348.97 4,489.50 (3,086.76) 1,049.19 399.84 2,851.77 28,298.18 15,609.27 27,320.01 2,547.30 73,774.76 14,013.52 1,150.51 1,895.66 51 ,352.79 68,412 .48
Page 7
Notes: 1 The above unaudited consolidated financial results of Elevate Campuses Limited (formerly known as Good Host Spaces Limited) ("the Holding Company") and its subsidiaries (collectively "the Group") for the quarter ended June 30, 2026 (the "Statement") have been reviewed and recommended for adoption by the Audit Committee to the Board of Directors and have been approved by the Board at its meeting held on October 19, 2026. The statutory auditor of the Holding Company have carried out the limited review of the consolidated financials result for the quarter ended June 30, 2026. 2 This Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, (Ind AS 34) Interim Financial Reporting prescribed under section 133 of Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted In India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3 During the quarter ended June 30, 2026, the Holding Company has granted 21,50,000 stock options (ESOPs) to eligible employees of the Group under the Elevate Campuses Limited Employee Stock Option Scheme 2025 (the "Scheme"). Accordingly, the Group has recognised related expense amounting to Rs. 26.52 million in the statement of profit and loss for the quarter ended June 30, 2026. No ESOPs have been exercised during the quarter ended June 30, 2026. 4 Subsequent events: (a) On September 30, 2026, the equity shares of the Holding Company were listed on Bombay Stock Exchange ('BSE' ) and National Stock Exchange ('NSE'). As part of the Initial Public Offering ("IPO") , the Company has issued 58.01 million fresh equity shares of face value of Rs. 1 each for cash, at a price of Rs. 362.00 per equity share (including securities premium of Rs. 361 per equity share) aggregating to Rs. 21,000.00 million. Out of the total issue proceeds, Rs. 11 ,000.00 million has been subsequently utilised for acquisition of SPVs, Rs. 7,500.00 million will be utilised towards investment in existing subsidiaries for repayment of their existing debt and the balance Rs. 2,500.00 million will be utilised towards general corporate purposes, including share issue expenses. Pursuant to the !PO, the aforementioned Statement for the quarter ended June 30, 2026, is drawn up for the first time in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. (b) Subsequent to the quarter ended June 30, 2026, the Holding Company has completed acquisition of 14 K-12 entities pursuant to Securities Purchase Agreements dated September 24, 2025 (as amended) for a cash consideration of Rs. 11 ,156.80 million, majorly funded out of lPO proceeds. Pursuant to consummation of the said acquisitions, these K-12 entities have become subsidiaries of the Holding Company. Being entities under common control, the Holding Company has accounted the said transaction w.e. f. October 13, 2023 in accordance with Appendix C to Ind AS 103 'Business Combinations· and has accordingly restated the financial information for the prior periods presented in the Statement, with the difference between the purchase consideration and the carrying value of net assets acquired being recognised as Capital Reserve. 5 Exceptional items (gain / (loss)) comprise of the followi ng: Particulars Impairment loss on intangible assets and goodwill pursuant to termination of customer contracts Gain on sale of hostel undertaking Transaction cost incurred pursuant to business combination Impact of new Labour Codes Total June 30, 2026 (69.27) (69.27) Quarter ended March 31, 2026 June 30, 2025 1,094.42 (8.68) 1,085,74 Year ended March 31, 2026 1,094.42 (32.02) (13.21) 1,049.19 6 During the quarter and year ended March 31, 2026, a subsidiary company had recognised deferred tax asset of Rs. 159.87 million owing to change in the tax base of investment properties pursuant to change in the income tax head under which its income is offered to tax. 7 The figures for the quarter ended June 30, 2025 and March 31, 2026, have not been audited or reviewed by statutory auditors. Further, the said figures for the quarter ended March 31, 2026 included in the Statement are the balancing figures between the audited figures in respect of full financial year ended March 31 , 2026 and the figures (unaudited / unreviewed) up to the end of the third quarter ended December 31 , 2025. However, the management has exercised necessary due diligence to ensure that the said figures for the quarter ended June 30, 2025 and March 31, 2026, provide a true and fair view of the Group's affairs. For and on behalf of the Board of Directors of Elevate Campuses Limited ~ as Good Host Spaces Limited) Vinod Rao Whole-time Director & Chief Financial Officer DIN: 11291901 Place of Signature: Mumbai Date: October 19, 2026 SIGNED FOR IDENTIFICATION BY ' s ABC & CO LLP MUMBAI
Page 8
SR BC& COLLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar ( West) Mumbai • 400 028 , India Tel : +91226819 8000 Independent Auditor's Review Report on the Quarterly Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Elevate Campuses Limited (formerly known as Good Host Spaces Limited) 1. We have reviewed the accompanying statement of unaudited standalone financial results of Elevate Campuses Limited (formerly known as Good Host Spaces Limited) (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. SR BC & co LLP. a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office: 22. Camac Street, Block '8', 3rd Floor, Kolkata-700 0 16
Page 9
SR BC& CO LLP Chartered Accountants Elevate Campuses Limited Page 2 of 2 5. The Ind AS financial information of the Company for the quarters ended June 30, 2025 and March 31, 2026, included in these unaudited standalone Ind AS financial results have not been subject to an audit or review. For S R 8 C & CO LLP Chartered Accountants !CAI Firm registration number: 324982E/E300003 per an Acharya Partner Membership No.: 124790 UDIN: 26124790WLWRFW7990 Mumbai October 19, 2026
Page 10
1 2 3 4 5 6 7 8 9 10 11 12 Elevate Campuses Limited (formerly known as Good Host Spaces Limited) CIN : U74994MH2005PLC339336 Naman Midtown, Unit No 902-906, 9th Floor, Tower B, Senapati Bapat Marg, Lower Pare!, Mumbai 400 013, Maharashtra, India Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2026 All figures are in Rupees millions unless stated otherwi se Particulars Income Revenue from operatio ns Other income Total income Expenses Employee benefits expense (refer note 3) Other expenses Total expenses Earnings before depreciation , amortisation, finance costs, exceptional items and tax Depreciation and amortisation expenses Finance costs Profit before exceptional items and tax Exceptional items (gain/(loss )) (refer note 6) Profit before tax Tax expenses (a) Current tax (b) Deferred tax Total tax expense Net profit for the period / year Other comprehensive income Items that will not be reclassifi ed subsequently to profit and loss Remeasurements gain / (loss) on defined benefit plans Tax on remeasurements gain / (loss) on defined benefit plans Equity instruments at fair vatue through other comprehensive income Total other comprehensive income/ (loss) for the period/ year (net of tax) Total comprehensive income for the period/ year Paid up equity share capital (face value of Rs. 1 each) Other equity Earnings per equity share (in INR) (not annualised): (a) Basic (b) Diluted Quarter ended June 30, 2026 March 31, 2026 June 30, 2025 Unaudited Unaudited Unaudited (refer note 7) ( refer note 7) 307. 98 305.16 326.69 198.54 185.01 111 .99 506.52 490.17 438.68 102.18 77.01 47.24 125.91 142.83 93.93 228 .09 219.84 141.17 278.43 270.33 297 . 51 31.92 31.06 27.17 190.15 162.64 126.60 56.36 76.63 143. 74 1,094.42 56.36 76.63 1,238.16 22.35 18.60 45.00 0.65 10.00 240.00 23.00 28.60 285 .00 33.36 48.03 953.16 (2.38) 0.60 0.45 (1.33) - 33.36 46.70 953 . 16 22.11 22.11 22.11 0.38 0.54 10.78 0.31 0.45 10.78 \ SIG~JED FOR 1ornTIFICATION , BY ' SR BC & CO LLP MUMBAI Year ended March 31, 2026 Audited 1,253. 88 507.92 1,761.80 216.12 535.64 751.76 1,010.04 110.85 741 .67 157.52 1,092.63 1,250.15 106.20 251 .97 358. 17 891.98 (3.14) 0.79 0.45 (1.90) 890.08 22.11 8,973.46 10.09 9.14
Page 11
Notes: 1 The above unaudited standalone financial results of Elevate Campuses Limited (formerly known as Good Host Spaces Limited) (the "Company") for the quarter ended June 30, 2026 (the "Statement") have been reviewed and recommended for adoption by the Audit Committee to the Board of Directors and have been approved by the Board at its meeting held on October 19, 2026. The statutory auditor of the Company have carried out the limited review of the standalone financials result for the quarter ended June 30, 2026. 2 This Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, (Ind AS 34) Interim Financial Reporting prescribed under section 133 of Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted In India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3 During the quarter ended June 30, 2026,the Company has granted 21,50,000 stock options (ESOPs) to eligible employees of the Company and its subsidiaries under the Elevate Campuses Limited Employee Stock Option Scheme 2025 (the "Scheme"). Accordingly, the Company has recognised related expense amounting to Rs. 24.18 million in the statement of profit and loss for the quarter ended June 30, 2026. No ESOPs have been exercised during the quarter ended June 30, 2026. 4 Subsequent events: (a) On September 30, 2026, the equity shares of the Company were listed on Bombay Stock Exchange ('SSE') and National Stock Exchange ('NSE' ). As part of the Initial Public Offering ("IPO") , the Company has issued 58.01 million fresh equity shares of face value of Rs. 1 each for cash, at a price of Rs. 362.00 per equity share (including securities premium of Rs. 361 per equity share) aggregating to Rs . 21,000.00 million. Out of the total issue proceeds, Rs . 11,000.00 million has been subsequently utilised for acquisition of SPVs, Rs. 7,500.00 million towards investment in existing subsidiaries for repayment of their existing debt and the balance Rs. 2,500.00 million will be utilised towards general corporate purposes, including share issue expenses. Pursuant to the IPO, the Statement of Company for the quarter ended June 30, 2026, is drawn up for the first time in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. (b) Subsequent to the quarter ended June 30, 2026, the Company has acquired 100% equity shares of 14 SPVs for a cash consideration of Rs. 11 ,156.80 million pursuant to Securities Purchase Agreements dated September 24, 2025 entered between the Company and erstwhile shareholders of these SPVs. s The Company has only one operating segment i.e. Student Accommodation. Hence, disclosure under Ind AS 108 "Operating Segments" are not applicable. 6 Exceptional items (gain / (loss)) comprise of the following: Particulars Gain on sale of hostel undertaking Impact of new Labour Codes Total June 30, 2026 Quarter ended March 31, 2026 June 30, 2025 1,094.42 1,094 .42 Year ended March 31 , 2026 1,094.42 (1.79) 1,092 .63 7 The figures for the quarter ended June 30, 2025 and March 31 , 2026, have not been audited or reviewed by statutory auditors. Further, the said figures for the quarter ended March 31 , 2026 included in the Statement are the balancing figures between the audited figures in respect of full financial year ended March 31, 2026 and the figures (unaudited / unreviewed) up to the end of the third quarter ended December 31, 2025. However, the management has exercised necessary due diligence to ensure that the said figures for the quarter ended June 30, 2025 and March 31, 2026, provide a true and fair view of the Company's affairs . ' I \ For and on behalf of the Board of Directors of Elevate Campuses Limited (formerly known as Good Host Spaces Limited) Vined Rao Whole-time Director & Chief Financial Officer DIN: 11291901 Place of Signature: Mumbai Date: October 19, 2026 SIGNED FOR IDENTIFICATION BY SR BC & CO LLP MUMBAI