Considering the emerging situation in the wake of the second wave of COVID-19 in India and thetravel / movement restrictions (inter district / interstate and intrastate) imposed by the respective State Government Authorities, the Company has, over the last two weeks, suspended the operations in most of the Resorts for the time being. The re-opening of the resorts will be guided by the easing of travel / movement restrictions by respective State Government Authorities.

As a result, the business of the Company will get impacted and it is difficult to quantify the expected impact at this point of time.