Sunday Proptech Limited

Sunday Proptech — Business Model (FY26) The core idea: In hotels, the landlord owns the building and the operator runs it. Sunday decided to be both — buy underperforming hotels, put them on its own balance sheet, renovate them, and operate them itself. Own the asset, own the operations, keep the full economics. Three ways it holds property: Mode What it means FY26 figure Own Buys the building, takes real estate risk and operating upside PPE ₹4,590 cr + CWIP ₹14 cr — mostly US Lease Long-term leases, no acquisition capital deployed ROU assets ₹1,660 cr against lease liabilities ₹2,171 cr — mostly Dubai and UK Manage Third-party capital owns the asset, Sunday runs it Sub-leases ₹497 cr, lease receivables ₹482 cr What it deliberately doesn't build: brands and technology. Those are rented from the OYO/PRISM group — Motel 6 and Studio 6 in the US via G6 Hospitality, and Sunday Hotels, Palette and Townhouse elsewhere. Total cost in FY26: royalty ₹2.11 cr + management fees ₹0.28 cr = ₹2.4 cr, against a ₹7,117 cr asset base. The division of labour: Sunday brings PRISM/OYO brings Capital and acquisition risk — ₹3,203 cr of borrowings Consumer brands The buildings and the leases Booking and distribution Refurbishment and repositioning Pricing and property-management tech Staffing, service standards, cost control How it makes money — revenue from operations ₹269 cr: Rental income — ₹223 cr (from owning and leasing property) Sale of accommodation services — ₹46 cr (from actually running hotels) Other operational revenue — ₹0.5 cr Where it earns: Dubai ₹179 cr · US ₹46 cr · UK ₹39 cr · India ₹6 cr What it built in FY26: acquired 38 US hotel properties for ₹3,178 cr (USD 343.51 million), being converted to extended-stay format under Motel 6 and Studio

6Since acquisition these contributed revenue of ₹44 cr and a loss before tax of ₹28.6 cr. Gulf operations run through OYO Proptech Hotel Management L.L.C, which contributed ₹26 cr of profit. How it funds growth: equity plus asset-backed debt. FY26 saw ₹239 cr raised through private placement (170,439,446 shares) and borrowings of ₹3,203 cr, secured principally against the properties financed. Consolidated net worth ₹1,350 cr. The result: total income ₹306 cr, profit before tax ₹15.3 cr, profit after tax ₹13.5 cr — after absorbing depreciation of ₹150 cr and finance costs of ₹115 cr. Total assets grew from ₹2.55 cr to ₹7,117 cr in a single year. Where it's headed: an increasing share of the portfolio via management and long-term lease arrangements, where third-party capital funds the asset and Sunday earns from running it. Ownership as the foundation, management as the extension.