Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Audit Opinion:

Audit Report issued with unmodified opinion on the Financial Results for the financial year ended March 31, 2026 by M/s. J. G. Verma & Co., Chartered Accountants.

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: ₹3,550.53
  • Total Income: ₹3,632.49
  • Net Profit: ₹1,171.09
  • EPS: ₹1.27 (Basic and Diluted)

Year ended March 31, 2026:

  • Revenue from Operations: ₹10,670.65 (compared to ₹10,740.75 in previous year)
  • Total Income: ₹11,020.31 (compared to ₹11,120.62 in previous year)
  • Net Profit: ₹2,386.34 (compared to ₹2,643.55 in previous year)
  • EPS: ₹2.58 (Basic and Diluted) (compared to ₹2.86 in previous year)
  • Other Equity: ₹49,667.63 (compared to ₹6,293.25 in previous year)
  • Cash and Cash Equivalents: ₹168.16 (compared to ₹1,105.26 in previous year)
  • Debt: Short-term borrowings of ₹129.79 (compared to nil in previous year)

Land Revaluation Details:

The Board considered two valuation reports for company-owned land at Varca, Goa:

Whitestone Valuers Report (Adopted):

  • Resort Land (89,936 sq.mt): ₹429.82 crores
  • Telephone Exchange Land (1,963 sq.mt): ₹8.75 crores
  • Additional FSI Value: ₹33.28 crores
  • Total Market Value: ₹471.85 crores (USD 49.85 million at 1 USD = INR 94.65)

ANVI Advisors Report:

  • Resort Land: ₹436.00 crores
  • Telephone Exchange Land: ₹8.81 crores
  • Additional FSI Value: ₹40.06 crores
  • Total Fair Value: ₹484.87 crores

The Board adopted the conservative Whitestone valuation. The land was historically recorded at ₹2.56 crores cost. The incremental revaluation gain of ₹427.26 crores has been recognized as Revaluation Surplus in Other Equity.

Accounting Policy Change:

Changed accounting policy for land from historical cost model to revaluation model as permitted by Ind AS 8 read with Ind AS 16, effective from March 31, 2026.

Corporate Actions:

Dividend:

  • Declared Second Interim Dividend @ 40% i.e. ₹0.80 per equity share of face value ₹2/- each
  • Record Date: Friday, May 29, 2026
  • Payment Date: By June 20, 2026
  • Dividend will be paid after deducting TDS as per Income Tax Act
  • Total interim dividend outgo for FY 2025-26: ₹1,663.90 lakhs (Previous year: ₹1,756.33 lakhs)

Internal Auditors:

  • Re-appointed M/s. BDO India LLP as Internal Auditors for financial year 2026-2027

Other Significant Information:

Exceptional Items:

  • FY26 includes one-time impact of ₹90.98 lakhs for past service cost in respect of incremental gratuity and leave liability
  • Arising from change in wage definition pursuant to notifications by Ministry of Labour & Employment dated November 21, 2025 regarding New Labour Codes

Segment Information:

  • No segment-wise disclosure as hoteliering is the only business segment
  • Business seasonality noted - Q4 results not indicative of full year performance

Assets and Liabilities Position as at March 31, 2026 [₹ in Lakhs]:

  • Total Assets: ₹54,386.76 (Previous year: ₹10,781.91)
  • Property, Plant and Equipment: ₹47,064.25 (Previous year: ₹4,376.26)
  • Current Investments: ₹3,999.24 (Previous year: ₹1,507.91)
  • Total Equity: ₹51,516.40 (Previous year: ₹8,142.02)
  • Equity Share Capital: ₹1,848.77 (unchanged)
  • Other Equity: ₹49,667.63 (Previous year: ₹6,293.25)

Cash Flow Statement for Year ended March 31, 2026 [₹ in Lakhs]:

  • Net cash from operating activities: ₹2,340.27
  • Net cash used in investing activities: ₹(1,624.63)
  • Net cash used in financing activities: ₹(1,652.74)
  • Net decrease in cash: ₹(937.10)