Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Capacity Expansion

Audit Opinion:

Clean - Limited Review Report states nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Auditor’s Comment:

The auditors drew attention to the fact that figures for the 3 months ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter of the previous financial year, which had only been subjected to limited review.

Key Financial Highlights [₹ lakhs]:

Standalone Results:

Revenue from Operations: Not explicitly disclosed in the provided data

Total Income: Not explicitly disclosed in the provided data

EBITDA: Not disclosed

Net Profit: ₹1,292 lakhs for quarter ended June 30, 2026 (11% increase YoY)

EPS: Not disclosed

Other Equity: Not disclosed

Cash and Cash Equivalents: Not disclosed

Debt: Not disclosed

Consolidated Results:

The Company does not have any subsidiary/associate/joint venture companies, therefore consolidated financial results are not required.

Segment-wise Performance:

Disclosure of segment-wise information is not applicable as hoteliering is the Company's only business segment.

Corporate Actions:

Dividend: The Board of Directors at its meeting held on May 23, 2026, approved payment of second Interim Dividend of ₹0.80 (40%) per share of face value of ₹2 for the year ended March 2026. The outgo was ₹739.51 lakhs, distributed to shareholders on June 20, 2026.

Other Significant Information:

Capacity Expansion: The board approved capacity addition/expansion by adding additional keys (28-56 rooms) at the Company's hotel, Caravela Beach Resort, Goa, subject to necessary approvals.

Investment Requirements: Approximately ₹75 lakhs per key

Mode of Financing: Internal Accruals

Implementation Timeline: Within 2 years after receipt of requisite approvals

Rationale: To enhance revenue from large weddings and corporate MICE movements in combination with new banquet facilities (16,530 square feet) and a new event pool currently being built.

Existing Capacity: 196 hotel keys

Existing Capacity Utilization: 73.4%

Business Seasonality: In view of the seasonality of the business, the financial results for the quarter ended June 30, 2026 are not indicative of the full year's performance.

Expense Increase: Other expenses for the quarter ended June 30, 2026 were higher than the corresponding quarter of the previous year due to:

  • Higher diesel prices (increased from approximately ₹88 to ₹137 per litre amid geopolitical developments in the Gulf region)
  • Enhanced repair and maintenance activities at the resort
  • Training costs associated with implementing new hotel systems ('OPERA' Property Management System, 'Symphony' Point of Sale software)

Exceptional Items: For the quarter and year ended March 31, 2026, represent recognition of past service cost arising from incremental gratuity and leave liability in accordance with provisions of the New Labour Codes.

Revaluation Surplus: Disclosed under Other Comprehensive Income (OCI) for the quarter and year ended March 31, 2026, pertains to revaluation of the Company's freehold land in Goa based on valuation by an independent registered valuer.