Date: May 19, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on May 19, 2026, commencing at 12:15 p.m. and concluding at 3:45 p.m.

Key decisions:

  • Approved audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026
  • Approved to dissolve the Risk Management Committee with immediate effect as the committee was voluntarily constituted and not mandatorily required under Regulation 21 of SEBI (LODR) Regulations, 2015
  • The Company will reconstitute the committee at relevant time as and when required under Regulation 21

Financial Results (Standalone)

Income Statement (₹ in lakhs)

Year Ended March 31, 2026:

  • Total Income: 879.51
  • Total Expenses: 300.71
  • Profit/(Loss) before exceptional items: 578.80
  • Exceptional items: (1,017.58)
  • Profit/(Loss) before tax: (438.78)
  • Tax expense: 3.44
  • Net Profit/(Loss) for the year: (442.22)
  • Other Comprehensive income/(loss): (13.69)
  • Total Comprehensive income for the year: (455.91)

Quarter Ended March 31, 2026:

  • Net Profit/(Loss) for the quarter: (0.55)
  • Total Comprehensive income for the quarter: (0.55)

Earnings Per Share (Face Value of ₹10/- per share):

  • Basic: (0.82)
  • Diluted: (0.82)

Balance Sheet Highlights (₹ in lakhs)

As at March 31, 2026:

  • Paid-up equity share capital: 5,394.29
  • Other Equity: 93,765.58
  • Total Equity: 99,160.87
  • Non-current liabilities: 16,898.81
  • Current liabilities: 2,26,965.00
  • Total Liabilities: 3,43,024.68
  • Non-current assets: 1,57,601.59
  • Current assets: 379.70
  • Non-current assets held for sale: 1,85,043.39
  • Total Assets: 3,43,024.68

Financial Results (Consolidated)

Income Statement (₹ in lakhs)

Year Ended March 31, 2026:

  • Revenue from operations: 38,759.87
  • Other income: 363.13
  • Total income: 39,123.00
  • Total expenses: 32,656.80
  • Profit before exceptional items and share of loss of joint venture: 6,466.20
  • Exceptional items: 1,958.47
  • Share of profit from joint venture: 26.30
  • Profit before tax: 8,450.97
  • Tax expense: 1,911.11
  • Profit for the year: 6,539.87
  • Other Comprehensive income: 118.27
  • Total Comprehensive income for the year: 6,658.13

Quarter Ended March 31, 2026:

  • Profit for the quarter: 366.85
  • Total Comprehensive income for the quarter: 373.08

Earnings Per Share (not annualized for interim period):

  • Basic: 11.71
  • Diluted: 11.71

Balance Sheet Highlights (₹ in lakhs)

As at March 31, 2026:

  • Equity share capital: 5,394.29
  • Other Equity: 85,045.24
  • Equity attributable to owners: 90,439.52
  • Non-controlling interest: 11,809.37
  • Total Equity: 1,02,248.89
  • Non-current liabilities: 79,214.97
  • Current liabilities: 2,17,845.82
  • Total Liabilities: 3,99,309.68
  • Non-current assets: 2,27,374.78
  • Current assets: 6,482.63
  • Non-current assets held for sale: 1,65,452.27
  • Total Assets: 3,99,309.68

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Disinvestment / Strategic Actions

1. Divestment of Marine Tower Properties LLP: During the year ended March 31, 2026, the Company divested its entire 100% interest in Marine Tower Properties LLP. Consequently, Marine Tower ceased to be a subsidiary from the date of sale.

2. Transfer of Bamboo Hotel & Global Centre (Delhi) Private Limited: During the year ended March 31, 2026, the Board approved the transfer of its investment in and loan to Bamboo Hotel & Global Centre (Delhi) Private Limited to Valor Estate Limited. Shareholder approval via Postal Ballot was received subsequent to March 31, 2026 and lender NOC is in process.

3. Assets Held for Sale Classification: Capital Work-in-Progress (land) of ₹218,750 lakhs has been reclassified as "Assets held for Sale" under Ind AS 105. This asset pertains to land formally approved for transfer to Advent Convention Hotels International Limited, a wholly-owned subsidiary.

Other Operational / Legal / Strategic Disclosures

1. Composite Scheme of Arrangement: Pursuant to the Composite Scheme of Arrangement sanctioned by NCLT, Mumbai Bench (order dated June 12, 2025), the hospitality business of Valor Estate Limited was demerged into the Company with effect from Appointed Date of April 1, 2025 (Effective Date: July 1, 2025).

2. Preference Share Redemption Extension: The Company's 8% Redeemable Non Cumulative Preference Shares redemption date was extended from February 5, 2026 to February 5, 2029. Consequent to this modification, the preference share liability has been remeasured under Ind AS 109.

3. Framework Agreement: The Company along with Advent Convention & Hotels International Limited and Prestige Group entered into a framework agreement to develop a 1.50 million sq.ft. leasable area commercial complex at Sahar, Mumbai, wherein Prestige Group is to infuse ₹50,400 lakhs for its 50% equity. Prestige Falcon Realty Venture Pvt.Ltd has already advanced ₹6,000 lakhs.

4. Subsidiary Matters:

  • Goan Hotels & Realty Private Limited wrote off assets with aggregate net written-down value of ₹317.96 lakhs
  • Subsidiaries have disputed tax and GST demands aggregating to ₹1,112.88 lakhs and ₹1,478.08 lakhs respectively
  • Debt restructuring with Asset Reconstruction Company resulted in waiver of ₹4,783.47 lakhs