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:
The statutory auditors, M/s G.K. Choksi & Co., Chartered Accountants, have issued an unmodified opinion on both the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026.
Auditor’s Comment:
The auditors drew attention to two key matters:
1. Material Uncertainty related to Going Concern: The company incurred a loss before exceptional items and tax for the year ended March 31, 2026, and its current liabilities exceeded its current assets as of that date. However, the financial results have been prepared on a going concern basis considering the recent equity issuance and management's assessment of improved future profitability.
2. Emphasis of Matter: Default in repayment of principal and interest aggregating to ₹59,326.48 lakhs and ₹23,709.15 lakhs (including penal interest of ₹10,496.18 lakhs net) respectively, with respect to borrowings. This was resolved through the issuance of fresh equity shares on a preferential basis amounting to ₹76,484.00 lakhs, utilized for repayment.
Key Financial Highlights [Unit: ₹ Lakhs]
Standalone Results:
For the Quarter Ended March 31, 2026:
- Revenue from Operations: 10,290.95 (vs. 9,150.91 in Q4 FY25; +12.5% YoY)
- Total Income: 10,346.14
- Net Profit: 3,130.59 (vs. 17,418.12 in Q4 FY25)
- EPS: ₹8.70 (Basic and Diluted)
For the Year Ended March 31, 2026:
- Revenue from Operations: 34,108.11 (vs. 31,819.24 in FY25; +7.2% YoY)
- Total Income: 34,925.30
- Net Loss: (10,224.96) (vs. Net Profit of 18,725.97 in FY25)
- EPS: (₹44.05) (Basic and Diluted)
- Other Equity: 50,176.32 (vs. (14,236.07) in FY25)
- Cash and Cash Equivalents: 18,348.84 (vs. 5,379.01 in FY25)
- Debt (Short-term + Long-term): 6,804.00 + 26,569.07 = 33,373.07
Consolidated Results:
For the Quarter Ended March 31, 2026:
- Revenue from Operations: 10,290.95
- Total Income: 10,346.14
- Net Profit: 3,129.84
- EPS: ₹8.70 (Basic and Diluted)
For the Year Ended March 31, 2026:
- Revenue from Operations: 34,108.11
- Total Income: 34,925.30
- Net Loss: (10,225.71)
- EPS: (₹44.05) (Basic and Diluted)
- Other Equity: 50,176.32
- Cash and Cash Equivalents: 18,353.84
Segment-wise Performance:
The company has a single operating segment: "Hotel Services".
Corporate Actions:
- Preferential Share Issue: Issued 2,31,80,000 equity shares of face value ₹10/- each at a price of ₹330 per share, amounting to ₹76,484.00 lakhs (net proceeds received: ₹75,494.00 lakhs). The funds were utilized to repay entire outstanding borrowings (including interest and penal interest).
- Dividend: Not declared.
Other Significant Information:
- Default Status: The company had defaulted on repayment of principal (₹59,326.48 lakhs) and interest (₹23,709.15 lakhs) on borrowings. This default stands fully resolved after the preferential issue and subsequent repayment.
- Going Concern Basis: Despite losses and negative working capital, management believes improved operating performance, cost optimization, and recent fund-raising will support future profitability and liquidity.
- Impact of Labour Codes: The incremental financial impact of the newly notified Labour Codes is assessed as not material for the current period. The company will evaluate the final impact once all Central/State Rules are notified.
- Subsidiary Update: AHNL Realty Private Limited was incorporated as a wholly-owned subsidiary on August 8, 2025. The holding company infused ₹5 Lakhs towards equity shares on February 8, 2026. This is the first time consolidated results are presented.
- Foreign Subsidiaries: Two foreign subsidiaries (Finsline Hospitality & Consultancy Pte Ltd, Mauritius and Lexen Hotels Venture Ltd, Mauritius) are not consolidated as they are under voluntary liquidation, resulting in loss of control.