Financial Performance Highlights (₹ Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Gross Revenue | 14,490.33 | 14,066.82 |

| Profit Before Tax | 5,806.43 | 5,810.97 |

| Profit After Tax | 4,323.89 | 4,324.95 |

| Total Comprehensive Income | 4,316.39 | 4,296.95 |

| Retained Earnings | 18,964.90 | 14,973.51 |

| Total Assets | 25,678.77 | 19,539.40 |

| Net Worth | 21,262.98 | 17,271.59 |

| Earnings Per Share (₹) | 332.61 | 332.69 |

| Net Worth Per Share (₹) | 1,635.61 | 1,328.58 |

Dividend Declaration

  • Board recommended dividend of ₹25 per equity share (250%) for FY 2025-26
  • Record Date: Thursday, July 16, 2026
  • Payment Date: On or after Monday, August 3, 2026 (if approved at AGM)
  • Total dividend outflow: ₹325 lakhs
  • Dividend will be subject to TDS deduction as per Income Tax Act, 2025

Annual General Meeting Details

  • Date: Thursday, July 23, 2026
  • Time: 3:00 PM IST
  • Mode: Virtual through Video Conferencing/Other Audio-Visual Means
  • Venue: Deemed to be at Registered Office, Taj Ganges, Nadesar Palace Compound, Varanasi - 221002

AGM Agenda

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Declaration of dividend of ₹25 per equity share

3. Re-appointment of Dr. Anant Narain Singh (DIN: 00114728) who retires by rotation

Special Business

4. Appointment of Mr. Rajendra Misra (DIN: 07493059) as Non-Executive Director

5. Appointment of Mr. Anupam Chaturvedi (DIN: 08377992) as Independent Director for 5 years (April 29, 2026 to April 28, 2031)

6. Payment of commission to directors not exceeding 3% of net profits

Director Changes

  • Mr. Beejal Desai resigned as Non-Executive Director effective April 29, 2026
  • Mr. Rajendra Misra appointed as Additional Director (Non-Executive) effective April 29, 2026
  • Mr. Anupam Chaturvedi appointed as Additional Director (Independent) effective April 29, 2026
  • Mr. Vishal Singh resigned as CEO effective November 25, 2025
  • Mr. Sumit Singh appointed as new CEO effective February 24, 2026

Key Management Personnel (as of March 31, 2026)

  • Mr. Sumit Singh - Chief Executive Officer
  • Mr. Veeramani Venkata - Chief Financial Officer
  • Ms. Vanika Mahajan - Company Secretary

Operational Highlights

  • Total Income: ₹14,490.33 lakhs (Previous year: ₹14,066.82 lakhs)
  • Gross Operating Profit (EBIDTA): ₹6,543 lakhs (Previous year: ₹6,452 lakhs)
  • Added 100 new rooms at Taj Ganges, Varanasi, increasing total inventory from 130 to 230 rooms
  • Capital expenditure: ₹6,009.81 lakhs (Previous year: ₹1,883.68 lakhs)
  • Manpower: 398 employees as on March 31, 2026 (Previous year: 297)
  • No borrowings as on March 31, 2026

Corporate Governance

  • Board comprises 6 Non-Executive Directors (3 Independent, including one Woman Director)
  • 5 Board meetings held during the year
  • Four Board Committees: Audit and Risk Management, Nomination and Remuneration, CSR and Sustainability, Stakeholders' Relationship

Related Party Transactions

  • All transactions with related parties were in ordinary course of business and at arm's length
  • No materially significant related party transactions
  • Management fees paid to IHCL: ₹1,147.07 lakhs (Previous year: ₹1,105.61 lakhs)

Dividend Distribution Process

  • Electronic dividend payment mandatory for all shareholders
  • Physical shareholders must submit KYC documents by July 10, 2026
  • Demat shareholders must update bank mandates with Depository Participants by July 10, 2026
  • TDS will be deducted as per Income Tax Act provisions

E-Voting Arrangements

  • Remote e-voting period: July 19, 2026 (9:00 AM) to July 22, 2026 (5:00 PM)
  • Cut-off date for voting rights: July 16, 2026
  • NSDL appointed as e-voting service provider
  • Mr. Arvind Kohli appointed as Scrutinizer

Other Disclosures

  • CSR expenditure: ₹92.69 lakhs (against requirement of ₹92.68 lakhs)
  • Unclaimed dividend of ₹3,94,500 for FY 2017-18 transferred to IEPF
  • No material orders passed by regulators/courts affecting going concern status
  • Vigil mechanism/whistle blower policy in place
  • Three complaints received under POSH Act during the year, all addressed and closed

Financial Position

  • Cash and cash equivalents: ₹341.26 lakhs (Previous year: ₹1,702.94 lakhs)
  • Trade receivables: ₹555.86 lakhs (net of provision) (Previous year: ₹403.91 lakhs)
  • Inventories: ₹199.12 lakhs (Previous year: ₹105.35 lakhs)
  • No outstanding borrowings (Previous year: Nil)

#Tags: #BenaresHotels #AnnualReport #FY2026 #Dividend #AGM #SEBIDisclosure #Hospitality #Neutral