Benares Hotels Limited disclosed the outcomes of its Board Meeting held on October 16, 2026, which commenced at 11:30 AM and concluded at 1:05 PM. The meeting addressed several key agenda items and included the submission of unaudited financial results for the quarter and half year ended September 30, 2026.

Board Decisions and Corporate Governance

  • The Board considered and took on record the Un-audited (Reviewed) Financial Results along with the Limited Review Report for the quarter/period ended September 30, 2026.
  • Approved the appointment of Mr. Satyajeet Krishnan (DIN: 07491453) as an Additional Non-executive, Non-Independent Director of the Company effective October 16, 2026.
  • Noted the resignation of Mr. Rohit Khosla (DIN: 07163135) as Non-executive, Non-Independent Director effective close of business hours on October 16, 2026, due to other business commitments and pre-occupations.

Financial Results Overview (Quarter Ended September 30, 2026)

Income Statement (₹ Lakhs):

  • Income from Operations: ₹3,152.14
  • Other Income: ₹130.32
  • Total Income: ₹3,282.46

Expenses Breakdown (₹ Lakhs):

  • Cost of Materials Consumed: ₹278.09
  • Employee Benefits Expense: ₹554.77
  • Operating Fee: ₹210.10
  • Fuel, Power and Light: ₹180.32
  • Depreciation and Amortisation Expense: ₹263.86
  • Finance Costs: ₹10.87
  • Other Expenditure: ₹909.98
  • Total Expenses: ₹2,407.99

Profitability (₹ Lakhs):

  • Profit before Exceptional Items: ₹874.47
  • Exceptional items: ₹0
  • Profit before tax: ₹874.47
  • Tax Expense: ₹218.75 (Income Tax: ₹208.65, Deferred Tax: ₹10.10)
  • Profit after tax from continuing operations: ₹655.72
  • Other Comprehensive Income (net of tax): (₹0.85)
  • Total Comprehensive Income: ₹654.87

Per Share Data:

  • Basic and Diluted EPS (not annualized): ₹50.44
  • Paid-up Equity Share Capital (Face value ₹10): ₹130.00 lakhs

Half Year Performance (Ended September 30, 2026)

Income Statement (₹ Lakhs):

  • Income from Operations: ₹6,541.06
  • Other Income: ₹262.95
  • Total Income: ₹6,804.01
  • Total Expenses: ₹4,822.18
  • Profit before tax: ₹1,981.83
  • Tax Expense: ₹501.24
  • Profit after tax: ₹1,480.59
  • Total Comprehensive Income: ₹1,481.21
  • Basic and Diluted EPS (not annualized): ₹113.89

Balance Sheet Position (As at September 30, 2026)

Assets (₹ Lakhs):

  • Total Assets: ₹25,946.22
  • Non-Current Assets: ₹15,970.52 (including Property, Plant and Equipment: ₹15,146.27)
  • Current Assets: ₹9,975.70 (including Cash and Cash Equivalents: ₹538.86, Other Balances with Banks: ₹7,951.93)

Equity and Liabilities (₹ Lakhs):

  • Total Equity: ₹22,419.19 (Equity Share capital: ₹130.00, Other Equity: ₹22,289.19)
  • Non-current Liabilities: ₹1,082.37
  • Current Liabilities: ₹2,444.66

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash From Operating Activities: ₹1,810.01
  • Net Cash Used In Investing Activities: (₹1,263.88)
  • Net Cash Used In Financing Activities: (₹348.53)
  • Net Increase in Cash and cash equivalents: ₹197.60
  • Closing balance of Cash and cash equivalents: ₹538.86

Regulatory and Compliance Information

  • The financial results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).
  • The results were reviewed by the Audit Committee and approved by the Board of Directors on October 16, 2026.
  • PKF Sridhar & Santhanam LLP conducted a limited review and issued an unqualified review report.
  • The disclosure is made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The company operates in a single business segment (Hoteliering), hence segment-wise disclosure is not provided.
  • The results are available on the Bombay Stock Exchange website (www.bseindia.com) and the company's website (www.benareshotelslimited.com).