Company Overview
The Byke Hospitality Limited (CIN: L67190MH1990PLC056009) is a publicly listed hospitality company incorporated in 1990, operating as India's first pure vegetarian chain of hotels and resorts across India. The company filed its Annual Report for FY 2025-26 along with notice for its 36th Annual General Meeting.
Financial Performance Highlights
The company reported strong financial results for FY26 with net profit surging 46% to ₹6.70 crore (₹670.45 lakhs) compared to ₹4.59 crore in FY25. Total income reached ₹108.16 crore with revenue from operations growing to ₹106.69 crore (₹11,244.84 lakhs) from ₹96.64 crore in the previous year. Basic EPS improved to ₹1.28 from ₹0.90.
Key Financial Metrics:
- EBITDA: ₹48.75 crore with 45% margin
- Net Worth: ₹231.47 crore
- Total Debt: ₹16.75 crore
- Cash and Cash Equivalents: ₹3.97 crore
- Return on Capital Employed: 15.59%
- Return on Equity: 2.90% (vs 2.05% in FY25)
- Debt Equity Ratio: 0.07 times (vs 0.05 times in FY25)
- Current Ratio: 3.95 times
No dividend was recommended for FY26 to conserve resources for expansion projects.
Business Operations and Expansion Strategy
The company operates 35+ hotels and resorts across 12 states and 22 cities with over 1740+ rooms, following an asset-light model through ownership, long-term lease, and management contracts. Key properties include The Byke Suraj Plaza (Thane), The Byke Heritage Resort (Matheran), and properties in Goa and Mahabaleshwar.
The company has an ambitious vision to scale to 100 properties nationwide, having acquired 4-5 new properties during FY26 that will soon be operational. Expansion focuses on metropolitan cities, Tier 1 and Tier 2 markets, and tourist destinations.
Annual General Meeting Details
The 36th AGM is scheduled for September 26, 2026, at 10:30 AM at Hotel ICONIQA, Mumbai. Key agenda items include:
- Adoption of audited financial statements for FY26
- Re-appointment of Mr. Pramod Kumar Patodia as director retiring by rotation
- Re-appointment of Mr. Anil Chothmal Patodia as Chairman and Managing Director for 5 years with remuneration of ₹60 lakhs per annum
Key Dates:
- Cut-off date for voting: September 18, 2026
- E-voting period: September 23-25, 2026
- Register of Member closure: September 20-26, 2026
Corporate Governance and Management
The Board comprises 6 directors: 2 Executive Directors (Mr. Anil Chothmal Patodia as Chairman & MD, Mr. Pramod Kumar Patodia as Executive Director), 3 Non-Executive Independent Directors, and 1 Non-Executive Non-Independent Director. Key Managerial Personnel include Mr. Girdhari Kyal (CFO) and Mr. Mihir Dhadve (Company Secretary from July 27, 2026).
Capital Structure and Shareholding
Authorized Capital: ₹53.40 crore (5,34,00,000 equity shares of ₹10 each)
Paid-up Capital: ₹52.28 crore (5,22,79,300 equity shares)
About 99.92% of paid-up equity share capital has been dematerialized as of March 31, 2026.
Auditors and Compliance
Statutory Auditor: M/s Billimoria Mehta & Co. (appointed till conclusion of 37th AGM)
Secretarial Auditor: M/s Suman Sureka & Associates
Internal Auditor: M/s Maheshwari Maheshwari & Co
The company has complied with all regulatory requirements including audit trail implementation, proper utilization of borrowed funds, and no benami property holdings or crypto currency transactions.
Corporate Social Responsibility
CSR expenditure of ₹7.50 lakhs exceeded the prescribed requirement of ₹6.21 lakhs, focused on health and environment initiatives primarily through Sunil Patodia Welfare Foundation.
Related Party Transactions
Directors remuneration totaled ₹141.85 lakhs (FY26) vs ₹108.37 lakhs (FY25). Rent expenses were ₹105.69 lakhs, with deposits of ₹125.00 lakhs given to related parties.
Employee Benefits
The company employed 1,123 employees (increased from 978). Employee benefit expenses totaled ₹174.42 lakhs, with gratuity obligation of ₹75.06 lakhs and discount rate assumption of 7.65% p.a.