Board Meeting Details

The Board of Directors meeting was held on 05th November, 2026, commencing at 2:30 PM and concluding at 6:15 PM. Mr. Luv Malhotra, Managing Director of the Company, chaired the meeting.

Key Approvals

  • Approved unaudited financial results (Standalone and Consolidated) for the second quarter and half-yearly period ended 30th September, 2026
  • The results include Limited Review Report of the Statutory Auditors
  • Results will be published in English and Hindi newspapers as per Regulation 47 requirements
  • Results available on company website: https://chl.co.in/

Financial Results Overview (in ₹ Lacs)

Standalone Performance:

  • Q2 FY2027 Total Income: ₹273.98 crore (vs ₹245.08 crore in Q1 FY2027)
  • Q2 FY2027 Profit Before Tax: ₹50.57 crore (vs ₹40.53 crore in Q1 FY2027)
  • Q2 FY2027 Net Profit: ₹37.83 crore (vs ₹29.44 crore in Q1 FY2027)
  • H1 FY2027 Total Income: ₹519.06 crore
  • H1 FY2027 Profit Before Tax: ₹91.09 crore
  • H1 FY2027 Net Profit: ₹67.27 crore
  • EPS (Basic & Diluted) for Q2: ₹0.69; H1: ₹1.23

Consolidated Performance:

  • Q2 FY2027 Total Income: ₹423.91 crore (vs ₹496.99 crore in Q1 FY2027)
  • Q2 FY2027 Profit Before Tax: ₹29.85 crore (vs ₹112.47 crore in Q1 FY2027)
  • Q2 FY2027 Net Profit: ₹17.11 crore (vs ₹101.38 crore in Q1 FY2027)
  • H1 FY2027 Total Income: ₹920.90 crore
  • H1 FY2027 Profit Before Tax: ₹142.31 crore
  • H1 FY2027 Net Profit: ₹118.49 crore
  • EPS (Basic & Diluted) for Q2: ₹1.66; H1: ₹10.06

Critical Emphasis Matter - EXIM Bank Litigation

The auditors highlighted a significant litigation matter regarding a loan from EXIM Bank:

  • CJSC CHL International (subsidiary) availed term loan of USD 32.50 million from EXIM Bank for hotel construction in Dushanbe, Tajikistan
  • CHL Limited provided corporate guarantee; Late Dr. L K Malhotra provided personal guarantee
  • One Time Settlement (OTS) executed for USD 34 million (₹34 crore) vide EXIM Bank approval letter dated 23.11.2023
  • Economic Court of Dushanbe crystallized liability at USD 34 million vide judgment dated 12.12.2023 in Case No. 52/2023
  • OTS was extended multiple times but last extension expired on 30.09.2026
  • Company has requested further extension but not granted as of auditor's report date (05.11.2026)

Legal Proceedings Status

  • EXIM Bank filed applications in Transfer Application No. 221/2022 (vs Dr. Lalit Kumar Malhotra) and Transfer Application No. 224/2022 (vs CHL Limited) before Debt Recovery Tribunal-III
  • Civil Appeal No. 1671/2019 pending before Supreme Court of India challenging NCLAT judgment dated 16.01.2019
  • Next hearing date in DRT-III: 30th November 2026
  • EXIM Bank originally claimed USD 44,611,207 plus interest

Subsidiary Performance

CJSC CHL International financial highlights:

  • Total assets: ₹875.24 crores as at 30th September 2026
  • Q2 revenue: ₹14.99 crore; H1 revenue: ₹40.18 lakh
  • Q2 net loss: ₹(2.07) crore; H1 net profit: ₹5.12 crore
  • Recognized foreign exchange fluctuation gains of ₹7.37 crore (Q2) and ₹43.30 crore (H1)
  • Cash flow (net): ₹1.05 crore for H1 period

Foreign Exchange Impact

  • Subsidiary recognized foreign currency fluctuation gain of ₹43.30 crore for H1 period
  • Gain due to appreciation of Tajikistani Somoni against USD
  • Treated as Other Comprehensive Income under "OCI- Foreign Currency Translation Reserve"

Segment Information

  • Company operates in one segment only (hospitality)
  • No separate reportable segments as per Ind AS-108

Cash Flow Position (H1 FY2027)

Standalone:

  • Net cash from operating activities: ₹97.03 crore
  • Net cash used in investing activities: ₹25.31 crore
  • Net cash used in financing activities: ₹(19.04) crore
  • Cash & cash equivalents closing: ₹494.71 crore

Consolidated:

  • Net cash from operating activities: ₹1,224.43 crore
  • Net cash used in investing activities: ₹(993.46) crore
  • Net cash used in financing activities: ₹(117.12) crore
  • Cash & cash equivalents closing: ₹520.21 crore

Assets and Liabilities Position (as at 30.09.2026)

Standalone:

  • Total assets: ₹2,278.34 crore
  • Shareholders' funds: ₹2,020.05 crore
  • Non-current liabilities: ₹129.84 crore
  • Current liabilities: ₹128.46 crore

Consolidated:

  • Total assets: ₹10,328.87 crore
  • Shareholders' funds: ₹4,770.05 crore
  • Non-current liabilities: ₹3,151.32 crore
  • Current liabilities: ₹2,407.50 crore

Additional Information

  • Paid-up equity share capital: ₹109.64 crore (face value ₹2 each)
  • Financial impact of EXIM Bank matter not quantified in disclosure
  • Results reviewed by Audit Committee and approved by Board
  • Figures regrouped/rearranged where necessary