Financial Performance Summary (₹ in Lakhs)

Standalone Results:

  • Revenue from Operations: ₹7,831.52 (PY: ₹4,597.55)
  • Other Income: ₹3,791.17 (PY: ₹2,253.50)
  • Total Revenue: ₹11,622.69 (PY: ₹6,851.05)
  • Profit Before Tax: ₹24.07 (PY: Loss ₹106.92)
  • Net Profit: ₹42.96 (PY: Loss ₹169.91)
  • Earnings Per Share: ₹0.03 (PY: Loss ₹0.10)

Consolidated Results:

  • Revenue from Operations: ₹7,831.53 (PY: ₹4,601.44)
  • Other Income: ₹3,791.17 (PY: ₹2,728.71)
  • Total Revenue: ₹11,622.70 (PY: ₹7,330.15)
  • Loss Before Tax: ₹1,782.29 (PY: Profit ₹479.30)
  • Net Loss: ₹1,763.40 (PY: Profit ₹437.93)

Auditor's Opinion and Key Findings

P. Murali & Co., Chartered Accountants issued an unmodified opinion on both standalone and consolidated financial statements. Key emphasis matters include:

  • Investments in 26 subsidiaries (13 domestic, 13 international) held at historical cost rather than fair value
  • Accounting software lacks audit trail facility, though company is in process of enabling this feature
  • Internal financial controls deemed adequate and effective

Regulatory Compliance Observations

Secretarial Auditor (R & A Associates) noted multiple compliance issues:

  • Delay in filing various e-forms (DPT-3, MSME-1, AOC-4 XBRL, MGT-14, MGT-15, CHG-4)
  • Delay in payment of annual listing fees to NSE and BSE by 31 days
  • Non-compliance with SEBI LODR regulations regarding website disclosures, QR codes, and insider trading regulations
  • Non-maintenance of structured digital database for UPSI

AGM Details and Corporate Governance

Meeting Date: September 30, 2026 at 2:00 PM IST via Video Conferencing

Record Date: September 23, 2026

E-voting Period: September 27-29, 2026

Agenda Items:

  • Adoption of Audited Standalone and Consolidated Financial Statements
  • Re-appointment of Y. Rajeev Reddy as Director
  • Special resolution to continue Y. Rajeev Reddy's employment as Chairman & MD beyond age 70 until March 2029

Director Remuneration (FY 2025-26):

  • Y. Rajeev Reddy (CMD): ₹24,00,000
  • Y. Siddharth Reddy (VC, JMD & CEO): ₹18,00,000
  • Y. Varun Reddy (VC, JMD & COO): ₹18,00,000

Significant Financial and Operational Challenges

Debt and Defaults:

  • Overdue loan of ₹271.65 lakhs from Noida Authority reported as Non-Performing Asset
  • Secured loans include ₹271.65 lakhs against Plot No. N-14, Sector-18, Noida

Contingent Liabilities:

  • Disputed tax dues totaling ₹4,640.14 lakhs pending resolution:
  • Income Tax: ₹2,514.76 lakhs (AY 2011-12 to 2021-22)
  • Service Tax & GST: ₹1,339.78 lakhs (2005-2014)

Asset Impairment:

  • Recognized impairment loss of ₹2,561.54 lakhs on goodwill during the year
  • Wrote back ₹441 lakhs of long-outstanding creditor balances

Subsidiary and Investment Status

Company maintains 26 subsidiaries, most of which are non-operational and non-performing. No material subsidiaries as per definition. Investments in subsidiaries total ₹5,689.58 lakhs carried at historical cost.

Employee Information

  • Total permanent employees: 816 as on March 31, 2026
  • 205 employees retrenched during FY 2025-26
  • Median remuneration: ₹1,92,000 per annum
  • No sexual harassment complaints during the year

Forward-looking Statements and Outlook

Management discusses positive industry trends in hospitality sector with expected 7-9% growth in FY 2026-27, though near-term performance may be affected by geopolitical developments in West Asia. No dividend declared for FY 2025-26 due to losses.