Board Meeting Details
The Board of Directors meeting was held on May 29, 2026, commencing at 12:30 PM and concluding at 1:25 PM.
Key Business Transacted
1. Approval of Financial Results: Considered, approved and adopted the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended March 31, 2026.
2. Internal Auditor Re-appointment: Considered and approved the re-appointment of M/s Marv & Associates LLP, Chartered Accountants, New Delhi, as Internal Auditor for FY 2026-27.
Financial Results Overview (Standalone - Rs. in Lakhs)
Quarter Ended March 31, 2026 (Audited):
- Revenue from Operations: ₹3,297.29
- Other Income: ₹49.29
- Total Income: ₹3,346.58
- Total Expenses: ₹2,773.59
- Profit Before Tax: ₹572.99
- Tax Expense: ₹218.27 (Current Tax: ₹35.20, Deferred Tax: ₹253.47)
- Profit for the Period: ₹354.72
- Other Comprehensive Income: ₹5.45
- Total Comprehensive Income: ₹360.17
- Basic EPS: ₹1.54
- Diluted EPS: ₹1.54
Year Ended March 31, 2026 (Audited):
- Revenue from Operations: ₹11,692.63
- Other Income: ₹152.88
- Total Income: ₹11,845.51
- Total Expenses: ₹10,068.77
- Profit Before Tax: ₹1,776.74
- Tax Expense: ₹606.36 (Current Tax: ₹35.20, Deferred Tax: ₹641.56)
- Profit for the Year: ₹1,170.38
- Other Comprehensive Income: ₹3.78
- Total Comprehensive Income: ₹1,174.16
- Basic EPS: ₹5.19
- Diluted EPS: ₹5.19
- Paid Up Equity Share Capital: ₹2,323.37 lakhs (232.337 lakh shares of ₹10 each)
- Other Equity: ₹17,037.55
Comparative Performance
Revenue Comparison (Year Ended):
- March 31, 2026: ₹11,692.63 lakhs
- March 31, 2025: ₹11,769.55 lakhs
Profit Comparison (Year Ended):
- March 31, 2026: ₹1,170.38 lakhs
- March 31, 2025: ₹1,079.45 lakhs
Balance Sheet Position (Standalone as at March 31, 2026)
- Total Assets: ₹49,097.81 lakhs
- Non-Current Assets: ₹43,392.11 lakhs (including Property, Plant & Equipment)
- Current Assets: ₹5,705.70 lakhs (including Inventories: ₹1,533.29, Cash & Cash Equivalents: ₹1,325.97)
- Shareholders' Funds: ₹19,360.92 lakhs
- Non-Current Liabilities: ₹23,342.10 lakhs (including Borrowings: ₹22,325.70)
- Current Liabilities: ₹6,394.79 lakhs
Cash Flow Statement (Standalone FY26)
- Net Cash from Operating Activities: ₹4,547.22 lakhs
- Net Cash used in Investing Activities: ₹(93.26) lakhs
- Net Cash used in Financing Activities: ₹(3,592.39) lakhs
- Net increase in Cash: ₹861.57 lakhs
- Closing Cash & Cash Equivalents: ₹1,325.97 lakhs
Consolidated Results
Includes associate Parsvnath HB Projects Private Limited (49% shareholding). Consolidated results substantially similar to standalone results with no material difference in profit share from associate.
Internal Auditor Re-appointment
M/s Marv & Associates LLP re-appointed as Internal Auditor for FY 2026-27. Brief profile indicates they provide management consultancy, valuation, audit services, direct tax consultancy, corporate law, and GST services. No relationships with directors disclosed.
Capital Structure Changes
- On April 17, 2024: 15,00,000 Convertible Warrants (Warrant B) allotted at ₹65.25 per warrant (₹978.75 lakhs total) to Non-Promoter Category
- During FY 2025-26: Warrant holders exercised option and 15,00,000 Equity Shares (₹10 face value) allotted
- 7,50,000 shares allotted on July 15, 2025
- 7,50,000 shares allotted on October 14, 2025
- Total amount of ₹978.75 lakhs utilized for intended purposes
Labour Code Impact
- Government notified implementation of four Labour Codes effective from November 21, 2025 (central rules effective May 8, 2026)
- Company recognized provision of ₹36.24 lakhs towards gratuity/leave encashment under Employee Benefit Expenses
- Impact recognized based on ICAI guidance and current available information
Segment Information
Company has only one reportable primary segment - Hospitality business. Segmental reporting not applicable.
Additional Notes
- Figures regrouped/reclassified for comparability
- Quarterly figures are balancing figures between audited annual and unaudited quarterly published results
- Audit Committee and Board approved results on May 29, 2026