The Board considered and approved the following matters:
1. Un-Audited Financial Results for Q1 FY27
The Board approved the Un-Audited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report issued by the statutory auditors, M/s B G G & Associates, Chartered Accountants.
Financial Highlights (Quarter Ended June 30, 2026):
- Total Income: ₹276.29 lakh (Previous quarter: ₹453.04 lakh; Year-ago quarter: ₹321.79 lakh)
- Revenue from Operations: Not separately quantified in disclosure
- Other Income (Net): ₹268.31 lakh
- Total Expenses: ₹345.29 lakh
- Purchase of Stock-in-Trade: ₹53.41 lakh
- Employee Benefit Expenses: ₹114.06 lakh
- Finance Cost: ₹7.00 lakh
- Depreciation & Amortisation: ₹23.12 lakh
- Other Expenses: ₹147.70 lakh
- Profit Before Tax: Loss of ₹69.00 lakh (Previous quarter: Profit of ₹54.00 lakh; Year-ago quarter: Loss of ₹46.53 lakh)
- Tax Expense: ₹0.00 (No current or deferred tax provision)
- Profit for the Period: Loss of ₹69.00 lakh
- Earnings Per Share (Basic & Diluted): -₹0.76
- Paid-Up Equity Share Capital: ₹911.32 lakh (Face Value of ₹10 each)
The financial results are available on the company's website (www.howardhotelsltd.com) and on BSE's website (www.bseindia.com).
2. Auditor's Qualified Review Report
The statutory auditors, M/s B G G & Associates, issued a qualified conclusion on the financial results. They drew attention to Note 5, which states that "the provision for Deferred Tax has not been made for the quarter ended 30/06/2026 as the Company makes provision of deferred tax at the end of the financial year." The auditors stated that in the absence of assessment, they are unable to ascertain the impact of this qualification on the quarterly results.
3. Board's Report and AGM Approval
The Board approved the Board's Report for the financial year ended March 31, 2026, and the notice convening the 37th Annual General Meeting (AGM). The 37th AGM will be held through Video Conferencing/Other Audio Visual Means on Friday, September 04, 2026, at 11:30 A.M. (IST).
4. Registered Office Shift Proposal
The Board approved, subject to necessary approvals, the proposal for shifting the Registered Office of the Company from the National Capital Territory of Delhi to the State of Uttar Pradesh. This proposal is subject to approval of shareholders, the Regional Director (Northern Region), Ministry of Corporate Affairs, and other statutory/regulatory approvals as required under Sections 12, 13 and other applicable provisions of the Companies Act, 2013.
The disclosure was signed by Muskan Garg, Company Secretary & Compliance Officer, and the financial results were signed by Nirvikar Nath Mittal, Whole Time Director (DIN: 00536470).