JINDAL HOTELS LIMITED

Key Quantitative Figures

  • Revenue from Operations & Other Income: ₹4,872.13 lakhs (PY: ₹4,874.44 lakhs)
  • Total Expenditure: ₹3,527.57 lakhs (PY: ₹3,684.53 lakhs)
  • Profit Before Depreciation, Interest and Tax: ₹1,344.56 lakhs (PY: ₹1,189.91 lakhs)
  • Finance Cost: ₹396.41 lakhs (PY: ₹487.75 lakhs)
  • Depreciation & Amortization: ₹493.56 lakhs (PY: ₹500.53 lakhs)
  • Profit Before Tax (before exceptional item): ₹454.59 lakhs
  • Exceptional Item: ₹79.11 lakhs (impact of new Labour Codes)
  • Profit Before Tax: ₹375.48 lakhs (PY: ₹201.63 lakhs)
  • Tax Expense: ₹164.04 lakhs (PY: ₹86.03 lakhs)
  • Net Profit After Tax: ₹211.44 lakhs (PY: ₹115.59 lakhs)
  • Other Comprehensive Income: ₹5.83 lakhs (PY: ₹3.46 lakhs)
  • Total Comprehensive Income: ₹217.27 lakhs (PY: ₹119.05 lakhs)
  • Total Borrowings: ₹4,759.66 lakhs (PY: ₹5,113.11 lakhs)
  • Long-term Borrowings: ₹4,012.38 lakhs (PY: ₹4,456.62 lakhs)
  • Equity Share Capital: ₹700.00 lakhs (70,00,000 shares of ₹10 each)
  • Employee Strength: 184 employees as on March 31, 2026

41st Annual General Meeting Details

  • Date: Tuesday, 22nd September 2026
  • Time: 2:00 p.m. IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Venue: Registered Office at GRAND MERCURE Vadodara Surya Palace, Sayajigunj, Vadodara

AGM Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26

2. Re-appointment of Mrs. Chanda Agrawal (DIN: 00010909) who retires by rotation

Special Business:

3. Re-appointment of Ms. Palak Gandhi (DIN: 09185223) as Independent Director for second term of 5 years from 12 July 2027 to 11 July 2032

4. Approval of Material Related Party Transactions for acquisition of immovable property from related parties

Material Related Party Transaction Details

  • Parties: Mr. Piyush Shah (Managing Director) and Ms. Chanda Agrawal (Non-executive Director)
  • Property: Immovable property at Bhimnath Road, Sayajigunj, Vadodara (Municipal Corporation census No. 6/13/22200)
  • Area: 2,015 square meters
  • Consideration: Not exceeding ₹18,93,80,000 (₹18.94 crore) or prevailing jantri/fair market value
  • Current Status: Company possesses the land as lessee under registered Lease Deed dated 17.02.2001 expiring on 05.05.2030
  • Purpose: To consolidate ownership of entire land and superstructure, eliminate uncertainties, and strengthen titles
  • Valuation: Conducted by M/s. Hitesh Shah & Associates, Vadodara (Registered Government Valuers)
  • Approvals: Audit Committee approved on 24th July 2026, Board approved subject to shareholder approval

Financial Performance Highlights

  • Revenue remained stable at ₹4,872.13 lakhs compared to previous year
  • Significant improvement in profitability driven by cost optimization and reduced finance costs
  • Operating profit margin improved to 17.47% from 14.14% in previous year
  • Return on Net Worth improved to 8.58% from 5.14% in previous year
  • Debt-Equity ratio improved to 1.93 from 2.28 in previous year

Operational Developments

  • Undertook renovation of base category guest rooms to align with market trends
  • Continued brand partnership with Accor under Grand Mercure brand since June 2017
  • Maintained association with Accor providing global distribution network and loyalty program benefits
  • EV charging stations installed to support lower-emission mobility

Borrowings and Security

  • Primary banking relationship with HDFC Bank Ltd
  • Secured by registered mortgage over Company's leasehold and freehold land
  • Personal guarantees of directors and leasehold land owners
  • No defaults in repayment of principal or interest during the year

Dividend and Reserves

  • No dividend recommended for FY 2025-26 to conserve internal resources
  • No amount transferred to General Reserves due to insufficient profits
  • Retained earnings to be utilized for strengthening balance sheet and funding capacity augmentation

Corporate Governance

  • Board comprises 6 directors (5 non-executive, including 3 independent directors)
  • Four board meetings held during the year
  • All mandatory committees constituted: Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee
  • Unmodified audit opinion from statutory auditors M/s. Modi & Joshi
  • Clean secretarial audit report from M/s. KSPS & Co. LLP

Regulatory Compliances

  • Filed all necessary documents with Ministry of Corporate Affairs
  • Complied with all applicable SEBI Listing Regulations
  • No material orders passed by regulators/courts impacting going concern status
  • No pending insolvency proceedings under IBC 2016

Shareholding Pattern

  • Promoter holding: 70.96%
  • Public holding: 29.04%
  • Dematerialized shares: 98.54%
  • Physical shares: 1.46%

Forward-looking Statements

The Management Discussion & Analysis contains forward-looking statements regarding industry growth opportunities, potential benefits from proposed Indo-Canadian Industrial Park near Vadodara, and expected positive impact from BCA Stadium cricket events. Actual results may differ due to external factors beyond management's control.

Important Dates

  • AGM Date: 22nd September 2026
  • Book Closure: 16th September 2026 to 22nd September 2026
  • Cut-off Date for E-voting: 15th September 2026
  • Remote E-voting Period: 19th September 2026 (9:00 a.m.) to 21st September 2026 (5:00 p.m.)