Key Financial Figures (Amount in ₹ '000)

  • Revenue from operations: 129,976.55 (PY: 129,736.10)
  • Other Income: 1,514.92 (PY: 2,534.56)
  • Total Income: 131,491.47 (PY: 132,270.66)
  • Depreciation: 5,090.22 (PY: 5,434.76)
  • Finance Costs: 3,297.50 (PY: 5,025.79)
  • Expenses (including cost of sales and employees): 115,900.18 (PY: 117,183.58)
  • Profit before tax: 7,203.57 (PY: 4,626.53)
  • Tax Expense:
  • Deferred Tax: 1,960.19 (PY: 1,328.22)
  • Tax for earlier years: 2.98 (PY: 23.64)
  • Profit After Tax: 5,240.40 (PY: 3,274.67)
  • No dividend recommended for FY 2025-26
  • No transfer to general reserves

Material Changes and Commitments

Voluntary Delisting Proposal

The Board of Directors, at its meeting held on May 16, 2026, approved the proposal received from Shri. Vishamber Shewakramani & Smt. Nalini Shewakramani ("Acquirers") for voluntary delisting of equity shares from BSE Limited.

  • Necessary approval of public shareholders obtained through Special Resolution via Postal Ballot on June 24, 2026
  • Application submitted to BSE Limited seeking in-principle approval
  • Approval awaited at the time of report publication

Corporate Governance

Board Composition

  • Chairman & Independent Director: Saifuddin Attar
  • Independent Directors: Kapil Somani, Anirudh Hariani
  • Executive Director: Nalini Shewakramani
  • Directors: Gautam Shewakramani, Rahul Shewakramani
  • Managing Director & CFO: Vishamber Shewakramani

Key Managerial Personnel

  • Managing Director and CFO: Vishamber Shewakramani
  • Executive Director: Nalini Shewakramani
  • Company Secretary and Compliance Officer: Komal Bafna

Board Meetings

  • Board met 5 times during the year
  • Audit Committee met 4 times
  • Nomination and Remuneration Committee met 3 times
  • Stakeholders Relationship Committee met 1 time

Director Re-appointment

Shri. Rahul Shewakramani (DIN: 00021195) retires by rotation and offers himself for re-appointment at the AGM.

AGM Details

  • Date: September 26, 2026
  • Time: 11:00 AM IST
  • Mode: Video Conferencing/Other Audio Visual Means

Agenda

1. To receive, consider and adopt Audited Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. To appoint a Director in place of Shri. Rahul Shewakramani who retires by rotation

Voting Information

  • Remote e-voting period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • Cut-off date for determining voting rights: September 19, 2026
  • Scrutinizer: Ms. Jigyasa Ved of M/s Parikh & Associates, Practicing Company Secretaries

Auditors

  • Statutory Auditors: Khandelwal & Mehta LLP (re-appointed for another term of 5 years from 38th AGM)
  • Secretarial Auditors: Parikh & Associates, Practising Company Secretaries
  • Both auditors issued reports without any qualifications, reservations, or adverse remarks

Key Operational Highlights

  • Company completed 37 years of operations
  • Total income: ₹13,14,91,474 compared to ₹13,22,70,663 in previous year
  • Net profit: ₹52,40,404
  • Business segments: Hoteliering (primary) and Real Estate (pre-operative stage)
  • Resort property constructed on freehold and leasehold land in Silvassa
  • Management service agreement with M/s Mundra Enterprises Pvt. Ltd. for human resources

Capital Structure

  • Authorized Capital: 10,000,000 equity shares of ₹10 each + 200,000 preference shares of ₹100 each
  • Issued, Subscribed and Paid-up: 39,69,743 equity shares of ₹10 each fully paid-up (₹39,697.43 thousand)

Significant Accounting Policies

  • Property, Plant and Equipment: Measured at cost except Land and Building which follow revaluation model
  • Revenue Recognition: Upon rendering of service with evidence of arrangement
  • Leases: Operating lease payments recognized on straight-line basis
  • Financial Instruments: Classified and measured as per Ind AS 109

Related Party Transactions

  • Royalty payments: ₹400 each per year to Vishamber Shewakramani and Nalini Shewakramani
  • Remuneration to KMPs: Vishamber Shewakramani (₹3,600 thousand), Nalini Shewakramani (₹2,096.77 thousand)
  • Transactions conducted at arm's length

Subsequent Events

The Board meeting held on May 2, 2026, considered the proposal for voluntary delisting from BSE Limited, which constitutes a material subsequent event emphasized in the auditor's report.

Other Information

  • Resort Site: Survey No. 128, Hissa No. 1, Silvassa Naroli Road, Silvassa-396 230, Union Territory of Dadra & Nagar Haveli
  • Main Banker: Indian Bank
  • Registrar & Share Transfer Agent: Satellite Corporate Services Private Limited

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