Key Financial Figures (₹ in lakhs)

FY 2025-26 Performance:

  • Total Income: ₹2,438.31 (compared to ₹2,524.89 in FY 2024-25)
  • Profit Before Financial Charges, Depreciation and Income Tax: ₹546.80 (compared to ₹616.10 in FY 2024-25)
  • Financial Charges: ₹69.28 (compared to ₹72.76 in FY 2024-25)
  • Depreciation: ₹145.55 (compared to ₹116.78 in FY 2024-25)
  • Profit Before Tax: ₹331.67 (compared to ₹426.56 in FY 2024-25)
  • Provision for Income Tax: ₹78.74 (compared to ₹106.92 in FY 2024-25)
  • Deferred Tax Income/(Expense): ₹13.74 income (compared to ₹9.41 expense in FY 2024-25)
  • Net Profit After Tax: ₹239.19 (compared to ₹310.23 in FY 2024-25)
  • Other Comprehensive Income: ₹(2.51) (compared to ₹(1.51) in FY 2024-25)
  • Profit Available for Appropriation: ₹236.68 (compared to ₹308.72 in FY 2024-25)

Operational Performance:

  • Average Occupancy: 85% (increased from 79% in FY 2024-25)
  • Average Room Rate: ₹6,064 (increased from ₹5,682 in FY 2024-25)
  • Turnover: ₹2,438.31 lakhs (compared to ₹2,524.89 lakhs in FY 2024-25)

Balance Sheet Position (as at March 31, 2026):

  • Property, Plant & Equipment: ₹2,615.43 lakhs
  • Capital Work in Progress: ₹175.67 lakhs
  • Non-current Investments: ₹285.00 lakhs (28,50,000 equity shares of National Hotels Limited)
  • Long-term Loans: ₹330.00 lakhs (Inter Corporate Deposit)
  • Cash and Cash Equivalents: ₹472.56 lakhs
  • Bank Balances (other than cash): ₹1,406.18 lakhs
  • Total Assets: ₹7,477.54 lakhs
  • Share Capital: ₹1,983.22 lakhs (19,832,200 equity shares of ₹10 each)
  • Reserves and Surplus: ₹4,386.11 lakhs
  • Long-term Borrowings: ₹252.76 lakhs
  • Current Liabilities: ₹739.00 lakhs

Dates of Action

  • AGM Date: September 28, 2026 at 3:30 PM through video conference
  • Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
  • E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Cut-off Date for E-voting: September 21, 2026
  • CFO Change: Mr. Devraj Singh Chauhan resigned on June 3, 2025; Ms. Sonu Shah appointed on June 4, 2025
  • Board Meetings: 6 meetings held during FY 2025-26 on May 29, 2025; June 4, 2025; August 12, 2025; September 2, 2025; November 13, 2025; and February 12, 2026

Parties Involved

Board of Directors:

  • Mr. Vishwajeet Singh U. Champawat (Chairman and Managing Director, DIN: 00519755)
  • Mrs. Mrinalini Singh (Non-Executive Director)
  • Mr. Surendra Khemka (Independent Director)
  • Mrs. Ranju Bhati (Independent Director)
  • Mr. Jayesh V. Dave (Independent Director)

Key Managerial Personnel:

  • Mr. Vishwajeet Singh U. Champawat (Chairman and Managing Director)
  • Ms. Seema Kalwani (Company Secretary and Compliance Officer)
  • Mrs. Sonu Shah (Chief Financial Officer)

Auditors and Professionals:

  • Statutory Auditors: M/s. Naimish N Shah & Co, Chartered Accountants
  • Secretarial Auditor: Mrs. Rupal Patel, Practicing Company Secretary
  • Internal Auditor: Mr. Harish Kumar Maheshwari, Chartered Accountant
  • Registrar and Share Transfer Agent: M/s. MCS Share Transfer Agent Limited

Corporate Governance and Compliance

Board Evaluation:

The Board carried out annual performance evaluation of its own performance, directors individually, and working of its committees.

Committee Composition:

  • Audit Committee: 3 members (all Non-Executive Independent Directors)
  • Nomination and Remuneration Committee: 3 members (all Non-Executive Independent Directors)
  • Stakeholders' Relationship Committee: 3 members (all Non-Executive Independent Directors)
  • Corporate Social Responsibility Committee: 3 members (1 Executive Director, 1 Non-Executive Independent Director, 1 Non-Executive Non-Independent Director)

Secretarial Audit Findings:

The secretarial audit report noted one non-compliance: "100% Promoters' holding of the Company is not in Demat form. However, as per Regulation 31(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the entire promoters' holding of the Company should be in Demat form only."

The company responded: "The Company has informed to the promoters about the mandatory requirement of their holding shall be in dematerialized mode only."

Corporate Social Responsibility

  • CSR Obligation for FY 2025-26: ₹10.93 lakhs (2% of average net profit of last three years)
  • CSR Amount Spent: ₹10.00 lakhs
  • CSR Areas: Healthcare and upliftment of weaker sections, promoting education and healthcare, environmental sustainability, rural development, welfare of underprivileged children, women empowerment

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 53.49% (10,608,790 shares)
  • Public Individual: 40.46% (8,023,695 shares)
  • NRI: 3.56% (706,027 shares)
  • Other Bodies Corporate: 2.39% (474,188 shares)
  • Financial Institution: 0.0983% (19,500 shares)

Dematerialization Status:

  • NSDL: 64.28%
  • CDSL: 26.96%
  • Physical Form: 8.76%

Dividend

No dividend declared for FY 2025-26.

Material Orders

There are no significant material orders passed by regulators/courts that would impact the going concern status of the Company.

Related Party Transactions

All related party transactions were on an arm's length basis and in the ordinary course of business. Transactions with directors and KMPs included:

  • Mr. Vishwajeet Singh U. Champawat: ₹43.15 lakhs (remuneration & perquisites)
  • Ms. Seema Kalwani: ₹4.83 lakhs (salary)
  • Ms. Sonu Shah: ₹2.75 lakhs (salary)
  • Mr. Devraj Singh Chauhan: ₹0.71 lakhs (salary)
  • Independent Directors: ₹0.09 lakhs (sitting fees)

Capital Structure

No changes in share capital during the year. Paid-up equity share capital remains at ₹19.83 crore.

Forward-looking Statements

The Management Discussion and Analysis contains forward-looking statements within the meaning of applicable securities laws, based on certain assumptions and expectations of future events over which the Company exercises no control.