Board Meeting Details

The Board meeting was held on July 27, 2026, starting at 4:30 PM and concluding at 5:15 PM at the company's registered office in Ahmedabad. The meeting addressed three key agenda items:

  • Approval of standalone unaudited financial results for quarter ended June 30, 2026
  • Approval of limited review report on the unaudited standalone financial results
  • Re-appointment of Mr. Nishit Bharatbhai Popat (DIN: 09279612) as Non-Executive Independent Director for a second term of 5 years effective August 14, 2026, subject to shareholder approval at the ensuing Annual General Meeting

Financial Results (Standalone)

Quarter Ended June 30, 2026 (Current Quarter):

  • Revenue from Operations: ₹8.33 crore
  • Other Income: ₹3.75 crore
  • Total Income: ₹8.70 crore
  • Total Expenses: ₹8.51 crore (including Cost of materials: ₹2.30 crore, Employee benefits: ₹1.50 crore, Depreciation: ₹1.30 crore, Finance costs: ₹3.15 lakh, Other expenses: ₹3.09 crore)
  • Profit before tax: ₹19.40 lakh
  • Tax expenses: ₹0.00 (Current tax: ₹0.00, Deferred tax: ₹0.00)
  • Net Profit: ₹19.40 lakh
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹19.40 lakh
  • Basic EPS: ₹0.07
  • Diluted EPS: ₹0.07

Quarter Ended June 30, 2025 (Previous Year Quarter):

  • Revenue from Operations: ₹10.43 crore
  • Other Income: ₹3.14 crore
  • Total Income: ₹10.74 crore
  • Total Expenses: ₹10.40 crore
  • Profit before tax: ₹34.50 lakh
  • Tax expenses: -₹3.74 lakh (Current tax: -₹4.85 lakh, Deferred tax: ₹1.11 lakh)
  • Net Profit: ₹38.24 lakh
  • Other Comprehensive Income: ₹3.95 lakh
  • Total Comprehensive Income: ₹42.19 lakh
  • Basic EPS: ₹0.13
  • Diluted EPS: ₹0.13

Quarter Ended March 31, 2026 (Previous Quarter):

  • Revenue from Operations: ₹8.87 crore
  • Other Income: ₹2.28 crore
  • Total Income: ₹9.10 crore
  • Total Expenses: ₹8.92 crore
  • Profit before tax: ₹18.39 lakh
  • Tax expenses: ₹0.00
  • Net Profit: ₹18.39 lakh
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Income: ₹18.39 lakh
  • Basic EPS: ₹0.06
  • Diluted EPS: ₹0.06

Capital Structure

  • Paid-up equity share capital: ₹29.29 crore (Face value ₹10 per share)
  • Reserves excluding revaluation reserves as per previous accounting year's balance sheet: Not quantified in disclosure

Director Re-appointment Details

Mr. Nishit Bharatbhai Popat has been re-appointed as Non-Executive Independent Director for a second 5-year term effective August 14, 2026, subject to shareholder approval. His profile indicates:

  • Qualifications: B.Com, M.Com, LL.B., LLM (Gold Medalist), MBA
  • Expertise: Corporate laws, labor law, SEBI laws, IPR laws, FEMA, RBI regulations
  • Experience: Over 10 years as Corporate Law Consultant through proprietorship firm M/s. NP & Associates
  • Relationship: Not related to any other director of the company
  • Compliance: Not debarred from directorship under SEBI orders or Section 164 of Companies Act, 2013

Auditor Review

Prakash Tekwani & Associates (FRN: 120253W) conducted a limited review of the unaudited standalone financial results as required under Regulation 33. Their review report, dated July 27, 2026, states that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Additional Information

  • The company operates in only one reportable segment: Hospitality/Hotels Business
  • Financial figures for previous periods have been regrouped/reclassified where necessary
  • The company has adopted Indian Accounting Standards (Ind AS)
  • The financial results were reviewed by the Audit Committee and taken on record by the Board of Directors