Board Meeting Details

The Board of Directors meeting was held on October 17, 2026, from 4:30 PM to 5:20 PM at the company's registered office in Ahmedabad. The meeting considered and approved:

  • Standalone unaudited Financial Results for quarter and half year ended September 30, 2026
  • Limited Review Report on the unaudited Standalone Financial Results for the same period

Financial Results Overview

Half Year Ended September 30, 2026 (Unaudited)

  • Net Income: ₹29.29 lakhs (compared to ₹39.01 lakhs in H1 FY2025)
  • Total Assets: ₹10,854.82 lakhs (compared to ₹11,225.30 lakhs as of March 31, 2026)
  • Total Equity: ₹7,756.08 lakhs
  • Total Liabilities: ₹3,300.63 lakhs (Non-current: ₹619.67 lakhs, Current: ₹2,680.96 lakhs)

Key Asset Components (H1 FY2026)

  • Property, Plant and Equipment: ₹1,381.38 lakhs
  • Financial Assets: Various components totaling ₹8,548.13 lakhs
  • Current Assets: ₹8,713.93 lakhs
  • Cash and Cash Equivalents: ₹77.89 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Operating Activities: Net cash from operations ₹314.17 lakhs (vs negative ₹305.83 lakhs in H1 FY2025)
  • Depreciation and amortization: ₹261.64 lakhs
  • Interest and finance charges: ₹58.01 lakhs
  • Interest Income: ₹40.71 lakhs
  • Investing Activities: Net cash inflow ₹26.18 lakhs
  • Purchases of Fixed Assets/Investments: ₹14.53 lakhs
  • Interest Earned: ₹40.71 lakhs
  • Financing Activities: Net cash outflow ₹333.09 lakhs
  • Repayment of long-term borrowing: ₹10.18 lakhs
  • Proceeds from short-term borrowing: ₹5.11 lakhs
  • Payments of Lease Liability: ₹270.00 lakhs
  • Interest paid: ₹58.01 lakhs

Auditor's Review

Prakash Tekwani & Associates, Chartered Accountants (FRN: 120253W), conducted a limited review of the financial results as per Standard on Review Engagement (SRE) 2410. The review report dated October 17, 2026, states that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement or fail to disclose information required under SEBI Regulation 33.

Additional Notes

1. The company operates in a single reportable segment - Hospitality/Hotels Business

2. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

3. Figures for previous periods have been regrouped and reclassified for comparability

4. The Audit Committee reviewed and recommended the results before board approval