Board Meeting Details

The Board of Directors meeting was held on September 08, 2026 from 04:00 PM to 05:00 PM. Key approvals included:

  • Convening the 17th Annual General Meeting (AGM) on September 30, 2026 at 02:00 PM through video conferencing/other audio-visual means
  • Approval of notice for the 17th AGM
  • Approval of Annual Report for FY ended March 31, 2026
  • Appointment of Mr. Varun Kabra, Proprietor of Varun Kabra and Associates, as Scrutinizer for remote e-voting and voting during AGM
  • Closure of Share Transfer Book and Register of Members from September 24, 2026 to September 30, 2026 (both days inclusive) for the AGM

Annual General Meeting Agenda

Ordinary Businesses:

1. Adoption of standalone audited financial statements for FY ended March 31, 2026

2. Adoption of consolidated audited financial statements for FY ended March 31, 2026

3. Re-appointment of Mr. Rafiuddin Khan (DIN: 10672343) as Director who retires by rotation

Special Business:

4. Appointment of Mr. Varun Kabra as Secretarial Auditor for 5 years from FY 2026-27 and approval of his remuneration

Financial Performance Highlights (Standalone)

FY 2025-26 vs FY 2024-25 (Amount in ₹ Lakhs):

  • Revenue from Operations: ₹3,740.58 (Prev: ₹3,000.97)
  • Other Income: ₹6.02 (Prev: ₹5.36)
  • Total Revenue: ₹3,746.60 (Prev: ₹3,006.33)
  • Cost of Service: ₹3,280.07 (Prev: ₹2,473.26)
  • Employee Benefit Expenses: ₹122.62 (Prev: ₹107.92)
  • Finance Costs: ₹3.26 (Prev: ₹2.07)
  • Depreciation & Amortization: ₹4.98 (Prev: ₹4.89)
  • Administration & other expenses: ₹60.75 (Prev: ₹51.87)
  • Profit Before Tax: ₹274.92 (Prev: ₹366.32)
  • Current Tax: ₹69.09 (Prev: ₹98.92)
  • Tax relating to earlier period: ₹49.87 (Prev: Nil)
  • Deferred Tax: ₹0.18 credit (Prev: ₹1.16 charge)
  • Profit After Tax: ₹155.78 (Prev: ₹266.23)
  • Basic and Diluted EPS: ₹3.35 (Prev: ₹5.32)

Financial Performance Highlights (Consolidated)

FY 2025-26 vs FY 2024-25 (Amount in ₹ Lakhs):

  • Revenue from Operations: ₹4,864.99 (Prev: ₹4,014.44)
  • Other Income: ₹6.02 (Prev: ₹5.36)
  • Total Revenue: ₹4,871.01 (Prev: ₹4,019.80)
  • Cost of Service: ₹3,639.83 (Prev: ₹2,770.83)
  • Employee Benefit Expenses: ₹219.11 (Prev: ₹226.28)
  • Finance Costs: ₹3.26 (Prev: ₹2.07)
  • Depreciation & Amortization: ₹9.06 (Prev: ₹9.09)
  • Other expenses: ₹251.97 (Prev: ₹193.14)
  • Profit Before Tax: ₹747.78 (Prev: ₹818.38)
  • Current Tax: ₹69.09 (Prev: ₹98.92)
  • Tax relating to earlier period: ₹49.87 (Prev: Nil)
  • Deferred Tax: ₹0.18 charge (Prev: ₹1.16 charge)
  • Profit After Tax: ₹628.63 (Prev: ₹718.30)
  • Attributable to owners: ₹623.90 (Prev: ₹713.78)
  • Minority Interest: ₹4.73 (Prev: ₹4.52)
  • Basic and Diluted EPS: ₹12.76 (Prev: ₹14.67)

Dividend and Reserves

No dividend recommended for FY 2025-26 to conserve reserves and maintain financial flexibility. No amount transferred to reserves - entire profit maintained in profit and loss account.

Share Capital Changes During FY 2025-26

  • Authorized Share Capital: ₹15,00,00,000 divided into 15,00,000 equity shares of ₹10 each
  • Preferential Allotment on May 31, 2025: 8,703 equity shares
  • Preferential Allotment on July 08, 2025: 21,197 equity shares
  • Bonus Issue on September 25, 2025: 37,66,336 equity shares in ratio 10:3
  • Paid-up Capital as of March 31, 2026: ₹4,89,62,360 divided into 48,96,236 equity shares of ₹10 each

Subsequent Event: IPO and Listing

  • Shares listed on BSE SME Platform effective June 11, 2026
  • IPO completed successfully with 2.10 times subscription
  • Fresh issue of 21,69,600 equity shares at issue price of ₹166 per share
  • Offer for Sale of 4,20,000 equity shares
  • Total issue size: ₹36 Crore
  • Post-IPO paid-up capital: 66,45,036 equity shares of ₹10 each

Subsidiary Performance - Arabian Wonder FZC LLC

  • Engaged in Tour Operator and Auxiliary Business Activity
  • FY26 Total Income: ₹1,124.41 Lakhs
  • FY26 Profit After Tax: ₹472.85 Lakhs
  • Financial metrics:
  • Gross Profit: 62.41%
  • General and Administrative Expenditure: 61.07%
  • Net Profit Transferred to Retained Earnings: 75.22%

Directors and Key Managerial Personnel

Board Composition:

  • Mr. Izhar Ahmad - Chairman and Managing Director (DIN: 00519156)
  • Mrs. Rubeena Khatoon Izhar Ahmed - Executive Director (DIN: 02903938)
  • Mr. Rafiuddin Khan - Non-Executive Non-Independent Director (DIN: 10672343)
  • Mr. Rajan Sharrad Korgaokar - Independent Director (DIN: 10673197)
  • Mr. Mohd Shamim - Independent Director (DIN: 10691115)

Key Managerial Personnel:

  • Mrs. Pratiksha Pravin Nagwekar - Chief Financial Officer
  • Mrs. Sanchita Dad - Company Secretary and Compliance Officer (appointed June 02, 2025)

Board and Committee Meetings

  • Board met 11 times during FY 2025-26
  • Audit Committee: 3 meetings (Chairperson: Mr. Mohd Shamim)
  • Nomination and Remuneration Committee: 1 meeting (Chairperson: Mr. Mohd Shamim)
  • Stakeholder Relationship Committee: 1 meeting (Chairperson: Mr. Rajan Korgaokar)

Related Party Transactions

Loans taken from directors during FY26:

  • Mr. Izhar Ahmad: ₹3.54 Lakhs (closing balance)
  • Mrs. Rubeena Khatoon Izhar Ahmed: ₹2.53 Lakhs (closing balance)

Contingent Liabilities

  • Statutory Liability: ₹15.32 Lakhs (Income Tax demands for various assessment years)
  • Bank Guarantee: ₹13.05 Lakhs (Previous year: ₹25.52 Lakhs)

Foreign Exchange Transactions

  • Foreign Exchange Earnings: ₹296.61 Lakhs (Export Sales)
  • Foreign Exchange Outgo: ₹296.60 Lakhs (Purchases)

Business Overview

UHM Vacation Limited operates as a technology-driven travel and tourism company providing comprehensive travel solutions through B2B and B2C channels. The company aggregates services from airlines, accommodation providers, cruise lines, car rental companies, and other travel service providers. Business segments include domestic/international holiday packages, hotel bookings, air ticketing, transportation services, visa assistance, and travel insurance.

Operational Strategy

The company focuses on strengthening its B2B network, expanding technology capabilities, enhancing strategic partnerships, and broadening domestic and international market presence. Technology platform enables travel agents, corporate travel managers, and independent agents to search, compare, and book travel services.

Corporate Governance

The company has established various committees including Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and IPO Committee. Whistle Blower Policy and Vigil Mechanism are in place.

Important Dates

  • AGM Date: September 30, 2026
  • Book Closure: September 24-30, 2026
  • E-voting: Through CDSL platform
  • Cut-off date for e-voting: September 23, 2026