VIKRAM KAMATS HOSPITALITY LIMITED

1. Approval of Audited Financial Results and Statements

The Board of Directors at its meeting held on May 29, 2026, approved:

  • Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026
  • Statement of Assets and Liabilities
  • Cash flow statement

Regulatory Compliance: Filed pursuant to Regulation 33 of SEBI Listing Regulations

Auditor Opinion: Statutory Auditors M/s. Chaturvedi Sohan & Co., Chartered Accountants, Mumbai (FRN: 118424W) issued an unmodified audit opinion on both standalone and consolidated financial results.

2. Annual General Meeting

The Board approved the notice for the 19th Annual General Meeting and authorized Dr. Vikram V. Kamat, Managing Director, to decide the date, time, and mode of the meeting.

3. Re-appointment of Managing Director

The Board, on recommendation of the Nomination and Remuneration Committee and Audit Committee, approved:

  • Re-appointment of Dr. Vikram V. Kamat as Managing Director
  • Term: 3 years from October 7, 2026, to October 6, 2029
  • Subject to shareholder approval at the ensuing AGM

Profile Details: Dr. Vikram V. Kamat is a Science graduate (B.Sc) and has completed Hotel Management from IHMCTAN, Mumbai. He is a founder member of the company with extensive experience in hospitality management.

4. Re-appointment of Internal Auditors

The Board, on recommendation of the Nomination and Remuneration Committee and Audit Committee, approved:

  • Re-appointment of M/s. Pipalia Singhal & Associates, Chartered Accountants, Mumbai as Internal Auditors
  • Term: One financial year (2026-27)

Profile Details: PSA is a Mumbai-based CA firm established in 1994, specializing in risk-based internal audits, risk management, and internal controls.

Standalone Financial Results (Year Ended March 31, 2026)

Income Statement Highlights:

  • Total Income: ₹3,172.79 lakhs (FY25: ₹2,389.80 lakhs)
  • Revenue from Operations: ₹2,922.26 lakhs (FY25: ₹2,270.02 lakhs)
  • Other Income: ₹250.53 lakhs (FY25: ₹119.78 lakhs)
  • Total Expenses: ₹2,871.82 lakhs (FY25: ₹2,309.25 lakhs)
  • Profit Before Tax: ₹297.73 lakhs (FY25: ₹80.55 lakhs)
  • Total Tax Expense: ₹83.35 lakhs (FY25: ₹19.95 lakhs)
  • Profit for the Year: ₹214.38 lakhs (FY25: ₹60.60 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹1.33 (FY25: ₹0.48)

Balance Sheet Highlights (as of March 31, 2026):

  • Paid-up Equity Share Capital: ₹1,728.99 lakhs
  • Reserves (excluding revaluation): ₹4,139.84 lakhs
  • Total Assets: ₹10,045.47 lakhs

Cash Flow Highlights (FY26):

  • Net Cash from Operating Activities: ₹759.42 lakhs
  • Net Cash Used in Investing Activities: ₹(2,458.93) lakhs
  • Net Cash from Financing Activities: ₹1,097.83 lakhs
  • Net Decrease in Cash: ₹(601.68) lakhs
  • Cash & Cash Equivalents at End: ₹(37.71) lakhs (includes bank overdraft of ₹129.72 lakhs)

Consolidated Financial Results (Year Ended March 31, 2026)

Income Statement Highlights:

  • Total Income: ₹5,775.73 lakhs (FY25: ₹4,031.71 lakhs)
  • Revenue from Operations: ₹5,599.85 lakhs (FY25: ₹3,890.92 lakhs)
  • Other Income: ₹175.88 lakhs (FY25: ₹140.79 lakhs)
  • Total Expenses: ₹5,521.95 lakhs (FY25: ₹3,929.76 lakhs)
  • Profit Before Tax: ₹98.47 lakhs (FY25: ₹101.45 lakhs)
  • Total Tax Expense: ₹84.46 lakhs (FY25: ₹34.72 lakhs)
  • Profit for the Year: ₹14.46 lakhs (FY25: ₹66.73 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹0.09 (FY25: ₹0.53)

Balance Sheet Highlights (as of March 31, 2026):

  • Paid-up Equity Share Capital: ₹1,728.99 lakhs
  • Reserves (excluding revaluation): ₹4,064.30 lakhs
  • Total Assets: ₹13,465.07 lakhs

Cash Flow Highlights (FY26):

  • Net Cash from Operating Activities: ₹1,198.78 lakhs
  • Net Cash Used in Investing Activities: ₹(2,169.43) lakhs
  • Net Cash from Financing Activities: ₹368.34 lakhs
  • Net Decrease in Cash: ₹(602.31) lakhs
  • Cash & Cash Equivalents at End: ₹26.50 lakhs (includes bank overdraft of ₹129.72 lakhs)

Key Notes to Financial Statements

Exceptional Items:

  • Standalone: GST Input Tax Credit write-off of ₹3.44 lakhs in Q3 FY26 due to GST rate change for room tariff services from 12% with ITC to 5% without ITC
  • Consolidated:
  • GST Input Tax Credit write-off of ₹53.22 lakhs
  • Loss of ₹102.09 lakhs on termination of lease agreements in Q3 FY26
  • Additional loss of ₹11.24 lakhs on security deposit deductions in Q4 FY26

Share Capital Changes:

  • Preferential allotment of 13,60,000 equity shares at ₹75 per share (including ₹65 premium) aggregating ₹10,20,00,000 to non-promoters
  • Conversion of 18,66,893 warrants to equity shares (9,57,568 on March 31, 2026, and 9,09,325 by April 15, 2026)
  • 45,270 warrants lapsed with forfeiture of upfront subscription amount of ₹10,04,994

Labour Code Impact:

  • Company recognized incremental impact of ₹8.99 lakhs (standalone) and ₹12.53 lakhs (consolidated) for employee benefit obligations under New Labour Codes
  • No further provision in Q4 FY26

Legal Matter:

  • One lease agreement terminated with ₹1.00 crore refundable security deposit and ₹90 lakhs in security cheques
  • Company filing arbitration to claim refund plus ₹1.25 crores for losses
  • Court proceedings stayed until next hearing on October 15, 2026
  • Management believes amounts are recoverable; no provision recognized

Investor Complaints: No pending investor complaints as of March 31, 2026

Meeting Details

  • Board meeting commenced at 11:45 AM and concluded at 3:00 PM on May 29, 2026

Enclosures

  • Annexure A: Audited Standalone and Consolidated Financial Results with Auditors Report
  • Annexure B: Details of MD reappointment pursuant to SEBI Circular
  • Annexure C: Details of internal auditor reappointment pursuant to SEBI Circular