Tag
Hospitality
29 articles
The hospitality sector is navigating a complex legal and operational landscape. Several companies, including Naidu Hotel and Karim Hotels, are engaged in ongoing legal proceedings with the Supreme Court, impacting potential tax liabilities and operational timelines. Simultaneously, companies like Viceroy Hotels and Apollo Sindoori Hotels are focused on internal financial matters, such as loan agreements and dividend approvals. Expansion continues, as exemplified by Apeejay Surrendra Park Hotels' launch of a new hotel in Visakhapatnam, while RateGain’s report highlights the growing adoption of AI, albeit with limited immediate impact on operational efficiency. These developments suggest a sector balancing legal challenges with strategic growth and technological adaptation, creating uncertainty for investors.
Supreme Court Notices Naidu Hotel Tax Appeal
On 1 Oct 2026, Supreme Court heard SLP by Superintendent of Central Tax against M/s Naidu Hotel concerning a tax judgment.
Petition seeks condonation of delay in filing IA No. 287981/2026 and exemptio
Viceroy Hotels Loans ₹38.45 Crore to Subsidiary
Viceroy Hotels Limited entered a loan agreement with its wholly-owned subsidiary SLN Terminus Hotels on October 3, 2026.
The loan of ₹38.45 Crores at 8.75% interest is for repaying subsidiary borrowin
Jagannath Holdings Closure Notice Quashed
Petition filed challenging 5 Sep 2026 closure notice for Hotel 233, citing lack of show‑cause and unsigned authority.
Court held notice violated Section 416(5) proviso of Kolkata Municipal Corporation
Supreme Court Adjourns Hotel Mani SLP
Supreme Court heard Special Leave Petition No.34104/2026 on 1 Oct 2026 involving Hotel Mani vs State.
Petitioner surrendered on 28 Aug 2026 and requested a short adjournment.
Court ordered the matter
Supreme Court Re‑lists Ganatra Hotels Petition
Supreme Court heard Special Leave Petition No. 50174/2026 filed by Kiran Ranchoddas Ganatra against Ganatra Hotels Pvt Ltd on 30‑09‑2026.
The bench comprised Justices K.V. Viswanathan and Arun Palli,
Supreme Court Re-lists Lords Inn Hotels Appeal to Oct 5, 2026
Supreme Court heard civil appeal 13703/2026 on 01‑10‑2026 concerning condonation of delay in filing IA.
Parties are Lords Inn Hotels and Resorts Private Limited (petitioner) versus Aaryaraj Club and R
Apeejay Surrendra Park Hotels Launches Zone Connect Visakhapatnam
Apeejay Surrendra Park Hotels launched Zone Connect by The Park Visakhapatnam, its second hotel in the city with 52 keys.
The hotel is strategically located on Beach Road near key transport hubs and f
Advani Hotels 39th AGM All Resolutions Passed
Discloses voting results for Advani Hotels & Resorts' 39th AGM held virtually on September 22, 2026.
All five proposed ordinary resolutions were passed with requisite majority, including director appo
Apollo Sindoori Hotels 28th AGM Approves All Resolutions
Apollo Sindoori Hotels held its 28th AGM via video conference on September 28, 2026, passing all five proposed resolutions.
Shareholders approved the adoption of FY26 financial statements and a final
Karim Hotels SLP Appeal Listed Oct 2026
Supreme Court heard petition by Karim Hotels Pvt Ltd seeking special leave to appeal against Delhi High Court judgment dated 06-11-2025.
Multiple interim applications were listed, including exemption
Mahijas Infra Writ Dismissed, ADC Merged
Court dismissed Mahijas Infra’s writ petition seeking restoration of Park Prime Hotel possession and daily compensation and damages.
The petition alleged unlawful eviction by Chocolate Hotels and the
Lemon Tree Opens Keys Prima Darjeeling Hotel
Lemon Tree Hotels announces the opening of Keys Prima by Lemon Tree Hotels in Darjeeling, featuring 65 rooms.
This marks the group's third operational property in West Bengal, with three more hotels i
Apollo Sindoori Hotels 28th AGM Proceedings
Apollo Sindoori Hotels held its 28th AGM via video conferencing on September 28, 2026, to transact five business items including financial statement adoption and dividend declaration.
Shareholders app
Savera Industries 57th AGM All Resolutions Passed
Savera Industries held its 57th AGM on September 18, 2026, passing all five proposed resolutions with requisite majority.
Resolutions included adoption of FY26 standalone financial statements, dividen
RateGain Report Finds 50% Hotels Use AI, Under 10% See Impact
RateGain, NYU SPS, and HEDNA released The State of Distribution 2026 report analyzing AI adoption across 58,000+ hotel properties.
Report finds over 50% of hotels use or are procuring generative AI, b
U. P. Hotels Seeks Shareholder Approval for SEBI Delisting Extension
U. P. Hotels Limited seeks shareholder approval via postal ballot for SEBI extension to complete voluntary delisting from BSE.
The company requires in-principle approval for its application to SEBI fo
LGT Global Hospitality Submits FY26 Annual Report
LGT Global Hospitality Limited submitted its Annual Report for FY 2025-26 to BSE, including notice for its 10th AGM scheduled for September 30, 2026.
The company reported standalone revenue growth of
Thakkers Group Ltd FY26 Annual Report & AGM Notice
Thakkers Group Ltd filed its Annual Report for FY 2025-26, reporting revenue of ₹26.31 crore and profit after tax of ₹2.05 crore.
The company will hold its 58th AGM on September 30, 2026, to adopt fin
Advent Hotels Posts ₹3,876 Crore Revenue Post-Demerger
Advent Hotels reported consolidated FY26 revenue of ₹3,875.99 crore with net profit of ₹653.99 crore following its demerger from Valor Estate sanctioned by NCLT.
The company announced its 20th AGM on
Gourmet Gateway India AGM Notice and FY26 Financial Results
Gourmet Gateway India will hold its 43rd AGM virtually on September 30, 2026 to approve FY26 financial statements and director reappointments.
The company reported consolidated FY26 net profit of ₹18.
Saboo Sodium Chloro 33rd AGM Notice and FY26 Report
Company issued notice for 33rd AGM on September 29, 2026 to seek shareholder approval for related party transactions and MD remuneration increase.
Reported FY26 total income of ₹64.75 crore with net p
Cindrella Hotels FY26 Net Profit Dips 6% to ₹19.14 Lakh
Cindrella Hotels Ltd. disclosed its FY25-26 Annual Report, reporting a 6% YoY decline in net profit to ₹19.14 lakh on revenue of ₹10.61 crore.
The Board recommended no dividend for FY26 and announced
Asian Hotels North Reports FY26 ₹102Cr Loss After Restructuring
Asian Hotels North reported a consolidated net loss of ₹102.26 crore for FY26 versus ₹187.26 crore profit in FY25, driven by exceptional penal interest charges of ₹104.96 crore.
The company raised ₹76
Ambica Agarbathies Submits FY26 Annual Report
Ambica Agarbathies submitted its 31st Annual Report for FY 2025-26 to BSE and NSE pursuant to SEBI Regulation 34(1).
Company reported revenue of ₹149.54 crore and net profit of ₹3.45 crore, a signific
Asian Hotels East Promoter Ratna Saraf Gifts 2.03M Shares
Promoter Ratna Saraf gifted 2,026,520 equity shares (11.72% stake) in Asian Hotels (East) via off-market inter-se transfer to her son.
The transaction reduced Saraf's holding from 4,053,040 shares (23
Asian Hotels Promoter Acquires 0.08% Equity via Gift
Promoter Arun Kumar Saraf acquired 13,098 equity shares (0.08%) of Asian Hotels (East) via gift from his mother on 27-08-2026.
The transaction was an inter-se transfer by way of gift, increasing his t
Taj GVK Receives IHCL Promoter Reclassification Request
IHCL requested reclassification from promoter to public category after selling its entire 25.52% stake in Taj GVK.
Taj GVK's board approved the reclassification request on July 31, 2026, under SEBI Li
TAJ GVK Approves IHCL Promoter Reclassification to Public
TAJ GVK board approved reclassification of Indian Hotels Company Limited from promoter group to public shareholder on July 31, 2026.
IHCL holds 0% equity shares and confirmed compliance with all SEBI
TAJ GVK Approves IHCL Promoter to Public Reclassification
TAJ GVK Hotels board approved reclassifying Indian Hotels Company Limited from promoter to public shareholder category.
IHCL holds zero equity shares and confirmed no control, special rights, or board