Advani Hotels & Resorts (India) Ltd

Advani Hotels & Resorts (India) Ltd — Trading Window closes from Oct 1, 2026; opens 48 hours after the declaration of unaudited Financial Results for the quarter ending Sept 30, 2026; board meeting date to approve results will be intimated.

AGM Details

• Held on 22 Sep 2026 at 2:00 pm via VC/OAVM; concluded 3:18 pm.

Ordinary Business

• Adoption of audited financial statements for the year ended 31 March 2026.
• Noting interim dividends paid: ₹1.00 and ₹0.80 per share.
• Appointment of Haresh G. Advani as director (retired by rotation).

CEO/Director Arrangements

• Re-appointment of Prahlad S. Advani as Whole-Time Director and CEO for 5 years (Aug 2027–Jul 2032).
• Approval of remuneration payable to Prahlad Advani as WTD/CEO for 5 years (Aug 2027–Jul 2032).

Voting Results

• Consolidated voting results to be declared within 2 working days.

Advani Hotels & Resorts (India) Limited

• Newspaper ad confirms dispatch of the 39th AGM notice, with e-voting and cut-off date.
• Notice published Sep 2, 2026 in Financial Express and Mumbai Lakshdeep; on company website.
• Disclosures under SEBI LODR for AGM notice dispatch under Section 108 of the Companies Act.

Neo Infracon Limited

• Notice for 43rd AGM on Sep 22, 2026 via VC/OAVM.
• Ordinary Business: adoption of Audited Financial Statements for year ended 31 March 2026.
• Special Business: related-party transaction approval Rs. 915.60 Lakhs per Ind AS 24.
• Secretarial Auditor M/s VKM & Associates appointed for five years (Apr 1, 2025–Mar 31, 2030).
• Honey Deepak Jain appointed as Independent Director from Mar 27, 2026 to next AGM.
• Darshik Dilipkumar Mehta appointed as Non-Executive Director from Mar 27, 2026 to next AGM.
• Statutory Auditors: M/s S. Satyaprakash & Co., LLP for five years; remuneration to be mutually agreed.
• Internal Auditor: M/s Abhishek Barola & Co. for FY 2026-27.

Financials

• Total income INR 1,102.03 million in FY2025-26.
• EBITDA INR 347.4 million; margin 31.5%.
• PBT INR 3,160.46 Lakhs; margin 28.7%.
• PAT INR 2,386.34 Lakhs.
• Basic EPS INR 2.58.
• Land revaluation surplus INR 42,726.68 Lakhs added to OCI.
• Interim dividends INR 1,663.90 Lakhs.
• Total equity INR 5,151.64 million; share capital INR 1,848.77 million.

Operational performance

• Occupancy 73.4% in FY2025-26, down 10.5% YoY.
• TREVPOR INR 21,086 per occupied room per night.
• Rooms revenue INR 6,124.28 million; F&B INR 2,966.06 million.
• Cash from operations INR 3,080.32 million.

Capital & liquidity

• Overdraft facility INR 129.79 million; net debt INR -38.37 Lakhs.
• Equity share capital INR 1,848.77 million; total equity INR 5,151.64 million.
• 39th AGM scheduled 22 Sep 2026 via VC/OAVM.
• Dividend policy adopted; CSR policy available on the company website.

Governance & board changes

• Ragini Chopra appointed Independent Director for 5 years from Aug 30, 2025.
• Milind Nigam appointed Company Secretary from Feb 21, 2026.
• Deepesh Joishar ceased as Company Secretary on Feb 20, 2026.
• Auditors: Statutory – J. G. Verma & Co; Secretarial – BNP & Associates; Internal – BDO.

Accounting policy & assets

• Land measured under Ind AS 16 by revaluation; comparative figures not restated.
• Carrying amount of land after revaluation: INR 42,982.35 Lakhs; OCI surplus INR 42,726.68 Lakhs.

CSR & ESG

• CSR spend INR 6.96 million; excess INR 3.53 million carried forward.
• CSR policy and projects disclosed on company website.

Risks & compliance

• Tax and other litigations noted; contingent liabilities discussed in Note 32.
• AGM/e-voting and related communications governed by SEBI and MCA guidelines.

Shareholder information

• Interim dividends paid in FY2025-26 total INR 1,663.90 Lakhs; second interim to be paid.
• 47% of shares are in dematerialised form.

AGM details

• AGM date/time/mode: 22 Sep 2026, 2:00 PM IST, via VC/OAVM
• Cut-off date for eligibility: 15 Sep 2026
• Remote e-voting window: 19–21 Sep 2026
• Attendance via VC/OAVM counts for quorum

Resolutions put to vote

• Ordinary: adoption of Audited Financial Statements
• Ordinary: note interim dividends paid for FY2025-26
• Ordinary: Haresh Advani re-appointment by rotation
• Special/Ordinary: Prahlad Advani re-appointed as WTD/CEO for 2027–2032
• Ordinary: remuneration to Prahlad Advani for 2027–2032
• Ordinary: remuneration and related approval for essential expenses (postal ballot)

Voting results

• Alteration of Articles approved by postal ballot
• Remuneration for Prahlad Advani approved by postal ballot
• Remuneration approvals for Prahlad Advani’s WTD/CEO term passed by postal ballot

Dividend

• Interim dividends declared: ₹1.00 per share (50%), ₹0.80 per share (40%)
• Total interim outflow for FY2025-26: ₹16.64 crore

Director changes

• Haresh G Advani re-appointed as Director by rotation
• Prahlad S Advani re-appointed as WTD/CEO for 2027–2032; remuneration approved
• Milind Nigam appointed Company Secretary (Feb 21, 2026); Deepesh Joishar ceased (Feb 20, 2026)

Auditors

• Statutory auditors: J.G. Verma & Co.; tenure 2022–27
• Secretarial auditor: BNP & Associates; Internal auditor: BDO India LLP

Related party transactions

• All related party transactions were in the ordinary course and arm's length
• No material related party transactions noted

Other material approvals

• Dividend Distribution Policy adopted; no ESOPs proposed or in place

Financial highlights

• Total income for Q1 FY27 rose 5.5% YoY to ₹2,205.03 lakhs.
• Revenue from operations: ₹2,102.08 lakhs; other income: ₹102.95 lakhs.
• EBITDA (incl. other income) ₹267.75 lakhs; EBITDA margin 12.1%.
• Profit after tax ₹138.63 lakhs.
• Occupancy rose to 76.3% with 13,057 rooms sold.
• TRevPOR was ₹16,888 per occupied room per night.
• Liquid fund reserves stood at ₹5,063 lakhs.
• Debt-free balance sheet; funded entirely by internal accruals.

Strategic developments

• Banquet hall 16,530 sq ft and new event pool under progress.
• Introduced 4 pickleball courts at the resort.
• Approval to expand Caravela Beach Resort by 28–56 keys; capex ~₹75 lakh per key.
• Expansion funded through internal accruals; completion within two years post-approval.
• New facilities to support larger weddings and corporate MICE movements.

Asset valuations & net worth

• Asset valuations by SEBI-registered valuers: excluding banquet facility ₹828.5 crore.
• Including banquet facility valuations: ₹982.0 crore.
• Land parcel valued at ~₹430 crore under IND AS provisions, vs ₹2.56 crore historical.

Outlook and management perspective

• Q1 is seasonally weak; management expects maintenance and technology spend to normalise.
• Debt-free balance sheet and Goa's appeal support long-term value creation.

Meeting Details

• Board meeting on August 14, 2026 to consider unaudited results for quarter ended June 30, 2026.

Key Agenda Items

• Consider unaudited quarterly results for quarter ended June 30, 2026.

Other Notes

• Trading window for directors and designated persons closed until 48 hours after results declaration.