Best Eastern Hotels Ltd

Best Eastern Hotels Ltd — Trading Window Closure (routine)

AGM details

• Date and time: 25 August 2026, 3:00–3:23 PM; mode: VC/OAVM.
• Record date: 18 August 2026.
• Postal ballot last date: 25 August 2026.
• Total shareholders on record: 3,545.

Key resolutions

• Adopt Audited Balance Sheet, P&L, and Directors' and Auditors' reports.
• Declare dividend at 10% on 10% Cumulative Redeemable Preference Shares for FY2025-26.
• Appoint Vinaychand Yadavsingh Kothari as director by rotation (re-appointment).

Dividend

• Dividend approved at 10% on 10% Cumulative Redeemable Preference Shares (FY2025-26).

Director changes

• Re-appointment of Vinaychand Yadavsingh Kothari approved.

Voting results

• Resolution 1: passed with 99.9999% in favour; 0.0001% against.
• Resolution 2: passed with 99.9999% in favour; 0.0001% against.
• Resolution 3: passed with 99.9999% in favour; 0.0001% against.

AGM Details

• Date, time and mode: 25 August 2026, 3:00 PM IST via VC/OAVM.
• Concluded at 3:23 PM; no physical attendance; quorum met.
• Shareholders on record date: 3,545; attendees via VC: 19.

Key Resolutions

• Adoption of Audited Balance Sheet and Profit & Loss for year ended 31 March 2026.
• Dividend declaration: 10% on 10% Cumulative Non-Convertible Redeemable Preference Shares for FY2025-26.
• Re-appointment of Vinaychand Yadaysingh Kothari as Director (retiring by rotation).

Voting Results

• Adoption of financials: Passed.
• Dividend declaration: Passed.
• Re-appointment of director: Passed.

Dividend

• Dividend approved at 10% on 10% Cumulative Preference Shares for FY2025-26.

Director Changes

• Director re-appointment of Vinaychand Yadaysingh Kothari approved.

Financial results approved

• Board approved unaudited standalone Q1 2026 results for quarter ended 30 June 2026.
• Limited Review Report from statutory auditors taken on record; Audit Committee reviewed.
• Total income Rs 199.47 lakh; Net PAT Rs 29.55 lakh for the quarter.
• Basic EPS Rs 0.18; Paid-up equity capital Rs 168.50 lakh.

Auditor's review status

• Independent Auditor's Review Report issued with unmodified conclusion.

Disclosure and availability

• Unaudited results will be hosted on the company's website.

Governance context

• Board meeting and Audit Committee review held on 13 August 2026.

Meeting Details

• Date: 13 August 2026; Time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026; reopens 48 hours after results submission.

Financials FY2025-26

• Total income: 568.63 lakh for FY2025-26.
• Revenue from operations: 557.19 lakh.
• Profit before tax: -57.13 lakh.
• Profit after tax: -59.16 lakh.
• EPS: Basic -0.35; Diluted -0.35.
• Total expenses: 625.76 lakh.
• Rooms revenue: 358.09 lakh.
• F&B revenue: 186.71 lakh.
• Spa revenue: 11.39 lakh.
• Other services revenue: 1.00 lakh.
• Loss driven by higher input costs.
• AGM on 25 Aug 2026 via VC/OAVM.

Revenue mix

• Rooms revenue: 358.09 lakh.
• F&B revenue: 186.71 lakh.
• Spa revenue: 11.39 lakh.
• Other services revenue: 1.00 lakh.
• Total operating revenue: 557.19 lakh.
• Other income: 11.44 lakh.
• Interest income: 4.04 lakh.
• Support service income: 7.20 lakh.
• Miscellaneous income: 0.20 lakh.
• Total income: 568.63 lakh.

Cost and margins

• Total expenses: 625.76 lakh.
• Employee benefits: 244.55 lakh.
• Finance costs: 29.27 lakh.
• Depreciation: 45.68 lakh.
• Power & fuel: 51.82 lakh.
• Other operating expenses: 175.77 lakh.
• Administrative expenses: 79.19 lakh.
• Profit before tax: -57.13 lakh.
• Tax: 2.03 lakh.
• Net loss: -59.16 lakh.

Balance sheet & liquidity

• Total assets: 561.02 lakh.
• Total equity: 173.79 lakh.
• Total borrowings: 289.98 lakh.
• Current ratio: 0.33x.
• Gearing ratio: 64.82%.
• Cash & equivalents: 6.41 lakh.
• Contract liabilities: 23.55 lakh.
• Trade payables: 4.04 lakh.
• Promoter holding: 75.00%.

Capital structure & dividends

• Equity share capital: 168.50 lakh.
• Preference shares: 12,00,000; 10% coupon.
• Dividend on preference shares: 12.00 lakh.
• Promoter holding: 75.00%.
• No equity dividend declared in FY2025-26.

Governance & audit

• Board meetings: 5 in FY2025-26.
• Audit Committee meetings: 4.
• Independent Director Jenny Vijaykar appointed 16 Jul 2025; regularised 29 Aug 2025.
• Mangal Chheda ceased as director 1 Jul 2025.
• Secretarial Auditor: Ferrao MSR & Associates.
• Statutory auditor: GMJ & Co.

Outlook & strategic focus

• Outlook positive for Matheran hotel; tourism initiatives supportive.
• Energy conservation and renewable energy adoption ongoing.
• Digital booking integration and wellness packages being pursued.

Dematerialisation processing status

• Securities received for dematerialisation were confirmed to the depositories and listed on exchanges.
• Certificates for dematerialisation were mutilated, cancelled after verification, and the depository's name substituted as registered owner within timelines.
• Certificates received for dematerialisation were confirmed or rejected.

Price movement clarification

• Movement is market-driven; no information affecting price.
• Company will continue disclosures in compliance with Regulation 30 of SEBI LODR.
• Clarification issued to BSE on 15 July 2026; no material information disclosed.