CHL Ltd

RBI compounding order details

• RBI issued compounding order for FEMA violations by CHL Limited.
• Compounding amount: INR 1,55,70,000 payable within 15 days.
• Order date: 20 August 2026; received by CHL via email.
• Cited violations: Regulation 6(2)(vi) and 6(6)(a) of FEMA 120/RB-2004.
• Impact: no material effect on financials or operations.

Cessation of Independent Director

• Alkesh Tacker, Independent Director, completed a 10-year term on August 11, 2026.
• Cessation effective August 12, 2026; no other material reasons.

Financials

• Standalone revenue ₹10,941.81 L; prior year ₹11,134.38 L.
• Consolidated revenue ₹16,515.12 L.
• Standalone PBT ₹2,201.00 L; Consolidated PBT ₹715.79 L.
• Standalone total comprehensive income ₹1,618.72 L; reserves ₹18,408.35 L.
• Consolidated total comprehensive income ₹49,673.10 L.
• Standalone EPS ₹2.95; Consolidated EPS (Basic/Diluted) ₹-5.50.
• No dividend declared for the year.

Operations & Hotel performance

• Average occupancy 86.31% (FY2025-26), up from 85.60%.
• Average room rate ₹8,808; turnover ₹10,941.81 L.
• Hotel The Suryaa, New Delhi: 160 deluxe, 70 club, 6 deluxe, 3 luxury suites.
• F&B outlets: Sampan, Ssence, Atrium, Club One.
• Industry outlook: 2025 occupancy ~64% nationwide; ARR ~₹8,624; RevPAR ~₹5,522.

Subsidiaries & material litigation

• Material subsidiary: CJSC CHL International, Tajikistan; 60.66% equity holding.
• CJCHL International operates Hilton-branded hotel in Dushanbe.
• EXIM Bank loan: USD 34 million One Time Settlement executed; litigation ongoing.
• Subsidiary loan to CHL International: ₹1,482.52 L; interest ₹233.52 L included.
• Building revaluation: CHL International building up by ₹529.07 Cr; revaluation reserve ₹52,688.04 L.

Capital structure & liquidity

• Standalone share capital: ₹1,096.37 L; Consolidated share capital: ₹5,518.58 L.
• Promoters hold 72.84% of CHL, with Malbros Investments at 58.90%.
• Total equity (Consolidated) around ₹42,162.22 L; minority interest ₹4,422.21 L.
• Consolidated debt ₹26,231.08 L; gearing at 38.35%.
• Cash and cash equivalents (Consolidated) ₹592.58 L; fixed deposits ₹3,471.01 L.

Governance & risk management

• 47th AGM scheduled 3 September 2026 via VC/OAVM.
• Board: MD Luv Malhotra; Kajal Malhotra; Independent: Alkesh Tacker, Rakesh Mathur, Ashish Kapur.
• Rakesh Mathur to continue as Non-Executive Independent Director until 2029.
• Four Board meetings held in FY2025-26; Audit, NRC, and Stakeholders Committees in place.
• Auditors: Statutory – DGA & Co; Secretarial – A. Chadha & Associates; Emphasis of Matter on EXIM Bank.

Corporate governance & disclosures

• CEO/CFO certification issued affirming accuracy of financial statements.
• Secretarial Audit Report (MR-3) submitted; compliance certificates issued.
• Management Discussion and Analysis included; Corporate Governance report included.
• Material subsidiary policy: CHL International treated as subsidiary with disclosed risks.

CSR & ESG

• CSR spend ₹58,41,606; average net profit ₹29,20,80,302; 2% obligation ₹58,41,606.
• Spent ₹50,41,606 on ongoing projects; ₹8,00,000 on other activities; administrative nil.
• CSR project: Save the Children India; CSR committee chaired by Alkesh Tacker.
• CSR policy and projects disclosed on company website.

Risks, outlook & market context

• Management notes Middle East developments could impact travel flows; sector remains resilient.
• India's travel and tourism expected to grow with domestic demand as a core driver.
• Hotel sector metrics improved in 2025 with occupancy, ARR, and RevPAR trending above pre-pandemic levels.

AGM details

• AGM scheduled for Sep 3, 2026 at 12:30 PM via VC/OAVM.
• Book closure Aug 28, 2026 to Sep 3, 2026 (inclusive).
• Record date for voting Aug 27, 2026.
• Remote e-voting window Aug 31, 2026 10:00 AM to Sep 2, 2026 5:00 PM.
• E-voting administered by CDSL via evotingindia.com.

Standalone results

• Revenue from operations (standalone): 2,124.03 lakh.
• Total income from operations: 2,450.77 lakh.
• PAT (standalone): 294.40 lakh.
• EPS (standalone): 0.54.
• YoY standalone revenue from operations rose to 2,124.03 lakh from 1,971.05.
• QoQ standalone revenue declined from 2,697.41 to 2,124.03 lakh.
• Standalone PAT declined YoY from 504.01 to 294.40.

Consolidated results

• Consolidated total income from operations: 4,969.86 lakh.
• PAT (consolidated): 1,013.80 lakh.
• EPS (consolidated): 8.40.
• YoY consolidated revenue up to 4,969.86 lakh from 3,604.66.
• Consolidated PAT improved to 1,013.80 lakh from a loss of 82.02 in Q1 2025.

Notable items & notes

• One Time Settlement with EXIM Bank for USD 34 million under implementation.
• EXIM Bank litigation ongoing before Supreme Court and DRT.
• FX gains of INR 11.40 crore recognized as non-operating income.
• OCI foreign currency translation reserve: INR 35.93 crore.
• Auditors' emphasis of matter on EXIM Bank settlement; OTS under implementation.
• Company operates in one segment; no separate reportable segments.
• Consolidated includes CHL International; results reviewed by another auditor.

Audit status & notes

• Unaudited quarterly results; Limited Review by DGA & Co.
• Board meeting held 30 July 2026; results taken on record.

Financial results

• Unaudited standalone and consolidated Q1 2026 results approved; Limited Review Reports attached.
• Results to be published in English and Hindi newspapers and on the company website.

Governance actions

• Luv Malhotra appointed Chairman of the Board meeting and will chair the 47th AGM.
• Annual Report for FY2025-26 approved.
• Board took on record Audit Committee-reviewed results.

Regulatory and legal matters

• EXIM Bank litigation: USD 34 million OTS under implementation; cases before Supreme Court and DRT.
• Auditors' Emphasis of Matter on EXIM settlement noted.
• Consolidated results include CHL International; foreign exchange gains of INR 11.40 crore recognized as non-operating income.
• Ind AS-21 currency translation fluctuations recognized in OCI for subsidiary.

Dematerialisation processing and listing status

• Dematerialisation requests received in the quarter ended June 2026 were confirmed to the depositories as accepted/rejected.
• Securities dematerialised have been listed on the exchanges where the earlier securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository's name substituted as registered owner within 15 days.