Emerald Leisures Ltd

Encumbrance details

• Target company is Emerald Leisures Limited.
• Encumbrance type is a pledge over promoter shares.
• Encumbered shares are 38,30,323, representing 25.50% of total share capital.
• Promoter is Mr. Jaydeep Vinod Mehta; total holding 46,74,566 shares (31.13%).
• Favouring entity is the Debenture Trustee for the benefit of debenture holders.
• Reason is security for Secured Unlisted Non-Convertible Debentures issued by the company.
• Date of creation is 18 August 2026.
• Date of reporting is 19 August 2026.
• Impact: pledged 25.50% of total share capital; promoter holds 31.13%.

Financial results and reports

• Board approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• Limited Review report for the quarter accompanying the results was approved.

Board meeting details

• Board meeting held August 14, 2026, from 11:30 AM to 2:00 PM at registered office.

Emerald Leisures Ltd: Outcome without intimation indicates no material governance or capital actions disclosed

Meeting Details

• Date and place: August 14, 2026, at the registered office, Chembur, Mumbai 400071.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results and Limited Review Report for quarter ended June 30, 2026.

Other Notes

• Trading window closed for insiders from July 1, 2026 until 48 hours post-board meeting (Aug 16, 2026).

Meeting Details

• Date: August 4, 2026.
• Location: Registered office, Chembur, Mumbai.
• Time: Not disclosed.

Key Agenda Items

• Approve secured, unlisted, unrated, redeemable, non-convertible debentures on private placement.
• Any other business with permission of the Chairperson.

AGM Details

• AGM held on 23 July 2026 via VC/OAVM.
• Start time 11:30 AM; end time 12:00 PM.
• Deemed venue: Club Emerald Sports Complex, Chembur, Mumbai.
• Record date for voting rights: 16 July 2026.
• Shareholders on record: 2,893.
• Mode: VC/OAVM.

Resolutions & outcomes

• Item 1 (Ordinary): Adopt standalone financial statements; Passed.
• Item 2 (Ordinary): Adopt consolidated financial statements; Passed.
• Item 3 (Ordinary): Re-appoint Nikhil Mehta; Passed.
• Item 4 (Ordinary): Re-appoint Jashwant Mehta; Passed.
• Item 5 (Ordinary): Approve related party transactions up to Rs 100 Crores; Passed with related parties abstaining.
• Item 6 (Special): Issue of secured/unsecured Redeemable NCDs on private placement; Passed.
• Item 7 (Special): Alteration of Articles of Association; Passed.

Dividend

• No dividend proposed or declared.

Directors

• Nikhil Mehta re-appointed (retiring by rotation); Passed.
• Jashwant Mehta re-appointed (retiring by rotation); Passed.

Auditors

• No auditor changes reported.

Material Related Party Transactions

• RPTs up to Rs 100 Crores approved; related parties abstained.

Dematerialisation status

• Security received for dematerialisation during the quarter ended June 2026 was processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Financial snapshot

• Standalone total income Rs 1,674.15 lakh; revenue from operations Rs 1,651.91 lakh.
• Standalone loss before depreciation and interest Rs 670.35 lakh; depreciation Rs 181.82 lakh.
• Standalone profit after tax from continuing operations Rs -852.17 lakh.
• Consolidated total income Rs 1,670.29 lakh; consolidated PAT Rs -856.04 lakh.
• Dividend not recommended for FY2025-26 due to losses.
• Right issue: 1:2 rights; 100,12,400 shares issued at Rs 12.50.
• Authorized capital Rs 68 crore; paid-up capital Rs 7.5093 crore.
• Promoter holdings: Jaydeep 31.13%, Nikhil 31.12%, Jashwant 5.76%, Chetan 5.76%.

Operations & segments

• Hospitality revenue Rs 1,651.91 lakh; Real Estate revenue nil in FY25-26.
• Hospitality segment result Rs 582.89 lakh; Real Estate nil.
• LOI obtained for Chembur project; Mahim project under consolidation; real estate to contribute FY2026-27.

Capital & equity

• Board consists of eight directors as of March 31, 2026.
• Three independent directors appointed on 06/09/2025.
• Aniruddha Joshi, Vaibhav Agarwal, Vaidyanath Ramaswamy joined as Independent Directors.
• KMPs: CEO Nikhil Mehta; CFO Rajesh Loya; Company Secretary Kapil Purohit.

Debt & liquidity

• Gross borrowings Rs 14,772.21 lakh; current Rs 9,383.84 lakh; non-current Rs 5,388.37 lakh.
• Net debt to equity ratio is -1.86.
• Net decrease in cash and cash equivalents Rs 39.27 lakh.
• Current borrowings include Rs 6,481.65 lakh from related parties.

Governance & audit

• Statutory auditors PG Bhagwat LLP; tenure through 93rd AGM; no ratification needed.
• Secretarial auditors Zankhana Bhansali & Associates; five-year term to 2030.
• Audit Committee met five times; new independent directors included in composition.
• Going concern and impairment: management concluded no impairment; internal controls adequate.
• Independent Directors have affirmed independence; familiarization program in place.

AGM & voting

• 92nd AGM to be held on 23 July 2026 via VC/OAVM.
• Remote e-voting window: 20-22 July 2026; cut-off date 16 July 2026.
• No proxy; authorized representatives may attend and vote; NSDL platform used.

Outlook & risks

• LOI for Chembur real estate project; expected start in coming months; Rs 35.61 crore invested.
• Hospitality outlook positive; occupancy and ADR improving; ICRA forecasts 7-9% revenue growth FY2026-27.
• Management pursuing diversification, digital transformation; energy and sustainability measures in place.