Espire Hospitality Limited

Meeting Details

• Board meeting scheduled for 14 August 2026 at 11:00 AM at the corporate office.

Key Agenda Items

• To consider, approve and take on record the Un-Audited Financial Results for the quarter ended 30 June 2026.

Other Notes

• Trading window closed since 30 June 2026 and reopen 48 hours after results announcement.

Special Business

• Re-appoint Dileep Kumar as Independent Director for a second five-year term.
• Term from Aug 10, 2026 to Aug 9, 2031; non-rotatable.
• No promoter/director interest, except the appointee and his relatives, as disclosed.
• Voting outcome not disclosed in this EGM notice.
• Remote e-voting window: Aug 4-6, 2026; cutoff July 31, 2026.
• EGM date and venue: Aug 7, 2026 at Country Inn Nature Resorts, Bhimtal.

Board actions

• Resignation of Non-Executive Independent Director Anish Arun Shah effective 14 July 2026.
• Reconstituted Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management, CSR, and Directors committees.
• EGM to be held 7 Aug 2026 to approve Dileep Kumar's re-appointment as Independent Director.
• Dileep Kumar re-appointed for five years from 10 Aug 2026 to 9 Aug 2031, not retiring by rotation.
• Annexures confirm non-debarment and provide appointment details.

EGM resolution details

• Type: ordinary resolution for Dileep Kumar's re-appointment as Independent Director.
• Nature: re-appointment; term five years; not liable to retire by rotation.
• Promoter/director interest: Dileep Kumar is independent; no promoter participation stated.

Governance impact

• No material shareholding or control changes disclosed.

Other disclosures

• Dileep Kumar not debarred by SEBI or authorities per Annexure-C.
• Board reconstituted multiple committees with Dileep Kumar as Chair.

Dematerialisation status

• Certificate received from Registrar & Transfer Agent for Reg 74(5) compliance.
• No explicit processing, dematerialisation/rematerialisation outcomes, or listing details provided.

Audit qualification and notice

• Non-compliance with SEBI LODR Regulation 33 for period ended 31 March 2026.
• Audit is qualified for the first time; impact not quantified by auditors.
• Management states no material impact on the financials.

Financials affected by qualification

• Turnover/Total Income: 14105.99 lacs; unchanged before/after qualification.
• Net profit: 1156.99 lacs; EPS: 5.44; unchanged.
• Total assets: 23554.73 lacs; total liabilities: 23554.73 lacs; net worth: 5110.88 lacs; unchanged.

Governance and signatories

• CEO/MD: Akhil Arora; CFO: Rajeev Chatterjee; Audit Committee Chair: Dileep Kumar.
• Company Secretary & Compliance Officer: Sumeer Narain Mathur; Statutory Auditor: Siddharth Bansal.

Context

• Statement accompanies the board outcome announced on 10 June 2026.

Espire Hospitality Limited — Trading Window closed from 1 June 2026; to reopen after 48 hours of announcement/declaration of the Un-Audited Financial Results for the quarter ended 30 June 2026.

Financial results

• Approved audited standalone financial results for quarter and year ended 31 March 2026.
• Reported revenue from operations of ₹4,267.04 lakh for the quarter and ₹13,424.61 lakh for the year.
• Reported profit after tax of ₹422.06 lakh for the quarter and ₹812.39 lakh for the year.
• Approved standalone balance sheet and cash flow statement for year ended 31 March 2026.

Auditor remarks

• Statutory auditors issued a qualified opinion on the audited standalone results.
• Qualification related to unreconciled ERP migration balances in receivables, payables, advances, and GST.
• Auditors stated the results otherwise present a true and fair view.
• Auditors noted the quarter figures were balancing figures between audited annual and reviewed year-to-date numbers.

Board meeting

• Board meeting was held on 10 June 2026 and concluded at 1:00 AM.

New Marriott signing

• Espire Hospitality announced a JW Marriott Resort & Spa near Vrindavan.
• The project is signed with Marriott International for its luxury portfolio.

Project details

• The resort will be built on 14 acres and open from January 2029.
• It will have 151 keys, villas, a Presidential Suite, dining, spa, and event spaces.

Portfolio expansion

• Espire said it signed agreements for five additional hotels in Goa, Katra, Patna, Dehradun, and Rishikesh.
• Its hotel count increased from 15 to 20.

Operations outlook

• Dehradun and Rishikesh hotels are operational.
• The remaining new hotels will open in due course.

Growth plan

• The company plans to open 15 new hotels and resorts by FY27.