Jindal Hotels Ltd

Dematerialisation status

• Dematerialisation requests for the quarter ended 30 September 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock 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.

KYC and demat compliance

• RTA MUFG Intime India has dispatched reminders to identified physical-shareholders to furnish PAN, KYC, and Nomination.
• Dividends on non-updated physical folios may be withheld from April 1, 2024.
• Updated PAN/Nomination/Contact details will allow interim dividends to be credited electronically.
• Physical share transfers are not permitted from April 1, 2019; dematerialise at earliest.
• Process for demat includes opening a DP account and submitting certificates, PAN, and proofs.

Jindal Hotels Limited — Trading Window closed from Thursday, 1st October, 2026; will open 48 hours after the announcement to the Stock Exchanges of the Unaudited Financial Results of the 2nd Quarter ended on 30th September, 2026 by the Board of Directors in upcoming Board Meeting.

Re-appointment: Palak Gandhi

• Change type: Re-appointment of Palak Gandhi as Non-Executive Independent Director.
• Effective dates: 12 July 2027 to 11 July 2032, subject to shareholder approval.
• Reason: Re-appointment approved by 41st AGM held 22 September 2026.
• Profile: Finance professional with 22 years’ experience; CA; M.Com; costing and profitability focus.
• Board role: Independent Director since 12 July 2022; currently member of Audit, Stakeholder Rel., Nomination & Rem. committees.
• Relationships: Not related to other Directors or KMP.
• SEBI/LODR: Not debarred from holding office by SEBI or other authorities.
• Remuneration: Last drawn Rs 1.60 lakh in FY2025-26; proposed: sitting fees plus expenses.

AGM Details

• AGM held on 22 September 2026 at 2:00 PM IST via VC/OAVM.

Resolutions and outcomes

• Ordinary: Adopt audited financial statements for year ended 31 March 2026; Passed.
• Ordinary: Re-appoint director by rotation; Passed.
• Special: Re-appointment of Independent Director; Passed.
• Ordinary: Approve material related party transactions; Passed.

Dividend

• No dividend proposed or declared.

Director changes

• Director by rotation re-appointed; Independent Director re-appointed.

Material Related Party Transactions

• Approval of material related party transactions.

AGM Details

• AGM held on 22 September 2026 at 2:00 PM IST via VC/OAVM.

Book Closure & AGM Details

• Book closure from 16/09/2026 to 22/09/2026 (inclusive).
• Security: Equity shares of Rs. 10 each.
• Purpose: 41st AGM to be held on 22 September 2026 via VC/OAVM.
• Cut-off date: 15 September 2026 for voting rights and attendance.
• Event date: AGM scheduled for 22 September 2026.

Financial performance

• Revenue from operations and other income: ₹4,872.13 Lakhs in FY26.
• PBDIT rose to ₹1,344.56 Lakhs in FY26.
• PAT after tax: ₹211.44 Lakhs; Total OCI ₹5.83 Lakhs.
• Earnings per share: Basic & Diluted ₹3.02.
• Total comprehensive income: ₹217.27 Lakhs.

Capital structure & liquidity

• Total borrowings: ₹4,759.66 Lakhs; long-term ₹4,012.38 Lakhs.
• Debt-Equity ratio: 1.93; gearing improved to 1.92.
• Current ratio: 0.86; cash & equivalents ₹34.89 Lakhs.
• ROE: 8.58%; no default on borrowings.

Operations & brand developments

• Renovation of base category guest rooms completed.
• Grand Mercure Vadodara Surya Palace operates under Accor since 2017.
• Industry occupancy around 67-68%; ARR ~₹9,000-9,100 nationwide.
• Vadodara location supports sustained business travel demand.

Related party transactions

• Material RPT: land acquisition from MD and Director at Bhimnath Road for ₹18.94 Crore.
• RPT threshold: 38.96% of annual turnover, requiring AGM approval.
• Independent valuation by M/s Hitesh Shah & Associates confirms arm's-length pricing.
• Shareholders to approve the RPT; related parties excluded from voting.

Governance & board

• Board of six directors; three independent; no board changes in FY26.
• Audit Committee, NRC, and Stakeholders Relationship Committee functioning.
• Four board meetings held in FY26; independence declarations on file.

Risks & outlook

• Exceptional item ₹7.911 Crore due to new Labour Codes.
• Risks: competition, inflation, regulatory costs, geopolitical events.
• Outlook: continued hospitality demand growth; Accor brand benefits.

Audit, controls & disclosures

• Internal controls deemed adequate; statutory auditors report no material issues.
• Secretarial audit confirms compliance; no material qualifications.
• Ind AS-based financial statements; CSR not required under Act 135.