Juniper Hotels Ltd

Juniper Hotels Limited trading window closed from October 01, 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026

Meeting Details

• Date and time: September 22, 2026, 11:00 a.m. to 5:00 p.m.
• Mode and type: In-person group meeting.
• Conference name: Anand Rathi Annual Flagship Conference, G-200 Summit 2026.
• Location: Taj Santacruz, Mumbai.

Participants

• Company representative: Company Secretary and Compliance Officer.

Purpose

• Purpose: Schedule of Analyst / Institutional Investor meeting.

Additional Notes

• Presentations to be available on the company website.

Target at a glance

• Target: Novotel Imagicaa, operating hotel in Khopoli, Maharashtra (11 acres, 287 rooms).
• Built-up area ~280,000 sq ft; adjacent to Imagicaa Theme Park and Water Park.
• Consideration: Rs 248 crore cash; subject to TDS, stamp duty, costs and adjustments.
• Completion targeted on or before 31 March 2027, subject to conditions precedent.
• Not a related-party transaction; no promoter/group interest.
• No equity or control being acquired (no shares in target).

Rationale & approvals

• Strategic rationale: strengthens hospitality portfolio with large, cash-generating asset in Mumbai-Pune corridor.
• Adds diversification across leisure, social and MICE demand; potential upscale rebrand.
• Regulatory approvals: statutory, regulatory, shareholder, lender and other consents required.

Deal background

• Seller: Imagicaaworld Entertainment Limited (formerly Adlabs Entertainment Limited).
• Target operates 287-key hotel with facilities; located Khopoli, Raigad, Maharashtra.
• Property near Imagicaa Theme Park and Water Park; 11 acres, 280,000 sq ft built-up.

AGM Details

• AGM conducted on August 27, 2026 at 11:35 a.m. via VC/OAVM.
• Record date: 20 August 2026.

Resolutions Put to Vote

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): Appoint director by rotation; passed.
• Resolution 3 (Ordinary): Re-appoint S R B C and Co LLP as statutory auditors; passed.
• Resolution 4 (Special): Re-appoint Arun Kumar Saraf as CMD and fix remuneration; passed.
• Resolution 5 (Special): Approve loans/guarantees/securities in related parties under Section 185; passed.

Dividend

• No dividend declared or proposed.

Directors & Management Changes

• Director Elton Wong retired by rotation; re-appointed.
• Arun Kumar Saraf re-appointed as Chairman and Managing Director; remuneration fixed.

Auditors

• S R B C and Co LLP re-appointed as Statutory Auditors.

Material Related Party Transactions

• Approval of loans, guarantees, and securities in related parties under Section 185.

Meeting Details

• Conference: Ashwamedh-Elara India Dialogue 2026
• Date: September 2, 2026
• Time: 2:00 p.m.–5:00 p.m.
• Mode: In-person
• Type: Group meeting
• Location: Grand Hyatt, Santacruz, Mumbai

Purpose

• Purpose: Schedule of meeting with analysts/institutional investors

Participants

• Key company participants: Company Secretary and Compliance Officer

Additional Notes

• Materials will be available on the company website (recording/transcript/presentation)

FSSAI clarification (Andaz Delhi)

• No FSSAI notice relating to Andaz Delhi was reported or communicated by the authority.
• Routine FSSAI inspection at Andaz Delhi on June 22, 2026; company cooperated and provided information.
• An Action Taken Report has been submitted to FSSAI and improvements implemented.
• Inspections are routine and not a reportable event under SEBI LODR Regulation 30.
• Allegations of deficiencies in safety and hygiene rejected; issue misattributed to a different Delhi hotel.

Key financials and growth plan

• FY2026 income exceeded Rs 1,000 crore; EBITDA Rs 444 crore (42% margin); PAT Rs 141.6 crore.
• Growth drivers: higher room rates, better mix, operating leverage, cost efficiencies.
• Capex planned: Rs 1,930 crore to FY31, funded largely from internal surplus.
• Juniper 2.0 targets ~4,000 keys by 2030-31.
• Bengaluru: 238 Westin keys open Oct 2026; marks first Marriott Hotel.
• Bengaluru Phase 2: ~250 rooms and 25 apartments; total >500 keys.
• Brand partnerships: Hyatt long-standing; Marriott-Westin association for Bengaluru asset.
• New Delhi: 550-key Grand Hyatt Dwarka; Guwahati: 263 keys + 14 serviced apartments under Grand Hyatt (Kaziranga).
• Two adjoining land parcels near Grand Hyatt Mumbai to unlock value; selective brownfield acquisitions.
• Governance: strong board and committees; disciplined growth and risk controls.

AGM Details

• AGM held Aug 27, 2026, via VC/OAVM, from 11:30 a.m. to 12:02 p.m. IST.
• Meeting commenced 11:35 IST and concluded 12:02 IST.
• Mode: VC/OAVM; 45 members attended.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for year ended Mar 31, 2026.
• Re-appoint Elton Wong as director after rotation.
• Re-appoint M/s SRB C & Co. LLP as Statutory Auditors.
• Re-appoint Arun Kumar Saraf as Chairman & MD with remuneration.
• Approve loans, guarantees and securities in related companies under Section 185.

Voting & Outcomes

• All resolutions deemed passed, subject to requisite majority; results to be declared within two working days.
• Scrutinizer appointed; results to be declared within two working days.

Governance Notes

• Directors present: Chairman and MD; one non-exec director; two independent directors; President; Company Secretary.
• Remuneration approval for MD and related-party approvals covered under resolution 5.