Robust Hotels Ltd

AGM notice and online access

• 19th AGM scheduled for 15 September 2026 via VC/OAVM at the registered office.
• Shareholders without registered emails will receive a weblink to access the AGM notice and annual report.
• Web link and exact navigation path available under Investors > Stock Exchange Communication.
• Exemption granted from sending physical copies of notices and annual reports.
• Registrations required: update email and mobile with DP or RTA to receive login IDs.
• Demat holders will receive login credentials after verification.
• New members after dispatch may obtain credentials as per AGM notice.
• Attendance and voting can occur remotely; voting allowed during AGM.
• Queries can be directed to Registrar via online investor portal and phone.
• Notice and annual report hosted on BSE/NSE websites.

Financial highlights

• Revenue from operations: 14,827.02 Lakhs; prior year 13,628.04.
• Total income: 16,575.43 Lakhs; up from 15,621.37.
• EBITDA: 6,680 Lakhs; up about 20% YoY.
• PAT: 2,470.27 Lakhs; up ~50% YoY.
• Rooms revenue: 7,716.16 Lakhs; occupancy 72.94%; ARR Rs 8,918.
• EPS: Rs 14.29 (basic and diluted).
• Net cash from operating activities: 4,563.66 Lakhs.
• Net profit margin: 14.90% (ratio).
• Dividend: no dividend declared.

Hotel operating performance

• Hyatt Regency Chennai delivered highest revenue and profitability since inception.
• Total hotel operating revenue: 14,794 Lakhs; growth driven by Rooms and F&B.
• Average room rate rose 12.68% to Rs 8,918.
• F&B revenue grew about 6.3%; weddings/events boosted mix.
• Total income rose to Rs 165.75 Crores from Rs 156.21 Crores.

Capital structure & liquidity

• Equity share capital: Rs 1,729.17 Lakhs; total equity: Rs 74,206.77 Lakhs.
• Total borrowings: Rs 15,163.92 Lakhs; long-term Rs 14,327.28; current Rs 836.64.
• Net debt: Rs 15,163.92 Lakhs; gearing 16.97%.
• Current ratio: 6.27; debt service coverage ratio: 3.25; ROE: 3.39%.
• Cash and cash equivalents: Rs 268.03 Lakhs.

Sustainability & ESG

• 89% of electricity from wind; wind power major energy source.
• Hyatt Regency Chennai EarthCheck Silver certified.
• Bio-CNG system with bulk kitchen connect; LOT system to reduce LPG losses.
• LED lighting upgrades; Building Management System under consideration.

Governance & risk

• Statutory auditors: V Singhi & Associates; internal auditor: SPR & Co; secretarial: V Mahesh.
• Re-appointment of Mahendran S as Manager proposed for 1 year; remuneration cap Rs 20 Lakhs.
• Independent Directors meet; governance framework and risk management committee in place.
• GST Act 2017 demand: 179.58 Lakhs; consumer court: 5.10 Lakhs.

Related party transactions

• NHPL loan outstanding: Rs 174.80 Crores; interest receivable Rs 15.96 Crores.
• Total Novak Hotels Private Limited loan advanced: Rs 31.20 Crores; outstanding Rs 174.80 Crores.
• Remuneration to key managers: TN Thanikachalam Rs 70.38 Lakhs; Yasotha Rs 12.98; Mahendran Rs 15.59.
• AHEL service sales: Rs 0.50 Lakhs; receipts Rs 6.00 Lakhs.
• Promoter holdings total 65.63% (Rs 1,13,49,179 shares).

Outlook & guidance

• FY2026-27 outlook positive; demand across segments expected to remain robust.
• Focus on direct bookings, expansion of F&B and MICE; technology investments.
• Maintain prudent financial management; continue asset quality and guest experience investments.

Rating action

• Long-term rating upgraded to Crisil BBB+/Stable from BBB/Stable.
• Short-term rating upgraded to Crisil A2 from A3+.
• Overall bank facilities rated: Rs 170 crore.

Instruments Rated

• Long-term: Crisil BBB+/Stable; Short-term: Crisil A2.
• Total bank loan facilities rated: Rs 170 crore.

Agency

• CRISIL Ratings

Rationale

• Improved business risk profile due to higher Hyatt Chennai ARR and operating margin.
• Revenue grew 12% CAGR to about Rs 148 crore through FY2026.
• Gearing under 0.5x as on 31 Mar 2026; debt protection comfortable.
• Liquidity comfortable with unencumbered surplus above Rs 20 crore.
• Weaknesses: single-asset concentration and sizable NHPL exposure.
• Geographic concentration risk.

Outlook

• Outlook: Stable.

Rating sensitivities

• Upward: revenue growth and margin sustain; debt reduction; liquidity.
• Downward: revenue decline or profitability drop; large debt-funded capex; NHPL exposure.

Material changes since last rating

• Upgraded long-term and short-term ratings; upgrade from BBB/Stable and A3+ to BBB+/Stable and A2.

Financial highlights

• Operating income 2025: Rs 136.3 crore; PAT Rs 16.5 crore.
• PAT margin 12.1% in 2025; interest coverage 2.64x.

Manager reappointment

• Reappointed Mr. Mahendran S as Manager for one year, effective 01 October 2026.
• Subject to shareholders' approval.
• Not debarred from holding office by SEBI or any authority.
• 17 years in finance management; skilled in budgets, audits, asset performance, capex monitoring.
• Disclosure of relationships with directors: Not Applicable.

Meeting Details

• Board meeting scheduled for 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited financial results for quarter ended 30 June 2026.

Other Notes

• No other material governance or financial actions disclosed.

Dematerialisation processing and listing

• Dematerialisation requests processed; RTA confirmed accept/reject to depositories for the quarter.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Key details

• Target Company: Robust Hotels Limited
• Disclosing Party: Ratna Devi Saraf (Seller, Promoter); Acquirers/Promoter Concert: Arun Kumar Saraf (Promoter), Umesh Saraf (Promoter), Ratna Saraf (Promoter), Saraf Industries Limited (Promoter).
• Transaction Type: Disposal of equity shares via off-market inter-se transfer by gift
• Pre-Transaction Holding: Ratna Saraf – 40,53,040 shares (23.44%); Promoter group total – 1,13,49,179 shares (65.63%).
• Transaction Details: 20,26,520 shares (11.72%) disposed; instrument: Equity shares; mode: Off-market inter-se transfer by Gift.
• Post-Transaction Holding: Ratna Saraf – 20,26,520 shares (11.72%); Promoter group total – 1,13,49,179 shares (65.63%).
• Date of Transaction: 30/06/2026
• Share Capital Context: Before/after equity capital: 20,39,618; Total diluted share/voting capital after: 1,13,49,179 (65.63%).

Promoter inter-se gift transfer

• Nature: Inter-se transfer of promoter shares by gift.
• Exemption: Regulation 10(1)(a)(i) of SEBI SAST Regulations.
• Acquirer: promoter; Transferor: promoter (immediate relative).
• Shares transferred: 2,026,520 shares; post acquirer holding 11.80%.
• Method: Gift; Consideration: Nil.
• Pre-transaction holdings: acquirer 0.08%; transferor 23.44%.
• Post-transaction holdings: acquirer 11.80%; transferor 11.72%.
• Aggregate promoter holding unchanged; no change in public shareholding or control.