Taj Gvk Hotels & Resorts Ltd

Promoter group reclassification

• Board approved 31.07.2026 reclassifying IHCL from promoter group to public.
• Intimation under Regulation 30 filed; seeking exchange approvals on 05.08.2026.
• Intimation under SEBI LODR Regulation 30 details the governance change.

Promoter reclassification and steps

• IHCL requests reclassification from promoter to public; board approved on 31.07.2026.
• IHCL sold 1,60,00,400 equity shares (25.52%) on 30.12.2025.
• IHCL currently holds no equity in Taj GVK Hotels & Resorts.
• Regulatory steps will be taken under Regulation 31A of the Listing Regulations.

AGM newspaper advertisement

• Announces 31st AGM via newspaper advertisement referencing BSE 532390 and NSE TAJGVK.
• CFO and Company Secretary J Srinivasa Murthy signs the notice.

Regulatory intimation

• Intimation under Regulation 30 of SEBI LODR Regulations, 2015.
• BSE code 532390; NSE symbol TAJGVK.
• Issuer: Taj GVK Hotels & Resorts Limited.
• Signed by CFO & Company Secretary J Srinivasa Murthy.

Dividend record date and payout

• Record date fixed as 1 September 2026 for dividend entitlement.
• Security: equity shares.
• Dividend of Rs 2 per equity share (100% of face value) proposed.
• Dividend subject to approval of members at the AGM.
• Dividend paid within 5 days from the AGM date.

Financial performance

• Standalone revenue ₹502.53 cr; EBITDA ₹175.31 cr; PAT ₹116.97 cr.
• RevPAR up 26% YoY across the portfolio.
• Consolidated PAT ₹410.27 cr, vs ₹117.19 cr prior year.
• Dividend declared 100%: ₹2 per equity share, subject to AGM.
• Standalone EPS ₹18.51; book value per share ₹116.55.
• Borrowings ₹70.44 cr; debt/equity 0.09:1; shareholders’ funds ₹730.79 cr.
• Consolidated revenue from operations ₹50,844.63 lakhs; Consolidated EPS ₹65.31.

Subsidiaries & acquisitions

• Green Woods Palaces and Resorts Private Limited became a subsidiary on 10 Feb 2026.
• Green Woods topline ₹236.51 cr; PAT ₹49.04 cr; dividend ₹6 per equity share.
• Green Woods consolidated line-by-line from 10 Feb 2026; previously equity-method JV.
• Gain on business combination recognized: ₹28,264.42 lakhs in Consolidated P&L.
• Non-controlling interest in consolidation: ₹39,511.65 as of 31 Mar 2026.

Governance & corporate actions

• IHCL sold 25.52% stake to GVK group; promoter share now 74.99%.
• IHCL nominees resigned from Board on 30 Dec 2025.
• Dia Mehta Bhupal appointed Additional Director as Non-Executive & Non-Independent from 31-07-2026.
• Name change proposed to Krishna GVK Luxury Hotels Limited; name-availability approved 05-08-2026.
• Board size 12; resolutions for re-appointments and name-change to be approved.

Capex & renovations

• Renovation of 24 Taj Deccan guest rooms; major upgrades at Taj Krishna gym and spa.
• Bengaluru project: 7.5 acres, 255 rooms; estimated cost ₹450 cr; occupancy and Fire/CFO clearances.
• Renovation spend of ₹8.01 cr in the year on properties.
• Acquired 15,05,100 Green Woods shares for ₹16.09 cr; increases stake to 51%.

ESG and sustainability

• Aligned with IHCL's PAATHYA; 2030 targets: 50% energy from renewables; 100% wastewater recycling.
• Eliminate single-use plastics beyond 10 mandated items; 100% hotels EarthCheck certified.
• FY2025-26: 25% energy from renewables; 99% waste recycled; 4/5 hotels ZLD.
• Supplier Code of Conduct; 90% of Tier-1 suppliers conform.

Audit, controls & governance

• Statutory auditors M. Bhaskara Rao & Co; unmodified opinions.
• Secretarial audits by Vidya Rani & Associates; annexures attached.
• Internal controls deemed adequate; SAP S/4HANA rollout completed with audit trail.
• Independent Directors form Board; performance evaluations conducted annually.

Outlook & risks

• Global macro uncertainties, especially West Asia; potential travel disruptions.
• Indian hospitality market: ICRA projects 7-9% revenue growth FY2026-27.
• Ongoing capex to support Bengaluru project and portfolio upgrades.
• Energy management and ESG initiatives to drive cost efficiencies and brand strength.

Overview

• Hotel and hospitality company; BRSR FY2025-26 forms part of the Annual Report.
• Main activities: hotels/motels and restaurant/catering; turnover contributions cited.
• 5 properties; markets include business travellers, leisure tourists, event delegates, wedding guests.

Key ESG Risks & Opportunities

• Material issues identified: waste management, water and energy efficiency, and resilience.
• Opportunities include waste repurposing and efficiency improvements; mitigated by internal audits.
• Financial implications of these items are not disclosed in the section.

Governance & Policy Highlights

• CSR disclosures and NGRBC compliance sections are included.
• NGRBC training: four programs with 100% employee/worker coverage.
• Complaints under NGRBC: 22 filed; 1 pending.
• PAT designated DCs: 2 sites identified.

Social Responsibility & Workforce

• Total employees/workers: 932; permanent employees 410 and permanent workers 522.
• Training coverage on health and safety and skill upgrades at 100%.
• CSR programs include TAAP, capacity building, cultural preservation, and employee volunteering.

Environmental Performance

• Total energy consumption 114,741 GJ; renewable energy 28,172 GJ.
• Energy intensity 24.20 GJ per million turnover.
• PAT DCs identified: 2 sites.
• Waste generated 476 MT; recycled 470 MT; disposed 6 MT.

Stakeholder Engagement & Complaints

• Grievance mechanism exists; complaints under NGRBC tracked.
• Complaints filed: 22 in FY 2023-24; 1 pending at year-end.

Other Notable Metrics

• Total energy from renewables contributed 28,172 GJ within overall energy use.
• Waste management practices described; emphasis on recycling and reuse where applicable.

AGM Details

• Date and time: 9 September 2026, 11:00 AM IST, via Video Conferencing/OAVM.
• Notice forms part of Annual Report for FY 2025-26.

Key Resolutions

• Ordinary Resolution: appointment/reappointment of Mr. Anoop Vrajlal Mehta.
• Special Resolution: reappointment of Mrs. G Indira Krishna Reddy.
• Special Resolution: change of name to Krishna GVK Luxury Hotels Limited and MOA/AOA amendments.
• Ordinary Resolution: appointment/reappointment of Mrs. Dia Mehta Bhupal.