The Byke Hospitality Ltd

AGM Details

• Date and time: AGM held on a scheduled date at fixed time.
• Mode: In-person physical meeting in Mumbai.
• Venue: Hotel ICONIQA, Andheri East, Mumbai.
• Record date observed.
• Shareholder attendance: promoter and public participants; no video conference.

Key Resolutions

• Ordinary: Adoption of Audited financial statements and reports — Passed.
• Ordinary: Re-appointment by rotation of retiring director — Passed.
• Special: Re-appointment of Chairman — Passed.
• Special: Appointment of another Director — Passed.

Voting Results

• Adoption: Passed; broad support reported.
• Rotation: Passed; no material opposition reported.
• Chairman: Passed; small opposing votes.
• Other Director: Passed; minor opposition reported.

Director Changes

• Directors: One director re-appointed by rotation.
• Chairman: Re-appointed.
• Other director: Appointment approved.

Auditors / Related Parties

• Auditors: No change reported.
• Material RPTs: None disclosed.

Dividend and Other Matters

• Dividend: Not mentioned in the filing.

AGM Details

• AGM held on 26 September 2026 at 10:30 AM IST, physical meeting at Hotel ICONIQA, Mumbai.
• Record date: 14 September 2024.

Key Resolutions

• Ordinary resolution to adopt audited financial statements and directors' reports.
• Ordinary resolution to re-appoint a director by rotation.
• Special resolution to re-appoint a director.

Voting Results

• Resolution 1 passed; no dissent recorded.
• Resolution 2 passed; no dissent recorded.
• Resolution 3 passed; no dissent recorded.

The Byke Hospitality Limited — Trading Window closed from October 01, 2026 till the closure of 48 hours after the Unaudited Financial Results of the Company for the Quarter and half year ended September 30, 2026 being declared in the upcoming Board Meeting

AGM details

• Date and time: 26 September 2026, 10:30 AM IST; mode: physical AGM with e-voting facility.

Key resolutions and outcomes

• Adopt Audited Financial Statements for year ended 31 March 2026; Ordinary resolution passed.
• Appoint director by rotation (Pramod Kumar Patodia); Ordinary resolution passed.
• Re-appoint Anil Chothmal Patodia as Chairman and Managing Director; Special resolution passed.

Book closure details

• Book closure: Sep 20, 2026 to Sep 26, 2026 (inclusive) for 36th AGM.
• AGM date: Sep 26, 2026.
• Cut-off date for remote e-voting: Sep 19, 2026.

AGM corrigendum

• Cut-off date for voting eligibility revised to 19 Sep 2026.
• 36th AGM scheduled 26 Sep 2026 at Mumbai; corrigendum accompanies AGM materials.
• Corrigendum read with original Annual Report and Notice of AGM.
• Contents unchanged; corrigendum to be emailed and published/uploaded.

Financial snapshot

• Total income ₹10,816.38 lakh in FY2025-26.
• Income from operations ₹10,668.50 lakh; YoY growth implied.
• Profit before tax ₹685.63 lakh; prior ₹439.52 lakh.
• Profit after tax ₹670.45 lakh; YoY increase from ₹459.46 lakh.
• Basic and diluted EPS ₹1.28 per share.
• EBITDA ₹670.45 lakh; margin ~6.28%.
• PAT margin 6.28%; ROCE 15.59%.
• Gearing 5.52%; net debt ₹12.78 crore; cash ₹3.97 crore.
• Debt-to-equity ratio 0.07x.

Portfolio and operations

• 35 properties across 12 states and 22 cities; 1744+ rooms.
• FY2025-26 hotel revenue: rooms ₹66.27 crore; F&B/events ₹40.42 crore; total ₹106.69 crore.
• Asset-light model; long-term leases 10-20 years.
• Eight properties operational; three on track to become operational.
• Refurbishment/rebranding during rent-free periods.
• Pure vegetarian dining across Farm Fresh and Spice Lounge.
• F&B/events growth outpaces room revenue.

Capital structure & dividends

• Authorised capital ₹53.40 crore; paid-up capital ₹52.28 crore; no change.
• Dividend not recommended for FY2025-26.
• FY2024-25 preferential issue; proceeds used for borrowings and general corporate purposes.

Governance and leadership

• Board comprises six directors; mix of Executive, Non-Executive and Independent Directors.
• Madhuri R. Dhanak reappointed as Independent Director from 12 Feb 2026 for five years.
• Ritika Jaiswal appointed Company Secretary & Compliance Officer from 27 Jul 2026.
• Internal auditor changed to Maheshwari Maheshwari & Co for 2026-27.
• Independent Directors meeting held; declarations of independence filed.

Audit, risk and controls

• Statutory Auditor: Bilimoria Mehta & Co; Secretarial Auditor: Suman Sureka & Associates.
• Internal controls found adequate; no material weaknesses disclosed.
• No frauds reported; CFO/CEO certifications on financial statements provided.

CSR and sustainability

• CSR expenditure ₹7.50 lakh vs statutory ₹6.21 lakh; Sunil Patodia Welfare Foundation.
• Average net profit (last 3 years): ₹310.41 lakh.
• CSR policy and projects disclosed on the company website.

Outlook and strategic direction

• GST on affordable rooms reduced to 5% from Sep 2025; supports mid-scale segments.
• Industry outlook: 7-9% revenue growth expected FY2026-27 per ICRA.
• Byke aims for 100 hotels nationwide by 2030; eight operational; three more on track.
• Emphasis on technology, RevYoG PMS, loyalty programs, and digital engagement.

Risks and governance remarks

• Risks: competition, demand volatility, seasonality, operational disruptions.
• Robust risk management framework with board oversight; environment with asset-light growth.