Viceroy Hotels Ltd

Rights issue details

• Rights issue up to 92.03 lakh shares at ₹115 each, ₹10,583.46 Lakhs total.
• Open 03 Sep 2026, close 11 Sep 2026; listing expected 17 Sep 2026; promoter to forgo entitlements.

Use of net proceeds

• Net proceeds ₹10,528.46 Lakhs; ₹4,135.13 Lakhs for loan repayments.
• ₹3,889.87 Lakhs for SLN borrowings repayment/pre-payment.
• ₹2,503.46 Lakhs for general corporate purposes.

Governance and promoter

• Board: 6 directors; 1 Executive, 3 Non-Executive, 2 Independent.
• Promoter Loko Hospitality; promoter group to forgo entitlement to meet MPS.

Material litigation

• WP No. 5687 of 2025 against Southern Power Distribution; ₹350 Lakhs claimed; materiality threshold ₹164.49 Lakhs.

Regulatory and listing status

• In-principle listing approvals from BSE and NSE; Rights Entitlements ISIN INE048C20025; Designated Exchange: BSE.

Financial snapshot

• FY2026 consolidated net worth ₹26,679.55 Lakhs; RoNW 6.87%; EPS ₹2.72; NAV ₹39.48 per share.

AGM calendar and voting timelines

• Register of Members and share transfer books closed 05 Sep 2026 to 10 Sep 2026 for 61st AGM.
• Annual General Meeting scheduled 10 Sep 2026 at 11:00 AM; via Video Conference/AV Means.
• Cut-off date for remote e-voting fixed at 04 Sep 2026 to determine eligible voters.

Financial performance

• Standalone revenue from operations: 12,981.07 lakh; down 2% YoY.
• Consolidated revenue: 14,319.64 lakh; up ~4.3% YoY.
• Standalone PBT: 2,046.53 lakh; Consolidated PBT: 2,091.65 lakh.
• Standalone PAT: 1,806.83 lakh; Consolidated PAT: 1,831.62 lakh.
• EBITDA margin stood at 30.62% for FY2025-26.
• Dividend: no dividend recommended for 2025-26.

Strategic growth & acquisitions

• Acquired Marriott Executive Apartments, Hyderabad, 75 rooms, for Rs 206 crore.
• SLN Terminus Hotels & Resorts Pvt Ltd acquired; becomes wholly owned subsidiary (Dec 29, 2025).
• Goodwill on acquisition: Rs 5,856.83 lakh.
• Phased Rs 100+ crore capex to upgrade properties; Phase I completed.
• Phase II expected FY27; Phase III by FY28; Courtyard renovation completed.

Portfolio & assets

• Hyderabad portfolio: Marriott Hyderabad (295 rooms), Courtyard Hyderabad (168), Marriott Exec Apartments (75).
• Total operational keys: 538; approx. 5 acres per asset.
• Upcoming Courtyard by Marriott Madhapur greenfield project in Hyderabad IT corridor.

Capital structure & dividends

• Authorized share capital Rs 9,000 lakh; paid-up Rs 6,757.89 lakh; 6,75,78,948 shares.
• Promoter Loko Hospitality holds 84.11% stake.
• Rights issue in 2024-25: 44,21,053 shares; Rs 4,951.58 lakh proceeds.
• No dividend for FY2025-26.
• Consolidated equity stood at Rs 26,679.55 lakh.

Governance & leadership changes

• Shruti Gupta and Pooja Reddy Konda Reddy resigned w.e.f 14-11-2025.
• Sukanya Kondareddy appointed w.e.f 14-11-2025; Vaishnavi Nalabala appointed Independent Director w.e.f 01-12-2025.
• MD & CEO Ravinder Reddy Kondareddy continuing; Board met five times; Audit Committee met five times.

Related party transactions

• Material related party transactions with SLN Terminus; investments up to Rs 206 crore.
• Corporate Guarantee of Rs 4,000 lakh provided to SLN Terminus for term loans.
• SLN Terminus became wholly owned subsidiary; several intercompany transactions disclosed.

CSR & ESG

• CSR expenditure Rs 27.24 lakh; 2% of average net profit Rs 22.97 lakh.
• Contributed Rs 6.00 lakh to Sukhi Seva Foundation.
• Excess CSR spend Rs 4.27 lakh carried forward.

Outlook & risks

• Hyderabad remains a high-growth hospitality market; strong IT, MICE demand said to persist.
• Industry outlook: FY27 revenue growth 7-9%; occupancy 72-74%; ARRs Rs 8,600-8,800.

AGM Details

• 61st AGM for FY 2025-26 on 10 September 2026 at 11:00 AM via VC/OAVM.
• Notice and annual report dispatched on 19 August 2026.
• Web-link to annual report available on the company's website.

Overview

• Rights issue approved for 9,203,008 shares at ₹115; aggregate ₹10,583.46 Lakhs.
• Record date fixed at 20 August 2026.
• Promoter group to forgo entitlement to meet minimum public shareholding.
• Issue price ₹115; ex-rights price ₹131.15.

Use of Proceeds

• Net proceeds ₹10,528.46 Lakhs after ₹55.00 Lakhs expenses.
• ₹4,135.13 Lakhs to part-repay loans; ₹3,889.87 Lakhs to SLN; ₹2,503.46 Lakhs for general corporate purposes.

Regulatory & Timeline

• Minimum subscription 90%; refunds if unsubscribed within 4 days; listing approvals obtained.
• Issue opening 3 Sep 2026; closing 11 Sep 2026; final allotment 15 Sep; listing 17 Sep 2026.
• Material litigation: WP 5687/2025 vs Telangana Southern Power Distribution Co. Ltd; ₹350 Lakhs.

Governance

• Board has 6 directors; MD & CEO Ravinder Reddy Kondareddy.

Rights Issue Record Date and Terms

• Purpose: determine eligibility to participate in the rights issue.
• Security: fully paid-up equity shares of ₹10 face value.
• Record Date: 20 August 2026.
• Rights issue size: 92,03,008 shares for up to ₹10,583.46 Lakhs.
• Rights price: ₹115 per share; premium ₹105.
• Rights entitlement ratio: 6 rights shares for every 7 held.
• Opening date: 03 September 2026; on-market renunciation 03–07 September 2026.
• Closing date: 11 September 2026; extension up to 30 days allowed.
• ISIN: INE048C20025.
• Pre-issue outstanding: 6,75,78,948 shares.
• Post-issue outstanding: 7,67,81,956 shares (assuming full subscription).
• Fractional entitlements ignored; eligible shareholders may receive one additional share on extra allotment.
• Zero entitlement for holders with fewer than 7 shares; cannot renounce.

Rights issue details

• Instrument: fully paid-up equity shares of ₹10 face value.
• Shares: 92,03,008 shares for ₹10,583.46 Lakhs aggregate.
• Price: ₹115 per share includes ₹105 premium.
• Record date: 20 August 2026.
• Entitlement: 6 rights shares for every 7 held.
• Opening date: 3 September 2026; Renunciation: 3–7 September 2026.
• Closing date: 11 September 2026, extendable up to 30 days.
• ISIN: INE048C20025.
• Pre/post issue issued shares: 6,75,78,948 (pre); 7,67,81,956 (post, full subscription).

Entitlement mechanics

• Fractional entitlements ignored; extra one share may be allotted if applying.
• Shareholders with under 7 shares on record date have zero entitlement but may apply for more.
• Abeyance: entitlements for disputed or dematerialised holdings held until resolution.

Capital and listing

• Pre-issue outstanding shares: 6,75,78,948.
• Post-issue outstanding shares (assuming full subscription): 7,67,81,956.
• Aggregate issue size: ₹10,583.46 Lakhs.
• Listing: LOF to be filed with BSE/NSE; in-principle approvals obtained.

Listing and disclosures

• In-principle approvals for rights issue from BSE/NSE dated 11 Aug 2026.
• LOF to be filed with BSE and NSE.
• Rights Entitlement ISIN and LOF available on company website.

Other terms

• Dividend, if any, to be declared by the board as per law.
• Rights issue to be aligned with LOF terms; abeyance rules apply.

Viceroy Hotels Limited trading window closed from immediate effect until end of 48 hours after the conclusion of the Rights Issue Committee meeting on 14 August 2026

Standalone results

• Standalone revenue from operations: 3,273.92 lakhs.
• Standalone total income: 3,593.00 lakhs.
• Standalone PBT: 109.57 lakhs; PAT: 115.37 lakhs.
• Standalone EPS (basic and diluted): 0.17.
• Single segment: Hoteliering.

Consolidated results

• Consolidated revenue from operations: 4,490.19 lakhs.
• Consolidated total income: 4,519.44 lakhs.
• Consolidated PBT: 137.68 lakhs; PAT: 144.86 lakhs.
• Consolidated EPS (basic and diluted): 0.21.
• Single segment: Hoteliering.

Corporate actions & outlook

• Rights issue up to Rs 107 crore to meet MPS; public shareholding 15.89%.
• 61st AGM on Sep 10, 2026 at 11:00 AM via video conference or AV.
• Scrutiniser appointed: Ms. S.S. Reddy & Associates.