Apeejay Surrendra Park Hotels promoters hold unencumbered shares in FY26

Apeejay Surrendra Park Hotels disclosed that its promoters and persons acting in concert held 14,55,59,703 equity shares as on March 31, 2026, without any encumbrance during the financial year ended March 31, 2026. The declaration, submitted by Priya Paul on behalf of the promoter group, confirms that no shares were pledged directly or indirectly throughout the fiscal year. This filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The promoter group collectively holds a 68.22% stake in the company. The declaration details the shareholding of various entities within the group, highlighting the distribution of ownership among the promoters.

Shareholding Breakdown

The following table outlines the shareholding pattern of the promoter group as on March 31, 2026:

Sr. No.	Name of the Promoter/Promoter Group	No. of Shares	Percentage
1	Apeejay Engineering Private Limited	1,45,00,000	6.80%
2	Apeejay Agencies Private Limited	1,45,00,000	6.80%
3	Apeejay House Private Limited	1,45,00,000	6.80%
4	Apeejay Private Limited	1,54,00,726	7.22%
5	Apeejay Surrendra Management Services Private Limited	39,99,760	1.87%
6	Karan Paul	90,662	0.04%
7	Great Eastern Stores Private Limited	5,25,00,000	24.60%
8	Trustee Apeejay Surrendra Trust	3,00,02,400	14.06%
9	Priya Paul	47,075	0.02%
10	Indrani Dasgupta Paul	19,080	0.01%
Total		14,55,59,703	68.22%

Great Eastern Stores Private Limited holds the largest individual stake within the promoter group at 24.60%, followed by Trustee Apeejay Surrendra Trust at 14.06%. The declaration was addressed to the National Stock Exchange of India Limited and BSE Limited for record purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.25%	+4.28%	+1.19%	-9.53%	-27.56%	-40.80%

Apeejay Surrendra Park Hotels Limited reported a revenue from operations of ₹707.28 crore for the financial year ended March 31, 2026, an increase of 12% from ₹631.45 crore in the previous year. The company posted a profit after tax of ₹65.72 crore for FY26, a decrease of 21.4% from ₹83.60 crore in FY25. The Board of Directors has recommended a final dividend of Re. 0.75 per equity share for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The consolidated financial results, audited by M/s S.R. Batliboi & Co. LLP, Statutory Auditors, show an EBITDA of ₹218 crore for FY26, a 4.6% increase from ₹208.4 crore in the prior year. EBITDA margins stood at 30.82%, down 218 basis points year-on-year. Exceptional items for the year amounted to ₹3.8 crore, primarily related to the incremental impact of new Labour Codes notified by the Government of India. The statutory auditors issued an unmodified opinion on the audited standalone and consolidated financial results.

Q4 Performance

For the quarter ended March 31, 2026, the company recorded a revenue of ₹183.70 crore against ₹177.32 crore in the same quarter of the prior year. Net profit for Q4 declined to ₹11.88 crore from ₹26.58 crore year-on-year, reflecting margin pressure during the quarter. The company achieved a strong occupancy of 90% in Q4 FY26. The following table summarises key Q4 metrics on a year-on-year basis:

Metric	Q4 FY26	Q4 FY25
Revenue	₹183.70 Cr	₹177.32 Cr
Net Profit	₹11.88 Cr	₹26.58 Cr
EBITDA	₹52.99 Cr	₹62.09 Cr
EBITDA Margin	28.85%	35.03%

Key Annual Financial Metrics

The full-year financial results reflect revenue growth alongside pressure on profitability, as summarised below:

Metric	FY26 (₹ Cr)	FY25 (₹ Cr)
Revenue from Operations	707.28	631.45
Profit Before Tax	115.60	148.11
Profit After Tax	65.72	83.60
EBITDA	218.00	208.40
Total Assets	2,054.25	1,671.55

Strategic Acquisitions and Outlook

During the year, the Group acquired control of Zillion Hotels and Resorts Private Limited for a total consideration of ₹224.76 crore and Fishermans Grove Resorts Private Limited and Thali Hotels and Destinations Private Limited for a total consideration of ₹20.50 crore. These acquisitions, classified as asset acquisitions under Ind AS 103, expand the company's hospitality footprint in Mumbai and Kerala. Additionally, the company entered into a share purchase agreement to acquire Cochin Residency Private Limited, though control had not been acquired as of March 31, 2026. The record date for determining the members entitled to receive the dividend will be intimated in due course.

Flurys, the company's iconic bakery and confectionery brand, delivered a 29% YoY growth in revenue during FY26 and now operates 110 outlets. Mr Vijay Dewan, Managing Director, stated that the company remains on track to more than double its room inventory to 6653 keys over the next five years.

Investor Conference Call

Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted that the audio recording of the conference call held with investors and analysts on May 29, 2026, regarding the audited financial results for Q4 and FY26 has been uploaded to the company's website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE988S01028/0550cc77e1084b43.pdf