Benares Hotels fixes July 16 record date for dividend
Benares Hotels Limited has announced July 16, 2026, as the record date for a ₹25 per share dividend, subject to approval at the 55th AGM on July 23, 2026. The company reported FY26 total income of ₹14,490.33 lakhs and a net profit of ₹4,323.89 lakhs. The AGM will also consider director appointments and commission payments.
*this image is generated using AI for illustrative purposes only.
Benares Hotels Limited has fixed Thursday, July 16, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹25 per equity share. The dividend, recommended by the Board of Directors, is subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the payout will be made on and from Monday, August 3, 2026, subject to tax deduction at source.
The 55th AGM is scheduled to be held on Thursday, July 23, 2026, at 3.00 p.m. IST via video conferencing. The meeting will transact business including the consideration of financial results for the year ended March 31, 2026, and the re-appointment of directors. Remote e-voting facilities will be available to members from Sunday, July 19, 2026, at 9.00 a.m. IST until Wednesday, July 22, 2026, at 5.00 p.m. IST.
Financial Performance
For the financial year ended March 31, 2026, the company reported a total income of ₹14,490.33 lakhs, compared to ₹14,066.82 lakhs in the previous year. Profit after tax for FY26 stood at ₹4,323.89 lakhs, slightly lower than the ₹4,324.95 lakhs recorded in FY25. The company's Gross Operating Profit (EBIDTA) increased to ₹6,543 lakhs from ₹6,452 lakhs in the prior year. Capital expenditure for the year rose significantly to ₹6,009.81 lakhs, primarily due to the addition of 100 new rooms at Taj Ganges, Varanasi.
| Metric | FY26 (₹ Lakhs) | FY25 (₹ Lakhs) |
|---|---|---|
| Total Income | 14,490.33 | 14,066.82 |
| Profit Before Tax | 5,806.43 | 5,810.97 |
| Profit After Tax | 4,323.89 | 4,324.95 |
| Total Equity | 21,262.98 | 17,271.59 |
Board and Governance Updates
Shareholders will vote on the re-appointment of Dr. Anant Narain Singh, who retires by rotation. The meeting will also consider the appointment of Mr. Rajendra Misra as a Non-Executive Director and Mr. Anupam Chaturvedi as an Independent Director for a term of five years from April 29, 2026, to April 28, 2031. A special resolution proposes to pay commission to directors not exceeding three percent per annum of the net profits. Mr. Arvind Kohli, Practising Company Secretary, has been appointed as the scrutinizer for the e-voting process.
Historical Stock Returns for Benares Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.20% | +0.47% | +1.26% | +9.75% | +4.79% | +547.91% |
How will the significant capital expenditure on the 100 new rooms at Taj Ganges impact occupancy rates and revenue per available room (RevPAR) in FY27?
Will the company maintain similar dividend payout levels in the future given the flat profit after tax and increased investment in capacity expansion?
What is the expected return on investment timeline for the newly added rooms, and how might it affect free cash flow in the near term?
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