Benares Hotels Limited announced its audited financial results for the financial year ended March 31, 2026, alongside significant board changes during a meeting held on April 29, 2026. The company reported a profit after tax of ₹4,323.89 lakh for FY26, compared to ₹4,324.95 lakh in the previous year, with total income increasing to ₹14,490.33 lakh from ₹14,066.82 lakh in FY25.

Financial Performance Overview

The board approved the audited financial statements with an unmodified opinion from statutory auditors PKF Sridhar & Santhanam LLP. For the quarter ended March 31, 2026, the company recorded income from operations of ₹4,859.96 lakh and profit after tax of ₹1,534.62 lakh. The earnings per share (basic and diluted) stood at ₹332.61 for FY26, compared to ₹332.69 in the previous year.

Dividend Recommendation

The board has recommended a dividend of 250%, amounting to ₹25 per share on 13,00,000 equity shares of ₹10 each. This matches the previous year's dividend distribution and is subject to shareholder approval at the upcoming Annual General Meeting. The total dividend payout amounts to ₹325 lakh.

Board Restructuring

In a significant corporate governance development, the board announced changes effective April 29, 2026. Mr. Beejal Desai resigned as Non-executive, Non-Independent Director at the close of business hours. Concurrently, the board appointed two new directors to strengthen its composition.

Mr. Rajendra Misra has been appointed as Additional Non-executive, Non-Independent Director. He brings over 30 years of legal expertise and currently serves as Executive Vice President - General Counsel & Corporate Affairs at The Indian Hotels Company Limited. His experience spans multiple sectors including personal care, home care, tobacco, food, and lifestyle retailing.

Mr. Anupam Chaturvedi has been appointed as Additional Non-executive, Independent Director for a five-year term from April 29, 2026, to April 28, 2031, subject to shareholder approval. He is the Founder and CEO of ACe Pansophy, focusing on MSME advisory services, and brings 28 years of experience from DZ BANK AG, Germany's second-largest private sector banking group.

Operational Highlights

The company noted that Taj Ganges, Varanasi successfully opened another 100-room block with plush interiors and a classical Anglo-Indian Bar, recording more than 80% occupancy in March 2026. Additionally, the company accounted for an exceptional item of ₹13.34 lakh related to the incremental impact of the four Labour Codes notified by the Government of India in November 2025.

The board meeting commenced at 4:30 pm and concluded at 7:30 pm on April 29, 2026. The financial results are available on the Bombay Stock Exchange website and the company's official website.

Benares Hotels Limited has announced its board meeting schedule to review the company's annual financial performance and consider dividend recommendations for shareholders.

Board Meeting Details

The company has scheduled a board meeting for April 29, 2026, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will focus on taking on record the audited financial results for both the quarter and year ended March 31, 2026.

Dividend Consideration

The board will also deliberate on recommending a final dividend on the equity shares of the company for the financial year ended March 31, 2026. Any dividend recommendation will require approval from shareholders at the ensuing Annual General Meeting.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has implemented trading window restrictions to ensure compliance with insider trading norms.

The designated persons have been notified about these trading restrictions, ensuring proper compliance with regulatory requirements during the financial results announcement period.

Company Information

Benares Hotels Limited operates with its registered office located at Taj Ganges, Nadesar Palace Compound, Varanasi, and maintains its corporate office at Taj Palace, Sardar Patel Marg, New Delhi. The company carries CIN L55101UP1971PLC003480 and maintains investor communication through dedicated email channels.

The regulatory filing was digitally signed by Company Secretary Vanika Mahajan and submitted to BSE Limited on April 10, 2026, ensuring timely compliance with disclosure requirements.