Best Eastern Hotels reported a net loss of ₹59.16 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹1.03 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹557.19 lakh, a decline from ₹624.55 lakh in FY25. The board approved the audited standalone financial results and recommended a dividend of ₹1 per fully paid-up preference share for the financial year 2025-26.

The statutory auditors provided an unmodified opinion on the financial results. The board meeting, convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was held on May 29, 2026. The trading window for designated persons, which had been closed since April 1, 2026, will reopen 48 hours after the results are submitted to the stock exchanges.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹54.40 lakh on a total income of ₹110.17 lakh. Total expenses for the quarter rose to ₹164.92 lakh, driven by higher employee benefit costs and finance costs. The basic and diluted earnings per share (EPS) for FY26 were reported at (0.35), compared to 0.01 in the previous year.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, stood at ₹561.02 lakh, an increase from ₹536.89 lakh in the previous year. Current liabilities increased significantly to ₹236.72 lakh from ₹157.96 lakh, primarily due to higher borrowings and trade payables. Cash and cash equivalents improved to ₹6.41 lakh from ₹4.71 lakh at the end of FY25.

Best Eastern Hotels Limited has announced a major shareholding change following a significant acquisition by promoter Vinaychand Kothari. The transaction, disclosed under SEBI's substantial acquisition regulations, represents a strategic consolidation of ownership within the promoter group.

Transaction Details

The acquisition involved 42.50 lakh shares, representing 25.22% of the company's total voting capital. The transaction was completed through transmission on March 27, 2026, rather than through market purchase or other conventional methods.

Shareholding Changes

Kothari's shareholding has increased substantially following this acquisition. Before the transaction, he held 43.46 lakh shares representing 25.80% of the company's voting capital. Post-acquisition, his total holding stands at 85.96 lakh shares.

Majority Control Achievement

With this acquisition, Kothari has crossed the 50% threshold, achieving majority control of Best Eastern Hotels Limited. His shareholding now stands at 51.02% of the total voting capital, marking a significant milestone in ownership concentration.

Company Structure

The company's equity share capital remains unchanged at 1.26 crore shares both before and after the acquisition. Best Eastern Hotels Limited is listed on BSE Limited, and the disclosure confirms that no encumbrances, warrants, or convertible securities are involved in this transaction.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a clean acquisition with no associated voting rights other than shares or any other complex instruments involved.