Country Club FY26 report notes gaps in PIT regulations

A secretarial compliance audit for the financial year ended March 31, 2026, revealed that country club hospitality failed to ensure full compliance with specific SEBI regulations regarding insider trading and website disclosures. The report, issued by R&A Associates, highlighted that the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information was not published on the company’s website in the prescribed manner. Additionally, the company lacked a structured digital database as required under Regulation 3(5) & 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The examination of documents and records for the review period indicated that while the company has adopted applicable policies under SEBI regulations with board approval, it fell short of maintaining conformity in certain areas. Specifically, certain disclosures required under Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were not available on the website. Furthermore, web-links provided in the annual corporate governance reports under Regulation 27(2) were found to be inaccurate and non-specific, failing to redirect users to the relevant documents or sections.

Compliance Status Overview

The audit covered various regulatory frameworks including the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and the SEBI (LODR) Regulations, 2015. The following table summarizes the compliance status and observations recorded by the auditors:

S.No	Particulars	Compliance Status	Observations
1	Secretarial Standards	Yes	Nil
2	Adoption and updation of Policies	No	Code of Practices for Fair Disclosure not published on website.
3	Maintenance and disclosures on Website	No	Disclosures under Reg 46(2) missing; web-links under Reg 27(2) inaccurate.
4	Disqualification of Director	Yes	Nil
5	Details related to Subsidiaries	Yes	Nil
6	Preservation of Documents	Yes	Nil
7	Performance Evaluation	Yes	Nil
8	Related Party Transactions	Yes	Nil
9	Disclosure of events or information	Yes	Nil
10	Prohibition of Insider Trading	No	Lack of structured digital database under Reg 3(5) & 3(6).
11	Actions taken by SEBI or Stock Exchanges	NA	Nil
12	Resignation of statutory auditors	NA	Nil
13	Additional Non-compliances	Yes	Nil

Governance and Regulatory Findings

Regarding its subsidiary structure, the company stated it does not have any Material Subsidiary as defined under the LODR Regulations, with details of other subsidiaries disclosed in Form AOC-2. The report confirmed that none of the directors were disqualified under Section 164 of the Companies Act, 2013. The firm also noted that the listed entity conducted performance evaluations of the Board, Independent Directors, and Committees as prescribed.

R&A Associates clarified that the responsibility for compliance and authenticity of documents lies with the management, and their report is based solely on the examination of relevant documents. The report is neither an audit nor an expression of opinion on the financial records. It is intended specifically for compliance purposes under Regulation 24A(2) of the SEBI (LODR) Regulations, 2015, and does not assure the future viability of the company or the efficacy of its management.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.41%	+0.39%	-0.92%	-14.40%	-23.76%	+96.36%

Country Club Hospitality & Holdings Limited announced its unaudited financial results for the third quarter ended December 31, 2025, revealing mixed performance with revenue growth offset by increased losses. The hospitality and real estate company's Board of Directors approved the quarterly results during their meeting held on February 13, 2026.

Financial Performance Overview

The company reported a net loss of ₹140.87 lakhs for Q3FY26, representing a deterioration from the ₹121.98 lakhs loss recorded in the corresponding quarter of the previous fiscal year. Despite the increased losses, the company demonstrated strong revenue growth during the quarter.

Metric	Q3FY26	Q3FY25	Change
Revenue from Operations	₹1,588.24 lakhs	₹1,142.62 lakhs	+39.01%
Other Income	₹117.91 lakhs	₹53.36 lakhs	+120.93%
Total Revenue	₹1,706.15 lakhs	₹1,195.98 lakhs	+42.67%
Net Loss	₹140.87 lakhs	₹121.98 lakhs	-15.47%

Expense Analysis

The company's expense structure showed significant increases across multiple categories, contributing to the widened losses despite revenue growth. Total expenses for the quarter reached ₹1,840.92 lakhs compared to ₹1,301.00 lakhs in Q3FY25.

Expense Category	Q3FY26	Q3FY25	Change
Consumption of Materials	₹581.40 lakhs	₹212.93 lakhs	+173.04%
Employee Expenses	₹347.22 lakhs	₹300.68 lakhs	+15.49%
Depreciation	₹309.57 lakhs	₹309.30 lakhs	+0.09%
Other Expenditure	₹597.70 lakhs	₹429.62 lakhs	+39.13%
Finance Cost	₹5.04 lakhs	₹48.47 lakhs	-89.60%

Nine-Month Performance

For the nine months ended December 31, 2025, the company's performance showed improvement compared to the previous year. Revenue from operations increased to ₹5,998.92 lakhs from ₹3,318.48 lakhs in the corresponding period of FY25. The net loss for the nine-month period was ₹121.14 lakhs, significantly better than the ₹498.65 lakhs loss recorded in the same period last year.

Segment-wise Performance

The company operates through two primary business segments - Hotel & Membership and Real Estate. The Real Estate segment contributed ₹529.75 lakhs to the quarterly revenue, while the Hotel & Membership segment generated ₹1,176.40 lakhs. The Real Estate segment showed a profit before tax of ₹260.30 lakhs, while the Hotel & Membership segment reported a loss of ₹303.53 lakhs before tax.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹131.12 lakhs for Q3FY26 compared to ₹112.23 lakhs loss in Q3FY25. The consolidated revenue from operations remained at ₹1,588.24 lakhs, matching the standalone figures. For the nine-month period, the consolidated net loss was ₹84.17 lakhs, substantially improved from the ₹470.25 lakhs loss in the corresponding period of the previous year.

Key Financial Metrics

The company's earnings per share (EPS) for Q3FY26 stood at ₹-0.09 on both basic and diluted basis, compared to ₹-0.07 in Q3FY25. The paid-up equity share capital remained unchanged at ₹3,269.30 lakhs with a face value of ₹2 per share. The financial results were reviewed by statutory auditors P. Murali & Co., Chartered Accountants, who conducted a limited review and provided their report without any adverse observations.