Gujarat hotels has announced the opening of a special window for transfer and dematerialisation of physical shares, providing shareholders with an opportunity to convert their holdings to electronic format. The initiative follows regulatory guidelines and aims to facilitate the transition from physical to digital share certificates.

Special Window Details

The special window will remain open until February 4, 2027, as per SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This facility is specifically designed for shareholders holding physical certificates and seeking to dematerialise their holdings.

Eligibility Criteria and Process

The special window covers transfer requests for physical shares that were sold or purchased before April 1, 2019. Additionally, the facility extends to transfer requests that were previously submitted but rejected, returned, or left unattended due to deficiencies in documents, processes, or other issues.

Shareholders must submit original share certificates along with transfer deeds and supporting documents as specified in the SEBI circular. The company emphasizes that only complete applications with all required documentation will be processed under this special window.

Transfer Conditions and Restrictions

Shares transferred during this window will be mandatorily credited to the transferee only in dematerialised mode. These shares will be subject to a lock-in period of one year from the date of registration of transfer. During this lock-in period, the shares cannot be transferred, lien-marked, or pledged.

Certain categories are excluded from this special window, including cases involving disputes between transferor and transferee, as well as shares that have been transferred to the Investor Education and Protection Fund.

Submission Process

Eligible shareholders should submit their transfer deeds along with relevant documents to MCS Share Transfer Agent Limited (Unit: Gujarat Hotels Limited), the company's Registrar and Transfer Agent. The documents can be submitted at their office located at 179-180, 3rd Floor, DSIDC Shed, Okhla Industrial Area, Phase-I, New Delhi-110020, or through email at helpdeskdelhi@mcsregistrars.com or admin@mcsregistrars.com .

Public Notice Publication

Gujarat Hotels Limited has published this notice in multiple newspaper editions to ensure maximum reach among shareholders. The notice appeared in both English and Gujarati editions of Financial Express on March 31, 2026, covering Ahmedabad and extending to major cities including Chandigarh, Pune, Lucknow, Kolkata, Bengaluru, Chennai, Kochi, Hyderabad, Mumbai, and Delhi.

Gujarat Hotels Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, revealing a mixed performance with quarterly profit declining while nine-month results showed growth. The Vadodara-based hospitality company's Board of Directors approved the results at a meeting held on January 12, 2026.

Quarterly Financial Performance

The company's Q3FY26 performance showed a decline compared to the corresponding quarter of the previous year. Key financial metrics for the quarter demonstrate the challenging operating environment:

The decline in revenue from operations was partially offset by other income of ₹75.23 lakhs, compared to ₹80.84 lakhs in Q3FY25. Total expenses remained well-controlled at ₹13.61 lakhs, showing only a marginal increase from ₹13.22 lakhs in the previous year.

Nine-Month Performance Shows Resilience

Despite the quarterly decline, the company's nine-month performance for FY26 demonstrated stronger fundamentals with growth across key parameters:

The nine-month results indicate the company's ability to maintain profitability growth despite quarterly fluctuations, with net profit increasing by 13.0% year-on-year.

Expense Management and Tax Efficiency

Gujarat Hotels Limited maintained effective cost control during the quarter. Employee benefits expense increased to ₹5.58 lakhs from ₹4.79 lakhs in Q3FY25, while other expenses decreased slightly to ₹6.84 lakhs from ₹7.24 lakhs. Depreciation remained stable at ₹1.19 lakhs.

Tax expenses for Q3FY26 totaled ₹40.39 lakhs, comprising current tax of ₹30.87 lakhs and deferred tax of ₹9.52 lakhs. This represented a decrease from ₹43.87 lakhs in the corresponding quarter of the previous year.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on January 12, 2026. The results have been subjected to limited review by the company's statutory auditors, K C Mehta & Co. LLP, Chartered Accountants, who issued an unmodified conclusion.

The company operates in a single segment of hoteliering within the Indian geographical market. Gujarat Hotels Limited maintains its paid-up equity share capital at ₹378.75 lakhs, consisting of equity shares of ₹10 each, with no changes during the reporting period.