Gujarat Hotels will convene its 44th Annual General Meeting (AGM) on Wednesday, August 26, 2026, at 11:00 a.m. IST via Video Conferencing or Other Audio Visual Means. The primary agenda is to seek shareholder approval for a final dividend of ₹3.00 per equity share of ₹10 face value for the financial year ended March 31, 2026. This distribution reflects the company’s strategy to return capital to investors, contingent upon the resolution passing at the meeting.

The company completed the despatch of the AGM notice and the Report and Accounts for FY26 on August 3, 2026, in compliance with regulatory requirements. The notice was published in the English and Gujarati editions of 'Financial Express' across multiple cities, including Ahmedabad, Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Lucknow, Pune, Chandigarh, and Kochi, on August 5, 2026. This publication adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-Voting Timeline and Eligibility

Shareholders must adhere to strict deadlines to exercise their voting rights. The cut-off date for determining voting eligibility is Wednesday, August 19, 2026. Only members whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as of this date are entitled to vote.

Remote e-voting, facilitated by National Securities Depository Limited (NSDL), will commence at 9:00 a.m. IST on Saturday, August 22, 2026, and conclude at 5:00 p.m. IST on Tuesday, August 25, 2026. NSDL will block remote e-voting immediately after this period expires. Members who cast their votes via remote e-voting may attend the AGM but cannot vote again during the session.

New members who acquired shares after the notice was sent but before the cut-off date can request user IDs and passwords from NSDL at evoting@nsdl.com or the company at investors@gujarathotelsltd.com .

Dividend Entitlement and Payment

The record date for determining dividend entitlement was fixed at July 17, 2026. To receive the dividend electronically, shareholders must ensure their bank details are registered. Those who have not updated their information must do so on or before August 17, 2026. Physical shareholders should submit Form ISR-1 to MCS Share Transfer Agent Limited, while demat holders must coordinate with their Depository Participants. Failure to update details may result in delays in dividend remittance.

If declared, the dividend will be paid electronically after deducting tax at source. The Company Secretary, Swati, has certified compliance with the Companies Act, 2013, and Ministry of Corporate Affairs rules. For queries regarding e-voting, shareholders may contact Pallavi Mhatre, Deputy Vice President at NSDL, or Swati, Company Secretary at Gujarat Hotels.

Gujarat Hotels Limited reported a net profit of ₹565.65 lakh for the financial year ended March 31, 2026 (FY26), rising from ₹529.87 lakh in FY25. The company’s profit before tax increased to ₹714.25 lakh from ₹693.90 lakh in the prior year. This performance supports the Board’s proposal for a final dividend of ₹3.00 per share, consistent with the payout declared in FY25. Shareholders will vote on these accounts and the dividend at the 44th Annual General Meeting scheduled for August 26, 2026.

The filing was submitted to BSE Limited on August 3, 2026, by Swati, Company Secretary & Compliance Officer, in compliance with Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Report and Accounts include the Notice convening the AGM, which will be held on an electronic platform. The record date for the final dividend is July 17, 2026, with payments expected between August 27 and September 2, 2026.

Financial Performance

The company’s total comprehensive income matched its profit for the year at ₹565.65 lakh. Retained earnings grew to ₹4,619.39 lakh from ₹4,167.37 lakh in FY25, after accounting for the current year’s profits and a dividend payment of ₹113.63 lakh. The dividend paid in FY26 was higher than the ₹94.69 lakh distributed in FY25, reflecting the consistent per-share payout against the total equity base.

Taxation saw a shift in composition; while current tax expense rose to ₹106.15 lakh from ₹94.54 lakh, deferred tax expense decreased significantly to ₹42.45 lakh from ₹69.49 lakh. This reduction in deferred tax liability contributed to the overall improvement in the bottom line despite a modest increase in pre-tax profits.

Balance Sheet and Ratios

Total assets stood at ₹5,708.12 lakh as of March 31, 2026, up from ₹5,166.91 lakh in FY25. Current assets were ₹5,547.29 lakh, compared to ₹5,014.91 lakh in the previous year. Non-current assets remained stable at ₹160.83 lakh. On the liabilities side, total equity and liabilities matched total assets at ₹5,708.12 lakh. Equity capital remained unchanged at ₹378.75 lakh, while other equity reserves increased to ₹4,921.97 lakh from ₹4,469.95 lakh.

Key financial ratios indicated some pressure on liquidity and returns. The current ratio declined to 47.73 from 64.08 in FY25, a drop of 25.52%. The company attributed this decline to an increase in current liabilities, primarily due to higher salary payables arising from timing differences in payroll processing and an increase in gratuity provisions. Return on Net Worth also dipped slightly to 11.15% from 11.44%, driven by lower contributions from other income.

Corporate Governance and Related Parties

The Board of Directors comprises six members, with three independent directors constituting 50% of the board strength. All five board meetings held during FY26 were attended fully by the directors present, with attendance rates varying among individuals. Sitting fees were paid to several directors, totaling ₹6.50 lakh across M. S. Bhatnagar, S. Kumar, R. Verma, and S. Sharma.

A significant related-party transaction involves ITC Hotels Limited (ITCHL), a promoter group company. Under an Operating License Agreement renewed for 30 years effective October 1, 2022, ITCHL operates the company’s hotel. During FY26, ITCHL paid license fees of ₹545.09 lakh and reimbursed salary and other expenses amounting to ₹625.02 lakh. These transactions were approved by the Board on July 13, 2022.

Key Audit Matter

The statutory auditor, K C Mehta & Co. LLP, highlighted the evaluation of the uncertain legal position of leasehold land as a Key Audit Matter. The lease period for the land has expired, and the company has filed a writ petition before the Hon’ble High Court of Gujarat, which is pending adjudication. Additionally, an application for conversion of land from leasehold to freehold is under process. The auditor reviewed the management’s assessment and concluded it was reasonable, noting that the High Court has restrained the State Government from disturbing the actual possession of the property.