HBG Hotels Limited has announced that its board of directors will meet on Friday, May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting, designated as Meeting No. 02/2026-27, is scheduled to take place at 04:00 P.M. through audio-visual means.

In accordance with Regulation 29 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company will submit the results to the stock exchanges following the meeting. The agenda specifically focuses on the financial performance for the fourth quarter of the fiscal year 2025-26 and the annual results for the full fiscal year.

Trading Window Closure

The company has confirmed that the trading window for dealing in the securities of HBG Hotels Limited is currently closed. This closure is effective from April 1, 2026, and will remain in force until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026. This measure is in compliance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives, read with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Meeting Details

The notice was signed by Samit Hede, Managing Director of the company. HBG Hotels Limited, formerly known as phoenix township , operates in the hospitality sector.

HBG Hotels Limited (formerly known as Phoenix Township Limited) convened a Board of Directors meeting on May 8, 2026, at which several significant corporate decisions were approved. The meeting, which commenced at 3:00 PM and concluded at 5:30 PM, covered matters ranging from dividend declarations and strategic hotel partnerships to warrant forfeiture and a new NSE listing proposal.

Interim Dividend Declared for FY 2025-26

The Board approved an interim dividend for the financial year ending March 31, 2026. The record date for determining member entitlement for the interim dividend payment has been fixed as Friday, May 15, 2026.

Convertible Warrant Forfeiture

In a development stemming from the Board meeting held on October 25, 2024, the Company had allotted 61,70,000 convertible warrants to 68 allottees on a preferential basis at an issue price of ₹143 per warrant. An amount aggregating to ₹22,05,77,500, representing 25% of the issue price, was received as the initial subscription amount at the time of allotment.

As per the terms of issue and in accordance with Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, warrant holders were required to exercise the conversion option within 18 months from the date of allotment, i.e., on or before April 2026. Certain allottees failed to exercise this option for 4,45,000 outstanding warrants within the stipulated period. The Board approved the forfeiture of these warrants, and the amounts received towards them stand forfeited in accordance with applicable regulatory provisions. The details of the allottees with forfeited warrants are as follows:

Strategic Hotel Partnerships

The Board approved two significant hotel management and development agreements, marking a notable expansion of the Company's hospitality portfolio.

Palolem Resort – Taj Group Agreement: The Board noted that Palolem Resorts LLP, the Subsidiary LLP of the Company, has executed a Memorandum of Agreement (MOA) with Rajscape Hotels Private Limited (Tree of Life) Taj Group of Hotels for the management, operation, and branding of the resort property at Phoenix Castle House Resort, Patnem Palolem Road, Palolem – 403702, Goa. Key terms of this agreement include:

• Exclusive rights for the management company to manage and operate the hotel in accordance with its brand standards and operating policies
• The owner retains ownership of the property while the management company controls day-to-day operations, staffing, marketing, pricing, and distribution
• The agreement is for a long-term tenure with a defined lock-in period, subject to termination in accordance with agreed terms
• This is not a Related Party Transaction

Marriott Hotel – Kerala Project: The Board approved HBG Hotels Limited entering into a suite of Hotel Agreements with Marriott Hotels India Private Limited, Starwood Hotels & Resorts Worldwide, LLC, Global Hospitality Licensing S.à r.l., and other affiliates of Marriott Hotels India Private Limited. These agreements relate to a hotel proposed to be constructed at Taluk – Neyyattinkara, Village – Kulathoor, District – Thiruvananthapuram, Kerala.

This transaction has also been confirmed as not a Related Party Transaction.

Additional Board Approvals

Beyond the dividend and hotel agreements, the Board approved several other notable matters:

• NSE Listing: The Board discussed and approved a proposal for listing on the National Stock Exchange of India Limited, subject to approval from the National Stock Exchange of India Limited.
• Branded Residences Feasibility Study: The Board approved the appointment of CBRE South Asia Pvt. Ltd. – Consulting & Valuation to undertake a feasibility study for a proposed Branded Residences project at the Bambolim, Goa Velha property situated in Goa.

Source: None/Company/INE977M01024/6462821a-7ee7-48f8-986b-f84e5d63e538.pdf