Howard Hotels has scheduled its 37th Annual General Meeting (AGM) for September 04, 2026, marking a key governance milestone for the hospitality firm. The meeting will take place at 11:30 A.M. (IST) and will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), ensuring remote accessibility for shareholders in accordance with applicable regulatory provisions. This virtual format allows investors to participate without physical presence, aligning with modern corporate governance standards.

Meeting Details

The company notified the BSE Limited Listing Department regarding the AGM schedule pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate timely disclosure of general meeting details to ensure transparency and investor awareness. The notice was issued on August 07, 2026, providing shareholders with advance information to prepare for the proceedings.

Shareholder Record Dates

To determine eligibility for attending the meeting and exercising voting rights, Howard Hotels will close its register of members from August 29, 2026, to September 04, 2026. Both start and end dates are inclusive, meaning any share transfers recorded during this period will not affect the membership list used for the AGM. Shareholders must hold the company’s shares as of the closure period to participate in the voting process.

Compliance and Governance

The disclosure was signed by Muskan Garg, Company Secretary and Compliance Officer of Howard Hotels Limited, affirming adherence to SEBI’s listing obligations. The company’s scrip code is 526761 and its Scrip ID is HOWARHO on the Bombay Stock Exchange. By complying with Regulation 30 and 42, the company ensures that all material information regarding the AGM is disseminated promptly to the market, maintaining regulatory compliance and investor trust.

Howard Hotels reported a net loss of ₹69 lakh for the quarter ended June 30, 2026, widening by 48% compared to a loss of ₹46.53 lakh in Q1FY25. The deterioration was driven by a 15.7% year-on-year decline in revenue from operations to ₹268.31 lakh, while total expenses stood at ₹345.29 lakh. The company’s statutory auditors issued a qualified review report, noting that deferred tax provisions were not made for the quarter as they are accounted for at the end of the financial year.

The Board of Directors approved the unaudited financial results and the limited review report issued by M/s B G G & Associates, Chartered Accountants, on August 07, 2026. The meeting also saw the approval of the Board’s Report for FY26 and the notice for the 37th Annual General Meeting (AGM), scheduled for September 04, 2026, via Video Conferencing/Other Audio Visual Means (OAVM).

Operational and Financial Performance

Revenue from operations dropped to ₹268.31 lakh in Q1FY26 from ₹318.28 lakh in the corresponding period last year. Other income also contracted sharply to ₹7.98 lakh from ₹3.51 lakh, though this figure appears inconsistent with the table which shows ₹3.51 lakh for Q1FY25 vs ₹7.98 lakh for Q1FY26 — actually other income rose from ₹3.51 lakh to ₹7.98 lakh. Total income consequently fell to ₹276.29 lakh from ₹321.79 lakh.

Employee benefit expenses increased slightly to ₹114.06 lakh from ₹108.17 lakh. Finance costs rose to ₹7.00 lakh from ₹10.43 lakh? No, finance costs decreased to ₹7.00 lakh from ₹10.43 lakh. Depreciation and amortization expenses declined to ₹23.12 lakh from ₹24.55 lakh. However, other expenses remained high at ₹147.70 lakh, down from ₹167.08 lakh in Q1FY25.

Corporate Developments

In a significant structural move, the Board approved a proposal to shift the company’s registered office from the National Capital Territory of Delhi to the State of Uttar Pradesh. This proposal is subject to shareholder approval at the upcoming AGM and requires clearance from the Regional Director (Northern Region) of the Ministry of Corporate Affairs, pursuant to Sections 12 and 13 of the Companies Act, 2013.

What the Numbers Show

The widening net loss despite a modest reduction in total expenses highlights margin pressure on declining revenues. While cost controls reduced other expenses by nearly ₹20 lakh year-on-year, the 15.7% drop in operating revenue outpaced these savings, leading to a deeper pre-tax loss. The absence of deferred tax provisioning in the quarter, as noted by auditors, means the full tax impact will be realized only at the fiscal year-end, limiting visibility into quarterly effective tax rates.