Howard Hotels has scheduled its 37th Annual General Meeting (AGM) for September 04, 2026, to be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will commence at 11:30 A.M. (IST), allowing shareholders to participate remotely in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars. Shareholders holding shares as of the cut-off date, Friday, August 28, 2026, are eligible to vote, ensuring that ownership records are finalized before the commencement of remote e-voting.

E-Voting Timeline and Procedures

The company has appointed InstaVote to facilitate remote e-voting before the AGM and e-voting during the meeting. Remote e-voting will commence on Tuesday, September 01, 2026, at 9:00 A.M. and will end on Thursday, September 03, 2026, at 5:00 P.M. The e-voting module will be disabled by InstaVote after this period. Members who have cast their vote through remote e-voting are eligible to participate in the AGM for quorum purposes but cannot vote again during the meeting. Those who have not voted remotely may cast their votes during the live VC/OAVM session.

Regulatory Compliance and Disclosures

The company published advertisements for the AGM in Financial Express (English daily) and Jansatta (Hindi daily) on August 11, 2026. This disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Para A and Regulation 44. The notice also complies with Section 108 of the Companies Act, 2013, read with Rule 20 of Companies (Management and Administration) Rules, 2014. The disclosure was signed by Muskan Garg, Company Secretary and Compliance Officer, affirming adherence to SEBI’s listing obligations.

Shareholder Instructions

To participate in e-voting, shareholders must ensure their email addresses or mobile numbers are registered. Physical share holders should update details using form ISR-1 with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Demat account holders must update details with their Depository Participants. The Board has appointed Mr. Mukul Tyagi, Partner of M/s ATG & Co., Company Secretaries, Delhi, as the Scrutinizer to ensure a fair and transparent e-voting process. Electronic copies of the Annual Report for FY25-26 and the AGM notice are available on the company’s website and the BSE website.

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 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 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.