Jindal Hotels has announced the book closure dates for its 41st Annual General Meeting scheduled for September 22, 2026.

The company will conduct the meeting through video conferencing or other audio-visual means (VC/OAVM). Shareholders must be on the register of members during the book closure period to attend and vote.

Book Closure and Voting Details

The book closure period runs from September 16, 2026, to September 22, 2026, inclusive of both days. This applies to equity shares with a face value of ₹10 each.

Regulatory Compliance

The intimation is issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations, the company has fixed September 15, 2026, as the cut-off date for electronic voting. Shareholders holding shares on this date can exercise their voting rights during the e-voting period or attend the AGM.

Jindal Hotels returned to profitability in the first quarter of FY27, reporting a net profit of ₹58.31 lakh, a significant turnaround from the net loss of ₹29.23 lakh recorded in Q1FY26. The Vadodara-based hotelier saw revenue from operations rise 18% year-on-year to ₹1,131.73 lakh, reflecting improved business activity. This financial recovery underscores the company’s ability to navigate operational challenges while expanding its top line.

The Board of Directors approved the unaudited standalone financial results for the quarter ended June 30, 2026, during a meeting held on July 24, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Modi & Joshi. In addition to the financials, the Board proposed the re-appointment of Ms. Palak Gandhi as a Non-Executive Independent Director for a second consecutive five-year term, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance Overview

Revenue from operations stood at ₹1,131.73 lakh in Q1FY27, up from ₹956.74 lakh in the corresponding period of the previous year. Total income, including other income of ₹0.57 lakh, reached ₹1,132.30 lakh. However, total expenses also increased to ₹1,058.33 lakh from ₹986.02 lakh in Q1FY26, primarily due to higher employee benefits and other expenses.

Earnings per share (EPS) improved to ₹0.83 from a loss of ₹0.42 per share in the previous year. The company’s paid-up equity share capital remained unchanged at ₹700.00 lakh.

Expense Breakdown and Operational Insights

Employee benefits expense rose to ₹224.83 lakh from ₹222.04 lakh, while finance costs decreased significantly to ₹85.65 lakh from ₹110.42 lakh. Other expenses, which include administrative and operational costs, surged to ₹426.85 lakh from ₹338.79 lakh, indicating potential pressure on operating margins despite revenue growth. Depreciation and amortisation expenses remained relatively stable at ₹125.36 lakh.

What the Numbers Show

The return to profitability is largely driven by the combination of robust revenue growth and reduced finance costs, which fell by over 22% year-on-year. However, the sharp increase in other expenses suggests that operational efficiency remains a key focus area. The margin expansion is notable given that total expenses grew at a slower pace (7.3%) than revenue (18.3%), allowing the company to convert more sales into bottom-line profit.

Corporate Governance Updates

Ms. Palak Gandhi, a finance professional with 22 years of experience in fundraising, due diligence, and internal controls, will serve her second term as an Independent Director from July 12, 2027, to July 11, 2032. Her re-appointment aims to bring continued expertise in financial governance and strategic oversight to the Board. She has no relationship with any other director of the company and is not debarred from holding office by SEBI or any other authority.