Juniper Hotels has corrected the execution date of the Share Purchase Agreement (SPA) for the acquisition of 100% share capital of Juniper Hospitality Assets Private Limited to June 04, 2026. The company clarified that the previously reported date of June 02, 2026 was due to a typographical error. The acquisition aims to develop a 5-star hotel property on a land parcel in Sector 23, Dwarka, New Delhi, admeasuring approximately 2.524 acres. Following the transaction, Juniper Hospitality Assets Private Limited has become a wholly owned subsidiary of the company.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the disclosure was submitted within the prescribed timeline, and the discrepancy arose solely from the clerical error in the initial announcement. The additional disclosures required under Regulation 30 and the SEBI Master Circular dated January 30, 2026, have been submitted to the exchanges.

Transaction Details

The transaction is classified as a related party transaction under the Companies Act, 2013, and SEBI Listing Regulations, 2015. Mr. Arun Kumar Saraf, a promoter of Juniper Hotels Limited, and Mr. Varun Saraf, belonging to the promoter group, were the seller shareholders. Juniper Hospitality Assets Private Limited was incorporated on March 17, 2026, with a minimum paid-up capital of ₹1 lakh. Since the entity is a recently incorporated special purpose vehicle holding the land for development, the requirement of determining arm's length pricing is not applicable.

Juniper Hotels Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported its highest ever total income of INR 1,069.1 Cr for the full fiscal year, marking a 10% year-on-year increase. Profit after tax (PAT) for the year surged 99% to INR 141.6 Cr, driven by strong operational performance and margin expansion.

Financial Performance

For the fourth quarter, the company recorded a total income of INR 306.8 Cr, an increase of 7% compared to the corresponding period of the previous year. EBITDA, including other income, stood at INR 138.0 Cr, up 9% year-on-year, with margins expanding by 1 percentage point to 45%. Profit after tax for the quarter was INR 50.4 Cr.

Operational Highlights

The company achieved a consolidated Average Room Rate (ARR) of INR 13,457 in Q4 FY26, an 8% increase from the previous year, while occupancy remained stable at 81%. Consolidated Revenue Per Available Room (RevPAR) grew 8% to INR 10,863. Food and beverage revenue for the quarter stood at INR 84.8 Cr, accounting for 28% of total revenue. The Grand Showroom at Grand Hyatt Mumbai contributed INR 28 Cr in FY26.

Strategic Developments

Juniper Hotels received a Letter of Award from the Delhi Development Authority (DDA) for the development of a ~500-key luxury hotel project in Dwarka, New Delhi. The land is on a 55-year lease with an upfront payment of INR 9.75 Cr over four years and an annual license fee starting after 5.5 years. The company expects its total inventory in Delhi to exceed 1,000 keys upon completion. Additionally, the Bengaluru Phase I project is scheduled to be operational by Q2FY27 under the Westin brand, with an expected ARR starting at INR 15,000 and first-year revenue of INR 30 Cr.

Guidance and Outlook

Management indicated a total capital expenditure of approximately INR 1,800 Cr for the expansion of over 1,400 keys by FY30. Capex is expected to be INR 300 Cr in the current fiscal year and INR 700-750 Cr in FY28. Net debt-to-EBITDA is projected to peak in FY28 but remain south of 2.5x. The company aims to achieve EBITDA margins in excess of 40% for the new Bengaluru asset upon stabilization.

Board Decisions

The Board approved the re-appointment of Mr. Arun Kumar Saraf as Chairman and Managing Director for a period of three years effective March 1, 2027, subject to shareholder approval. Furthermore, the Board approved the re-appointment of M/s. S R B C & CO LLP as Statutory Auditor and M/s. Protiviti India Member Private Limited as Internal Auditor. The company also approved the acquisition of 100% equity share capital of Juniper Hospitality Assets Private Limited (JHAPL) for a consideration of INR 1.00 Lakh to facilitate the Dwarka project.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE696F01016/90f4664596054222.pdf