Juniper Hotels Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the National Stock Exchange of India Limited and BSE Limited on August 03, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, outlines the company’s progress on environmental, social, and governance (ESG) metrics. Juniper Hotels reported a turnover of ₹1,04,768.13 Lakhs and a net worth of ₹2,86,845.12 Lakhs for FY26. The report highlights strategic initiatives in renewable energy integration, waste management, and employee well-being, while also disclosing regulatory penalties and grievance redressal outcomes.

The BRSR was facilitated by Conserve Consultants Private Limited, which conducted a gap assessment covering policy maturity, data availability, and BRSR Core preparedness for two properties. Sandeep L. Joshi, Company Secretary and Compliance Officer, certified the report. The filing covers consolidated operations across eight operational hotels, four projects under development or proposed, and one corporate office. The company’s paid-up capital stood at ₹2,22,50,23,840 as of March 31, 2026.

Financial and Operational Overview

Juniper Hotels operates primarily through hotel and serviced apartment services, contributing 100% of its turnover. Accommodation services accounted for 58.91% of total turnover, followed by food and beverage services at 30.33%, and other services at 10.76%. The company does not engage in export activities. Its portfolio includes operational properties such as Grand Hyatt Mumbai, Andaz Delhi, and Hyatt Regency Ahmedabad, alongside development projects in Bengaluru, Assam, and New Delhi.

Environmental Initiatives and Targets

The report identifies climate change, green buildings, and green mobility as key opportunities. Juniper Hotels aims to reduce absolute Scope 1 and 2 emissions by 27.5% from a 2019 baseline by 2030, aligning with Hyatt Corporation’s goals. Renewable energy accounted for 26.4% (11.50 million kWh) of total electricity consumption in FY26. The company implemented open access power at Hyatt Regency Lucknow and integrated solar power at Andaz Delhi. Total Scope 1 emissions were 1,227.18 metric tonnes of CO2 equivalent, while Scope 2 emissions were 28,335.13 metric tonnes of CO2 equivalent.

Waste management initiatives include food waste reduction programs targeting a 50% global reduction in food waste sent to landfill or incineration per square meter by 2030. The company recycles plastics and e-waste through authorized third-party recyclers and adheres to ISO, OHSAS, SA 8000, and Fairtrade standards.

Social Governance and Grievances

Juniper Hotels employs 964 employees and 1,437 workers, with women constituting 20% of employees and 18% of workers. The Board of Directors includes 25% female representation. The company reported no fatalities but recorded 19 recordable work-related injuries among employees and 43 among workers in FY26. All permanent employees and workers are covered by health and accident insurance.

Regarding grievances, the company received two customer complaints in FY26, both pending resolution at year-end. One involved misplaced jewellery at Hyatt Regency Ahmedabad, and the other related to a third-party spa vendor at Hyatt Place Hampi. No complaints were filed by shareholders, investors, or employees. The company has an anti-corruption policy and conducts regular training on human rights and prevention of sexual harassment.

Regulatory Penalties and Compliance

The disclosure section reveals monetary penalties paid during FY26. Juniper Hotels paid ₹5,25,100 (including GST) to each stock exchange for non-compliance with Board Composition under Regulation 17(1) of SEBI Listing Regulations. Additionally, the company paid ₹25,82,92,808 to the Income Tax Department against a demand notice for assessment year 2023-24, an appeal against which has been preferred. A penalty of ₹15,77,95,398 was paid to the Brihanmumbai Municipal Corporation regarding past property tax demands. The management believes the income tax demand is unsustainable and has filed legal proceedings challenging it.

What the Numbers Show

The divergence between Scope 1 and Scope 2 emissions underscores the energy-intensive nature of hotel operations, where purchased electricity dominates the carbon footprint. With Scope 2 emissions exceeding Scope 1 by more than 20 times, the company’s focus on renewable energy procurement and energy efficiency upgrades is critical to meeting its 2030 reduction targets. The high proportion of accommodation services in turnover reflects the core business model, while the absence of exports indicates a purely domestic market focus.

Juniper Hotels Limited has accepted the resignation of Mr. Tarun Jaitly from the position of Chief Financial Officer, effective from the close of business hours on July 15, 2026. The executive is departing to pursue a new opportunity outside the organization. This transition impacts the company's financial leadership structure as it seeks a replacement within the timeline prescribed by applicable laws.

In addition to his role at the parent entity, Mr. Jaitly has resigned as Chief Financial Officer of Chartered Hotels Private Limited, a material subsidiary of Juniper Hotels Limited. His resignation from the subsidiary is also effective from the close of business hours on July 15, 2026. The company has disclosed these changes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Until a new Chief Financial Officer is appointed, the responsibilities of the office will be overseen jointly by Mr. Amit Saraf, President, and Mr. Sandeep Joshi, Vice President – Finance & Accounts. Mr. Joshi also serves as the Company Secretary and Compliance Officer for the organization. The board has initiated the process to identify and appoint a successor to ensure continuity in financial management.

Following the resignation, the company updated the contact details for its Key Managerial Personnel responsible for determining materiality and making disclosures to the stock exchanges. The designated officials include Mr. Arun Kumar Saraf as Chairman and Managing Director, Mr. Varun Saraf as Chief Executive Officer, and Mr. Sandeep Joshi as Company Secretary and Compliance Officer.

Key Details of Resignation