Ras Resorts & Apart Hotels has scheduled its 42nd Annual General Meeting (AGM) for Saturday, September 26, 2026. The company issued an intimation to the Bombay Stock Exchange on August 21, 2026, confirming the date for shareholders.

The meeting serves as the annual forum for members to review corporate governance matters and approve statutory resolutions. Vishamber Shewakramani, Managing Director and CFO, digitally signed the intimation filed with the exchange.

Meeting Details

Shareholders are advised to monitor subsequent communications from the company regarding the venue, agenda, and logistics for the gathering.

Ras Resorts & Apart Hotels Limited reported a net profit of ₹16.06 lakh for the quarter ended June 30, 2026, marking a 30.57% year-on-year increase from ₹12.30 lakh in Q1FY25. The company’s revenue from operations grew by 22.83% to ₹357.83 lakh, driven by stronger performance in its core hoteliering segment. This improvement in profitability coincides with ongoing strategic developments, including in-principle Board approval for voluntary delisting from BSE Limited under SEBI (Delisting of Equity Shares) Regulations, 2021.

The unaudited financial results were approved by the Board of Directors at a meeting held on August 08, 2026. Statutory auditors Khandelwal & Mehta LLP conducted a limited review of the financial statements pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also confirmed that its 42nd Annual General Meeting is scheduled for September 26, 2026.

Financial Performance Highlights

Total revenue reached ₹364.15 lakh, compared to ₹295.06 lakh in Q1FY25. Total expenses increased to ₹342.30 lakh from ₹278.94 lakh in the corresponding period of FY25. The rise in expenses was primarily attributed to higher management and catering services costs, which jumped to ₹212.91 lakh from ₹177.55 lakh. However, this was partially offset by a reduction in finance costs, which fell to ₹5.88 lakh from ₹8.89 lakh. Employee benefit expenses also rose to ₹24.12 lakh from ₹20.39 lakh.

Segment-Wise Analysis

The hoteliering segment remains the sole contributor to revenue, with segment revenue at ₹364.15 lakh. Segment result (profit before tax, interest, and unallocable overheads) improved to ₹27.73 lakh from ₹25.01 lakh in Q1FY25. The real estate segment, currently in the pre-operative stage, contributed no revenue but accounted for ₹388.49 lakh of capital employed.

Capital employed in the hoteliering segment increased to ₹1,602.70 lakh from ₹1,540.59 lakh year-on-year. Total capital employed stood at ₹1,991.19 lakh.

What the Numbers Show

The primary driver of the profit growth was operational efficiency in cost management relative to revenue growth. Although total expenses rose by 22.71%, they did not outpace the 23.42% growth in total revenue, leading to an expansion in pre-tax margins. Notably, finance costs declined despite an increase in capital employed, suggesting favorable interest rate environments or debt restructuring benefits. The significant jump in management and catering services costs warrants monitoring, as it represents the largest expense category at ₹212.91 lakh.