Ras Resorts & Apart Hotels reported a 60% year-on-year increase in net profit for FY26, reaching ₹52.40 lakh, as reduced interest expenses offset stable operating revenue. The company also secured necessary shareholder approval for the voluntary delisting of its equity shares from BSE Limited.

The hospitality firm posted total income of ₹13.15 crore, marginally down from ₹13.23 crore in the previous year. Revenue from operations remained flat at ₹12.99 crore. However, profit before tax expanded significantly to ₹72.04 lakh from ₹46.27 lakh in FY25, primarily due to a sharp decline in finance costs.

Financial Performance

Finance costs fell to ₹33.0 lakh in FY26 from ₹50.3 lakh in FY25. This reduction was driven by lower interest expenses and decreased unwinding of financial liabilities. Other income declined to ₹15.1 lakh from ₹25.3 lakh, impacted by lower amortization of financial liabilities and interest income.

Voluntary Delisting Progress

The Board of Directors approved the proposal for voluntary delisting on May 16, 2026. Public shareholders passed the special resolution via postal ballot on June 24, 2026. The company has submitted an application to BSE Limited seeking in-principle approval, which is currently awaited. The promoters, Vishamber Shewakramani and Nalini Shewakramani, are the acquirers in this transaction.

AGM Schedule and Annual Report Access

The 42nd Annual General Meeting is scheduled for September 26, 2026, at 11:00 am via Video Conferencing or Other Audio Visual Means. E-voting will be facilitated by National Securities Depository Limited.

Shareholders holding shares as on September 19, 2026, are eligible to vote. The remote e-voting period runs from September 23 to September 25, 2026. Rahul Shewakramani retires by rotation and offers himself for re-appointment as a director.

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the company informed shareholders that electronic copies of the Notice convening the AGM and the Integrated Annual Report for FY25-26 are available on the company website. Shareholders who have not registered their email addresses with the company or depositories were sent letters with web-links to access these documents. The report is also available on the NSDL e-voting portal and BSE Limited website.

What the Numbers Show

The improvement in profitability is largely structural rather than operational. While top-line revenue stagnated, the significant drop in finance costs indicates successful debt reduction. Borrowings stood at ₹1.97 crore as of March 31, 2026, down sharply from ₹4.09 crore in the prior year. This deleveraging effort directly boosted the bottom line, demonstrating that cost management is currently the primary driver of value creation for the company.

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.