Royale Manor Hotels & Industries Ltd adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 35th Annual General Meeting (AGM). The virtual meeting, held on September 28, 2026, also approved the re-appointment of Managing Director Vishwajeet Singh U Champawat.

The company conducted the proceedings via video conferencing in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) circulars. The audit report for FY26 contained no qualifications, reservations, or adverse remarks, signaling a clean compliance status for the period under review.

Key resolutions passed

The shareholders transacted ordinary business items outlined in the notice convening the meeting. No queries were raised by members during the session.

Meeting logistics and voting

The meeting commenced at 3:30 pm and concluded at 3:45 pm. Remote e-voting facilities were provided through National Securities Depository Limited (NSDL), remaining open from September 25 to September 27, 2026. Members present at the virtual meeting could also cast votes electronically during the session.

Mrs. Rupal Patel, a practicing company secretary, served as the scrutinizer to ensure a fair and transparent voting process. The results of the voting are scheduled to be announced within 48 hours of the meeting's conclusion.

Royale Manor Hotels & Industries reported a 23% decline in net profit for FY26, dropping to ₹239.19 million from ₹310.23 million in the previous year. The company scheduled its 35th Annual General Meeting for September 28, 2026, to adopt these audited financial statements.

Total income for the fiscal year ended March 31, 2026, stood at ₹2,438.31 million, down 3.4% from ₹2,524.89 million in FY25. Despite the revenue contraction, the hotel unit, The Ummed Ahmedabad, achieved an average occupancy of 85%, up from 79%, and raised average room rates to ₹6,064 from ₹5,682.

Financial Performance

The company’s revenue from operations decreased to ₹2,240.57 million from ₹2,318.97 million. Other income also declined slightly to ₹197.74 million from ₹205.92 million. Total expenses rose marginally to ₹2,106.34 million from ₹2,098.33 million, driven by higher depreciation charges of ₹145.55 million compared to ₹116.78 million last year.

Profit before tax fell to ₹331.67 million from ₹426.56 million. An exceptional item of ₹0.30 million related to the statutory impact of the new labour code was recorded for the first time.

What the Numbers Show

The divergence between operational metrics and financial results highlights margin pressure. While occupancy rates improved by 6 percentage points and average room rates increased by nearly 7%, total revenue still contracted. This suggests that non-room revenues, particularly Food & Beverages, which dropped significantly from ₹666.03 million to ₹509.38 million, offset gains in core accommodation business.

Governance Actions

Mr. Vishwajeetsingh U. Champawat, Chairman and Managing Director, retires by rotation at the AGM and offers himself for reappointment. He holds 2,300 equity shares and received an annual remuneration of ₹43.15 million. The Board recommends his reappointment as an Ordinary Resolution.

Ms. Sonu Shah was appointed Chief Financial Officer effective June 4, 2025, succeeding Mr. Devraj Singh Chauhan who resigned on June 3, 2025.

Voting Procedures

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting period runs from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. Shareholders on record as of September 21, 2026, are eligible to vote. The Register of Members will remain closed from September 22 to September 28, 2026.