Royale Manor Hotels & Industries has scheduled its 35th Annual General Meeting for Monday, September 28, 2026. The event will be conducted via video conferencing to transact ordinary business.

The primary agenda includes the consideration and adoption of the audited financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the reappointment of Mr. Vishwajeetsingh U. Champawat as an Executive Director.

Meeting Details

The AGM will commence at 3:30 pm through video conference or other audio-visual means (VC/OAVM). In compliance with Ministry of Corporate Affairs circulars, physical presence is not required. Members can join the session 15 minutes before and after the scheduled start time.

Participation is available on a first-come, first-served basis for up to 1,000 members. This limit does not apply to large shareholders holding 2% or more of the shareholding, promoters, institutional investors, directors, key managerial personnel, and auditors.

Governance Actions

Mr. Champawat, who serves as Chairman and Managing Director, retires by rotation at this meeting. Being eligible, he has offered himself for reappointment. The Board recommends his reappointment as an Ordinary Resolution.

Mr. Champawat holds a B.Sc. (Honours) in Business Management from Brunel University, UK. He has 12 years of experience in management and finance. His last annual remuneration was ₹43,15,200. He holds 2,300 equity shares in the company.

Voting Procedures

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting period begins on Friday, September 25, 2026, at 9:00 am and ends on Sunday, September 27, 2026, at 5:00 pm.

Voting rights are reckoned on the paid-up value of shares registered as on the cut-off date of September 21, 2026. The Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026. Proxies cannot be appointed for meetings conducted via VC/OAVM.

Royale Manor Hotels & Industries reported a significant contraction in net profit for the first quarter of FY26, driven by lower operational income and persistent cost pressures. The Ahmedabad-based hotelier posted a net profit of ₹2.97 lakh for the quarter ended June 30, 2026, down from ₹1.44 lakh in the same period last year but a steep fall from the ₹155.95 lakh recorded in the preceding quarter (Q4FY25).

The company’s board of directors approved the unaudited standalone financial results on August 13, 2026. The results were reviewed by statutory auditors Naimish N. Shah & Co., who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Performance

Revenue from operations stood at ₹494.73 lakh, representing a 14% increase over the ₹433.44 lakh recorded in Q1FY25. However, this figure marks a 30% decline from the ₹708.22 lakh logged in Q4FY25. The company attributed the volatility to the seasonality of its business, noting that Q1 results are not indicative of full-year performance.

Other income declined sharply to ₹36.99 lakh from ₹83.50 lakh in the previous quarter, contributing to the overall revenue compression. Total expenses remained relatively stable at ₹528.75 lakh, slightly lower than the ₹557.19 lakh in Q4FY25 but higher than the ₹473.54 lakh in Q1FY25.

What the Numbers Show

A notable divergence exists between the company’s operating performance and its bottom-line profitability. While profit before tax was marginally positive at ₹2.97 lakh, the effective tax rate was zero for the quarter, as no current or deferred tax expenses were recorded. This contrasts with Q4FY25, where tax expenses totaled ₹78.28 lakh (current ₹64.54 lakh + deferred ₹13.74 lakh). The absence of tax liability in Q1FY26 underscores the minimal taxable income generated during the period, highlighting the thin margins characteristic of the low-season period for the hospitality sector.

Employee benefit expenses rose to ₹150.16 lakh from ₹140.67 lakh in Q1FY25, indicating fixed cost rigidity despite the dip in operational revenue. Finance costs decreased to ₹11.44 lakh from ₹13.37 lakh in the prior year’s corresponding quarter, suggesting some reduction in interest outflows.