SAMHI Hotels Limited's board of directors has approved significant strategic acquisitions and investments worth ₹49.86 crore during its meeting held on April 15, 2026. The decisions encompass renewable energy partnerships and internal corporate restructuring initiatives as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Meeting Outcomes

The board meeting, which commenced at 12:45 p.m. (IST) and concluded at 01:30 p.m. (IST), approved two major transactions. The company will enter into shareholder agreements with Clean Max Nile Private Limited and Clean Max Solomon Private Limited to acquire 49% equity stakes in each entity.

Renewable Energy Strategy

These acquisitions enable SAMHI Hotels to qualify for captive consumption under applicable electricity laws by holding the required minimum 26% ownership with corresponding voting rights. The solar projects will supply renewable energy through group captive arrangements to hotels owned by the company's subsidiaries.

Clean Max Nile Private Limited was incorporated on October 29, 2024, and reported a net loss of ₹0.06 million with total equity of ₹0.04 million for FY24-25. Clean Max Solomon Private Limited, incorporated on April 23, 2025, has not commenced business operations as it was recently established.

Subsidiary Investment Transaction

The board also approved a substantial ₹44,01,80,000 investment in Duet India Hotels (Hyderabad) Private Limited, a wholly owned subsidiary. This represents a secondary acquisition of 2,44,87,096 Compulsorily Convertible Cumulative Preference Shares (CCCPS) from Duet India Hotels (Pune) Private Limited.

Financial Performance of Target Subsidiary

Duet India Hotels (Hyderabad) Private Limited, incorporated on July 25, 2008, operates in hotel ownership and asset management. The subsidiary has demonstrated consistent revenue growth across recent years:

Strategic Rationale and Implementation

The renewable energy acquisitions support SAMHI Hotels' sustainability objectives by enabling higher percentage of renewable energy offtake and generating savings in annual utility costs. Both Clean Max entities operate in the Commercial & Industrial (C&I) renewable energy solutions sector and are authorized to develop, generate, and supply renewable energy from solar, wind, or hybrid sources.

The subsidiary investment represents an internal restructuring initiative designed to eliminate cross shareholding, simplify the group structure, and address lender and governance concerns. All transactions are structured as cash considerations and do not require governmental or regulatory approvals. The renewable energy acquisitions are not classified as related party transactions, while the subsidiary investment involves transactions between wholly owned subsidiaries of SAMHI Hotels.

SAMHI Hotels Limited has submitted its mandatory regulatory compliance certificate for the quarter ended March 31, 2026, in accordance with SEBI (Depositories and Participants) Regulations, 2018. The filing demonstrates the company's adherence to regulatory requirements governing securities dematerialization and rematerialization processes.

Regulatory Compliance Filing

The certificate was filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, on April 6, 2026. The submission was made to both major stock exchanges where the company's shares are listed - BSE Limited and National Stock Exchange of India Limited.

Certificate Issuance and Verification

KFIN Technologies Limited, serving as the Registrar and Share Transfer Agent for SAMHI Hotels Limited, issued the compliance certificate dated April 1, 2026. The certificate confirms that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to the stock exchanges.

The certification process involved coordination with both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL), ensuring comprehensive compliance across all depository systems.

Corporate Governance Framework

Sanjay Jain, Senior Director - Corporate Affairs, Company Secretary and Compliance Officer, signed the submission on behalf of SAMHI Hotels Limited. The filing reflects the company's commitment to maintaining transparent corporate governance practices and regulatory compliance.

Regulatory Significance

The certificate filing under Regulation 74(5) is a mandatory quarterly requirement that ensures transparency in the dematerialization and rematerialization of securities. This regulatory framework helps maintain investor confidence by ensuring accurate record-keeping and proper reporting of all securities transactions to relevant stock exchanges and depositories.