Silver Pearl Hospitality & Luxury Spaces Ltd returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹12.48 lakh compared to a net loss of ₹16.65 lakh in the previous year. The turnaround was driven by a significant increase in other income, which rose to ₹80.05 lakh from ₹18.00 lakh in FY25, offsetting a decline in core business operations. Total income for the year increased to ₹134.80 lakh from ₹97.63 lakh in the preceding year.

Revenue from operations fell to ₹54.75 lakh in FY26 from ₹79.63 lakh in FY25. The company attributed this decrease to prolonged winter conditions in Rakhham and poor road conditions, which impacted business activities. Despite the operational revenue dip, strict cost control measures helped reduce total expenses to ₹117.33 lakh from ₹112.41 lakh in the prior year. Employee benefit expenses increased to ₹58.83 lakh, while other expenses decreased to ₹43.93 lakh.

Financial Performance

The company’s profit before tax for FY26 stood at ₹17.47 lakh, a reversal from the loss before tax of ₹14.78 lakh in FY25. Tax expenses for the year totaled ₹4.99 lakh. Earnings per share (EPS) for the year improved to ₹0.16 from a negative ₹0.21 in the previous year. The paid-up equity share capital remained unchanged at ₹785.30 lakh with a face value of ₹10 each.

Key Financial Metrics

Balance Sheet and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹1,368.80 lakh, slightly lower than ₹1,373.18 lakh in the previous year. Non-current investments accounted for a significant portion of assets at ₹707.00 lakh. Equity and liabilities totaled ₹1,368.80 lakh, with equity share capital and reserves amounting to ₹1,353.54 lakh. Cash and cash equivalents improved to ₹6.56 lakh from ₹5.45 lakh at the end of the previous year.

The board of directors reviewed and recommended the audited financial results during a meeting held on May 28, 2026. Choudhary Choudhary & Co., Chartered Accountants, audited the results and issued an unmodified opinion, confirming compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015.

Silver Pearl Hospitality & Luxury Spaces Ltd has officially notified BSE Limited that it is exempt from submitting an Annual Secretarial Audit Report for the financial year ended March 31, 2026. The exemption is granted under SEBI (Listing Obligations and Disclosures Requirements) Regulation 24A.

Regulatory Exemption Framework

The company's exemption is based on SEBI LODR Regulation 15(2)(b), which provides specific relief to certain categories of listed entities. According to this regulation, corporate governance provisions specified in multiple regulations do not apply to companies meeting specific criteria.

SME Platform Benefits

Silver Pearl Hospitality & Luxury Spaces Ltd qualifies for the exemption due to its listing on the SME Board of BSE. This platform-specific exemption relieves SME companies from various compliance burdens that apply to main board listed entities.

The exempted corporate governance provisions include:

• Board composition requirements
• Audit committee specifications
• Nomination and remuneration committee mandates
• Risk management committee requirements
• Annual secretarial audit obligations

Official Communication

The company's Managing Director, Rajesh Kumar Negi (DIN: 08131019), signed the official communication to BSE on April 10, 2026. The notification formally requests BSE to acknowledge and record the non-applicability of Regulation 24A compliance for the financial year 2026.

This regulatory exemption allows the company to focus resources on business operations rather than extensive compliance requirements typically mandated for larger listed entities.