Supreme Holdings & Hospitality appointed Rishabh Jalan as an additional independent director on August 24, 2026. The board approved the five-year term subject to shareholder ratification at the upcoming annual general meeting.

The appointment follows a recommendation from the Nomination and Remuneration Committee. Jalan will serve until August 23, 2031, bringing expertise in defence, hospitality, and commercial leasing sectors to the boardroom.

Appointment Details

Jalan, aged 30, holds a commerce degree from St. Xavier's College, Kolkata. He brings nine years of experience in strategic planning, operations, and financial oversight across multiple industries.

Governance and Relationships

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jalan holds 9,149 shares in the company, representing 0.02% of the paid-up equity share capital.

He is the cousin of Vidip Jatia, the managing director. This relationship does not fall within the definition of 'relative' under Section 2(77) of the Companies Act, 2013. Jalan is not related to any other director on the board.

What the Numbers Show

Jalan's shareholding of 0.02% indicates minimal financial concentration risk relative to his governance role. His background in commercial leasing and hospitality aligns directly with the company's core operational segments, suggesting a focus on industry-specific strategic oversight rather than generalist governance.

Supreme Holdings & Hospitality reported a sharp turnaround in profitability for the first quarter of FY26, with standalone net profit rising to ₹40.46 lakh compared to ₹10.75 lakh in the corresponding period of the previous year. This improvement was driven by a substantial surge in revenue from operations, which climbed to ₹221.60 lakh from ₹16.01 lakh in Q1FY25. The company’s Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, highlighting a return to robust earnings after reporting a loss in the preceding quarter.

The Board meeting, held in Pune, also reviewed the consolidated results, which showed a net profit attributable to owners of the parent company at ₹38.04 lakh, up from ₹5.92 lakh in Q1FY25. Consolidated revenue from operations remained consistent with standalone figures at ₹221.60 lakh. The results were subjected to a limited review by the statutory auditors, Mittal Agarwal & Company, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics

The financial performance indicates a strong recovery in operational efficiency and top-line growth. Below is a summary of the key figures for the quarter ended June 30, 2026:

In the standalone segment, total income reached ₹298.05 lakh, supported by other income of ₹76.45 lakh. Total expenses were contained at ₹242.54 lakh, comprising cost of construction and other operational expenses of ₹154.89 lakh. Employee benefit expenses increased to ₹19.63 lakh from ₹15.40 lakh in the previous quarter but decreased significantly from ₹26.61 lakh in Q1FY25.

What the Numbers Show

The most notable aspect of this quarter’s performance is the divergence between operational revenue growth and the contribution from other income. While revenue from operations jumped dramatically to ₹221.60 lakh from a negligible ₹16.01 lakh in Q1FY25, other income declined to ₹76.45 lakh from ₹126.79 lakh in the same period last year. This shift suggests that the current profitability is increasingly driven by core business activities rather than non-operating gains. Additionally, the company managed to reduce its profit before tax tax burden effectively, with current tax expense standing at ₹14.07 lakh against a deferred tax credit of ₹0.98 lakh, resulting in a healthy bottom line despite higher operational costs compared to the prior year’s low base.

The consolidated results include figures from its wholly owned subsidiaries, Helmet Traderz Limited and Belmaac City Developers Private Limited, as well as Visana Infrastructure Private Limited. The group’s total comprehensive income for the period was ₹38.04 lakh. Previous year figures have been regrouped where necessary to correspond with current year classification, ensuring comparability across periods.