TajGVK Hotels & Resorts has appointed Dia Mehta Bhupal as an Additional Director, effective July 31, 2026. The Board of Directors approved the appointment during its meeting on July 31, 2026, acting on the recommendation of the Nomination and Remuneration Committee. Bhupal will hold office as a Non-Executive and Non-Independent Director under the Promoter Category until the date of the company’s next Annual General Meeting.

The appointment was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also complies with Clause 7 of SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Director Profile

Dia Mehta Bhupal (DIN: 07123183) is recognized as an artist and the creative director of The Corona Quilt Project. Her work combines sustainability messages with photography, utilizing recycled materials to create constructed images. Bhupal holds a Bachelor of Fine Arts in Photography from The Parsons School of Design in New York and completed foundation studies at the Central Saint Martins College of Art and Design in London.

She is represented by Gallery SKE and is an INK Fellow. Bhupal has exhibited globally, including at Biennales in Kochi, Lyon, and Yinchuan, as well as Art Basel. She is associated with philanthropic causes focused on healthcare, mental wellbeing, and education.

Related Party Disclosures

The filing discloses relationships between Bhupal and existing directors of the company. Bhupal is related to the following individuals:

The disclosure confirms that Dia Mehta Bhupal is not debarred from holding office as a Director by virtue of any SEBI order or any other authority, as required under circular no.LIST/COMP/14/2018-19 and NSE/CML/2018/02 dated June 20, 2018.

Taj GVK Hotels & Resorts reported a consolidated net profit of ₹316.6 crore for the quarter ended June 30, 2026, marking a 52% year-on-year increase from ₹160.1 crore in the corresponding period of the previous fiscal year. Revenue from operations climbed to ₹1,650 crore, up from ₹1,063.9 crore, driven by higher occupancy and average daily rates across its portfolio. The Board of Directors approved the unaudited standalone and consolidated financial results on July 31, 2026, and scheduled the 31st Annual General Meeting for September 9, 2026.

Q1FY26 Financial Performance

The company’s consolidated EBITDA for the quarter stood at ₹438.3 crore, compared to ₹291.4 crore in Q1FY25. Standalone revenue from operations was ₹1,092.4 crore, with a standalone net profit after tax of ₹186.7 crore. The subsidiary, Green Woods Palaces and Resorts Private Limited, contributed significantly to the consolidated figures, having become a wholly-owned subsidiary effective February 10, 2026. Consequently, the previous year’s comparative figures are not directly comparable as the investment was previously accounted for under the equity method.

Note: Previous year figures are not comparable due to change in accounting treatment of Green Woods Palaces.

Key Operational Highlights

Consolidated earnings per share (basic) were ₹4.03, compared to ₹3.33 in the same quarter last year. The debt-to-equity ratio remained low at 0.07, indicating a strong balance sheet position. Statutory auditors M. Bhaskara Rao & Co. issued an unqualified review report on the interim financial information, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Corporate Actions

The company has fixed the record date for dividend entitlement for FY25 between September 2 and September 9, 2026. The AGM will be held via video conferencing on September 9, 2026, at 11:00 AM. Managing Director and CEO Shalini Bhupal stated that the strong performance reflects robust demand recovery and operational efficiency gains across properties.