West Leisure Resorts calls AGM to approve board changes, FY26 results
- West Leisure Resorts calls 18th AGM for September 28, 2026
- Shareholders to approve appointments of two new directors and a manager
- Company posted net profit of ₹5.42 lakh in FY26 vs loss of ₹4.04 lakh in FY25
- Service revenue grew 19% YoY to ₹56.50 lakh, driving profitability
- Related party transaction approvals sought for estimated ₹10 crore value
*this image is generated using AI for illustrative purposes only.
West Leisure Resorts has issued a notice for its 18th Annual General Meeting scheduled for September 28, 2026. The meeting will address ordinary business, including the adoption of audited financial statements for the fiscal year ended March 31, 2026.
Special Business Agenda
The notice outlines several special resolutions requiring shareholder approval. These include the appointment of Mr. Satyanarayan Gangadhar Kurry and Mrs. Radha Chotalia as Non-Executive Non-Independent Directors. Both were initially appointed as Additional Directors by the Board based on recommendations from the Nomination and Remuneration Committee.
Additionally, shareholders will vote on the appointment of Ms. Jyoti Shinde as Manager of the company for a five-year term effective April 1, 2026. Ms. Shinde currently serves as Chief Financial Officer. Her appointment follows the resignation of Mr. Chandra Kant Khaitan from the roles of Manager and CFO.
The meeting will also seek approval for related party transactions for the financial years 2026-2027 and 2027-2028. Estimated aggregate transaction values with related parties include ₹5 crore each with West Pioneer Properties (India) Private Limited and Houghton Hardcastle (India) Private Limited.
Financial Performance
For the year ended March 31, 2026, the company reported a total revenue of ₹73.28 lakh, down from ₹77.98 lakh in the previous year. Despite the revenue decline, profitability improved significantly. Net profit after tax stood at ₹5.42 lakh, compared to a loss of ₹4.04 lakh in the prior year.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Revenue | ₹73.28 lakh | ₹77.98 lakh |
| Net Profit / (Loss) | ₹5.42 lakh | (₹4.04) lakh |
The improvement in profitability was driven by an increase in revenue from service sales, which rose from ₹47.40 lakh to ₹56.50 lakh. Employee benefits expense also decreased from ₹63.82 lakh to ₹56.03 lakh, contributing to lower operating expenses.
What the Numbers Show
While revenue from operations declined slightly, the shift in revenue mix toward higher-margin services improved overall profitability. Service revenue grew 19% YoY, offsetting a decline in net gains on fair value changes from investments, which fell from ₹29.48 lakh to ₹16.52 lakh. This structural change allowed the company to turn profitable despite lower total income.
Corporate Governance Updates
The Board reported changes in key managerial personnel and directors during the year. Mr. Nitin Mhatre resigned as Executive Director in October 2025. Ms. Bhaviika Jain was appointed as Company Secretary & Compliance Officer in January 2026, succeeding Mr. Vaibhav Dodia.
The Audit Committee and Nomination & Remuneration Committee have been reconstituted effective April 1, 2026, following the resignation of Mrs. Smita Achrekar and the appointment of Mrs. Radha Chotalia. The company continues to operate as a Core Investment Company (CIC) exempt from RBI registration.
Historical Stock Returns for West Leisure Resorts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -2.07% | -15.17% | -25.77% | -52.98% | -78.52% |
How will the appointment of Ms. Jyoti Shinde as Manager influence the company's strategy to sustain the recent shift toward higher-margin service revenues?
What specific operational changes are driving the 19% year-over-year growth in service sales, and is this trend expected to outpace traditional investment gains in FY27?
Given the related party transaction approvals totaling ₹10 crore with West Pioneer Properties and Houghton Hardcastle, what strategic synergies or cost-saving measures are anticipated from these partnerships?
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