TGB Banquets & Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, along with key management changes. Subsequently, the company issued a corrigendum on February 16, 2026, to correct a typographical error in the CFO appointment announcement.

Financial Performance Overview

The company demonstrated steady performance in Q3FY26 with revenue from operations reaching ₹1,057.20 lakhs compared to ₹1,022.61 lakhs in Q3FY25. Total income for the quarter stood at ₹1,084.08 lakhs, including other income of ₹26.88 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, TGB Banquets & Hotels showed improved performance across key metrics. Revenue from operations increased to ₹2,804.90 lakhs from ₹2,590.40 lakhs in the corresponding period of the previous year.

CFO Appointment and Corrigendum

The Board approved the appointment of Prakash Shrivastav as Chief Financial Officer effective February 13, 2026. However, the company issued a corrigendum on February 16, 2026, addressing a typographical error in the original announcement under Regulation 30 and 33.

CFO Profile and Qualifications

Prakash Shrivastav brings comprehensive experience to the CFO role with strong educational and professional credentials.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by statutory auditors Prakash Tekwani & Associates. The corrigendum was filed with both National Stock Exchange of India Limited and BSE Limited to ensure accurate regulatory records. All other information from the original Board meeting outcome dated February 13, 2026, remains unchanged.

TGB Banquets & Hotels Limited , a prominent player in the hospitality sector, held a significant board meeting on August 13, 2025, revealing important financial results and strategic leadership decisions. The company, known for its expertise in hotels, banquets, and conventions, made several key announcements that are set to shape its future trajectory.

Financial Results Approval

The board of directors convened to review and approve the unaudited standalone financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed, the company confirmed that these results have undergone a limited review by the statutory auditors, Prakash Tekwani & Associates, in compliance with SEBI regulations.

Leadership Re-appointments

TGB Banquets & Hotels announced the re-appointment of key leadership positions, subject to shareholder approval at the upcoming Annual General Meeting:

Managing Director and Chairman

• Mr. Narendra G. Somani: Re-appointed for a three-year term, effective October 1, 2025.
  • Over 35 years of experience in the catering and hotel industry.

Whole Time Directors

• Mr. Devanand G. Somani: Re-appointed for a five-year term, starting January 26, 2026.
  • More than 30 years of experience in hospitality and event management.
• Mr. Hemant G. Somani: Re-appointed for a five-year term, commencing January 26, 2026.
  • Over 30 years of industry experience.

Non-Executive Independent Woman Director

• Mrs. Jasmin Jaykumar Doshi: Re-appointed for a second term of five years, effective November 9, 2025.
  • Qualified Company Secretary with over 10 years of professional experience.

Additional Appointments and Policy Updates

The board also made the following decisions:

• Appointed M/s. Umesh Ved & Associates as Secretarial Auditors for a five-year term from the financial year 2025-26 to 2029-30.
• Approved and adopted an amended Policy of Code of Fair Disclosure and Conduct for Insider Trading, as well as a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

Corporate Governance Assurance

TGB Banquets & Hotels Limited affirmed that none of the re-appointed directors have been debarred from holding directorship positions by any SEBI order or other authority. All appointments are in compliance with the Companies Act 2013 and relevant SEBI regulations.

These strategic decisions and leadership continuity measures demonstrate the company's commitment to maintaining strong corporate governance and leveraging experienced leadership for future growth in the competitive hospitality sector.