Graviss Hospitality has released its financial results for the fiscal year ended March 31, 2026. The company reported a standalone revenue from operations of ₹6,127.91 lakh, an increase from ₹5,642.75 lakh in the previous year. Standalone Profit After Tax (PAT) stood at ₹324.44 lakh, compared to ₹1,192.19 lakh in FY25.

On a consolidated basis, the group recorded revenue of ₹6,310.68 lakh, up from ₹6,114.85 lakh. However, the consolidated entity incurred a net loss of ₹65.60 lakh for the year, reversing a profit of ₹938.91 lakh in FY25. The decline in consolidated profitability was primarily driven by losses in its subsidiaries, specifically Graviss Hotels and Resorts Limited and Graviss Restaurants Private Limited.

Financial Performance Overview

The company's total income on a standalone basis rose to ₹6,187.19 lakh from ₹5,724.72 lakh. Total expenses increased to ₹5,670.46 lakh from ₹5,267.18 lakh, reflecting higher operational costs including employee benefits and depreciation. Other income decreased to ₹59.28 lakh from ₹81.97 lakh, largely due to lower mark-to-market gains on investments.

Subsidiary Performance

The consolidated loss was significantly influenced by the performance of the company's subsidiaries. Graviss Hotels and Resorts Limited reported a loss before tax of ₹154.80 lakh, while Graviss Restaurants Private Limited posted a loss after tax of ₹235.28 lakh. Graviss Catering Private Limited remained profitable with a minimal net profit of ₹0.04 lakh.

Management noted that the subsidiaries have accumulated losses exceeding their net worth. However, the holding company maintains that there is no diminution in the value of investments, citing potential land value appreciation and future operational margins as recovery drivers.

Key Operational Highlights

• Dividend: The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026.
• Board Changes: Mr. Ravi Ghai ceased to be a director effective May 22, 2026. Mr. Amrit Mirpuri was appointed as an additional non-executive director effective June 1, 2026.
• AGM: The 65th Annual General Meeting is scheduled for September 23, 2026, to be held via video conference.

What the Numbers Show

While the standalone parent company generated a healthy operating profit of ₹516.74 lakh before exceptional items, the consolidated picture reveals significant drag from unprofitable subsidiaries. The consolidated other income of ₹124.70 lakh, which includes fair value gains and lease termination benefits, helped cushion the bottom line but was insufficient to offset the combined losses of ₹390.08 lakh from the two primary loss-making subsidiaries. This divergence highlights the group's current dependency on the parent hotel's cash flows to sustain the broader corporate structure.

Graviss Hospitality Limited shareholders have approved the appointment of Amrit Mirpuri as a Non-Executive and Non-Independent Director, strengthening the company’s governance structure with senior industry expertise. The resolution was passed via postal ballot on August 10, 2026, formalizing an appointment that took effect on June 1, 2026. This addition to the Board leverages Mirpuri’s extensive background in real estate development, aligning with the company’s core operational focus.

The approval was secured in compliance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Postal Ballot Notice was issued on July 10, 2026, to members registered as of July 3, 2026. Remote e-voting was conducted through National Securities Depository Limited (NSDL) from July 11, 2026, at 09:00 A.M. (IST) until August 10, 2026, at 5:00 P.M. (IST), adhering to Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the Listing Regulations.

Appointment Details

The key details regarding the director’s appointment are outlined below:

Professional Background

Amrit Mirpuri brings approximately 35 years of diverse professional experience to Graviss Hospitality. His expertise spans real estate development and construction management, accompanied by extensive networks with suppliers, vendors, OEMs, and other partners involved in building development. Beyond his corporate role, Mirpuri is engaged in philanthropic initiatives, including associations with institutions such as Tata Memorial Hospital and various charitable organizations. His appointment introduces deep sector-specific knowledge to the Board, potentially aiding strategic oversight in property development and infrastructure projects.