Graviss Hospitality Limited announced significant changes to its promoter classification and board structure following a board meeting held on January 27, 2026. The company's Board of Directors approved the reclassification of Mr. Ravi Ghai from 'Promoter' to 'Promoter Group' status, marking a notable shift in the company's ownership structure.

Shareholding Reduction Triggers Reclassification

The reclassification decision was prompted by a reduction in Mr. Ravi Ghai's shareholding in Graviss Hospitality Limited. The company disclosed that Mr. Ghai's total interest in the shareholding, which consists entirely of indirect shareholding, has decreased to approximately 6.6% of the company's capital. This reduction in stake necessitated the change in his classification under regulatory requirements.

Board Leadership Changes

Alongside the reclassification, the board also decided that Mr. Ravi Ghai would step down from his position as Non-Executive Chairman of the company. The meeting minutes indicate that no replacement Non-Executive Chairman has been appointed at this time, suggesting the company may be evaluating suitable candidates for the role.

Meeting Details and Approvals

The board meeting was conducted with proper governance protocols, commencing at 11:45 AM and concluding at 12:06 PM on January 27, 2026. The decisions were made upon recommendations from both the Nomination and Remuneration Committee and the Audit Committee, demonstrating adherence to corporate governance best practices.

Regulatory Compliance

Graviss Hospitality Limited has committed to informing the Securities and Exchange Board of India (SEBI) about these changes as required under regulatory guidelines. The announcement was made in compliance with Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Graviss Hospitality Limited , a player in the hospitality sector, has reported its financial results for the second quarter of fiscal year 2025, showing a significant reduction in losses compared to the previous quarter.

Financial Performance

The company's unaudited standalone financial results for Q2 FY2025, which ended on September 30, 2025, reveal the following key metrics:

Graviss Hospitality has managed to substantially narrow its losses in Q2 FY2025 to ₹74.00 lakh, compared to a loss of ₹476.00 lakh in the previous quarter. This represents an improvement of about 84% quarter-over-quarter.

For the first half of FY2025, the company reported a cumulative loss of ₹550.00 lakh, which is less than half of the ₹1,260.00 lakh loss reported in the corresponding period of the previous fiscal year.

Board Approval and Audit Review

The Board of Directors of Graviss Hospitality Limited approved these unaudited standalone and consolidated financial results on November 13, 2025. The results have undergone a limited review by independent auditors, as required by SEBI regulations.

Auditor's Observations

In their limited review report, the auditors highlighted a matter of emphasis regarding three subsidiaries of Graviss Hospitality:

• These subsidiaries have accumulated losses exceeding their net worth as of September 30, 2025.
• The management believes that these subsidiaries will be able to secure regular orders and are exploring alternative business plans.
• Based on this outlook, the management considers that there is no diminution in the value of investments in these subsidiaries.
• Loans given to these subsidiaries are also considered recoverable.

Segment Reporting

The company's financial statement indicates that the hospitality business remains its only reportable segment, suggesting a focused approach to its core operations.

Looking Ahead

While the reduction in losses is a positive sign for Graviss Hospitality, the company's performance in the coming quarters will be crucial to assess whether this trend of improvement continues. The management's efforts to turn around the subsidiaries' performance and the success of their alternative business plans will be key factors to watch in the near future.