Gujarat Hotels Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Ms. Rashmi Verma as an Independent Director. The company's Board of Directors, at their meeting on October 6, 2025, approved Verma's appointment for a five-year term, subject to shareholder approval.

Key Details of the Appointment

Professional Background

Ms. Verma brings a wealth of experience to her new role. She previously served as Secretary at the Ministry of Tourism, Government of India. Her career also includes positions such as Secretary at the Ministry of Textiles, Principal Secretary Tourism in Bihar, and Chairperson & Managing Director of Bihar State Tourism Development Corporation Limited.

Educational Qualifications

Ms. Verma's educational background is as follows:

• M.A. and M.Phil in Political Science from Delhi University
• M.Phil in Sociology from IIPA
• MBA (Project-based) from the University of Hull, U.K.

Current Board Positions

Ms. Verma currently serves as an Independent Director on the boards of several prominent companies:

1. Uflex Limited
2. PTC India Limited
3. HT Media Limited

Postal Ballot Process

Gujarat Hotels Limited has outlined the following details for the postal ballot process:

• E-voting Period: November 12, 2025 (9:00 a.m.) to December 11, 2025 (5:00 p.m.)
• Results Declaration: December 12, 2025
• Scrutinizer: Ms. Pooja Bhatia, Practicing Company Secretary

The company has engaged the services of National Securities Depository Limited (NSDL) to provide remote e-voting facilities to its shareholders.

Implications

The appointment of Ms. Rashmi Verma, with her extensive experience in public administration and current roles in other listed companies, could bring valuable insights to Gujarat Hotels Limited's board. Her diverse background across sectors such as tourism and textiles aligns well with the hospitality industry, potentially benefiting the company's strategic direction and governance.

Shareholders are encouraged to participate in the e-voting process to voice their decision on this corporate action. The outcome of this postal ballot will be crucial in determining the composition of the company's board for the next five years.

Gujarat Hotels , a prominent player in the Indian hospitality sector, has announced its financial results for the quarter ended September 30, showcasing robust growth across key metrics.

Financial Highlights

The company reported a significant increase in its net profit for the quarter, with figures rising to ₹118.88 crore, marking a substantial 65% jump from ₹71.92 crore in the corresponding quarter of the previous year. This impressive growth in profitability underscores the company's effective cost management and operational efficiency.

Revenue from operations also saw a notable uptick, growing by 29% to ₹91.65 crore, compared to ₹70.81 crore in the same quarter last year. This increase in revenue indicates a strong recovery in the hospitality sector and improved occupancy rates for Gujarat Hotels.

Key Financial Metrics

Half-Yearly Performance

For the six months ended September 30, Gujarat Hotels reported:

• Total income of ₹350.59 crore, up from ₹299.85 crore in the corresponding period of the previous year.
• Net profit of ₹259.31 crore, compared to ₹197.21 crore in the same period last year, representing a growth of 31.5%.

Management Commentary

The company's management expressed satisfaction with the quarterly results, attributing the growth to strategic initiatives and a favorable market environment. They remain optimistic about maintaining this growth trajectory in the coming quarters.

Other Notable Points

• The company's balance sheet remains strong, with total assets standing at ₹5,339.89 crore as of September 30.
• Gujarat Hotels continues to operate in a single segment, hoteliering, within India.
• The Board of Directors approved these results in a meeting held on October 13.

Gujarat Hotels' impressive financial performance in Q2 reflects the company's resilience and ability to capitalize on the recovering hospitality sector. With strong growth in both revenue and profitability, the company appears well-positioned for sustained success in the coming quarters.

Investors and stakeholders will likely view these results positively, as they demonstrate the company's ability to generate value and navigate the dynamic hospitality landscape effectively.