Jindal Hotels Limited , a prominent player in the hospitality sector, has made two significant announcements following its recent board meeting. The company has released its unaudited standalone financial results for the first quarter of the fiscal year 2026 and reappointed its long-standing Managing Director.

Financial Results

The board of directors of Jindal Hotels Limited convened on July 22, 2025, to approve and record the unaudited standalone financial results for Q1 FY2026, which ended on June 30, 2025. These results, along with a Limited Review Report by the company's statutory auditors, will be published in newspapers as per regulatory requirements.

Leadership Continuity

In a move signaling continuity in leadership, the board has reappointed Mr. Piyush D. Shah as the Managing Director for an additional three-year term. This decision, recommended by the Nomination & Remuneration Committee, is subject to shareholder approval and other necessary authorizations.

About Piyush D. Shah

Mr. Shah, aged 73, brings a wealth of experience to his role:

• Education: Holds degrees in Commerce and Law
• Tenure: Associated with Jindal Hotels since May 4, 1984
  • Initially served as Joint Managing Director
  • Assumed the role of Managing Director on August 1, 1990
• Experience: Over 40 years in the hotel industry
• Role: Oversees overall company operations and shapes business strategies

Under Mr. Shah's leadership, Jindal Hotels has garnered several accolades, including:

• First Runner-Up in the Travel & Tourism Category at ICICI Bank and CNBC TV18's Emerging India Awards 2008
• NASSCOM-CNBC IT User Award 2008 for best IT adoption in the tourism sector
• Consistent recipient of TripAdvisor Awards

Corporate Governance

The reappointment details, as required under Regulation 30 of the Listing Regulations, include:

• Term: August 1, 2025, to July 31, 2028 (subject to shareholder approval)
• Relationships: Mr. Shah is a founder promoter of the company
  • Ms. Chanda Agrawal (Non-Executive Director) is his spouse
  • Mr. Satvik P Agrawal (Non-Executive Director) is his son

It's noteworthy that Mr. Shah is not debarred from holding the office of director by any SEBI order or other authority.

The board meeting, which commenced at 12:30 PM and concluded at 5:30 PM, marks a significant milestone for Jindal Hotels Limited as it continues to navigate the dynamic hospitality industry under experienced leadership.

Jindal Hotels Limited , a prominent player in the hospitality sector, has released its unaudited standalone financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The company made this announcement following a board meeting held on July 22, 2025.

Board Meeting Outcomes

The board meeting, which commenced at 12:30 PM and concluded at 5:30 PM, resulted in several key decisions:

1. Approval of the unaudited standalone financial results for Q1 FY2025-26.
2. Acceptance of the Limited Review Report by Statutory Auditors on the unaudited financial results.
3. Re-appointment of Mr. Piyush D. Shah as Managing Director.

Re-appointment of Managing Director

In a significant move, the Board of Directors, based on the recommendation of the Nomination & Remuneration Committee, has re-appointed Mr. Piyush D. Shah as the Managing Director of Jindal Hotels Limited. This re-appointment is for a three-year term, effective from August 1, 2025, to July 31, 2028, subject to shareholder approval and other necessary regulatory clearances.

About Mr. Piyush D. Shah

Mr. Shah, aged 73, brings a wealth of experience to his role:

• He has been associated with Jindal Hotels since 1984, initially serving as Joint Managing Director.
• Since August 1, 1990, he has held the position of Managing Director.
• Mr. Shah holds degrees in Commerce and Law.
• With over 40 years of experience in the hotel industry, he oversees the overall operations of the company.
• As a founder promoter, Mr. Shah has been instrumental in shaping the company's business strategies.

Leadership and Achievements

Under Mr. Shah's leadership, Jindal Hotels has garnered several accolades:

• First Runner-Up award in the Travel & Tourism Category at ICICI Bank and CNBC TV18's Emerging India Awards 2008.
• NASSCOM-CNBC IT User Award in 2008 for the best IT adoption in the Tourism Sector.
• Consistent recognition through Trip Advisor Awards over multiple years.

Corporate Governance

In line with regulatory requirements, the company has disclosed that Mr. Piyush D. Shah is not debarred from holding the office of director by any SEBI order or other authority. This transparency ensures compliance with BSE Circular ref. no. LIST/COMP/14/2018-19 dated June 20, 2018.

Family Ties in Management

The company also disclosed the familial relationships within its leadership:

• Ms. Chanda Agrawal, a Non-Executive Director, is Mr. Shah's spouse.
• Mr. Satvik P Agrawal, also a Non-Executive Director, is Mr. Shah's son.

This re-appointment and the release of Q1 results mark important developments for Jindal Hotels Limited as it continues to navigate the dynamic hospitality sector. Shareholders and market watchers will be keen to see how these decisions impact the company's performance in the coming years.