Lords Ishwar Hotels Limited, a prominent player in the hospitality sector, has announced a significant addition to its board of directors. The company has appointed Mr. Adityabhai Jagdishbhai Joshi as an Independent Director for a five-year term, starting from September 10, 2025, to September 9, 2030.

Shareholder Approval and Board Meeting

The appointment was approved by shareholders at the company's 39th Annual General Meeting (AGM) held on September 9, 2025. The AGM, conducted through video conferencing and other audio-visual means, saw the participation of key company officials, including Mr. Pushpendra Bansal, Managing Director, and Mrs. Sangita Bansal, Director.

Adityabhai Joshi's Profile

Mr. Joshi brings a wealth of experience to his new role at Lords Ishwar Hotels Limited. With over ten years of experience in advocacy services, he specializes in civil and commercial matters. His expertise is expected to contribute significantly to the company's legal strategy and regulatory compliance efforts.

Current Directorships

Prior to this appointment, Mr. Joshi has been serving as an Independent Director on the boards of other listed companies, including Bindal Exports Limited and Shah MetaCorp Limited. This diverse experience across different sectors is likely to provide valuable insights to Lords Ishwar Hotels Limited.

Regulatory Compliance

In compliance with regulatory requirements, Lords Ishwar Hotels Limited has confirmed that Mr. Joshi is not debarred from holding directorship by the Securities and Exchange Board of India (SEBI) or any other authority. The company has also clarified that he is not related to any existing directors or key managerial personnel of the company.

Other AGM Proceedings

The 39th AGM also saw other significant developments:

1. Appointment of Secretarial Auditors: M/s. Nandaniya Joshi & Associates, Practicing Company Secretaries, were appointed for a five-year term.
2. Financial Statements: The statements for the year ended March 31, 2025, were presented for adoption.
3. Director Appointment: Mrs. Sangita Pushpendra Bansal was appointed as a Director liable to retire by rotation.

Conclusion

The appointment of Mr. Adityabhai Jagdishbhai Joshi as an Independent Director marks a strategic move for Lords Ishwar Hotels Limited. His legal expertise and experience in corporate governance are expected to strengthen the company's board and contribute to its future growth and compliance strategies in the competitive hospitality sector.

Lords Ishwar Hotels , a prominent player in the hospitality sector, has reported its financial results for the first quarter ended June 30. The company faced challenges during the quarter, with a notable decline in profitability compared to the same period last year.

Financial Performance

Lords Ishwar Hotels reported a net loss of Rs 7.67 crore for the quarter ended June 30, a significant downturn from the net profit of Rs 1.87 crore recorded in the corresponding quarter of the previous year. The company's performance was impacted by a combination of factors, including a slight decline in revenue and a substantial increase in expenses.

Revenue and Expenses

The company's revenue from operations saw a marginal decrease, falling to Rs 167.26 crore from Rs 168.21 crore year-over-year. This represents a decline of approximately 0.56% in top-line performance.

Total expenses, however, saw a considerable rise, increasing to Rs 175.33 crore from Rs 159.16 crore in the previous year's quarter. This 10.16% increase in expenses outpaced the revenue, contributing significantly to the reported loss.

Key Financial Metrics

The earnings per share (EPS) for the quarter stood at negative Rs 0.10, compared to positive Rs 0.03 in the corresponding quarter of the previous year, reflecting the impact of the loss on shareholder value.

Management Approval and Audit Review

The unaudited financial results for the quarter were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 6. The statutory auditors of the company have conducted a limited review of these financial results, as per regulatory requirements.

Additional Corporate Updates

In the same board meeting, the company also addressed several other important matters:

1. The 39th Annual General Meeting (AGM) has been scheduled for September 9, at 10:30 a.m., to be conducted through Video Conferencing and Other Audio-Visual Means.

2. The Board approved the Directors' Report along with its annexures for the financial year ended March 31.

3. A book closure period has been fixed from September 3 to September 9, for the purpose of the 39th AGM.

As Lords Ishwar Hotels navigates through these challenging times, investors and stakeholders will be keenly watching the company's strategies to improve its financial performance in the coming quarters.